Titanium Dioxide - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Titanium Dioxide Market is accounted for $17.94 billion in 2020 and is expected to reach $27.33 billion by 2028 growing at a CAGR of 5.4% during the forecast period. Escalating demand for lightweight vehicles owing to strict emission policies, growing paints & coatings industry worldwide, and rising usage of lightweight materials for enhanced safety and fuel-efficiency are driving the market growth. However, volatile product prices and stringent government regulations regarding VoC emission are hampering the growth of the market.
Titanium Dioxide (TiO2) is a white pigment, majorly obtained from raw materials such as ilmenite and rutile mineral sand. These pigments can scatter visible light and impart whiteness, opacity, and brightness and are, therefore, used extensively in the coatings industry. Some of the key properties of TiO2 include excellent whiteness & brightness, color retention, durability, high dispersibility, etc.
Based on the application, the paint and coatings segment is going to have lucrative growth during the forecast period owing to the increasing requirement for paints and coatings in various architectural applications. Also, the high refractive index, non-toxic and inert nature in the outside environment, and high ultraviolet (UV) ray absorbing capacity of the product make it highly sought after in paints and coatings applications. By geography, Asia Pacific is going to have high growth during the forecast period due to the growing commercial and residential construction sector coupled with increasing investments in infrastructure development, high requirement for the compound in various applications of the automotive, construction, manufacturing, and aerospace industries in the region.
Some of the key players profiled in the Titanium Dioxide Market include Venator Materials, Tronox Limited, Iluka Resources, Argex Titanium Inc., NL Industries, Lanka Mineral Sands Ltd, KRONOS WORLDWIDE INC, Kish Company, ISHIHARA SANGYO KAISHA, LTD., Huntsman Corporation, Evonik Industries, DuPont, Cristal Global, The Chemours Company, Alchemy Heavy Metals (Pvt) Ltd. and TAYCA CORPORATION.
• Plastics & Rubber
• Pulp & Paper
• New Research Applications
• Food Additives
• Paint and Coatings
• Printing Inks
End Users Covered:
• Thin Films
• Food & Beverage
• Personal Care
• Waste Water Purification
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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