San Francisco, 29
January, Titanium Dioxide (TiO2) Market Analysis By Application (Paints &
Coatings, Plastics, Paper & Pulp, Cosmetics), By Region (North America,
Europe, Asia Pacific, CSA, MEA), And Segment Forecasts, 2018 – 2025.
The global titanium dioxide market is expected to reach USD 28.5 billion
by 2025, according to a new report by Grand View Research, Inc. The increasing
application scope of the product as specialty coating materials in the
automotive industry and photovoltaic systems is slated to drive the growth of
the market during the forecast period.
The paints & coatings industry has been
witnessing significant growth in recent years, mainly on account of the
increasing consumption in key end-use verticals, including construction,
automotive, aerospace, and energy & power. The growing scope of the product
as whitening pigments in paints & coatings is expected to have positive
impacts on the future growth of the industry.
The growing awareness among
consumers of emerging economies such as the BRICS nations regarding personal
hygiene and care have led to considerable growth of the cosmetics industry. The
growing consumption of the product as UV filter and whitening agent in cosmetic
goods is expected to drive the overall industry growth during the forecast period.
The plastics vertical is
anticipated to witness the highest growth over the forecast period, in terms of
revenue, slated to grow at a CAGR of 9.7%. The performance attributes of the
product including weather ability, whiteness, opacity, and lacing resistance,
play a major role in the quality and effectiveness of plastic commodities.
Access Full Research
Report On Titanium
Dioxide (TiO2) Market Analysis:
Further key findings from the report suggest:
·
The titanium dioxide industry
was estimated at USD 13.21 billion in 2016 and is expected to grow at a
considerable growth rate during the forecast period, mainly driven by the
increasing application scope of the product in plastics, paints & coatings,
and cosmetics industry verticals
·
The plastics segment accounted
for a major share of the industry revenues in 2016, and is expected to witness
the considerable growth of 9.7% over the forecast period, owing to increasing
consumption of the product for improving weatherability and durability of
plastic commodities
·
The demand for titanium dioxide
in paints & coatings applications is expected to grow at a CAGR of 9% over
the forecast period, driven by the use of the product as whitening agent and
the rapid growth of paints & coatings consumption in construction,
automotive, and aerospace verticals
·
Asia Pacific accounted for the
largest share of the overall industry revenues in 2016, and is anticipated to
grow at a fast pace from 2016 to 2025 at a CAGR of 9.6%. This can be attributed
to the rapid growth of the application industries, including paints &
coatings, plastics, and cosmetics in key economies of the region
·
The major industry players are
investing heavily in R&D for the introduction of new cost-effective
manufacturing techniques. For instance, In January 2014, Cristal formed a joint
venture with Toho Titanium Company Ltd., with the objective of producing
titanium sponge at competitive costs and thereby introducing integration across
the value chain.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/personal-care-and-cosmetics
Grand View Research has segmented the
global titanium dioxide market on the basis of application and region:
Titanium dioxide application
outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Paints & coatings
·
Plastics
·
Pulp & paper
·
Cosmetics
·
Others
Titanium dioxide regional
outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
·
CSA
o
Brazil
·
MEA
o
UAE
Access Full Press Release of this Report: www.grandviewresearch.com/press-release/global-titanium-dioxide-market
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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