The global titanium dioxide market is prognosticated to expand at a moderate pace within the forecast period from 2015 to 2023. The market appears to be immensely consolidated owing to the existence of various well-known players in the market. These players account for the maximum share in the global market. Leading firms are investing in the growth of production capacity in order to cope up with the rising demand from end-use sectors. The competition is majorly dependent on quality or product, price, the availability of high-end pigments, and technical service.
CRISTAL, Chemours, Huntsman International, Tronox, and KRONOS Worldwide are some of the leading players in the market. Some or important vendors in the global titanium dioxide market are Evonik Industries, CINKARNA Celje, Grupa Azoty Police, Kemira, Ishihara Sangyo Kaisha, Kilburn Chemicals, Precheza, Louisiana Pigment, and Tayca.
According to a recent report by Transparency Market Research (TMR), the global titanium dioxide market is likely to experience a growth at a speed of 3.7% CAGR within the forecast period from 2015 to 2023. The titanium dioxide market was valued around worth of US$12.18 bn in year, 2014. This value is expected reach around worth of US$16.79 bn by the end of 2023.
Based on application, the market is segmented into paper, paints and coatings, plastics, and others. Among these, paints and coatings segment is foreseen to grow at a whooping pace, leading the global market by 2023. This is so due to high usage of titanium dioxide in making of paints and coatings, along with rise in construction activities. On the basis of geography, the global titanium market is dominated by Asia Pacific region, with highest amount of revenue by the end of 2023. The increased demand for titanium dioxide in the country such as China, along with several key players investing heavily in production facilities in the nation is anticipated to fillip the market demand for titanium dioxide market.
Rise in Construction Industry to Propel Growth in Titanium Dioxide Market
The revamp of the construction sector in developed nations after the financial decline in the past few years is giving a critical push to the titanium dioxide makers. Other than this, the significant growth of the construction industry in developing regions is stirring the development of the global titanium dioxide market. The growing demand for lightweight vehicles, inferable from the rising concerns with respect to dangerous gas emission and tilt towards nature-friendly options, is likewise working in the favor of market growth.
Strict Environmental Regulations to Hamper Market Growth in Coming Years
The spurring growth of the market is blocked by stringent environmental rules and regulations. Unsafe strong and acid wastes produced during the making of titanium dioxide are convincing governments worldwide to mandate strict rules. The effect of this factor is particularly high in developed nations. Be that as it may, in China, makers are embracing various new and other production methods to control the unfavorable impacts caused by titanium dioxide. The approach of such procedures is anticipated to make various development scopes in future for the titanium dioxide market.
- The revamp of the construction sector in developed nations after the financial decline in the past few years is giving a critical push to the titanium dioxide makers.
- The growing demand for lightweight vehicles, inferable from the rising concerns with respect to dangerous gas emission and tilt towards nature-friendly options, is likewise working in the favor of market growth.
This report segments the global titanium dioxide market as follows:
- Titanium DioxideMarket - Application Analysis
- Paints & coatings
- Others (Including artificial fibers, inks, etc.)
- Titanium DioxideMarket - Regional Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- North America
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
7 of 10 large enterprizes view our ToC to take the right decision.View Report ToC