Titanium Dioxide Market estimated to rise at a CAGR of 14.28%till 2024

Posted by rohan on October 1st, 2019

Market overview

Titanium dioxide is one of the transparent substances on the earth that is a naturally arising oxide of titanium. It is used in coatings, paints, paper, plastics, cosmetics, foods, pharmaceuticals and various other applications. It has the maximum refractive index of all material until finding by man including the diamond.

The Global Titanium Dioxide market worth has expected to rise at a USD 44.954 Billion by 2024 with CAGR of 14.28% between 2018 and 2024. 

Recent developments

• In July 2016, the Huntsman Company started its new titanium dioxide pigments brand Tioxide TR48. 

Market Drivers and Restrains

Rising Requirement for lightweight vehicles in the automobile industry, rise in per capita consumption of pigments, development in the construction industry are the significant aspects driving this market.

In addition, high popularity for anti-corrosive architectural coatings in the pigments has raised the demand for titanium dioxide.

Strict environmental guidelines, varying raw material prices are the significant features hamper the Titanium dioxide market.

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Report is segmented as

By grade

·      Ilmenite

·      Rutile

By application

·      Paints and varnishes

·      Cosmetic products

·      Paper and Plastics

·      Healthcare and Food Industry

·      Thin Films

 Geographical Segmentation:

Based on geography, the world market is divided under many regions, such as North America, Europe, Asia-Pacific and the Rest of the World. The Asia-Pacific is leading the global Titanium dioxide market.

Key market players:

• I. du Pont de Nemours and Company
• Tronox Limited
• Cristal
• The Chemours Company
• Huntsman Corporation
• NL Industries, Inc.
• Tayca Corporation
• Argex Titanium, Inc.
• Lanka Mineral Sands Limited
• Evonik Industries
• Kish Company, Inc.
• Alchemy Heavy Metals Pvt. Ltd. 

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Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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