About Titanium Ore Mining
Titanium is a transition metal with a melting point of 3,032°F. The metal is abundant in the Earth's crust and has excellent corrosion resistant property. Ilmenite and rutile are the two major titanium ores.
Titanium has a high strength-to-weight ratio and excellent temperature resistance properties. The aerospace and aviation industry is the prime end-user for titanium. The metal is lighter, and therefore, preferred for manufacturing high-speed aircraft, spacecraft, ships, and electrodes.
Technavio’s analysts forecast the global titanium ore mining market to grow at a CAGR of 4.22% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global titanium ore mining market for 2015-2020.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Titanium Ore Mining Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Titanium Ore Mining Market: The Chemours, Iluka Resources, Rio Tinto, Trimex Sands, and Tronox.
Other Prominent Vendors in the market are: Base Titanium, Yunnan Dahutong Investment Group, Sierra Rutile, Cristal Mining Australia, and Zhongsheng Resources Holdings.
Commenting on the report, an analyst from Technavio’s team said: “The emerging applications of titanium are in large-scale industrial exhausts and anodic spark deposition. These technologies are expected to increase the demand for titanium in the industrial, automotive, marine, and biomechanical sectors. The metal is being preferred in construction applications due to its corrosion resistance properties. Some of the other applications where commercially pure titanium is gaining momentum are heat exchangers, in chemical processes such as chlorine production, and bleaching equipment in pulp and paper plants.”
According to the report, the rising market for lightweight automobiles, owing to the rise in the demand for vehicles that are fuel efficient and emit lower levels of pollutants is anticipated to be one of the key market drivers for titanium dioxide. The paints and plastic industries are anticipated to be the key end-user segments for titanium dioxide during the forecast period. The compound is used to enhance properties such as strength, opaqueness, and color of plastics.
Further, the report states that although titanium is abundant in the Earth's crust, the metal is extremely difficult to refine and purify from its ores. It readily reacts with atmospheric oxygen, hydrogen, and nitrogen at higher temperatures. This high reactivity necessitates sophisticated and costlier purification processes. Fabricating titanium products is also difficult; therefore, it is specially used in applications where alternatives cannot be used.
The Chemours, Iluka Resources, Rio Tinto, Trimex Sands, Tronox, Base Titanium, Yunnan Dahutong Investment Group, Sierra Rutile, Cristal Mining Australia, Zhongsheng Resources Holdings.
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