Beach sand deposits are rich in the titanium-iron oxide mineral known as ilmenite. Titanium dioxide pigment grade is produced from ilmenite using the sulfate or chloride methods. Ilmenite can be improved and purified using the Becher process to create rutile, a mineral used in paints, plastics, paper, food, and other products. White titanium dioxide pigment is generally produced using ilmenite. White and pastel paints, white-walled tires, glazed papers, plastics, printed fabrics, and flooring materials like linoleum are also made with it. Rising demand for paints and coatings will therefore probably fuel the growth of the ilmenite market. The global ilmenite sector is also anticipated to grow as demand for paper and plastics rises. However, it is anticipated that growing worries about the detrimental consequences of mining activities will restrain the expansion of the global ilmenite market. Furthermore, titanium dioxide has been classified as a carcinogen by the International Agency for Research on Cancer (IARC). These limitations are expected to have a variety of effects on market expansion.
The size of the worldwide Ilmenite Market is anticipated to grow in the next years and post a substantial CAGR of 4.2% from 2019 to 2027.
Key Companies in the Ilmenite Industry
1. Shanghai Yuejiang Titanium Chemical Manufacturer Co., Ltd.
Shanghai Yuejiang Titanium Chemical Manufacturer Co., Ltd. was founded in 2003 and headquartered in China, Shanghai, Baoshan. It operates in Beijing and China.
2. Jiangxi Jinshibao Mining Machinery Manufacturing Co., Ltd.
Jiangxi Jinshibao Mining Machinery Manufacturing Co., Ltd. was founded in 1985 and headquartered in Ganzhou city, Jiangxi Province, China . It operates from Ganzhou.
3. Abbott Blackstone
Abbott Blackstone was founded in 1989 and headquartered in Florida, United States. It operates in Asia, South America, India, Sri Lanka and Europe.
4. Yucheng Jinhe Industrial Co., Ltd.
Yucheng Jinhe Industrial Co., Ltd. was founded in 2003 and headquartered in Zhengzhou, Henan. It operates in over 60 countries.
*Definition: The mineral ilmenite has the idealized chemical formula FeTiO 3. It is a steel-gray or black, weakly magnetic solid. Ilmenite, which is also an important source of titanium, is the primary source of titanium dioxide, which is used in paints, printing inks, textiles, plastics, paper, sunscreen, food, and cosmetics.
