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Rutile Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • ID: 5025802
  • Report
  • January 2022
  • Region: Global
  • 120 Pages
  • Mordor Intelligence

FEATURED COMPANIES

  • East Minerals
  • Iluka Resources Limited
  • IREL (India) Limited
  • Rio Tinto
  • TOR Minerals
  • Tronox Holdings PLC

The Global Rutile Market is projected to register a CAGR of over 4% during the forecast period (2021-2026).



The market was negatively impacted by COVID-19 in 2020. Considering the pandemic scenario, the construction activities were on temporary halt during the government-imposed lockdown, thus led to a decrease in the consumption of rutile used as a pigment in paints. Moreover, due to COVID-19, the other end-user industries that use rutile were also suffered, including paper, plastics, and optical equipment, which negatively impacts the demand for the rutile market.



Key Highlights

  • Over the short term, the growing demand for rutile for the production of titanium metal is expected to drive market growth.
  • However, the stringent environmental regulation on the extraction of titanium from rutile is expected to hinder the market's growth.
  • The increasing use of rutile as a large band-gap semiconductor is likely to act as an opportunity for the market studied in the coming years.
  • Asia-Pacific region is expected to dominate the market with the largest consumption from countries like China and India.

Key Market Trends


Growing Demand for Rutile from the Production of Titanium Metal


  • Rutile is a titanium oxide mineral with a chemical composition of TiO2. It is found in igneous, metamorphic, and sedimentary rock throughout the world, and rutile also occurs as needle-shaped crystals in other minerals.
  • Additionally, rutile is crushed into a white powder used as a pigment in paints, and it is processed for use in a multitude of products.
  • Rutile has one of the highest refractive indexes at the visible wavelengths of any known crystal and also exhibits a particularly large birefringence and high dispersion.
  • Titanium is a silver-gray metal that offers high resistance to corrosion and has a high strength to body ratio. It is chemically inert in nature. Titanium metals are mainly used in medical implants and metal coatings.
  • According to Eurostat, in 2019, the general government health expenditure in the European Union (EU-27) countries was valued at about USD 1,158 billion or 7% of the GDP.
  • In 2019, the US healthcare spending was valued at about USD 3.8 trillion or USD 11,582 per person, with a growth rate of about 4.6% compared to the previous year, which stimulates the market demand for rutile.
  • Therefore, the aforementioned factors are expected to significantly impact the market in the coming years.

Asia-Pacific Region to Dominate the Market


  • The Asia-Pacific region is expected to dominate the market for rutile during the forecast period. The increasing demand for rutile from the production of titanium metal and paint pigment, the growing population, and construction activities in developing countries like China and India are expected to drive the demand for rutile in this region.
  • China was leading in the construction industry with a market size of USD 1,092.9 billion in 2019, registering a growth rate of 14.71% compared to the previous year.
  • Furthermore, the total new construction in Japan was accounted for about 127.55 million square meters in 2019 and reached about 113.74 million sq. m in 2020, with a decline rate of about 10.5%, thus led to a decrease in the consumption of paints used in the construction industry, which negatively impacted the market demand for rutile.
  • The largest producers of rutile are located in the Asia-Pacific region. Some leading companies in the production of rutile are Tronox Holdings PLC, Iluka Resources Limited, Rio Tinto, East Minerals, and IREL (India) Limited.
  • According to Global Construction 2030 (published by Global Construction Perspectives and Oxford Economics), Southeast Asia’s construction market is anticipated to exceed USD 1.0 trillion by 2030, which is likely to boost the demand for pigment from the powdered form of rutile.
  • Therefore, the aforementioned factors are expected to significantly impact the market in the coming years.

Competitive Landscape


The global rutile market is partially consolidated in nature, with only a few major players dominating the market. Some major companies include Tronox Holdings PLC, Iluka Resources Limited, Rio Tinto, East Minerals, and IREL(INDIA) LIMITED.



Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support


This product will be delivered within 2 business days.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • East Minerals
  • Iluka Resources Limited
  • IREL (India) Limited
  • Rio Tinto
  • TOR Minerals
  • Tronox Holdings PLC

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand for Rutile from the Production of Titanium Metal
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Stringent Environment Regulations on the Extraction of Titanium from Rutile
4.2.2 Unfavorable Conditions Arising due to the Impact of COVID-19
4.2.3 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1 Type
5.1.1 Natural Rutile
5.1.2 Synthetic Rutile
5.2 Variety
5.2.1 Ilmenorutile
5.2.2 Rutilated Quartz
5.2.3 Sagenite
5.2.4 Struverite
5.2.5 Venus Hairstone
5.2.6 Other Varieties
5.3 Application
5.3.1 Titanium Metal
5.3.2 Pigment in Paints
5.3.3 Refractory Ceramic
5.3.4 Optical Equipment
5.3.5 Other Applications
5.4 Geography
5.4.1 Asia-Pacific
5.4.1.1 China
5.4.1.2 India
5.4.1.3 Japan
5.4.1.4 South Korea
5.4.1.5 Rest of Asia-Pacific
5.4.2 North America
5.4.2.1 United States
5.4.2.2 Canada
5.4.2.3 Mexico
5.4.3 Europe
5.4.3.1 Germany
5.4.3.2 United Kingdom
5.4.3.3 France
5.4.3.4 Italy
5.4.3.5 Rest of Europe
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle-East and Africa
5.4.5.1 Saudi Arabia
5.4.5.2 South Africa
5.4.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**/ Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Iluka Resources Limited
6.4.2 Tronox Holdings PLC
6.4.3 East Minerals
6.4.4 IREL (India) Limited
6.4.5 Rio Tinto
6.4.6 V.V Mineral
6.4.7 TOR Minerals
6.4.8 Kerala Minerals & Metals Ltd
6.4.9 Yucheng Jinhe Industrial Co. Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Use of Rutile as a Large Band Gap Semiconductor
7.2 Other Opportunities
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Iluka Resources Limited
  • Tronox Holdings PLC
  • East Minerals
  • IREL (India) Limited
  • Rio Tinto
  • V.V Mineral
  • TOR Minerals
  • Kerala Minerals & Metals Ltd
  • Yucheng Jinhe Industrial Co. Ltd
Note: Product cover images may vary from those shown

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