Oct 01, 2019 (Heraldkeepers) -- Titanium Dioxide Market Overview:
Titanium Dioxide is expected to witness a significant growth of USD 44.954 Billion by 2023.
Titanium dioxide has been in use for decades in diverse industries owing to its non-flammable and thermally stable properties. It's safe-to-use characteristic makes it applicable in diverse sectors. Evolution of titanium nanoparticles has surged the production rate of titanium oxide. This drift is anticipated to propel the growth of global titanium oxide market at CAGR of 14.28% during the forecast period 2018-2023. Market Research Future has projected noteworthy growth insights for titanium dioxide market.
The performance of the chemical industry has bolstered timely due to advanced developments and regional expansion. Extensive application and demand in the automobile and manufacturing sector are expected to drive the growth of the global titanium dioxide market. Rising adoption of titanium dioxide in paints and coatings owing to growing construction projects is expected to stimulate market growth.
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Plastic and cosmetic industries are among the major end-users of titanium dioxide that help the market to flourish. The automobile sector has been under radar owing to emissions and worries about fuel economy; this has forced the auto manufacturers to cut the weight of vehicle. However, increased use of titanium dioxide in lightweight vehicles has encouraged the growth of the global titanium dioxide market.
Titanium Dioxide Industry News:
In May 2019, Voodoo Ride released their new automobile sealant that has been manufactured using nano-technology. This technology includes titanium dioxide as a moisture-repellant and makes it easier to wipe off the water with just one stroke.
Tasnee, Saudi Arabia's second-largest industrial company projected that the cost of the petrochemical around the globe would rise amid China and the United States trade war. Tasnee is one of largest titanium dioxide producer globally. Q2 profit of Tasnee slumped by 25% to $79.1 Million owing to fall of titanium dioxide products and petrochemicals. Earlier in April, Tronox Ltd, a chemical maker acquired domestic and international titanium dioxide business of Cristal, a subsidiary of Tasnee. According to the report, the deal closed with $1.67 Billion in cash and 24% equity.
Titanium Dioxide Market Competitive Players:
The industrial competitors are emphasizing keenly on megatrends that influence the industry to unveil untapped spaces. These key players include DuPont, CRISTAL, Tronox Limited, The Chemours Company Chemours, Argex Titanium Inc., NL Industries, Inc, Tayca Corporation, Shandong Doguide Group Co. Ltd, Evonik Industries, Huntsman International LLC., and Others.
Titanium Dioxide Market Segmentation Analysis:
The global titanium dioxide market is segmented based on application and end-users.
By application, the global titanium dioxide is classified as paints, coatings plastics, paper, photo-electrode, pigment, food additives, cosmetics, and others.
Based on end-users, the global titanium dioxide market is segmented as automotive, food & beverages, personal care, pharmaceutical, construction industry, and others.
Titanium Dioxide Market Regional Analysis:
Region-wise, North America, Asia Pacific, Europe, Latin America, and Middle East & Africa are key markets for titanium dioxide market. Among these global markets, Asia Pacific is the largest market with sturdy demand from end - users' segments such as pharmaceuticals, construction, and automobile. Flourishing manufacturing sector in the region comprise several industrial applications such as paper, plastics, paints, and pigment that drives the demand for titanium dioxide in emerging economies. China tops the list, while Japan closely follows its lead.
Europe is ranked second in the global study of the titanium dioxide market. This is primarily due to the robust automobile industry and remarkable personal care industry. North America stands in the third place with its construction industry to back up the regional need for titanium dioxide market. In the region, the USA and Canada are doing extremely well as they host a large number of market titans. Latin America and Middle East can rely on titanium dioxides applications as additives, pigment, paper, cosmetics, and others.
Titanium Dioxide Market Table Of Contents:
1 Executive Summary
2 Scope Of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview Of Global Titanium Dioxide Market
Titanium Dioxide Market Table Of Contents to be Continue......,