Titanium Dioxide Market size and Key Trends in terms of volume and value 2021
Deerfield Beach, FL -- (SBWIRE) -- 02/10/2017 -- Titanium dioxide is also known as titanium (IV) oxide or titania. It is the naturally occurring oxide of titanium with chemical formula TiO2. Titanium dioxide is a white colored, solid, inorganic material with high thermal stability and reduced solubility. Titanium dioxide is used as a bright white pigment for paint and coating, in the food industry as a coloring, in sunscreens and cosmetics, and in other industrial uses including adhesives, paper and paperboard, plastics and rubber, cosmetics and pharmaceuticals, water treatment agents and automotive products. Ilmenite, rutile and anatase it is the raw materials use in the production of titanium dioxide. It is sometimes use in producer of self-cleaning ceramics, printing ink, and coating, glass, etc.
Global titanium dioxide market is expected to experience moderate growth over the next few years due to increasing demand from a range of industries including paints & coatings and plastics. Growing demand from lightweight vehicles and expansion in the construction industry is expected to be an important driving factor for the Titanium dioxide market. Titanium dioxide is generally used for coating materials for lightweight plastic including polycarbonates is anticipated to drive the market demand. Stringent environmental regulations are projected to hinder the growth of global titanium dioxide market. However, low scrape resistance connected with polycarbonate is expected to hamper market demand.
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The titanium dioxide market classification based on application and regional segment. On the basis of application, titanium dioxide market has been segmented into paints & coatings, plastic, paper and others. Among the all application segment paints & coatings dominated the titanium dioxide market followed by plastic segment. Titanium dioxide is widely used in paints & coatings applications in various end-user industries. Plastic is also expected to largest segment in Titanium dioxide market. All the market distribution on application has been analyzed based on present and future trends and the market is estimated from 2014 to 2020.
Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, further bifurcation of region on the country level, which include U.S., Germany, UK, France, China, Japan and India.
Asia Pacific was the leading market for titanium dioxide market. Asia pacific was followed by Europe and North America. Increasing automobiles and recovery of the construction industry in North America is expected to trigger the growth of this industry in the regions. Among the all countries, China was the major market for titanium dioxide in terms of production and demand.
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The report covers detailed competitive scenario including the company overviews, financial revenues of the key participants to develop their positions in the global market. There is some major manufacture in the titanium dioxide market such as Chemours, Cristal, Kronos Worldwide Inc., ISK, Lomon, Huntsman Corporation, CNNC HUAYUAN Titanium Dioxide, Tronox Limited, Tayca Corporation and Grupa Azoty.
Titanium Dioxide Market: Application Segment Analysis
Paints & coatings
Titanium Dioxide Market: Regional Segment Analysis
Middle East & Africa
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