The Asia-Pacific to Provide Enhanced Opportunities for the Synthetic Rutile Industry Expansion
The Asia-Pacific is expected to significantly contribute to the industry growth in the forecast period owing to the growing urbanisation and industrialisation across its emerging nations. China is among the major producers of titanium metal and titanium oxide, which is aiding the growth of the synthetic rutile industry within the region. Further, Australia and New Zealand are also the top producers of titanium metal and the expanding manufacturing sector in these regions will significantly contribute to the industry growth. Other significant markets for synthetic rutile include North America and Europe.Synthetic Rutile: Market Segmentation
Rutile, mainly formed of titanium dioxide, is a mineral used as a source of titanium. Synthetic rutile is obtained from ilmenite, a naturally occurring complex oxide of iron. Synthetic rutile can be produced with varying degrees of purity and the variation in quantity and type of impurity depends on the source of ilmenite and the extraction process. It has a high titanium dioxide content with low levels of contaminants. The doping method allows the manufacturers to produce synthetic rutile in different colours as pure synthetic rutile is almost colourless. Titanium minerals like rutile, ilmenite, leucoxene, and synthetic rutile are the principal feedstock for pigment production in various industries.Based on application, the market is divided into:
- Titanium Sponges
- White Pigment
Based on end use, the industry can be segmented into:
- Paints and Coatings
- Plastics
- Paper
- Others
Market Breakup by Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Growing Demand from the Major End Use Sectors to Boost the Synthetic Rutile Industry Growth
The expanding manufacturing sector across the world, supported by rapid industrialisation and urbanisation, is driving the growth of the market. The growing demand for synthetic rutile as a pigment in various industries like paper, plastic, and paint and coating is propelling the industry growth. The pigment manufacturers are increasingly adopting synthetic rutile over natural one as its production is regarded as more economical and ethical. Also, synthetic rutile has a high refractive index, which gives it an adamantine lustre and strong refraction that leads to a diamond-like appearance.In addition, as rutile is not very hard and scratch-resistant, it is seldom used in jewellery. Over the forecast period, the growing mergers and acquisitions by the key players and increasing production of titanium are expected to significantly boost the growth of the synthetic rutile industry.
Key Industry Players in the Global Synthetic Rutile Market
The report gives a detailed analysis of the following key players in the global synthetic rutile market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:- TOR Minerals International, Inc.
- Cochin Minerals and Rutile Limited
- lluka Resources Limited
- The Kerala Minerals & Metals Ltd
- Others
Table of Contents
Companies Mentioned
The key companies featured in this Synthetic Rutile market report include:- TOR Minerals International, Inc.
- Cochin Minerals and Rutile Limited
- lluka Resources Limited
- The Kerala Minerals & Metals Ltd