The new report by Expert Market Research titled, ‘Global Titanium Dioxide Market Analysis, Size, Share, Research Report and Forecast 2020-2025’, gives an in-depth analysis of the global titanium dioxide market, assessing the market based on its segments like applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2015-2025)
1. Historical Market Size (2019): 4.6 million metric tons
2. Forecast CAGR (2020-2025): 2.82%
3. Forecast Market Size (2025): 5.2 million metric tons
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The global titanium dioxide market is being driven by the growth of the paints and coatings industry. Paints and coating constitute a large portion of the titanium dioxide consumption. The growing urbanisation, coupled with the increasing per capita income, is expected to aid the growth of the titanium dioxide market. The growing infrastructure projects and the advancements of the automobile sector are predicted to fuel the titanium dioxide market growth over the forecast period. Titanium dioxide is widely used as white pigment owing to its high refractive index and brightness. The rising demand for titanium dioxide in paints, plastics, and packaging sectors is further bolstering the market.
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Industry Definition and Major Segments
Titanium dioxide, also known as titanium (IV) oxide, is the oxide of titanium that occurs in rutile, anatase, and ilmenite. Titanium dioxide is most commonly used in the paints and coating sector. It is used as a white pigment. Titanium dioxide also finds its applications in plastics, papers, and other sectors.
Based on the application, the market can be broadly categorised into:
1. Paints and Coating
By regions, the market is segmented into:
1. North America
3. Middle East and Africa
4. Asia Pacific
5. Latin America
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The adoption of titanium dioxide in nanoparticles has increased the demand for the product in the ceramics industry in the recent years. Titanium dioxide is a flocculent, dispersive agent and whitening agent in coatings and paints industry. In the automotive industry, it is employed as a dispersive agent. The increasing focus on automobile technologies in various countries has helped the usage of titanium-based coatings for the absorption of UV rays. Titanium dioxide is also being used in the paper industry as it enhances the quality of paper by imparting whiteness. It acts as an alternative to calcium carbonate in the pulp and paper industry. These factors are expected to have a positive impact on the market in the coming years.
Key Market Players
The major players in the market are The Chemours Company, Venator Materials PLC, KRONOS Worldwide, Inc., Tronox Holdings plc, Lomon Billions Group, Shandong Doguide Group Co., Ltd., Jinan Yuxing Chemical Co. Ltd., Nanjing Titanium Dioxide Chemical Co., Ltd., and Ningbo Xinfu Titanium Dioxide Co., Ltd. among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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