The global rutile market is expected to be highly driven by the growing automotive market over the forecast period. Rutile is a mineral that acts as a titanium source. It occurs in various colors such as yellow, black, transparent, golden, opaque material, and reddish depending upon its sources. It has a structure like a tetragonal crystal having two four-sided prisms. It is mainly found with other minerals namely quartz and with several gemstones such as star sapphire. It is also responsible for the asterism effect present in gemstones. It can be obtained in both natural and synthetic ways. Natural rutile has huge availability globally while synthetic rutile can be contrived from ilmenite which is a mineral type used in titanium and titanium dioxide production. The chloride process and sulfate process are the major rutile processing methods widely used in the global environment. The sulfate process is majorly used for rutile processing over other methods. In this process, sulfuric acid is used to react with rutile which gives titanium with some unwanted substance as residue.
Dominant application is titanium extraction owing to which its demand is majorly dependent on the titanium metal coupled with titanium dioxide demand. Therefore, this trend is expected to drive the global demand over the forecast period. Huge titanium oxide demand from various end-use industries such as construction, automotive, packaging, and electronics is expected to further propel the global rutile market growth over the forecast period. Titanium metal and oxide production using rutile processing results into a hazardous waste generation which further results in waste disposal problems and severe environmental effects. The problem is expected to restrain the market over the forecast period. In addition, noxious waste from titanium metal and oxide production forces regional regulatory bodies such as EPA and REACH to limit or control rutile use by complying stringent standards. Such factors are expected to further limit the global market.
The global rutile market is segmented on the basis of application and availability. The application segment is further sub-segmented into plastics & papers, paints, automotive, and coatings. The major application industry holding a major share in the automotive industry. The availability segment is further classified as natural rutile and synthetic rutile. The synthetic rutile sub-segment is further categorized on the basis of the source such as ilmenite. More than the majority of titanium is present in ilmenite and is processed in order to remove unwanted substances present in it. Synthetic rutile is preferred over natural rutile on account of huge titanium concentration.
Asia Pacific was the dominating region with maximum market share and is expected to continue this trend over the forecast period. Emerging economies such as China and India on account of huge industrial investments and increasing disposable income are expected to augment regional market growth over the forecast period. Developing economies namely Middle East & Africa coupled with Central & South America are expected to be a giant opportunity for the market over the forecast period. The slow growth rate is expected in North America and Europe owing to stringent government regulations by EPA and REACH.
Key players involved in the global rutile market are Jiangxi Jinshibao Mining Machinery Manufacturing Co., Ltd., Abbott Blackstone, Yucheng Jinhe Industrial Co., Ltd., and Shanghai Yuejiang Titanium Chemical Manufacturer Co. The market is highly fragmented in nature owing to which companies are facing huge competitiveness among each other. Industry participants are expected to face an environmental challenge such as the need to reduce the environmental impacts associated with rutile processing by reducing its toxicity level. In order to overcome the challenge, companies are expected to focus on research and development related activities that are expected to increase the global market share and strengthen their global network.
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