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Premium Report Details
Base Year: 2024
Companies covered: 15
Tables & Figures: 165
Countries covered: 18
Pages: 235
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Ilmenite Market
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Ilmenite Market Trends
One of the observed patterns is the use of environmentally sustainable practices in mining of minerals as green building mining techniques are advocated by industries and regulators. Simultaneously, the growth of construction, automotive, and consumer goods industries is resulting in a growing demand for titanium dioxide (TiO2), leading to growing ilmenite demand especially within developing economies.
Perhaps an equally significant trend is the growing use of titanium in aerospace and defense industries which fuels ilmenite consumption, and subsequently the ilmenite demand needed for titanium production. The market for ilmenite is relatively projected to grow at a steady pace. There is a growing global demand for titanium dioxide used in the paints and coatings, plastics, and paper industries, as well as in the aerospace, defense, and automotive industries.