Titanium Dioxide (TiO2) Market - Global Analysis and Intelligence Report
The report “Global Titanium Dioxide Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2021” by DecisionDatabases.com covers the analysis of the titanium dioxide market using analytical tools such as Porter’s Five Forces Model. It provides the value chain analysis, market attractiveness analysis, and company share analysis along with key player’s complete profiles.
Titanium dioxide, also known as titania is a naturally occurring chemical, which is extracted from various minerals including rulite, anatase and ilmenite. Titanium dioxide is a neutral chemical with many end users and industrial applications. Growing demand from various industries including paints & coatings, cosmetics, and plastics is expected to drive the titanium dioxide market over the next few years. High purchasing power along with increasing consumption of paints especially in the construction and automotive industry is likely to augment the titanium dioxide industry growth in the near future. In addition, rising usage of cosmetics products is also expected to boost the market demand over the forecast period.
Increasing application of coatings materials for plastics items is anticipated to fuel the demand curve of titanium dioxide uphill. Stringent policies about carbon emission have resulted in usage of lightweight plastics for vehicle manufacturing which in turn will have a positive impact on the titanium dioxide market. However, unfavorable regulations owing to its carcinogenic effect may hinder industry growth in the near future. Various technological innovations are carried out by industry players to overcome this issue.
According to the report the market is segmented by application into plastics, paints & coatings, paper, cosmetics, and others. Cosmetics and paints are major application segments and are expected to grow significantly on account of to its high degree of transparency and refractive index. Other pigment applications include fibers, food colouring and other related application. Growing consumer awareness regarding personal care products and changing lifestyle preferences has propelled the higher consumption of sunscreen and body lotions. Rising demand for titanium dioxide in the manufacturing of sunscreen lotion owing to its high UV light absorption capabilities and a high refractive index is expected to drive the market demand in the near future.
Rising demand for titanium dioxide as a basic ingredient for pigments on account of its high refractive index and brightness is expected to boost market demand over the coming years. Increasing usage of paper and plastics in the packaging industry is also anticipated to have a positive impact on the industry growth. Growing demand of titanium dioxide in ceramic production is expected to open new avenues for the market growth in the near future.
Global market is divided into five regions includes Asia Pacific, Europe, North America, MEA and Latin America. Asia Pacific dominates the global market and is projected to witness significant growth over the forecast period owing to growing cosmetics industries and increasing capital investment especially in the China, India and Singapore. Europe is the fastest growing market and is expected to grow at a considerable rate on account of rising need for skin care products along with growing consumer awareness over the forecast period. North
America market is also anticipated to grow at a substantial rate on account of increasing industrial coatings applications for construction and automotive industries. However, stringent regulation regarding production and usage of the product may hinder the growth over the coming years.
Major industry players include DuPont, Tronox, Henan Billions Chemicals, Cristal, Shandong Dongjia Group, Kronos, CNNC, Huntsman, Hua Yuan Titanium Dioxide co. Ltd., Anhui Annada Titanium Industry Co. Ltd., Jilin Gpro Titanium Industry Co., Pangang Group Vanadium Titanium Co.Ltd., Sichuan Lomon Titanium Industry, Yunnan Dahutong Industry & Trading Co. Ltd., Jiangsu Taibai Group Co. Ltd. And Ningbo Xinfu Titanium Dioxide Co. Ltd.
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