Titanium is known as a transition metal on the periodic table of elements denoted by the symbol Ti. It is a lightweight, silver-gray material with an atomic number of 22 and an atomic weight of 47.90. It has a density of 4510 kg/m3, which is somewhere between the densities of aluminium and stainless steel. It has a melting point of roughly 3,032°F (1,667°C) and a boiling point of 5,948°F (3,287°C). It behaves chemically similar to zirconium and silicon. It has excellent corrosion resistance and a high strength to weight ratio.
The global titanium dioxide (TiO2) market size was valued at USD 13.3 billion in 2015. The market is expected to witness growth at a CAGR of over 8.9% from 2016 to 2025, owing to increasing demand from end-user industries. Market demand has grown by approximately 4-6% on average over the last 18 months (some producers have seen demand increase by up to 9%) and prices for TiO2 pigments have increased by up to 17-18%. Thus, due to demand it is best to invest in this project.
Few Indian major players are as under
· Cochin Minerals & Rutile Ltd.
· Kerala Minerals & Metals Ltd.
· Kolmak Chemicals Ltd.
· Travancore Titanium Products Ltd.
· V V Titanium Pigments Pvt. Ltd.