Titanium Dioxide Market is Forecasted to Reach US$ 31.24 Billion in 2028, Says Stratview Research

The global titanium dioxide market is projected to witness a growth rate of 5.77% annually from 2023 to 2028, with an anticipated size of US$ 31.24 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global titanium dioxide market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2028: US$ 31.24 billion
Growth (CAGR): 5.77% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Titanium Dioxide Market:

The global titanium dioxide market is segmented based on process type, grade type, product type, application type, and region.

Based on product type - The market is segmented as pigmentary and ultrafine. The pigmentary segment held the largest share of the market in 2022 and is expected to remain dominant during the forecast period. Growing penetration of titanium dioxide as pigments in a wide array of industries such as paints & coatings, printing inks, textiles, and others are the major factors driving the dominance of the segment.

Based on application type - The market is segmented as food, paints & coatings, paper & pulp, textiles, plastics & rubber, cosmetics, printing inks, and others. The paints & coatings segment accounted for a market share of more than 50% in 2022 and is expected to lead the market during the forecast period as well.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/1471/titanium-dioxide-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific accounted for the largest market share of more than 40% in 2022, as well as the fastest-growing market for titanium dioxide during the forecast period, with China, Japan, India, and South Korea being the major countries with lucrative growth opportunities.. This growth outlook is majorly attributed to the following-

• The growth of the market is majorly driven by significant economic development in the regions, the growing disposable income of consumers, and the growing penetration of titanium dioxide in a wide array of industries.
• North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Titanium Dioxide Market Drivers:

Some of the key drivers listed in the report are given below.
Growing construction sector - The global construction industry including both residential and non-residential infrastructure is growing rapidly and is expected to more than double in size between 2020 and 2030. Since titanium dioxide is used in a variety of applications in the construction sector, growth in the global titanium dioxide market is expected with the growing construction sector.

Growing demand from the paints and coatings industry - Titanium dioxide is one of the major components in paints and coatings used in multiple sectors including automotive, consumer goods, etc. The growing demand for paints and coatings from all these sectors is substantially driving the market.

The rapid adoption of ultrafine particles of titanium dioxide in cosmetics - Ultrafine titanium dioxide, also called nanoscale titanium dioxide has excellent transparency, and more effective ultraviolet (UV) scattering and absorbing properties. Ultrafine titanium dioxide when used in various applications in the cosmetics industry, such as creams, loose and pressed powders, eyeshadows, sunscreens, etc. provides flawless effect and better protection against harmful sun rays. Owing to such benefits, more and more cosmetic makers are demanding titanium dioxide.

Stringent regulations across the globe - Governments across the globe are imposing stringent environmental regulations on the use of certain chemicals in paints and coatings that are harmful. This drives the market for titanium dioxide since this is one of the safest and most environmentally friendly components.

Top Companies in the Titanium Dioxide Market:
Stratview Research has identified the following companies as the top market players.
• The Chemours Company
• Venator Material Plc.
• Kronos
• Lomon Billions
• Tronox Holding Plc.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Titanium Dioxide Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Nanoparticle Titanium Dioxide Market: https://www.stratviewresearch.com/2667/nanoparticle-titanium-dioxide-market.html

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This release was published on openPR.