Rutile Market Will Grow At The Highest Pace Owing To Increasing Demand For Titanium Dioxide
Rutile is a naturally occurring oxide of titanium. It is the most common mineral form of titanium dioxide, which is extensively used in paints and cosmetics due to its brightness and very high refractive index. Rutile has a tetragonal crystal structure and mineral class called an oxide.
The Global Rutile Market is estimated to be valued at US$ 9.02 Billion in 2024 and is expected to exhibit a CAGR of 14% over the forecast period 2024 to 2031.
Rutile Market Demand mining and processing are mainly for titanium dioxide production, which is used in paints, plastics, paper, and cosmetics. Titanium dioxide provides brightness and opacity to products and has superior covering power as compared to other pigments. The growth of end-use industries such as paints & coatings, plastics, paper will augment the demand for rutile in the foreseeable future.
Key Takeaways
Key players operating in the rutile market include Adidas AG, Appster, Azumio Inc., Fitbit Inc., FitnessKeeper (RunKeeper), Fooducate, Google LLC, JEFIT Workout Tracker, Kayla Itsines, MyFitnessPal Inc., Nike, Inc., Noom Inc., Polar Electro, Sworkit, and Under Armour, Inc. These players contribute significantly to meeting the global demand for rutile.
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