Pune, India -- (SBWIRE) -- 04/20/2018 -- Regional Analysis:
The Global Titanium Dioxide Market is classified on the basis of mixed geographic segmentation which involves regions such as America, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific Titanium Dioxide Market is largest market owing to robust industry growth of application industry in China, Japan and India. Asia Pacific Titanium Dioxide Market size is likely to witness highest gains over the forecast period. Positive stance on end-use industries such as automotive and construction industry, and others in countries like China & India is predict to drive demand. In addition, in Australia, the Titanium Dioxide Market on the basis of application has been segmented into dyes, paper, plastics, paints, rubber, pure titanium metal & welding rods, and others. Above all dyes & paints segment is anticipated to be the leading segment in the Titanium Dioxide Market.
Europe holds the second position in Global Titanium Dioxide Market due global volume share and will witness growth on account of rising need for cosmetic products in Germany, Italy, France and UK. Urbanization, higher spending power and growing awareness regarding appearance and grooming are expected to propel cosmetic industry in the region thereby driving the industry over the forecast period. North American hold third position in Global Titanium Dioxide Market the consumption has decreased remarkably during the last years, due to the decrease application of coatings consumption. Paint and coatings remains the largest outlet, accounting for highest share of consumption.
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On the other hand a study by the French National Institute for Agricultural Research, recently published in the journal Nature, that Titanium Dioxide nanoparticles are absorbed by the intestine and passed into the bloodstream of animals after oral exposure. Their results causes that chronic oral exposure led to a non-malignant stage of carcinogenesis. However in Australia Titanium Dioxide is an appropriate food additive and has been used in consumer goods for years.
Industry/ Innovation/ Related News
Feb 2017: Tronox, a global chemcial manufacturer entered into an agreement to acquire TiO2 business of Cristal. The later is a subsidiary of Tasnee (Saudi Arabia). The resulatant company is estimasted to be the most diversified and integrated producer of titanium oxide, with total production capacity of 1.3 million metric tonnes. This will provide titanium dioxide end-users, a diversified paltfaorm for titanium dioxide products.
Feb 2017: Cathay Industries Australia, an Asutralian manufacturer of iron oxide pigment and Chemours, a global titanium dioxide manufacturter entered an distribution agreement. Former has agreed to distribute th e titanium oxide pigments in the Australia, New Zealand, and pacific Islands. By this move, chemours aiming to strengthen its global presence in order to reamin competitive in the global titanium dioxide market.
Oct 2014: Huntsman Corp., a global leading supplier of oxide pigmnets acquired Rockwood Holding Inc's Performance additives and titanium dioxide business. The company, beeter its postion in the global titanium dioxide market and broaden its portfolio. Through the acquisition of titanium dioxide, company strengthen its business in specialty chemical market.
Segmentation
The Global Titanium Dioxide Market is majorly segmented on the basis of application, end users and region. Based on application of Titanium Dioxide the market is segmented into paints, coatings, plastics, photo-electrode, pigment, paper, cosmetics, food additives, and others. Based on end user the market segmented into automotive, personal care, pharmaceutical, food & beverages, construction industry, and others and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.
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