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Ilmenite Market Share

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

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Ilmenite Market Share

The growth of the ilmenite industry is significantly influenced by the strategic efforts of key players like Iluka Resources, Rio Tinto, Kenmare Resources, Base Resources, and Tronox Holdings Plc., who are expanding production capacities and exploring new mining opportunities. As global demand for titanium dioxide (TiO2) continues to rise, these companies are investing in advanced extraction and processing technologies to increase the efficiency and sustainability of ilmenite production.

Moreover, the expansion of industrial sectors such as automotive, aerospace, construction, and paints and coatings, where TiO2 is widely used, directly boosts the demand for emissions. The emphasis on environmentally friendly mining practices, including the reduction of carbon emissions and water usage, is another growth factor driving market expansion, as governments and stakeholders push for more sustainable operations.

Additionally, these companies are exploring new geographies for ilmenite extraction, particularly in regions with untapped mineral reserves, further contributing to supply growth and ensuring that market demand is met. As a result, the concerted efforts of these industry leaders are pivotal in shaping the growth trajectory of the market.

Ilmenite Market Companies

Major players operating in the ilmenite industry are:

Base Resources
Devidayal Chemical Industries
Eramet
GMA Garnet
Iluka Resources
Kenmare Resources
Mineral Commodities
Peekay Agencies
Rio Tinto
Salgo Minerals
Sierra Rutile Limited
The Kerala Minerals and Metals
Trimex Sands
Tronox Holdings
V.V. Mineral

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of ilmenite reached USD 9.5 billion in 2024 and is set to grow at a CAGR of over 8% from 2025 to 2034, driven by the rising demand for titanium dioxide (TiO2) in various industries.

The natural ilmenite segment generated USD 9 billion in revenue in 2024, propelled by the increasing demand for TiO2, which is predominantly sourced from natural ilmenite.

The U.S. market was valued at approximately USD 2.7 billion in 2024, led by the increasing demand for TiO2 in key sectors like paints and coatings, plastics, and automotive.

The key players in the industry include Base Resources, Devidayal Chemical Industries, Eramet, GMA Garnet, Iluka Resources, Kenmare Resources, Mineral Commodities, Peekay Agencies, Rio Tinto, Salgo Minerals, Sierra Rutile Limited, The Kerala Minerals and Metals, Trimex Sands, Tronox Holdings, and V.V. Mineral.