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Ilmenite Market Share

Report ID: GMI7406
Published Date: Jun 2024
Report Format: PDF

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Ilmenite Market Share

Eminent players in the ilmenite industry are investing in advanced mining and processing technologies to enhance efficiency and reduce environmental impacts, while ensuring a sustainable supply chain. Strategic partnerships and acquisitions are pursued to expand product availability and market reach. These companies are also focusing on diversifying their product range by producing high purity ilmenite for use primarily in aerospace and medical applications. With an emphasis on R&D activities, they are also developing new titanium dioxide applications to capture emerging markets, thereby strengthening their competitive position.

Ilmenite Market Companies

Major players involved in the ilmenite industry are:

Akzonostrum
Base Resources Limited
Bluejay Mining Plc
Cristal
Eramet
Exxaro Resources
Iluka Resources
Kenmare Resources
Rio Tinto
Sierra Rutile Limited
Toho Titanium Co., Ltd
Trimex Sands
Tronox Limited
V.V. Mineral
Yunnan Dahutong Titanium Industry Co., Ltd.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for ilmenite exceeded USD 8.8 billion in revenue in 2023 and is expected to generate over USD 17.6 billion by the end of 2032, owing to the rising demand for titanium dioxide (TiO2) in various industries.

The natural ilmenite market is slated to record 8% CAGR during 2024-2032, favored by the rising demand for sustainable materials.

Asia Pacific industry size exceeded USD 1.9 billion in 2023 and is expected to grow at 8.7% CAGR during 2024-2032, driven by an expanding automotive sector.

Bluejay Mining Plc, Cristal, Eramet, Exxaro Resources, Iluka Resources, Kenmare Resources, and Rio Tinto among others.