A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Titanium
Ore Mining Market.
The study, titled “Titanium
Ore Mining Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Titanium,
a compound element, is a radiant transition metal with high strength
and low density. It is silver in color and exhibits high resistance
properties. The aviation and aerospace industries are the key
end-users of this product. Owing to the metal’s light weight, it is
mostly used in space crafts, ships, aircrafts, and electrodes. Its
rising application in anodic spark depositions and large-scale
exhausts is predicted to drive the titanium market over the forecast
period. The titanium ore mining market is projected to expand rapidly
due to the growing demand for pure titanium and its commercial usage
in the marine, industrial, biomechanical, and automotive sectors.
Owing to its high resistance and corrosion property, titanium has
been increasingly preferred in the construction sector for bleaching
equipment in paper & pulp plants, chloride production, and heat
exchangers. Due to the rising environmental concerns across the
globe, titanium oxide has been increasingly employed as an auxiliary
of lead, primarily in the paints industry.
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The
growing use of titanium oxide nanoparticles in high expertise
photovoltaic fittings has been a motivating factor for the titanium
ore mining market. The introduction of geothermal energy technologies
for titanium which displays a higher melting point than steel and its
low maintenance cost are likely to play a crucial role too. Titanium
ore mining process involves the extraction of titanium and
preparation of titanium alloys and compounds for use in various
products.
Data
related to different types of ore that is available in the market
including ilmenite and rutile has been lime lighted in this report.
The former accounted for a major market share in 2016 and is expected
to retain its dominant position over the forecast period. Ilmenite is
a vital ore of titanium, widely used in its natural form and other
related rutile synthetic products. It contains almost half of
titanium oxide, so it can beneficiate titanium concentrates. On the
other hand, rutile is predicted to witness the most promising growth
during the forecast period from 3On the basis 2017 to 2025 owing to
extensive use of the product across various end-users segment. Of
end-user, the titanium ore mining market is segmented into the
aviation, automobile, marine, and others sectors. Aviation held the
leading share in the market in 2016 and is anticipated to retain its
position over the forecast period.
In
addition information related to current market conditions along with
in-depth analysis regarding future growth prospective of all the
above mentioned segments including ore type and end-users across
different regions including Asia Pacific, North America, Europe,
Middle East and Africa (MEA) and Latin America is also highlighted in
this report. Asia Pacific constituted the dominant market share in
2016 and is projected to retain its position over the forecast period
due to rising demand for pigments across the construction &
automotive industries and the presence of emerging economies such as
China and India in this region. North America accounted for a
considerable market share on account of the developed aviation and
automotive sectors. The rising use of titanium in coatings,
additives, and the medical industry propelled the titanium ore mining
market in Europe, led by Germany and the U.K. Middle East &
Africa is estimated to be an emerging region for the titanium ore
mining market over the forecast period.
The
global titanium ore mining market is fragmented in nature with the
presence of large number of market players. Though the market is
dominated by some major players which includes Rio Tinto (U.K.),
Tronox (U.S.), Iluka Resources (Australia), The Chemours (U.S.),
Trimex Sands (India), Yunnan Dahutong Investment Group (China), Base
Titanium Limited (Kenya), Cristal Mining Australia Limited
(Australia), Sierra Rutile Limited (West Africa), and Zhongsheng
Resources Holdings Limited (China).
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to view Sample Report:
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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