Press release
Titanium Dioxide Market by Manufacturers, Regions, Type and Application, Forecast to 2023
The Global Titanium Dioxide is expected to witness a significant growth of USD 44.954 billion by 2023 with CAGR of 14.28% between 2018 and 2023
Titanium dioxide one of the whitest material on the earth is a naturally occurring oxide of titanium in three forms anatase, rutile and brookite. It has the highest refractive index of all material till found by man including the diamond. Titanium dioxide are used in paints, coatings, plastics, paper, cosmetics, pharmaceuticals, foods and various other applications.
However, Titanium dioxide does not formed in a usable condition in nature. It must be cautiously mined in one of its pure forms, such as rutile, anatase beach sand, and refined into a fine even element size. Increasing in demands of automobile, construction industry and applications of pigments in various industries is likely to drive the global titanium dioxide market growth. On the other hand Environmental regulations such as carcinogenic properties and volatile prices of raw materials are the key factors which can restrain the global titanium dioxide market growth in forecasted period.
Market Highlights:
Titanium dioxide is a white powder that founds naturally. It was first intentionally produced for use as a white pigment in 1923. It is naturally smoky and bright, which makes it useful in coating & paintings for use in rubber, paper, ceramics, paints, textiles, and cosmetics. It is also UV-resistant, which makes it effective in pigments that are likely to be exposed to considerable light, as well as for sunscreens. It is used in an extensive variety of personal care products, including color cosmetics.
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Regional Analysis:
The global titanium dioxide market is classified on the basis of mixed geographic segmentation which involves regions such as America, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific Titanium dioxide market is largest market owing to robust industry growth of application industry in China, Japan and India. Asia Pacific titanium dioxide market size is likely to witness highest gains over the forecast period. Positive stance on end-use industries such as automotive and construction industry, and others in countries like China & India is predict to drive demand. In addition, in Australia, the titanium dioxide market on the basis of application has been segmented into dyes, paper, plastics, paints, rubber, pure titanium metal & welding rods, and others. Above all dyes & paints segment is anticipated to be the leading segment in the titanium dioxide market.
Europe holds the second position in global titanium dioxide market due global volume share and will witness growth on account of rising need for cosmetic products in Germany, Italy, France and UK. Urbanization, higher spending power and growing awareness regarding appearance and grooming are expected to propel cosmetic industry in the region thereby driving the industry over the forecast period. North American hold third position in global titanium dioxide market the consumption has decreased remarkably during the last years, due to the decrease application of coatings consumption. Paint and coatings remains the largest outlet, accounting for highest share of consumption.
Key Players:
DuPont (US), Tronox Limited (US), CRISTAL (Saudi Arabia), The Chemours Company Chemours (US), NL Industries, Inc (US), Shandong Doguide Group Co., Ltd (China),Argex Titanium Inc. (North America), Huntsman International LLC. (US), Evonik Industries (Germany), Tayca Corporation (Japan).
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