New York, NY -- (SBWIRE) -- 05/21/2019 -- A new market assessment report on the Titanium dioxide market provides a comprehensive overview of the Titanium dioxide industry for the forecast period 2019 - 2030. The analytical study is proposed to provide immense clarity on the market size, share and growth rate across different regions. The profound knowledge and extensive examination of the trends from the yesteryear and future aims at offering the stakeholders, product owners, and marketing personnel a competitive edge over others operating in the Titanium dioxide market for the forecast period, 2019 - 2030.

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Market Industry Reports (MIR) has published a new report titled "Titanium Dioxide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the global titanium dioxide market was valued at over US$ 14.0 Bn in 2018 and is anticipated to grow at a healthy CAGR during the forecast period of 2019-2030.

Prominent Players in the Market

Kronos Worldwide, Inc., The Chemours Company, Tronox Limited, and Huntsman Corp., are the dominant players operating in this market. Evonik Industries, Cristal and E. I. du Pont de Nemours and Company are some of the other prominent players operating in the market. Partnerships and mergers and acquisitions are the two key strategies adopted by the players present in this market.

Escalating Demand for Lightweight Vehicles

The Titanium dioxide market is driven by a growing demand for lightweight vehicles. Owing to stringent norms related to automotive emission control across the globe, increasing concerns regarding fuel efficiency and reduction in carbon footprint, manufacturers are focusing on reducing the weight of the vehicle. Titanium dioxide is used for coating polycarbonate structures that are used in the manufacturing of automobiles. It provides stability, scratch resistance, and durability to the product. The globally flourishing automotive industry is expected to favorably impact the demand for titanium dioxide in the coming years.

It is widely known that Titanium dioxide or titania has a broad range of applications due to its unique properties like its anti-corrosive properties, high stability, and its high refractive index. It finds its application in printing inks, chemical fibers packaging, rubber, construction, and water tanks; it is also used in coating and painting applications. The broadening usage of titanium dioxide as a material in solar photovoltaic (PV) is giving manufacturers operating in this market a new opportunity.

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Asia Pacific region dominated the market

While considering key terms such as value and volume, The Asia Pacific region is clearly dominating the market and is likely to stay in lead in the years to come. The growing investments in the infrastructure development sector and the increasing construction activities are the major factors that are driving the market in the Asia Pacific region. The European and North American regions are likely to witness huge growth over the forecast period due to factors such as the increasing infrastructural activities in the US and the growing demand for PV installations is another factor supporting the market growth in the Northern American region. The European market is likely to display a growth due to the growth in the automotive sector in France and Germany and the increasing demand from the cosmetic industry.

Growing Demand from the Cosmetics Industry

Surging demand for cosmetics products is another factor driving market growth. The cosmetic market is witnessing growth owing to the rise in the purchasing power of the consumers, and increasing awareness regarding self-grooming. Titanium dioxide is used as a pigment and thickener in face creams. Moreover, owing to its UV absorption characteristics it is also used in sunscreen products. With the growing cosmetic industry, the demand for titanium dioxide is also expected to rise concomitantly.

The report provides answers to the following key points

- What are the market trends influencing the progress of the Titanium dioxide industry worldwide?
- What are the driving forces in the Titanium dioxide market for the forecast period 2019 - 2030?
- What are the major challenges and threats restricting the progress of the industry?
- What is the estimated growth rate and market share and size of the Titanium dioxide market for the forecast period 2019 - 2030?
- Who are the prominent market players and how have they gained a competitive edge over other competitors?
- What opportunities does the market hold for prominent market players?

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