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Companies In Global Titanium Dioxide Market Embrace Technological Advancements To Stay At Forefront In Market : Fact.MR

12-10-2022 12:28 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact Mr

Companies In Global Titanium Dioxide Market Embrace

expected to grow at a rate of more than 5.35%, reaching US$ 32 Billion in value, concludes a recently published Fact.MR report. As of 2022, the market is expected to be valued at US$ 19 Billion. Due to its high refractive index and light-phobic qualities, titanium dioxide has recently emerged as an efficient coating pigment.

From 2015 to 2021, sales of titanium dioxide expanded at a CAGR of 4%, closing in at a valuation of US$ 18 Billion. Rising infrastructure development activities, together with expanding commercial and residential building, are driving up demand for paints and coatings, accelerating the total titanium dioxide market's growth throughout the forecast period.

๐——๐—ผ๐˜„๐—ป๐—น๐—ผ๐—ฎ๐—ฑ ๐—™๐—ฟ๐—ฒ๐—ฒ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—–๐—ผ๐—ฝ๐˜† ๐—ผ๐—ณ ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ - https://www.factmr.com/connectus/sample?flag=S&rep_id=4641

Significant usage in automobiles will drive sales in the near future. Furthermore, the growing popularity of flexible plastic manufacturing in the packaging industry will propel the market into a successful future. The increasing trend toward hydrometallurgical manufacturing opens up new prospects for titanium dioxide manufacturers looking to increase their profit margins.

๐—ž๐—ฒ๐˜† ๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐˜€ ๐—–๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฒ๐—ฑ ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—ง๐—ถ๐˜๐—ฎ๐—ป๐—ถ๐˜‚๐—บ ๐——๐—ถ๐—ผ๐˜…๐—ถ๐—ฑ๐—ฒ ๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜† ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜

โ€ข ๐“๐ข๐ญ๐š๐ง๐ข๐ฎ๐ฆ ๐ƒ๐ข๐จ๐ฑ๐ข๐๐ž ๐›๐ฒ ๐†๐ซ๐š๐๐ž
Anatase-grade Titanium Dioxide
Rutile-grade Titanium Dioxide

โ€ข ๐—ง๐—ถ๐˜๐—ฎ๐—ป๐—ถ๐˜‚๐—บ ๐——๐—ถ๐—ผ๐˜…๐—ถ๐—ฑ๐—ฒ ๐—ฏ๐˜† ๐—”๐—ฝ๐—ฝ๐—น๐—ถ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป
Titanium Dioxide for Paints & Coatings
Titanium Dioxide for Plastic
Titanium Dioxide for Pulp & Paper
Titanium Dioxide for Cosmetics
Titanium Dioxide for Other Applications

โ€ข ๐—ง๐—ถ๐˜๐—ฎ๐—ป๐—ถ๐˜‚๐—บ ๐——๐—ถ๐—ผ๐˜…๐—ถ๐—ฑ๐—ฒ ๐—ฏ๐˜† ๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa

๐—š๐—ฒ๐˜ ๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ป ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ณ๐—ผ๐—ฟ ๐—ฆ๐—ฝ๐—ฒ๐—ฐ๐—ถ๐—ณ๐—ถ๐—ฐ ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ฆ๐—ผ๐—น๐˜‚๐˜๐—ถ๐—ผ๐—ป๐˜€ - https://www.factmr.com/connectus/sample?flag=RC&rep_id=4641

๐—ž๐—ฒ๐˜† ๐—ง๐—ถ๐˜๐—ฎ๐—ป๐—ถ๐˜‚๐—บ ๐——๐—ถ๐—ผ๐˜…๐—ถ๐—ฑ๐—ฒ ๐—ฆ๐—ฒ๐—ฟ๐˜ƒ๐—ถ๐—ฐ๐—ฒ ๐—ฃ๐—ฟ๐—ผ๐˜ƒ๐—ถ๐—ฑ๐—ฒ๐—ฟ๐˜€

โ€ข Chemours
โ€ข Cristal
โ€ข Huntsman
โ€ข Kronos
โ€ข Lomon-Billions
โ€ข Tronox

๐—ž๐—ฒ๐˜† ๐—ง๐—ฎ๐—ธ๐—ฒ๐—ฎ๐˜„๐—ฎ๐˜†๐˜€ ๐—ณ๐—ฟ๐—ผ๐—บ ๐˜๐—ต๐—ฒ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฆ๐˜๐˜‚๐—ฑ๐˜†

โ€ข Global titanium dioxide market demand to expand 1.7x from 2022-2032
โ€ข By grade, rutile-based titanium dioxide demand to flourish at a 4% value CAGR
โ€ข Over 60% of titanium dioxide sales to flourish across the paints & coatings industry
โ€ข U.S to emerge as an opportunistic market, growing at a 5% value CAGR until 2032
โ€ข China, Japan & South Korea to expand at growth rates of 5.7%, 5.5% & 5.6% respectively
โ€ข U.K to post significant gains, growing at a 4% value CAGR

๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—Ÿ๐—ฎ๐—ป๐—ฑ๐˜€๐—ฐ๐—ฎ๐—ฝ๐—ฒ

The market for titanium dioxide is consolidated to a great extent. Chemours, Cristal, Huntsman, Kronos, Lomon-Billions, and Tronox are the market leaders. These market frontrunners account for more than 60% of the market. Companies are now collaborating with customers to develop enduring pricing based on total company value. In addition, prominent firms are working to improve the manufacturing circuit through capacity growth in order to meet consumer demand. Every year, capacity additions of 200,000 to 300,000 Tons are expected in the market.

โ€ข LB Group announced a CNY 1 billion (USD 157.6 million) investment at the Xiangyang location in January 2022 to build a new 200ktpa titanium dioxide (TiO2) pigment finishing facility. Two TiO2 pigment finishing lines will be constructed, each capable of processing 100ktpa TiO2 pigment intermediate product.

๐—™๐—ผ๐—ฟ ๐—ถ๐—ป-๐—ฑ๐—ฒ๐—ฝ๐˜๐—ต ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—ฎ๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€, ๐—•๐˜‚๐˜† ๐—ก๐—ผ๐˜„ - https://www.factmr.com/checkout/4641

๐— ๐—ผ๐—ฟ๐—ฒ ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€ ๐—”๐˜ƒ๐—ฎ๐—ถ๐—น๐—ฎ๐—ฏ๐—น๐—ฒ

Fact.MR, in its new offering, presents an unbiased analysis of the global titanium dioxide presenting historical demand data (2015-2021) and forecast statistics for the period of 2022-2032.

The study indulges essential insights on the market on the basis of grade (anatase and rutile) and application (paints & coatings, plastic, pulp & paper, cosmetics and others) across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania and Middle East & Africa).

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