RUTILE MARKET ANALYSIS
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. Moreover, high growth of automobile industry in the recent past has also supported the market growth. Furthermore, easy access and abundant availability of ilmenite, which is used in production of synthetic rutile are expected to drive the market growth during the forecast period.
Market Regional Analysis
Asia Pacific is projected to account for the largest market share in the global rutile market during the forecast period.
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