Ilmenite Market PPT

1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

2. ILMENITE MARKET ANALYSIS • Ilmenite Market - Size, Share, Trends, and Forecast 2019 – 2027.

3. The global ilmenite market size is expected to witness potential gains in the future, and register a significant CAGR of 4.2% over the forecast period (2019 - 2027). Market Overview Ilmenite is a titanium-iron oxide mineral and an important constituent of beach sand deposits. Sulfate process or the chloride process is used to convert ilmenite into pigment grade titanium dioxide. The Becher process can be used to improve and purify ilmenite to obtain rutile, a mineral used in paints, plastics, paper, foods, and other applications. Ilmenite is majorly found in eastern coast and western coast of Australia; Richards Bay in South Africa; eastern coast of America; Kerala in India; and eastern coast and southern coast of Brazil. Cr-rich picroilmenite, ferrian ilmenite, and hystatite are some of the verities of ilmenite.

4. Market Dynamics Ilmenite is majorly used for production of white titanium dioxide pigment. It is also used in manufacturing of all types of white and pastels shades of paints, white-walled tires, glazed papers, plastics, printed fabrics, flooring materials such as linoleum. Therefore, increasing demand for paints and coatings is expected to boost the market growth for ilmenite. Increasing demand for paper and plastics is also expected to contribute to growth of the global ilmenite market. However, increasing concerns about adverse effects of mining activity is expected to retrain growth of the global ilmenite market. Moreover, titanium dioxide is classified as a carcinogen by the International Agency for Research on Cancer (IARC). These factors are expected to hinder the market growth to some extent. Ilmenite was found in Moon rocks. Although mining for commercial purposes is not allowed, key players may focus on research and development through major space agencies. This may help for commercialization of ilmenite, if allowed, in the near future.     

5. Market Outlook Owing to the rapidly expanding textile and leather industries, the Asia Pacific region is expected to account for a significant market share. Furthermore, the growing production of fabrics such as silk and nylon in countries such as India and China is adding to the demand for acid dyes in this region. Some of the manufacturers based in Europe and North America are shifting their manufacturing base to Asia Pacific. Europe is expected to witness a considerably slower growth owing to strict regulations by environmental agencies in the region. For instance, production of Acid Red 128, has been banned in Europe owing to the toxic intermediaries used in its manufacturing process. However, growing awareness and preference for ecofriendly products is expected to positively impact the market growth in the region. Asia Pacific holds dominant position in the global ilmenite market and is expected to maintain its dominance during the forecast period. This is owing to presence of major sources of ilmenite in the region. Ilmenite is found in eastern coast and western coast of Australia and in India. The market is also expected to be the fastest growing market, owing to significant growth in the paints and coating industry in countries such as India and China.

6. Key Players • Key players operating in the global ilmenite market include, Shanghai Yuejiang Titanium Chemical Manufacturer Co., Ltd., Jiangxi Jinshibao Mining Machinery Manufacturing Co., Ltd., Abbott Blackstone, and YuchengJinhe Industrial Co., Ltd. • Key Developments:- • In March 2018, Lomon Billions announced to acquire Sichuan Anning Iron and Titanium Co., Ltd, a China based manufacturer of ilmenite and iron concentrate. The acquisition aimed to manufacturing of ilmenite from the combination of Anning and its existing ilmenite operations by Lomon Billions. • In August 2019, The Chemours Company, a titanium technologies, fluoroproducts and chemical manufacturer announced the acquisition of Southern Ionics Minerals, LLC, U.S. based a minerals exploration, mining, and manufacturing company. The acquisition would provide access to high-value ilmenite ore deposits to produce titanium dioxide pigments for Chemours Company. • In January 2018, ZakladyChemiczne Police (ZChP), a manufacturer of Titanium dioxide entered into agreement with Norway’s Titania, which is engaged into exploration, mining and supplying of ilmenite. Under this agreement the Norway’s Titania would supply ilmenite to ZakladyChemiczne Police.

7. Request Sample Report • Request Customization • Download PDF brochure • Talk To Analyst • Buy Now • Reference: https://www.coherentmarketinsights.com/ongoing-insight/ilmenite-market-2908

8. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: Customized Market Research Services Industry Analysis Services Business Consulting Services Market Intelligence Services Long term Engagement Model Country Specific Analysis

9. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

10. Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook Linkedin Twitter https://www.coherentmarketinsights.com/