Stratview Research publishes a new report titled Titanium Dioxide Market which is segmented by Process Type (Sulfate and Chloride), by Grade (Rutile and Anatase), by Product Type (Pigmentary and Ultrafine), by Application Type (Food, Paints & Coatings, Paper & Pulp, Plastics & Rubber, Cosmetics, Printing Inks, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Market Insights
The titanium dioxide market size was valued at USD 21 billion in 2021 and is likely to grow at a CAGR of 5.81% during 2022-2028 to reach USD 31.24 billion in 2028.
The prime factor that is contributing to the demand for Titanium Dioxide is mainly due to its wide range of applications such as paints, adhesives, coatings, printing inks, ceramics, disinfectants, cosmetics, and others.
COVID-19 IMPACT
The titanium dioxide market was negatively impacted due to the Covid-19 pandemic in the year 2020. There was a complete halt in manufacturing and construction activities resulting from labor shortage and disruption in the supply chain. This majorly affected the demand from various sectors, like paints and coatings, plastics, cosmetics, etc.
What is titanium dioxide?
Titanium dioxide, also known as titania, is a naturally occurring oxide of titanium. The titanium dioxide market is segmented as by process type as sulfate and chloride; by grade as rutile and anatase; by product type as pigmentary and ultrafine; by application type as food, paints & coatings, paper & pulp, plastics & rubber, cosmetics, printing inks, and others.
Global Titanium Dioxide Market Report Segments:
The market is segmented as pigmentary and ultrafine. The pigmentary segment held the larger share of the market in 2021 and is expected to remain dominant during the forecast period. Growing penetration of titanium dioxide as pigments in a wide array of industries such as paints & coatings, printing inks, textiles, and others are the major factors driving the dominance of the segment.
The market is segmented as food, paints & coatings, paper & pulp, textiles, plastics & rubber, cosmetics, printing inks, and others. The paints & coatings segment accounted for a market share of more than 54.4% in 2021 and is expected to lead the market during the forecast period as well.
In terms of regions, Asia-Pacific accounted for the largest market share of more than 41% in 2021, as well as the fastest-growing market for titanium dioxide during the forecast period, with China, Japan, India, and South Korea being the major countries with lucrative growth opportunities. The growth of the market is majorly driven by significant economic development in the regions, the growing disposable income of consumers, and the growing penetration of titanium dioxide in a wide array of industries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Why is this report beneficial?
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
It also offers –
- Market Overview
- Key Manufacturers Profiles
- Market Analysis by Region
- Market Segment by Type
- Market Segment by Application
- Raw Material and Supply Chain
- Other Key Research Findings
All the data compiled by the market experts is the outcome of rigorous primary and secondary research conducted on the market players and reliable sources, including company white papers, journals, press releases, and more.
Key players active in the market –
The following are some of the key players in the Titanium Dioxide Market:
The Chemours Company
Venator Material Plc
Kronos
Lomon Billions
Tronox Holding Plc.
Customization of the report –
At Stratview Research, the market researchers make a note of opportunities, drawbacks/bottlenecks, estimations, and information related to the market using experienced skills and verified methodologies. Our research reports offer an exceptional experience of innovative solutions and outcomes to the users. If required, user can also opt for customization of the report.
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