TOR Minerals International, Inc., Cochin Minerals and Rutile Limited, lluka Resources Limited, and The Kerala Minerals & Metals Ltd, among others, are the major players in the global synthetic rutile market.
As per the analysis by Expert Market Research, the global synthetic rutile market is being aided by the growth of the rutile market, which is expected to grow at a CAGR of 3.8% in the forecast period of 2022-2027.
The globally increasing manufacturing sector and the tremendous rise in urbanisation and industrialisation are significantly aiding the growth of the market. The rise in demand for synthetic rutile in various industries such as plastic, paper, paint and coating, is bolstering the market growth. Properties of synthetic rutile such as high refractive index, lustre, and strong refraction give it a diamond-like appearance and are bringing more attention towards it by pigment manufacturers. Also, synthetic rutile is considered to be more ethical and economical than its natural counterpart, leading to further growth of the market. The rise in the number of mergers and acquisitions by the key players in the market and the increasing production of titanium are expected to significantly increase the growth of the market in the forecast period.
The Asia Pacific region has contributed significantly to the synthetic rutile market with the growing urbanisation and industrialisation in the region. China, a major producer of titanium metal and titanium oxide, is fuelling the market growth significantly. North America and Europe are also significant regions for the production of synthetic rutile. Countries like Australia and New Zealand are also major producers of titanium and the growing manufacturing sectors in these regions will help the market growth in the forecast period.
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|Headquarters:||Texas, United States|
The company is one of the globally leading producers of speciality mineral products. The company focuses on developing high-value, cost-effective solutions to meet the customer expectations and demands. The company works closely with its customers and has dedicated sales, production and R&D teams committed to serving them.
The company manufactures premium quality synthetic rutile and is India’s largest manufacturer of aqua ferric chloride. The company focused on research and development, which enabled it to come up with innovative ideas and emerge as a leader in the industry. The company started production with a modest capacity of 10000 TPA of Synthetic Rutile and 12500 TPA of Ferric Chloride. Subsequent through innovations and debottle-necking, the company enhanced its production capacity of synthetic rutile to 50,000 TPA, ferric chloride to 30,000 TPA, ferrous chloride to 82,500 TPA and cemox to 20,000 TPA.
lluka Resources is a globally leading mineral sands company with sufficient experience in project development, exploration, mining operations, marketing, processing, and rehabilitation. It is the largest producer of zircon and also a major producer of rutile and synthetic rutile. The products produced by Iluka are used in a vast range of applications in the workplace, at home or in industries. The company has a globally integrated market network with operations in Australia, Sri Lanka, Sierra Leone, and the United States of America.
This company produces very pure rutile grade titanium dioxide pigment and is the only integrated titanium dioxide facility having mineral separation, mining, synthetic rutile, and pigment-production plants. The company also produces synthetic rutile, sillimenite, zircon and illmenite.
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.