Ilmenite Market Trends

Ilmenite Market Trends

One of the notable trends driving the market growth is the increasing adoption of eco-friendly mining practices and technologies aimed at reducing the environmental impacts. Several companies are investing in advanced sorting and refining technologies to improve yields and purity while reducing waste and energy consumption. To cite an example, in August 2021, Indian state refiners announced plans to invest $26.96 billion (2 trillion rupees) to boost the oil refining capacity across the country by 20% by 2025.
 

Of late, there has also been a shift towards integrating renewable energy sources, such as solar and wind power in the mining industry to reduce carbon footprints. The growth of new ilmenite deposits and the increasing development in regions including Africa and Southeast Asia are underscoring the high demand for titanium dioxide in various applications. The use of ilmenite for 3D fabrication printing materials and advanced ceramics is further proliferating the market growth.