Titanium Dioxide (TiO2) Global Market – Overview
Titanium dioxide (TiO2), also known as Titanium (IV) oxide or Titania, is a naturally occurring oxide of titanium, which after processing, exists as white, powdery solid. Titanium dioxide (TiO2)used as a bright white pigment for paint, varnishes, paper, and plastics. TiO2 is also used in the food industry as a coloring agent or in sunscreens and cosmetics. Alongside this, Titanium dioxide plays an integral role in the production of glass, ceramics, and catalysts and in other industrial uses.
According to a recent study report published by the Market Research Future, the Global Titanium Dioxide is expected to witness a significant growth of USD ~ 44.954 billion by 2023 with a phenomenal rate of CAGR of ~14.28% during 2016 and 2023. It has been predicted that the Global Market Volume to reach by Millions of Tons by 2023.
The Global Titanium Dioxide Market has experienced a significant growth in the recent year and it has been analyzed that the growth rate will continue to boost the market. The key driving factors which have augmented the growth are rising demand of titanium dioxide from the end use industries such as paint & coating, cosmetic, plastics and others. Alongside this, titanium dioxide plays an integral role in manufacturing and production of white pigment. As per the estimation there is about 4.5 million tons of pigment are used annually across the globe. Owing to this factor, the demand of titanium dioxide has increased on a higher rate, states the MRFR
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Titanium Dioxide Market Research Report- Forecast to 2023”
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),
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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.
In fields of paper application it is used in decor paper and foils, and paper & cardboard coatings whereas in ceramic and glass industry it is used in electro-ceramic, vitreous enamels, glazes, welding rods.
Titanium Dioxide (TiO2) Global Market – Synopsis & Scenario
Stringent automobile emission control norms worldwide and concerns regarding fuel efficiency have compelled manufacturers to take measures for reducing vehicle weight considerably, thereby propelling demand for lightweight vehicles. One method of reducing vehicle weight is incorporating polycarbonates as replacement for part of the steel structures used in auto manufacturing. However, polycarbonates suffer from some drawbacks, such as low scratch resistance, which brings titanium dioxide into play. This material is used for coating polycarbonate structures that are further utilized in the auto manufacturing process. Using polycarbonates enables in reducing the weight of a vehicle and consequently enhancing fuel efficiency. Other applications of titanium dioxide in plastics include improving color, strength and opacity.
However, strict environmental regulations create a negative factor that restrains demand for titanium dioxide.
LIST OF TABLES
Table 1 World Population By Major Regions (2015 To 2030) (Billion)
Table 2 Global Titanium Dioxide Market: By Region, 2014-2023 (USD Billion)
Table 3 North America Titanium Dioxide Market: By Country, 2014-2023 (USD Billion)
Table 4 Europe Titanium Dioxide Market: By Country, 2014-2023 (USD Billion)
Table 5 Asia-Pacific Titanium Dioxide Market: By Country, 2014-2023 (USD Billion)
Table 6 RoW Titanium Dioxide Market: By Country, 2014-2023 (USD Billion)
Table 7 Global Titanium Dioxide By Application Market: By Regions, 2014-2023 (USD illion)
Table 8 North America Titanium Dioxide By Application Market: By Country, 2014-2023
Table 9 Europe Titanium Dioxide By Application Market: By Country, 2014-2023
Table10 Asia-Pacific Titanium Dioxide By Application Market: By Country, 2014-2023
List of Figures
Figure 1 Global Titanium Dioxide Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis Of Global Titanium Dioxide Market
Figure 4 Value Chain Of Global Titanium Dioxide Market
Figure 5 Share Of Global Titanium Dioxide Market In 2014, By Country (In %)
Figure 6 Global Titanium Dioxide Market, 2015-2023, (Usd Billion)
Figure 7 Sub-Segments Of Types
Figure 8 Global Titanium Dioxide Market Size By Types, 2015
Figure 9 Share Of Global Titanium Dioxide Market By Types, 2012 To 2023
Figure 10 Global Titanium Dioxide Market Size By Application, 2015
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