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Titanium Concentrate Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Feb 2021 | 128 Views
 
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Titanium Concentrate Market Analysis 2020-2027:

Titanium is a silver grey, shaded metal found in abundance among all minerals. It has high melting point and offers excellent corrosion resistant properties, heat properties, and strength to weight proportion. Titanium is extracted from ores of IImenite and rutile. Titanium concentrate is produced from removing water from titanium solution. Titanium concentrate is used in various applications, such as water treatment, fuel cell, solar applications, and others, where high surface areas are needed. Furthermore, it possesses high strength, high melting point, high resistance, and others. Titanium products are mostly used in the aerospace industry, owing to their high strength to weight ratio and high temperature properties.

Market scope and structure analysis:

                  Report Metric

                                      Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD), Volume (Kilotons)

  Segments covered

  Type, Application, Industry Vertical

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

Huntsman International LLC, DuPont, Ineos, Iluka Resources Ltd., Sumitomo Chemical Co. Ltd., VSMPO-AVISMA Corporation, Toho Titanium Co. Ltd., RTI International Metals, Allegheny Technologies Incorporated, Titanium Metal Corporation, Tronox Holdings Plc., and IREL (INDIA) Limited

 

COVID-19 scenario analysis:

  • The titanium concentrate industry has been affected, owing to the shutdown of manufacturing operations and decrease in demand from various end users excluding healthcare.
  • The COVID-19 pandemic has disrupted economies, influencing important tasks and prompting a modern calamity.
  • The global titanium concentrate market focuses on geological development, division, and market elements, including drivers, limitations, restraints, and opportunities. 
  • Decrease in air traffic across the globe has decreased the demand for titanium concentrate materials, which, in turn, is expected to affect the market till the first half of 2021. 
  • With the spread of coronavirus, various facilities of end-user industries have stopped working. This followed with the decline in demand for chemical substances used in these facilities.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Titanium has major properties, for example, high elasticity to thickness proportion, high corrosion opposition, weakness obstruction, high split opposition, and others. Titanium concentrate has the capacity to withstand reasonably high temperatures without crawling. These properties make titanium the perfect metal to use in airplanes, covering plating, maritime boats, space specialties, and rockets. Titanium concentrate is utilized in chemical and petrochemical industries due to its solid consumption property. In addition, due to its nontoxic nature, it is utilized in numerous clinical accessories, for example, hip balls, attachments, and dental inserts. 

The key factor that drives the growth of the titanium concentrate market is the easy availability of raw materials. In addition, increase in demand from industries, such as aerospace, automotive, healthcare, and others, fuels the market growth globally. However, stringent regulations on the emission of hazardous waste produced from the manufacturing of titanium concentrate are expected to hinder the growth of the global titanium concentrate market. Increase in demand for titanium concentrate type, such as rutile, and R&D toward eco-friendly manufacturing methods create opportunities for key players to maintain their position in the global market.

Usage and expansion of the market

Titanium concentrates are utilized to create titanium metal and as an added substance of titanium amalgam. Titanium tetrachloride is an inorganic compound utilized in the creation of titanium metal and pigment titanium dioxide. Further, it is mainly utilized in intermediates, colors, plating specialists, and surface treating agents. Titanium sponge is framed when titanium tetrachloride is passed in a vaporous stage over liquid magnesium or sodium. Titanium sponge is utilized in airplane business to make vital motor parts, heat exchangers, and essential motor parts. Ferrotitanium is a ferro-alloy, essentially utilized in steelmaking. By grade, ferrotitanium can be partitioned into two evaluations, the first containing around 35% titanium and the second containing generally 70% titanium. Therefore, ferrotitanium is significantly utilized in steel and tempered steel handling units, paints, varnishes, and military airplanes.

North America and Europe are expected to be the major markets for titanium, driven by the upswing in development of aviation and marine industries. Titanium organizations in Asia-Pacific and Latin America are focusing on innovation due to the product’s favorable properties such as low thickness, high quality, and high resistant to corrosion. Therefore, this has prompted interest for titanium in Asia-Pacific and Latin America. The top producers of titanium concentrates include China, Canada, India, South Africa, Australia, and Ukraine.

Key segments covered:

            Segments

                               Sub-segments

  Type

  • Rutile
  • Ilmenite
  • Leucoxene

  Application

  • Defense
  • Metal Smelting
  • Medical
  • Additives & Coatings
  • Others

  Industry Vertical

  • Aerospace & Marine
  • Automotive
  • Healthcare
  • Energy
  • Construction
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the titanium concentrate market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the titanium concentrate market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the titanium concentrate market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the titanium concentrate market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?

 

 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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