Titanium Concentrate: Introduction
- Titanium concentrate is a mineral product, which is prepared by removing water from a titanium solution. It is used in the process where high surface area is required such as water treatment, fuel cells, and solar cell applications. Characteristics of titanium concentrate include low density, high strength, high melting point, and high resistance to corrosion & heat. Titanium concentrate is magnetic and can be separated by magnetic separators. Ilmenite, a major type of titanium concentrate, can be used as feedstock in the production of titanium pigments. Titanium concentrate strengthens metaphysical properties of crystals. Rutile and ilmenite are the prominent types of titanium concentrate. Ilmenite is a tetragonal crystal structure with two four-sided prisms.
Key Drivers and Restraints of Global Titanium Concentrate Market
- Easy availability of raw materials across the globe is the key factor driving the titanium concentrate market. Many leading players are continuously investing in R&D to develop an ecofriendly manufacturing process of titanium concentrate.
- Rise in demand for titanium concentrate in end-use industries such as aerospace & marine, construction, automotive, medical, and energy is expected to propel the market. Manufacturers of titanium concentrate are likely to be benefit from the rapidly growing manufacturing of aerospace equipment, primarily aircraft, as large share of titanium is consumed by aircraft manufacturers.
- Emission of hazardous wastes is increasing by the day. Therefore, global regulatory bodies are introducing restrictions on the process of manufacturing titanium concentrate to control the emission of hazardous wastes. This is hampering the global titanium concentrate market.
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Titanium Concentrate: Type Segment
- Based on type, the titanium concentrate market can be segmented into rutile, ilmenite, and leucoxene. The rutile segment can be further bifurcated into natural and synthetic. Ilmenite can be subdivided into sulfate and chloride.
- In term of type, rutile is expected to be the major segment of the global titanium concentrate market during the forecast period
Titanium Concentrate: End-use Industry Segment
- Based on end-use industry, the titanium concentrate market can be segregated into aerospace & marine, construction, automotive, medical, energy, and others
- In terms of revenue, the aerospace & marine segment accounted for significant share of the global market in 2020. It is projected to expand at a rapid pace during the forecast period.
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COVID-19 Impact on Titanium Concentrate Market
- On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
- Disruption of the supply chain of raw materials has resulted in the suspension of production and distribution of titanium concentrate. Delivery of titanium concentrate and related products is also likely to be adversely affected during the pandemic due to transit disruptions in some geographies.
- Companies operating in the titanium concentrate market have taken steps such as redesigning of workflow processes in their manufacturing plants and distribution outlets as safeguard measures against the COVID-19 pandemic
Asia Pacific to Dominate Titanium Concentrate Market
- In terms of region, the global titanium concentrate market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is a rapidly growing region of the global titanium concentrate. China and India are the prominent countries in Asia Pacific.
- In terms of demand, the market in Middle East & Africa is also expected to expand at a fast pace during the forecast period
- The titanium concentrate market in North America and Europe is anticipated to expand at a sluggish pace during the forecast period due to the rise in government regulations on manufacture of these products
- Latin America, especially Brazil, is projected to be a significant user of titanium concentrate in the next few years
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Key Manufacturers Operating in Global Titanium Concentrate Market
The global titanium concentrate market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Leading manufacturers of titanium concentrate are adopting various organic and inorganic growth strategies to expand their geographical reach and product portfolio. Key manufacturers operating in the global titanium concentrate market include:
- DuPont
- Ineos
- Iluka Resources Ltd.
- Sumitomo Corporation
- VSMPO-AVISMA Corporation
- Toho Titanium Co.
- RTI International Metals
- Allegheny Technologies Incorporated
- Titanium Metal Corporation
- Tronox Limited
- Indian Rare Earths Limited
- Sierra Rutile Limited
Global Titanium Concentrate Market: Research Scope
Global Titanium Concentrate Market, by Type
- Rutile
- Natural
- Synthetic
- Ilmenite
- Leucoxene
Global Titanium Concentrate Market, by End-use Industry
- Aerospace & Marine
- Construction
- Automotive
- Medical
- Energy
- Others
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Global "Titanium Concentrate Market" research report has all the necessary vital details asked by the clients or any audiences in terms of market advantages or disadvantages and future market scope all mentioned in a very crystal clear manner.
The report eloquently mentioned all the information regarding market competitors, growth rate, revenue ups and downs, regional players, industrial players, and applications.
Even the most measly information depicting market figures are comprehensively analyzed and before being presented to the clients.
The industrial players Huntsman International, DuPont, Ineos, Iluka Resources Ltd., Sumitomo Corporation VSMPO-AVISMA Corporation, Toho Titanium Co., RTI International Metals, Allegheny Technologies Incorporated, Titanium Metal Corporation, Tronox Limited (U.S), Indian Rare Earths Limited (India), Sierra Rutile Limited (U.K) are all provided so as to make it easier for the audiences to understand the market growth rate.
The current Titanium Concentrate market research report has demonstrated all the vital market growth factors and economic fluctuations mentioned owing to the immense attention gained in recent years.Click Here To Access The Sample Report:: https://www.syndicatemarketresearch.com/sample/titanium-concentrate-marketGlobal Market portal aims to provide reports like these in order to draw the attention of many of the clients wanting to extrapolate some of the vital details of the Titanium Concentrate market on a global scale.
The Titanium Concentrate market dossier talks about the market segmentation created on the basis of consensus made, product type, governments norms, key industrial players, competitive landscapes, applications, end-user, topological players, and more.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
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