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Rutile Market

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Rutile is a mineral composed of titanium dioxide. It is a transparent, tetragonal crystal, available in various colors such as reddish brown, black, golden, or yellow depending upon the source with two four-sided prisms.
Rutile Market - Size, Share, Trends, and Forecast
2019 - 2027
Rutile is a mineral composed of titanium dioxide. It is a transparent, tetragonal
crystal, available in various colors such as reddish brown, black, golden, or yellow
depending upon the source with two four-sided prisms. Rutile is available in
abundance in nature with also availability of synthetic rutile. The synthetic rutile is
manufactured from ilmenite, which has a 60% concentration of titanium. Moreover,
synthetic rutile has an 85% concentration of titanium and is considered as the most
preferred source of titanium. Rutile is majorly used for the production titanium by
using two major processes namely the chloride process and sulfate process.
However, the sulfate process is the most preferred where rutile reacts with sulfuric
acid resulting in the residue of unwashed substances in the mineral and titanium as
an extract.
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Market Outlook
Global rutile market size is projected to expand significantly during the forecast
period (2019-2027), owing to increasing demand for titanium around the world. High
concentration of titanium in synthetic rutile is expected to boost growth of the market
in the near future. Titanium and titanium find application in various industries such as
automotive, construction, packaging, and electronics, which is expected to increase
the demand for rutile and hence boost the market growth. Moreover, high growth of
automobile industry in the recent past has also supported the market growth.
Furthermore, easy access and abundant availability of ilmenite, which is used in
production of synthetic rutile are expected to drive the market growth during the
forecast period.
However, the extraction of titanium and titanium dioxide from rutile produces
hazardous waste, which has led to stringent regulations from the governmental
bodies. These stringent regulations are expected to restrain the global rutile market
growth during the forecast period. However, increasing investment in research and
development activities to develop eco-friendly processes produce titanium is posing
excellent growth opportunities for key players around the world.
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Market Regional Analysis
Asia Pacific is projected to account for the largest market share in the global rutile
market during the forecast period. This is owing to high GDP growth and increasing
industrialization in emerging economies such as China and India. Growing
automobile in the region is expected to increase the demand for titanium and hence
drive the market growth. Furthermore, North America is also projected to witness
significant market growth followed by Europe. However, demand for rutile will be
moderate in these regions, owing to saturation in end user industries.
Market Players
Key players operating in the global rutile market include Shanghai Yuejiang Titanium
Chemical Manufacturer Co., Ltd., Jiangxi Jinshibao Mining Machinery Manufacturing
Co., Ltd., Abbott Blackstone, and Yucheng Jinhe Industrial Co., Ltd.
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