Titanium Dioxide Market Size Is Anticipated To Reach USD 32.41 Billion By 2028

 San Francisco, 27 May 2021: The Report Titanium Dioxide Market Size, Share & Trends Analysis Report By Application (Paints & Coatings, Plastics, Pulp & Paper, Cosmetics), By Region (APAC, North America, Europe), And Segment Forecasts, 2021 - 2028

The global titanium dioxide market size is expected to reach USD 32.41 billion by 2028, registering a CAGR of 8.9% over the forecast period, 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 product application scope as whitening pigments in paints & coatings is expected to have a positive impact on the titanium dioxide (TiO2) market growth.

The growing awareness among consumers of emerging economies, such as the BRICS nations, regarding personal hygiene and care has led to considerable growth of the cosmetics industry. The growing consumption of the product as a UV filter and whitening agent in cosmetic goods is expected to drive the overall market during the forecast period.

The plastics vertical is expected to witness the highest growth rate over the forecast period, in terms of revenue. 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 Research Report of Titanium Dioxide Market @ https://www.grandviewresearch.com/industry-analysis/titanium-dioxide-industry

Titanium Dioxide Market Report Highlights

  • The market is mainly driven by the increasing application scope of the product in the plastics, paints & coatings, and cosmetics industry verticals
  • The plastics segment accounted for a significant revenue share in 2020 and is expected to witness the highest growth rate of more than 9% over the forecast period
  • The product demand in paints & coatings applications is expected to grow at a CAGR of 8.3% during the forecast period
  • Asia Pacific was the largest regional market in 2020 due 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, a joint venture was formed by Cristal and Toho Titanium Company Ltd. in January 2014, to produce titanium sponge at competitive costs and thereby introducing integration across the value chain

List of Key Players of Titanium Dioxide (TiO2) Market

  • Du Pont
  • Tronox Ltd.
  • The Chemours Company
  • NL Industries, Inc.
  • Huntsman Corp.
  • Evonik Industries

Access Press Release of Titanium Dioxide Market @ https://www.grandviewresearch.com/press-release/global-titanium-dioxide-market

Comments

Post a Comment

Popular posts from this blog

Asia Pacific PoC Diagnostics Market Growth Opportunities, Industry Analysis And Forecast: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Asia Pacific PoC Diagnostics Market  Analysis And Segment Forecasts To 2020 The Asia Pacific point of care (PoC) diagnostics market is expected to reach USD 5,427.1 million by 2020, according to a new study by Grand View Research, Inc. Growing base of geriatric population and the ability to render immediate results and improve patient care coupled with rising market penetration of PACS (picture archiving and communication systems) and EMR (electronic medical records) are expected to drive demand over the next six years. Skilled staff shortages, especially pertaining to the field of diagnostics are also expected to accelerate the market penetration rates of PoC products, by expediting lab automation processes. Rising demand for home healthcare and other healthcare establishments catering to the elderly population and initiatives undertaken by governments to shorten hospital stays by establishing out-patient care models are also expect
Read more

Food Additives Market Size & Share Hit USD 55.53 Billion By 2022 : Grand View Research Inc.

Image
San Francisco, 17 October 2019:   The Report   Global Food Additives Market   Analysis By Product Flavors & Enhancers (Natural, Artificial), Sweeteners (High Intensity, HFCS), Enzymes, Emulsifiers (Mono, Di-Glycerides, Lecithin, Stearoyl Lactylates, Sorbitan Esters), Shelf-life Stabilizers, Fat Replacers (Protein, Starch)] And Segment Forecast To 2022 Global food additives market is expected to reach USD 55.53 billion by 2022, according to a new study by Grand View Research, Inc. Food & beverage industry growth in BRICS and Middle East on account of rising domestic consumption and increasing foreign direct investments is expected to augment market growth. Asia Pacific is expected to be one of the most promising markets on account of growing domestic consumption in China and India owing to population growth and new product launches by food & beverage manufacturers. Availability of raw materials such as sorbitol and lactic acid in China, Indonesia, and Malaysia in light o
Read more

Integration Platform as a Service Market Valuation Is Expected To Exceed USD 2.70 Billion By 2025: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Integration Platform as a Service (IPaaS) Market  Analysis By Integration Type (API, Process, Application, Data), By Services, By Deployment (Cloud, On-Premise, Hybrid) By Region, And Segment Forecasts, 2018 – 2025 The global integration platform as a service (IPaaS) market is expected to reach USD 2.705.8 million by 2025, according to a new report by Grand View Research, Inc. Rising need of advanced systems to improve the process of deploying, developing, and managing enterprise applications globally has been a major factor driving market growth. In addition, recent developments in big data, cloud computing, and Internet of Things (IoT) within organizations’ processes also paved the way for greater development of IPaaS solutions. Integration Platform as a Service is an emerging technology where in the applications, process, data, and application programs are integrated. The integration enables enterprises to reduce the complexity
Read more