June 09, 2020
According to the research report titled ‘Titanium Dioxide Market Size By Process, By Grade, By Product By Application, Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global titanium dioxide market is expected to register significant growth during 2020-2026.
Rising adoption of titanium dioxide in papers, paints and cosmetics applications owing to its whiteness and opacity is a major factor driving the market growth. The product is a white inorganic compound which possess reflective properties, is brightest known pigment, have UV resistance, and can scatter light.
Increasing awareness pertaining to benefits of titanium dioxide in climate change and fighting cancer is further aiding the market expansion. Moreover, technological advancements have resulted in the development of nano sized TiO2, which is further used in numerous applications such as in confectionary, anti-fogging coatings on glass, building facades and as food & pharmaceutical additives.
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As per process type, chloride segment is predicted to expand with a CAGR of 8% during 2020 and 2026. Chloride process of titanium dioxide produces less waste as compared to its counterpart.
In terms of grade, anatase titanium dioxide market segment is expected to grow with a CAGR of 5% during 2020 and 2026.
Based on the product landscape, pigmentary segment is anticipated to showcase a y-o-y growth rate of 7.5% through 2026, primarily due to widespread product usage in paints & coatings industry.
Elaborating on the application spectrum, titanium dioxide market share from textile segment is set to record a 7.5% growth rate between 2020 and 2026, owing to growing popularity of self-cleaning fabrics.
Regionally, Latin America titanium dioxide industry is predicted to expand with a CAGR of 6% during 2020-2026. Increasing construction activities are augmenting the regional demand for titanium dioxide.
The prominent companies operating in global titanium dioxide industry are PRECHEZA a.s., Cinkarna Celje, TAYCA Corp., GRUPA AZOTY, Argex Titanium Inc., Shanghai Jiuta Chemical Co. Ltd., The Kerala Minerals & Metals Ltd., Shanghai Jianghu Titanium White Product Co. Ltd., Parshwanath Dye Stuff Industries, Ishihara Sangyo Kaisha Ltd. (ISK), Travancore Titanium Product Ltd., Kronos, Lomon Billions, Venator Materials PLC (Huntsman Corp.), Tronox Holdings Plc. and The Chemours Co. among others.