Synopsis of Titanium Dioxide Market
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Titanium Dioxide Market size is expected to grow at USD ~51.450 billion by 2023. The market witnessed a significant growth over the forecasted period owing to growing applications such as into paints, plastics, photo-electrode, pigment, paper, cosmetics, food additives, and others.
Titanium dioxide represented by the linear formula as TiO2 and commercially available in two crystal structures i.e. anatase and rutile. Due to its high purity, high specific surface area, good thermal and chemical stability, outstanding catalytic and photo-catalytic efficiency the product is suitable for many photo-catalytic applications, Suitable for the construction of efficient dye-sensitized solar cells, Additive and raw material for ceramic and metal materials as bonding agent, sintering additive, and anatase structure of titanium dioxide also makes it suitable for use as an effective UV filter.
Surge In Demand Of Titanium Dioxide Is Set For Potential Growth In Asia-Pacific Market
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Key Players
Key players of the global titanium dioxide market are
- DuPont (US),
- Tronox Limited (US),
- CRISTAL (Saudi Arabia),
- The Chemours Company Chemours (US),
- NL Industries, Inc (US),
- Shandong Doguide Group Co., Ltd (China),
- Argex Titanium Inc. (North America),
- Huntsman International LLC. (US),
- Evonik Industries (Germany),
- Tayca Corporation (Japan),
- Others.
Segment Analysis
The global titanium dioxide market has been segmented into application and end use industries. On the basis of application, the market has been divided into paints, coatings, plastics, photo-electrode, pigment, paper, cosmetics, food additives, and others. Among these applications paints and coatings have cover the largest market followed by plastics, photo-electrode, pigment, paper, cosmetics, food additives, and others.
Titanium dioxide is the most important white pigment which is used primarily in the coatings industry. It is widely used because it efficiently scatters visible light, thereby imparting whiteness, brightness and opacity when applying into a coating industry. Titanium dioxide used in various type of coating industry such as architectural coating, packaging coating, transportation coating, industrial coating, and others. Above all architectural coating capture the largest titanium dioxide market share followed by industrial coating and packaging coatings.
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Market Highlights
Titanium dioxide is a white powder that founds naturally. It was first intentionally produced for use as a white pigment in 1923. It is naturally smoky and bright, which makes it useful in coating & paintings for use in rubber, paper, ceramics, paints, textiles, and cosmetics. It is also UV-resistant, which makes it effective in pigments that are likely to be exposed to considerable light, as well as for sunscreens. It is used in an extensive variety of personal care products, including color cosmetics.
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