Press release
Titanium Dioxide Market Growth by Key Players: Jianghu Titanium White, Venator Materials PLC (Huntsman Corporation), Cristal ACTiV, The Kerala Minerals & Metals Ltd, Shanghai Jiuta Chemical Co., Ltd., Kronos, Argex Titanium Inc., GRUPA AZOTY, Titanos Grou
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Titanium Dioxide Market Size is likely to witness a healthy growth from 2018 to 2024 owing to proliferation in paint & coatings applications.
Titanium Dioxide is an inorganic bright white compound, used as a vivid colorant in a wide range of products. The main source of titanium dioxide is rutile, anatase, ilmenite and others. It is non-reactive & non-toxic in nature and has lustrous properties which enhances the luminous properties of numerous material. It has refractive index more than diamond, has strong tinting strength, and resistance against UV- rays, heat, light and weather change. Titanium dioxide has myriad application domain such as in paint & coating, paper & pulp, cosmetics, plastics & rubber, chemical reaction, textile, etc.
Paint & coating industry is deemed to a profitable quotient for titanium dioxide market owing to increase in paint & coating applications in automobile, building & construction, etc. It acts as a whitener which scatter visible light resulting in opaque color and creates reflective, bright quality when applied to a surface. Various government rules for endorsement of non-toxic whitener will surge the market growth.
The use of titanium dioxide in cosmetic industry is also a positive indicator for the growth of the titanium dioxide market due to its application in skincare and makeup products. It is used as a thickener and pigment for creams, and in sunscreen products owing to its transparent and UV absorption characteristics. The primary hindrance in the growth path of market is the high cost and carcinogenic effect of the product.
On application basis, the market is diversified into paints & coatings, paper & pulp, textiles, plastics & rubber, cosmetics, printing inks and others including catalyst, water treatment agent, welding electrode, food colorant, pharmaceuticals, etc. Among all, the global product market is likely to be led by paints & coatings segment owing to high hiding property which protects the material from degradation and reduces inorganic air pollutants such as sulfoxides and nitrogen oxides. The products usage in coating of plastics owing to low scratch resistance will also stimulate the titanium dioxide market growth.
Europe is likely to have substantial growth and will hold major chunk of the titanium dioxide market share due to increasing demand of cosmetic products in Italy, UK, Germany and France. Increase in disposable income and awareness regarding personal grooming will propel the market in next seven years.
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Top key players:
The key participants in the titanium dioxide market are The Chemours Company, Travancore Titanium Product Ltd., Tronox Limited, Kilburn Chemicals, Parshwanath Dye Stuff Industries, Jianghu Titanium White, Venator Materials PLC (Huntsman Corporation), Cristal ACTiV, The Kerala Minerals & Metals Ltd, Shanghai Jiuta Chemical Co., Ltd., Kronos, Argex Titanium Inc., GRUPA AZOTY, Titanos Group, Cinkarna Celje, etc.
Market share calculation in this report is not done based on companies covered in it. The calculation of titanium dioxide market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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