Oct 07, 2019 (WiredRelease via COMTEX) -- Market Industry Reports (MIR) has published a new deep-dive market assessment study on “Global Titanium Dioxide Market – Analysis and Forecast, 2019–2030.” Intensive research on the market showcases promising growth trajectory of the market. The titanium dioxide market was estimated to be over US$ 14.0 Bn in 2018. It is anticipated to grow at a CAGR 5.2% from 2019 to 2030.
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Few Emerging Market players includes:
The Chemours Company
E. I. du Pont de Nemours and Company
NL Industries, Inc.
Kronos Worldwide Inc.
Argex Titanium Inc.
Titanium dioxide is also called as titanium oxide or titania, it is a naturally occurring oxide derived from ilmenite, rutile, and anatase. Titanium dioxide is mostly used in paints and coatings application due to its anti-corrosive properties, high refractive index and high stability. Rising environmental concerns is leading to stringent emission norms made by various regulatory bodies, which is resulting in, growing demand for lightweight vehicles to increase the fuel efficiency. To meet the rising demand for light weight material titanium dioxide is emerging as a better alternative to conventional coating. As, titanium dioxide increases the stability, durability, scratch resistance and persistence when coated to lightweight materials.
Rising utilization of pigments, growing application of titanium dioxide in chemical fibers, inks and printing rubber and increasing demand for lightweight materials are the major driving factors present in the global titanium dioxide market. However, instability in the prices of raw materials and lack of awareness about benefits associated with titanium dioxide coating are the major limiting factors present in the operating market.
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