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[Ferro-Alloys.com]The global titanium ore mining market to grow at a CAGR of 4.22% during the period 2016-2020.

Global Titanium Ore Mining Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The emerging applications of titanium are in large-scale industrial exhausts and anodic spark deposition. These technologies are expected to increase the demand for titanium in the industrial, automotive, marine, and biomechanical sectors. The metal is being preferred in construction applications due to its corrosion resistance properties. Some of the other applications where commercially pure titanium is gaining momentum are heat exchangers, in chemical processes such as chlorine production, and bleaching equipment in pulp and paper plants.
According to the report, the rising market for lightweight automobiles, owing to the rise in the demand for vehicles that are fuel efficient and emit lower levels of pollutants is anticipated to be one of the key market drivers for titanium dioxide. The paints and plastic industries are anticipated to be the key end-user segments for titanium dioxide during the forecast period. The compound is used to enhance properties such as strength, opaqueness, and color of plastics.
Further, the report states that although titanium is abundant in the Earth's crust, the metal is extremely difficult to refine and purify from its ores. It readily reacts with atmospheric oxygen, hydrogen, and nitrogen at higher temperatures. This high reactivity necessitates sophisticated and costlier purification processes. Fabricating titanium products is also difficult; therefore, it is specially used in applications where alternatives cannot be used.

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• [Editor:Jiang Li Juan ]