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Titanium Dioxide Market 2030 Trends by Top Players | Evonik Industries, Cristal, Tronox Limited, NL Industries, Argex Titanium

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Aug 27, 2019 (The Expresswire) -- The global titanium dioxide market was valued at over US$ 14.0 Bn in 2018 and is anticipated to grow at a healthy CAGR during the forecast period of 2019-2030

The global titanium dioxide market is a structured market and is largely governed by prominent players such as

  • Huntsman Corporation

  • The Chemours Company

  • Evonik Industries

  • Cristal

  • Tronox Limited

  • I. du Pont de Nemours and Company

  • NL Industries, Inc

  • Kronos Worldwide Inc

  • Argex Titanium Inc

  • Tayca Corporation

Get FREE Sample Pages with TOC to understand the structure of the complete report @ https://www.marketindustryreports.com/pdf/59

As per Market Industry Reports (MIR) research findings, high demand for titanium dioxide from automotive, construction and cosmetics industries are set to open new avenues for stakeholders.

Increasing environmental concern leads to strict emission policies which lead to high demand for lightweight vehicles to increase the fuel efficiency. Results in, rising the adoption of lightweight materials. These lightweight materials have been coated with titanium dioxide to increase the stability, persistence, durability and scratch resistance. Thus, increasing adoption of lightweight vehicles owing to strict emission policies have been driving the market. Moreover, growing consumption of pigments and increasing application of titanium dioxide in printing rubber, chemical fibers and inks are some of the other factors driving the global titanium dioxide market.

Technological advancements and new product launches have also played a key role in shaping the growth of the titanium dioxide market. Additionally, manufacturers have been expanding the production facilities to increase the manufacturing capacity. For instance, in May 2019, Lomon Billions has launched two new chloride TiO�?? pigment production lines with an investment of about US$ 285 million.

“Manufacturers are more concentrate on development of nanoparticles of titanium dioxide as nano titanium dioxide has various application in paints and coatings, pigments, cosmetics, and plastics,” said Prashant, Senior Analyst, Chemical and Materials at MIR.

MARKET ECOSYSTEM/CLASSIFICATION

By Application

  • Paints and coatings

  • Plastic

  • Pulp and paper

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