Global Titanium Slag Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Titanium Slag Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Titanium slag is one of the main feedstock types for TiO2 manufacture. Titanium slag is the slag formed by the concentration of titanium oxide (including TiO2, Ti3O5, Ti2O3, etc.) and other impurities and oxides, and the iron is separated in the form of elemental. The method of enrichment by electric furnace smelting is commonly referred to as titanium slag.

Market Overview:

The latest research study on the global Titanium Slag market finds that the global Titanium Slag market reached a value of USD 2908.23 million in 2022. It’s expected that the market will achieve USD 5062.89 million by 2028, exhibiting a CAGR of 9.68% during the forecast period.

Challenges

The use of open furnace feeding process, resulting in serious pollution, high thermal radiation, bad operating environment.1) exhaust gas and dust pollution -.The furnace gas overflows from the periphery of the electrode and directly discharges the air without any dust removal and purification measures, resulting in large dust in front of the furnace, serious air pollution and poor operating environment for workers.2) high thermal radiation. Because of the open furnace, the operating site temperature is high, the furnace heat loss is large.3) noise pollution. An electrode produces a lot of noise pollution in reaction smelting. Backward open furnace will lead to environmental pollution, and the technology is not good enough.
The titanium slag industry relies heavily on raw materials, and the companies that can grab market share are all based on owning mines. The barriers to new entrants are relatively high, while the existing enterprises will improve the market share and develop more advanced production and refining technologies in the future, and will conduct horizontal or vertical integration of the acquisition, leading to fierce competition in the industry.
Titanium slag is a kind of slag with high melting point. Titanium slag melt has the characteristics of strong corrosion, high conductivity and sharp increase of viscosity when it is close to the melting point temperature. In addition, with the change of composition, these properties have also changed significantly. Therefore, the smelting process of titanium slag is different from that of ferroalloy and non-ferrous metal, and the smelting process of titanium slag is more complex than that of ordinary pyrometallurgy. Smelting process conditions are more closely related to the quality of raw materials. The content of non-ferrous impurities in raw materials is very sensitive to the influence of product quality. These reasons may affect the production process of titanium slag and adversely affect product quality and production safety.

Region Overview:

China had the highest growth rate of all regions.

Company Overview:

The top three companies are Rio Tinto, Tronax, Pangang Group Vanadium Titanium & Resources with the revenue market share of 40.26%, 10.96% and 6.89% in 2019.

Rio Tinto plc is an international mining company. The Company has interests in mining for aluminum, borax, coal, copper, gold, iron ore, lead, silver, tin, uranium, zinc, titanium dioxide feedstock, diamonds, talc and zircon.Rio Tinto Group is a multinational mineral and resources group established in 1873. The company also operates coal, iron, copper, gold, diamond, aluminum, energy and other businesses. The group had a pre-tax profit of approximately $ 10.2 billion in 2006 and a turnover of $ 25.4 billion. On August 27, 2007, U.S. antitrust authorities agreed to their acquisition of Alcan. The company is also the world's largest aluminum company. On April 20, 2011, Rio Tinto successfully controlled Australian coking coal company Riversdale Mining Ltd. for $ 4 billion.

Tronox Limited operates mining and inorganic chemistry businesses. The company mines and processes titanium ore, zircon and other minerals, and produces titanium dioxide pigments. Tronox mines trona ore and produces natural soda flour, sodium bicarbonate, caustic soda and other compounds used in the production of household products. The company's main businesses include: pigments, titanium dioxide, ore, mining, zircon, pig iron, titanium slag and titanium ore.

Segmentation Overview:

Among different product types, 86%-90% Content Titanium Slag segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Titanium Pigments segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Titanium Slag market covered in Chapter 3:

TiZir Limited
Pangang Group Vanadium Titanium & Resources
Lomon Billions
Tronox
YunNan XinLIi
Rio Tinto
Zaporozhye Titanium & Magnesium Combine

In Chapter 4 and Chapter 14.2, on the basis of types, the Titanium Slag market from 2018 to 2029 is primarily split into:

≤80% Content Titanium Slag
81%-85% Content Titanium Slag
86%-90% Content Titanium Slag
91%-95% Content Titanium Slag
>95% Content Titanium Slag

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Titanium Slag market from 2018 to 2029 covers:

Titanium Sponge
Titanium Pigments

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)