Titanium Dioxide is widely used in the paints and coatings for getting brightnePosted by Manik on March 3rd, 2020 Titanium Dioxide Market: SummaryThe Global Titanium Dioxide Market (TiO2) is estimated to reach USD 22.1 Billion by 2025 at a CAGR of 6.7 %, states forencis research (FSR). Titanium dioxide (TiO2) alternatively known titania, is the solid inorganic substance which exists in crystalline form naturally. This is white colored, odorless, non-toxic substance with high opacity that possess ability to absorb ultra violet light and shows high photocatalytic activity. It is used to impart bright white color and doesnot let the color fade for a longer time period. Due to this factors, TiO2 has gained popularity as a crucial component in the catalysis, electronics, photonics, medicine, and many more application areas. Titanium Dioxide Market: Drivers & Restraints Market Drivers: Rise in Demand from Paint and Coating Industry TiO2 is widely used in the paints and coatings for getting brightness as it scatters the light resulting into more whiteness and opacity. The demand for TiO2 is gaining momentum owing to increasing adoption from the paints and coating sector. Increasing demand for specialty paints and varnishes from the automotive sector. Higher adoption of TiO2 based paints for driverless cars to boost the visibility of the detection systems is also favoring the market growth Increasing demand for automotive vehicles in the emerging regions is projected to propel the market growth higher during the forecast period. Increasing Construction Activities Contraction is another sector, which drives the growth of the TiO2. TiO2 is used in the cement owing to emergence of the titanium dioxide-infused concrete and cements, globally. Greater flexural and compressive strength of TiO2 infused cement is boosting its adoption for the commercial and residential infrastructural applications. The increase in spending dedicated for new construction and refurbishment actives, is projected to augment the global market growth in the years to follow. Market Restraints: Occupational Exposure Limits of TiO2 The market for TiO2 is growing at a higher momentum, however, the growth of this market is impacted owing to hazards associated with exposure of TiO2. The Occupational Safety and Health Administration (OSHA) proposed the exposure limit up to 15 mg/m3 for TiO2. Increased exposure of TiO2 through inhalation, skin contact, eye contact by the workers in the manufacturing sector, which has led to number of health issues. Hence, the National Institute for Occupational Safety and Health (NIOSH) proposed the exposure limits of fine titanium dioxide to be 2.4 mg/m3 and 0.3 mg/m3 for ultrafine titanium dioxide. Titanium Dioxide Market: Key Segments
Key Companies Covered
Titanium Dioxide Market: Report Segmentation For the scope of report, In-depth segmentation is offered by Forencis Research Titanium Dioxide Market, by Grade
Titanium Dioxide Market, by Production Technology
Titanium Dioxide Market, by Application
Titanium Dioxide, by Region Asia-Pacific
North America
Europe
Middle East and Africa
South America
About Forencis Research Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”. Contact Us FORENCIS RESEARCH Phone: +1 (720) 306 9020 Email: info@forencisresearch.com For more market research insights, please visit https://www.forencisresearch.com Like it? Share it! More by this author |