Global Artificial Rutile Market Size By Product (Purity Under 90%, Purity Above 95%), By Application (Industrial, Chemical), By Geographic Scope And Forecast
Report ID: 14513|No. of Pages: 202
Global Artificial Rutile Market Size By Product (Purity Under 90%, Purity Above 95%), By Application (Industrial, Chemical), By Geographic Scope And Forecast
Artificial Rutile Market Size And Forecast
Artificial Rutile Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2028.
The Global Artificial Rutile Market is being driven by the rising manufacturing sector throughout the world, which is being aided by rapid industrialization and urbanization. The Global Artificial Rutile Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Artificial Rutile Market Definition
The most frequent and plentiful type of titanium oxide is rutile. Rutile has a tetragonal crystal structure and is reddish-brown in color. These heavy mineral sands are mined and dredged primarily to generate ilmenite, rutile, and other titanium oxide ores for commercial use. Ilmenite and rutile are titanium oxides with a variable quantity of magnesium or manganese that is often scattered from their initial composition (Abzalov, 2016). Titanium oxide minerals like ilmenite and rutile are used to make high-performance metal components such as artificial human body parts, aviation engine parts, sporting equipment, synthetic rutile, pigments, etc.
Moreover, these pigments are utilized in papers, paints, toothpaste, adhesives, plastics, foods, and nanotechnologies for whitening. Synthetic rutile, which is somewhat yellowish and practically translucent in color, is made from ilmenite ores using the Becher method. In addition, Groundwater contamination, mineral transportation with heavy trucks, dredging activities in sensitive coastal regions, and deforestation are all serious environmental concerns associated with titanium oxide mining.
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Global Artificial Rutile Market Overview
The Global Artificial Rutile Market is being driven by the rising manufacturing sector throughout the world, which is being aided by rapid industrialization and urbanization. The increased need for synthetic rutile as a pigment in sectors such as paper, plastic, and paint & coatings is driving the industry forward. Manufacturers of pigments are increasingly choosing synthetic rutile over natural rutile since it is more cost-effective and ethical to produce.
Synthetic rutile also has a high refractive index, giving it an adamantine luster and strong refraction, giving it a diamond-like look. Furthermore, because rutile is not very hard scratch-resistant, it is rarely utilized in jewelry. It’s used to coat welding electrodes and make titanium tetrachloride, which is then used to make titanium sponges. Those factors are responsible for the extent of the Global Artificial Rutile Market.
Global Artificial Rutile Market Segmentation Analysis
The Global Artificial Rutile Market is Segmented on the basis of Product, Application, And Geography.
Artificial Rutile Market, By Product
• Purity Under 90%
• Purity 90-95%
• Purity Above 95%
• Others
Based on Product, the market is bifurcated into Purity Under 90%, Purity 90-95%, Purity Above 95%, and Others. Purity above 95% stake major share in the Global Artificial Rutile Market because Natural rutile extraction is difficult, and the costs connected with the extraction procedure are considerable, hence synthesized rutile with high purity is recommended. This synthetic rutile is used as a pigment in the production of paint. These pigments are used to manufacture high-brightness paper and give plastic a white color.
Artificial Rutile Market, By Application
• Industrial
• Chemical
• Others
Based on Application, the market is bifurcated into Industrial, Chemical, and Others. Industrial application is augmenting a major share in the global Artificial Rutile Market owing to the huge demand for papers and plastic. Rutile is primarily used in the construction of refractory ceramics, as a pigment, and in the fabrication of titanium metal.
Artificial Rutile Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the world
On the basis of Geography, the Global Artificial Rutile Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia pacific stakes a major share in the global Artificial Rutile Market owing to Its rising nations becoming more urbanized and industrialized. China is a large producer of titanium metal and titanium oxide, which is helping the synthetic rutile sector in the region to flourish. However, In the artificial rutile industry, North America is likely to acquire substantial traction. The global use of synthetic rutile will rise as demand rises in various end-use sectors such as paper, plastic, food, and others.
Key Players
The “Global Artificial Rutile Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Tronox, Iluka, Murray Basin Titanium (Tronox), Dow Dupont, and Rio Tinto.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• In January 2021, Tronox Announces the Termination of the TTI Acquisition Agreement and released Selected Preliminary Fourth Quarter 2020 Financial Results.
• In March 2021, DuPont stated that it has reached a formal deal with Advent International, one of the world’s top private equity companies, to buy Laird Performance Materials for $2.3 billion in cash.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2017-2028 |
| BASE YEAR | 2020 |
| FORECAST PERIOD | 2021-2028 |
| HISTORICAL PERIOD | 2017-2019 |
| KEY COMPANIES PROFILED | Tronox, Iluka, Murray Basin Titanium (Tronox), Dow Dupont, and Rio Tinto. |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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Data Collection Matrix
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Industry Analysis Matrix
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