Summary

Global Titanium Dioxide Market is expected to grow at a significant rate of 6% during the forecast period. Titanium dioxide is an inorganic compound or white powdered chemical substance which is used to create white pigmentation as the compound has a bright appearance. In recent years, titanium dioxide is used in various industries such as semiconductor material, paints & coatings, adhesives, paper, plastics and rubber, printing inks, coated fabrics and textiles, as well as ceramics, floor coverings, roofing materials, cosmetics, toothpaste, soap, water treatment agents. In addition, titanium dioxide is used as a pigment in paints and coatings used in the construction and automotive industries, where they are used to design and coat automotive products, make printing inks, and as flooring and roofing materials. Hence, the high demand for titanium dioxide in various applications is a leading factor in this market's expansion across the globe. Major companies in the market are launching new variants of titanium dioxide for pharmaceutical applications. For instance, JRS PHARMA launched the new Titanium Dioxide -Free tablet coating for ready-to-use coating with the use of other products such as palm oil, synthetic colors, and genetically modified ingredients.

Tronox Limited, Argex Titanium Inc., Tayca Corporation, Venator Materials PLC, The Chemours Company, KRONOS WORLDWIDE INC, Huntsman Corporation, Evonik Industries AG, LB Group Co Ltd, Shandong Doguide Group Co. Ltd. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst grade, Rutile grade category is to witness higher CAGR during the forecast period”
Based on grade, the market is segmented into rutile and anatase. The rutile grade category is to witness higher CAGR during the forecast period owing to the advanced characteristics compared to anatase titanium dioxide. As rutile grade possesses better hiding strength and wearability and has various applications such as advanced outside coatings, latex coatings, superior paper coatings, etc. These grades may be synthetic with the use of both chloride and sulfate processes. In addition, rutile grade is used as a service in paint applications for generating white color in plastics and prevents color fading in the paper which is further escalating the growth in the market.

“Amongst process, sulfate to hold a significant share in the market in 2020”
On the basis of process, the market is categorized into sulfate and chloride. Among these, sulfate to hold a significant share of the market in 2020. This is mainly due to the technique being simpler, relatively easy of handling, and cost-green in generating titanium oxide. The growing demand from the automobile and construction industry has brought about excessive consumption of titanium oxide for packages in paints & coatings. Moreover, the development of efficient production equipment and the use of low-grade, environmentally friendly raw materials. Thus, sulfate demand is increasing in the market.

“Amongst application, the paints & coatings category is to witness the highest CAGR during the forecast period”
Based on application, the titanium dioxide market has been classified into paints & coatings, plastics, paper & pulp, cosmetics, and others. The paints & coatings category is to witness the highest adoption of titanium dioxide during the forecast period. This is because paints & coatings provide excellent opacity, high whiteness, durability, and color retention that are used in industries such as architectural coatings, automotive OEM coatings, general industrial finishes, powder coatings, waterborne paints, protective coatings, wood finishes, and other coatings. Thus, the positive impact of using paints & coatings is fueling its demand in the market.

“APAC to hold a significant share in the market”
In 2020, APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to rising investments in infrastructure development projects, expanding urbanization, rising standards of living, and the thriving automotive sector, which are the main drivers of the region's overall growth. In addition, the demand for titanium dioxide from end-user sectors such as the automotive, residential construction, plastic, cosmetics, paints & coatings, and paper industries is also accelerating the market's expansion in the area. The production of titanium dioxide is done by many players in the market by setting up manufacturing plants across the globe. For instance, Lomon Billions Group, the world's third-largest producer of titanium dioxide, has manufacturing facilities in China. The business can produce more than 1.01 million tonnes of titanium dioxide annually.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The Global Titanium Dioxide Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

ページTOPに戻る

Table of Contents