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Titanium Concentrate Market

Titanium Concentrate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

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.

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.

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

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

Global Titanium Concentrate Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa


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