November 15, 2019
According to the latest study titled ‘Global Titanium Dioxide Market: Analysis By Applications (Paints & Coatings, Plastics, Paper & Pulp and Others), By Region, By Country (2018 Edition): Opportunities and Forecast (2013-2023)’ available with Market Study Report LLC, the global titanium dioxide market is estimated to grow with a CAGR of 9% through the year 2023.
Titanium dioxide (TiO?) is a naturally occurring oxide of titanium which is non-toxic and chemically stable. It is sourced from mineral such as ilmenite, rutile and anatase. The product has wide range of applications and is the major raw material for pigments, which is the key factor driving the growth of titanium dioxide market.
The study encompasses details about segmental shares, and expansion strategies adopted by manufacturers. It provides insight about the challenges, drivers, trends, and restraints impacting the market growth. Moreover, it also offers strategic recommendations that can be incorporated by competitors to expand their business footprints.
Based on application spectrum, titanium dioxide market is segmented into plastics, paper & pulp, paints & coatings, and others. The usage of TiO? in cosmetic industry, owing to its application in skincare and makeup products is an important driver for market growth. It is used as pigment and thickener for creams and sunscreen products due to its UV absorption and transparent characteristics.
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Considering the geographical landscape, the global titanium dioxide market is fragmented into four major regions, namely, Europe, North America, APAC and rest of the world, with a key focus on countries like Canada, U.S., France, United Kingdom, China, Germany, India and Japan. As per the report, APAC titanium dioxide market registered the largest regional share in 2017 and is presumed to remain a flourishing region over the forecast period, owing to rising construction sites along with application of titanium dioxide in solar cells and rechargeable batteries.
Some of the vendors that operate in titanium dioxide market are Huntsman, Chemours, Tronox, Kronos, Argex Titanium Inc., Venator, and Lomon Billion.
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