03-Sep-2019 | Zion Market Research
Zion Market Research has published a new report titled “Titanium Dioxide Market By Grade (Rutile and Anatase) and By Application (Paints & Coatings, Pulp & Paper, Plastics, Cosmetics, Ink, Food Additives, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global titanium dioxide market was USD 11.98 billion in 2018 and is expected to reach around USD 18.13 billion by 2025, growing at a CAGR of 6.1% between 2019 and 2025.
Titanium dioxide or TiO2, a white, opaque natural mineral, is also called titania. This is among the most important minerals, which is a rutile and natural anatase that is available in a number of crystalline forms. These natural forms of oxide can be exploited and used as a commercial titanium source. Generally, titanium dioxide is absorbent and odorless in nature.
Browse the full “Titanium Dioxide Market By Grade (Rutile and Anatase) and By Application (Paints & Coatings, Pulp & Paper, Plastics, Cosmetics, Ink, Food Additives, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/titanium-dioxide-market
The titanium dioxide market is expected to observe rapid growth over the forecast time period, owing to the increasing applications of titanium dioxide in cosmetic products across the globe. In the cosmetic industry, titanium dioxide is used in various products like balms, shampoos, lotions, soaps, creams, lipsticks, and hair dyes. Moreover, titanium dioxide is also used in sunscreen products and often in combination with chemical UV-filters. Additionally, the rising applications of titanium dioxide in printing inks are projected to boost the titanium dioxide market growth in the upcoming years. Titanium dioxide is used in lamination, flexographic, UV-cured, screen printing, and metal decorative inks. However, the stringent environmental regulations on titanium dioxide and price volatility of raw materials are likely to hamper the titanium dioxide market.
The titanium dioxide market is fragmented on the basis of grade and application. The grade segment of the titanium dioxide market includes rutile and anatase. In 2018, the rutile segment accounted for a significant share of the titanium dioxide market, due to its versatile properties like higher specific gravity, higher refractive index, and greater chemical stability. It is majorly preferred for key applications of titanium dioxide. Anatase grade is projected to show the highest CAGR in the future. Anatase grade of titanium dioxide is an ideal product for paper production, as it is less abrasive to the papermaking machinery.
By application, the market includes paints and coatings, pulp and paper, plastics, cosmetics, ink, food additives, and others. Paints and coatings dominated the market due to the increasing usage of titanium dioxide in vehicle paints. Titanium dioxide is widely used in automotive paints owing to its brightness and resilience properties.
The Asia Pacific region dominated the titanium dioxide market globally in 2018, due to the high demand for titanium dioxide in various end-user industries, such as cosmetics, plastics, and paints and coatings, growing residential and commercial construction activities, and rising investments in infrastructural development projects across the region. In addition, China holds a significant market share in the region due to its emerging end-use industries.
Some key manufacturers involved in the titanium dioxide market are Huntsman International, The Chemours Company, Kronos Worldwide, Jianghu Titanium White, Argex Titanium, Dow Chemical Company, Evonik, Titanos Group, Henan Billions Chemicals, Tayca Corporation, Cristal, and Tronox.
This report segments the global titanium dioxide market into:
Global Titanium Dioxide Market: Grade Analysis
Global Titanium Dioxide Market: Application Analysis
Global Titanium Dioxide Market: Regional Analysis
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