Rutile is a mineral composed of titanium dioxide. It is a transparent, tetragonal crystal, available in various colors such as reddish brown, black, golden, or yellow depending upon the source with two four-sided prisms. Rutile is available in abundance in nature with also availability of synthetic rutile. The synthetic rutile is manufactured from ilmenite, which has a 60% concentration of titanium. Moreover, synthetic rutile has an 85% concentration of titanium and is considered as the most preferred source of titanium. Rutile is majorly used for the production titanium by using two major processes namely the chloride process and sulfate process.

Market Outlook

Global rutile market size is projected to expand significantly during the forecast period (2019-2027), owing to increasing demand for titanium around the world. High concentration of titanium in synthetic rutile is expected to boost growth of the market in the near future. Titanium and titanium find application in various industries such as automotive, construction, packaging, and electronics, which is expected to increase the demand for rutile and hence boost the market growth.

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Market Regional Analysis

Asia Pacific is projected to account for the largest market share in the global rutile market during the forecast period. This is owing to high GDP growth and increasing industrialization in emerging economies such as China and India

Major Keyplayers: Shanghai Yuejiang Titanium Chemical Manufacturer Co., Ltd., Jiangxi Jinshibao Mining Machinery Manufacturing Co., Ltd., Abbott Blackstone, and Yucheng Jinhe Industrial Co., Ltd.

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