Ilmenite Market Size - By Type, Application, Product, Analysis, Share, Growth Forecast, 2025- 2034

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.

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 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.