Rutile Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Rutile Market is segmented by type (natural rutile and synthetic rutile), variety (ilmenorutile, rutilated quartz, sagenite, struverite, and venus hairstone), application (titanium metal, pigment in paints, refractory ceramic, optical equipment, and other applications), and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for revenue (USD million) for all the above segments.

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Rutile Market Size

Rutile Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 4 %

Major Players

Rutile Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Rutile Market Analysis

The Global Rutile Market is projected to register a CAGR of over 4% during the forecast period.

COVID-19 negatively impacted the market in 2020. Considering the pandemic scenario, construction activities were on a temporary halt during the government-imposed lockdown, thus decreasing the consumption of rutile used as a pigment in paints. However, increased demand for construction activities propelled the consumption of rutile post-pandemic.

  • Over the short term, the growing demand for rutile for the production of titanium metal is expected to drive market growth.
  • However, the stringent environmental regulation on the extraction of titanium from rutile is expected to hinder the market's growth.
  • The increasing use of rutile as a large band-gap semiconductor will likely act as an opportunity for the market studied in the coming years.
  • Asia-Pacific region is expected to dominate the market with the largest consumption from countries like China and India.

Rutile Industry Segmentation

Rutile is a mineral that majorly consists of titanium dioxide (TiO2). This mineral is found in metamorphic, sedimentary, and igneous rocks worldwide. It is used in the production of titanium metal. Rutile is crushed into a white powder, which can be used as a pigment in paints for various applications. The rutile market is segmented by type, variety, application, and geography. By type, the market is segmented into Natural Rutile and Synthetic Rutile. By variety, the market is segmented into Ilmenorutile, Rutilated Quartz, Sagenite, Struverite, and Venus Hairstone. By application, the market is segmented into Titanium Metal, Pigment in Paints, Refractory Ceramic, Optical Equipment, and Other Applications. The report also covers the market size and forecasts for the rutile market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

Type
Natural Rutile
Synthetic Rutile
Variety
Ilmenorutile
Rutilated Quartz
Sagenite
Struverite
Venus Hairstone
Other Varieties
Application
Titanium Metal
Pigment in Paints
Refractory Ceramic
Optical Equipment
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Rutile Market Trends

This section covers the major market trends shaping the Rutile Market according to our research experts:

Growing Demand for Rutile from the Production of Titanium Metal

  • Rutile is a titanium oxide mineral with a chemical composition of TiO2. It is found in igneous, metamorphic, and sedimentary rock throughout the world, and rutile also occurs as needle-shaped crystals in other minerals.
  • Additionally, rutile is crushed into a white powder used as a pigment in paints and processed in many products.
  • Rutile includes one of the highest refractive indexes at any known crystal's visible wavelengths and exhibits a particularly large birefringence and high dispersion.
  • Titanium is a silver-gray metal with high corrosion resistance and strength-to-body ratio. It is chemically inert. Titanium metals are mainly used in medical implants and metal coatings.
  • In Europe, approximately 11% of the gross domestic product (GDP) is spent on healthcare. Expenditure on medical technology per capita will be around EUR 284 (~USD 330) in 2021.
  • In 2021, the United States' healthcare spending was valued at about USD 4.3 trillion or USD 12,914 per person, with a growth rate of about 2.7% compared to the previous year and accounted for 18.3% of GDP. Additionally, national health spending is projected to grow at an average annual rate of 5.4% for 2019-28 and to reach USD 6.2 trillion by 2028. Therefore, this will stimulate the market demand for rutile.
  • Therefore, the above factors are expected to significantly impact the market in the coming years.
Rutile Market - Health Expenditures, in USD Trillion, in United States, 2017-2021

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the market for rutile during the forecast period. The increasing demand for rutile from the production of titanium metal and paint pigment, the growing population, and construction activities in developing countries like China and India are expected to drive the demand for rutile in this region.
  • China was leading in the construction industry, with a market size of USD 1,117 billion in 2021. The value-added from this sector was CNY 8 trillion (USD 1.1 trillion) in 2021. Construction grew only 2% in 2021, down from 4% in 2020, as residential real estate developers came under deleveraging reforms. However, constructing new homes is crucial for the nation in many ways. For instance, the demand for housing in major cities increases as more people relocate there for employment.
  • Furthermore, in 2021, approximately 856.5 thousand new dwelling constructions were launched in Japan. This represented an increase of 5 percent compared to the previous year. Additionally, a few upcoming construction projects are likely to drive product demand. Logiport Nagoya project involves the construction of a four-story logistics facility with a floor area of 355,109.45m2 on a 15.7ha area in Nagoya, Aichi. Construction work started in Q1 2022 and is expected to be completed in Q3 2023.
  • The largest producers of rutile are located in the Asia-Pacific region. Tronox Holdings PLC, Iluka Resources Limited, Rio Tinto, East Minerals, and IREL (India) Limited are leading companies in rutile production.
  • According to Global Construction 2030 (published by Global Construction Perspectives and Oxford Economics), Southeast Asia’s construction market is anticipated to exceed USD 1.0 trillion by 2030, which is likely to boost the demand for pigment from the powdered form of rutile.
  • Therefore, the above factors are expected to significantly impact the market in the coming years.
Rutile Market - Growth Rate by Region, 2023-2028

Rutile Industry Overview

The global rutile market is partially consolidated, with only a few major players dominating the market. Some major companies include Tronox Holdings PLC, Iluka Resources Limited, Rio Tinto, East Minerals, and IREL(INDIA) LIMITED, among others (not in any particular order).

Rutile Market Leaders

  1. Tronox Holdings plc

  2. Iluka Resources Limited

  3. Rio Tinto

  4. East Minerals

  5. IREL (India) Limited

*Disclaimer: Major Players sorted in no particular order

Rutile Market Concentration

Rutile Market News

  • November 2022: Rio Tinto and Yindjibarndi Aboriginal Corporation (YAC) have signed an updated agreement to strengthen ties and deliver improved social and economic outcomes for the Yindjibarndi people for generations to come.
  • October 2022: Rio announced that it would modernize the Sorel-Tracy site in Quebec to bolster the supply of minerals controlled by China while reducing emissions at the site by introducing a new smelter technology.

Rutile Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand for Rutile from the Production of Titanium Metal

      2. 4.1.2 Surging Construction Activities in the Asia Pacific

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environment Regulations on the Extraction of Titanium from Rutile

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Value)

    1. 5.1 Type

      1. 5.1.1 Natural Rutile

      2. 5.1.2 Synthetic Rutile

    2. 5.2 Variety

      1. 5.2.1 Ilmenorutile

      2. 5.2.2 Rutilated Quartz

      3. 5.2.3 Sagenite

      4. 5.2.4 Struverite

      5. 5.2.5 Venus Hairstone

      6. 5.2.6 Other Varieties

    3. 5.3 Application

      1. 5.3.1 Titanium Metal

      2. 5.3.2 Pigment in Paints

      3. 5.3.3 Refractory Ceramic

      4. 5.3.4 Optical Equipment

      5. 5.3.5 Other Applications

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 France

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/ Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Iluka Resources Limited

      2. 6.4.2 Tronox Holdings PLC

      3. 6.4.3 East Minerals

      4. 6.4.4 IREL (India) Limited

      5. 6.4.5 Rio Tinto

      6. 6.4.6 V.V Mineral

      7. 6.4.7 TOR Minerals

      8. 6.4.8 Kerala Minerals & Metals Ltd

      9. 6.4.9 Yucheng Jinhe Industrial Co. Ltd

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Use of Rutile as a Large Band Gap Semiconductor

    2. 7.2 Other Opportunities

**Subject to Availability
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Rutile Market Research FAQs

The Rutile Market is studied from 2018 - 2028.

The Rutile Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2022.

Tronox Holdings plc, Iluka Resources Limited, Rio Tinto, East Minerals, IREL (India) Limited are the major companies operating in Rutile Market.

Rutile Industry Report

Statistics for the 2023 Rutile market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Rutile analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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