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Ilmenite Market Trends

Report ID: GMI7406
Published Date: Nov 2023
Report Format: PDF

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Ilmenite Market Trends

The ilmenite industry is undergoing significant changes, with a strong focus on sustainability throughout the sourcing and production processes. Driven by heightened environmental awareness and stricter regulations, companies are transitioning towards cleaner and more responsible methods in their ilmenite mining and processing. Furthermore, there is a growing emphasis on the recycling and repurposing of titanium materials to decrease waste and energy usage, aligning with the overarching sustainability goals of numerous industries. These evolving trends are reshaping the market and is projected to have a lasting influence on its future direction.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of ilmenite was worth USD 11.1 billion in 2022 and is estimated to reach USD 16.6 billion by 2032, fueled by the rising need for titanium dioxide in industries such as paints and coatings.

Titanium dioxide production held a majority market value of USD 9.4 billion in 2022 and is expected to grow through 2032, owing to the sustained demand for this pigment in the paints, coatings, and plastics industries.

U.S. ilmenite market revenue crossed USD 2.7 billion in 2022 and is anticipated to expand at a significant pace during 2023 to 2032, due to the flourishing construction and automotive industries across the region.

Iluka Resources, Rio Tinto, Kenmare Resources, Tronox Limited, Base Resources Limited, Sierra Rutile Limited, Cristal, V.V. Mineral, Trimex Sands, Eramet, Toho Titanium Co., Ltd., Exxaro Resources, Yunnan Dahutong Titanium Industry Co., Ltd., Bluejay Mining Plc, and Akzonostrum.