Press release
Global Titanium Dioxide Market Analysis 2018, Major Key Players Reviews – Chemours Compnay, Dowdupont inc., Kronos Worldwide, Cristal, Huntsman Corp., Evonik Industries, Argex Titanium Inc., Pangang Group Vanadium Titanium & Resources Co.
Global titanium dioxide market is driven by increasing demand for lightweight vehicles, growing global plastic production, surging demand for paints & coatings in construction and other industries. Among these factors increasing demand of lightweight vehicles is expected to have high impact on the global titanium oxide market demand. Owing to stringent regualtions on fuel efficiency by governments and regulatory agencies across the globe, manufacturers are focusing on using lightweight materials in the automobile production. For instance, instead of using metals manufactureres are inclined to use PVC plastics. PVC materials are usually coated with titanium dioxide, in order to enhance the wear resistance, scrathc resistance, and other mechenical properties. As the fuel efficiency standards are getting stringent, expected growing demand for lightweight vehicles will drive the global titanium dioxide market
Titanium dioxide is priominently used in end-use industries namely, paints & coatings, plastics, varnishes, and paper. Among these paints & coatings is the leading end-use industry, acounting for around 50% of the overall consumption of titanium dioxide. Titanium dioxide is an essential ingredient in paint & coatings, as it enhances opaqueness of paints. Growing paints & coatings market, due to increasing construction activities in Asia-Pacific and other developing regions. Moreover, global plastic production is increasing, due to increasiong penetration in various applications namely, consumer goods, automotive, electronics, construction. Titanium dioxide demand is geared with the global plastic production.
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Key Players:
Chemours Compnay, DowDuPont Inc., Kronos Worldwide, CRISTAL, Huntsman Corp., Evonik Industries, Argex Titanium Inc., Pangang Group Vanadium Titanium & Resources Co., Ltd., Yunnan Dahutong Industry & Trading Co., Ltd and Tronox limited.
Industry/ Innovation/ Related News:
Feb 2017: Tronox, a global chemcial manufacturer entered into an agreement to acquire TiO2 business of Cristal. The later is a subsidiary of Tasnee (Saudi Arabia). The resulatant company is estimasted to be the most diversified and integrated producer of titanium oxide, with total production capacity of 1.3 million metric tonnes. This will provide titanium dioxide end-users, a diversified paltfaorm for titanium dioxide products.
Feb 2017: Cathay Industries Australia, an Asutralian manufacturer of iron oxide pigment and Chemours, a global titanium dioxide manufacturter entered an distribution agreement. Former has agreed to distribute th e titanium oxide pigments in the Australia, New Zealand, and pacific Islands. By this move, chemours aiming to strengthen its global presence in order to reamin competitive in the global titanium dioxide market.
Oct 2014: Huntsman Corp., a global leading supplier of oxide pigmnets acquired Rockwood Holding Inc’s Performance additives and titanium dioxide business. The company, beeter its postion in the global titanium dioxide market and broaden its portfolio. Through the acquisition of titanium dioxide, company strengthen its business in specialty chemical market.
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Regional Analysis:
Asia Pacific is the largest market of titanium dioxide due to demand in various applications such as paints, plastics, photo-electrode, pigment, paper, in China region followed by Japan. Asia Pacific is largest consumer of the global titanium dioxide market followed by increasing in the consumption of titanium dioxide market in Europe region. The third largest market of titanium dioxide is North America. Latin America and Middle East also witnessed in growth of titanium dioxide market due to various application such as additives, pigment, paper, cosmetics, and others.
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