Titanium Dioxide Market Size Is Expected to Gain Momentum Backed by Increasing Demand|Titanium Dioxide Industry Share, Growth Rate, Demand and Forecast

The global titanium dioxide (TiO2) market size is expected to gain momentum backed by increasing demand for quality infrastructural projects owing to rapid urbanization across the globe. Fortune Business Insights, publishes the information, in its upcoming report, titled "Titanium Dioxide (TiO2) Market Size, Share & Industry Analysis By Grade (Rutile, Anatase), By End-use Industry (Paints & coatings, Plastic, Pulp & Paper, Cosmetics, Others) Others and Regional Forecast, 2019-2026." The report further observes that the market is witnessing considerable demand from industries such as cosmetics, paper & pulp, plastics, and paints & coatings during the forecast period.

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Titanium dioxide (TiO2) is generally odorless and absorbent that is widely adopted as a pigment for imparting opacity and whiteness to the materials. It is used as an opacifying and bleaching agent in various porcelain enamels that enables them to exhibit properties such as hardness, brightness, and acid resistivity. Owing to its unique properties, TiO2 is ideally favored in several different applications such as paints, and plastics, among others. Additionally, they also serve the purpose of insulators and are insoluble in water.

What does the Report Include?

The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will affect market growth. The report provides insights into the regional analysis that covers the different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaborate that will contribute to the growth of the market between 2019 and 2026. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.

DRIVING FACTORS

Increasing Focus on Renovation of Buildings to Favor Growth

Rapid Urbanization and high disposable income amongst the population is driving the demand for renovation and construction activities across the globe. The favorable government policies to promote the renovation of damaged, old and defective buildings is anticipated to bode well for the global titanium dioxide (TiO2) market growth during the forecast period. In addition to this, growing infrastructural projects owing to an increasing population worldwide is likely to drive the market in the forthcoming years. Growing investments in quality infrastructural projects and the majority of the population turning towards urban cities are propelling the demand for construction activities that will favor market growth.

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REGIONAL INSIGHTS

The advent of Residential & Commercial Projects in Asia Pacific to Surge Demand

Among all regions, the market in Asia Pacific is expected to witness significant growth and hold the highest global titanium dioxide (TiO2) market share during the forecast period. This is attributable to the increasing focus on developing residential and commercial projects in countries such as China, Vietnam, India, and the Philippines in the region. For instance, the India Government plans to construct around 100 new airports by 2032 along with other construction projects that will drive the market in Asia-Pacific. On the other hand, North America is anticipated to witness steady growth in the market during the projected horizon. This is ascribable to factors such as the large presence of established production facilities in countries such as the U.S. In addition to this, growing demand from the plastic and cosmetics industry will contribute to the market growth in the region between 2019 and 2026.

COMPETITIVE LANDSCAPE

Aleddra Launching New De-odorization LED Lamp to Strengthen Demand

In March 2020, Aleddra announced the launch of its patented product, a de-odorization lamp that is designed to purify the air by eliminating bacteria and viruses, along with removing bad odors. The lamp includes a fan that draws bad odor and allows it to pass through a ceramic pre-filter which is coated with titanium dioxide, a photocatalyst material. The photocatalyst material further creates a hyperactive oxidation layer that decomposes the bacteria and viruses into carbon dioxide and water, while purifying the air.

List of the Companies Operating in the Market:

Tronox Lomon billions
Cinkarna Celje
Chemours
Venator Materials PLC
KRONOS
Evonik Industries
DOGOIDE Group
GROUP DF
The Kerala Minerals & Metals Ltd.
Argex Titanium Inc.
Among others
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This release was published on openPR.