Global Titanium Dioxide Market is Expected to Reach USD 17.12 Billion in 2020
Transparency
Market Research has published a new market report titled "Titanium
Dioxide Market for Paints & Coatings, Plastic, Paper and Other
Applications - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2014 - 2020." According to the report, the global
titanium dioxide market was valued at USD 13.14 billion in 2013 and
is anticipated to reach USD 17.12 billion by 2020, expanding at a
CAGR of 3.8% from 2014 to 2020.
Titanium
dioxide is a white-colored, solid, inorganic material with high
thermal stability and poor solubility. Major raw materials used in
the production of titanium dioxide include mineral sources such as
ilmenite and rutile. Major processes used in the manufacturing of
titanium dioxide include sulfate process and chloride process.
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the full Titanium Dioxide Market Report at
Demand
for lightweight vehicles has increased due to rising demand for
fuel-efficient vehicles. This trend is estimated to continue during
the forecast period. Polycarbonate, a thermoplastic, is used as a
substitute for metal and glass-based automotive parts in lightweight
materials. However, low scratch resistance of polycarbonate has
restrained its market growth. Titanium dioxide is one of the major
coating materials used to coat polycarbonate. Therefore, rising
demand for lightweight vehicles coupled with increasing demand for
polycarbonate has been a major factor driving demand for titanium
dioxide. Demand for titanium dioxide nanoparticles has increased in
the recent times. This is projected to drive growth of the titanium
dioxide market during the forecast period. There has been an increase
in the number of stringent regulations in the titanium dioxide market
due to environmental and health hazards associated with titanium
dioxide. This is one of the major factors hampering demand for
titanium dioxide. Rising demand for coatings in photovoltaic modules
to increase their efficiency is likely to offer high growth
opportunities in the titanium dioxide market.
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Sample Report Copy From here :
Based
on application, demand for titanium dioxide has been segregated into
four major segments: paints & coatings, plastic, paper, and
others. Paints & coatings was the largest application segment for
titanium dioxide in 2013 and accounted for over 50% of the market
share in the same year. This trend is expected to continue during the
forecast period. Plastic is anticipated to be the fastest growing
application segment owing to high growth in end-user industries such
as packaging and automotive. Other application segments include niche
application segments such as artificial fibers and inks.
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Asia
Pacific dominated the global titanium dioxide market with a share of
over 40% in 2013. This trend is estimated to continue during the
forecast period. Asia Pacific is projected to be the fastest growing
region in the next few years due to high growth in several end-use
industries in emerging economies of India and China.
The
titanium dioxide market is consolidated in nature; and the top four
players constituted over 50% of the global market share in 2013.
Major players in the titanium dioxide market include DuPont, Cristal
Global, Kronos Worldwide and Tronox Limited.
This
report segments the global titanium dioxide market as follows:
Titanium
Dioxide Market - Application Analysis
- Paints & coatings
- Plastic
- Paper
- Others (Including artificial fibers, inks, etc.)
Titanium
Dioxide Market - Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World
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