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Titanium Dioxide Market is expected to grow from USD 14.00 Billion in 2019 to USD 22.26 Billion by the end of 2026 at a CAGR of 6.85% - Valuates Reports
Titanium Dioxide Market is expected to grow from USD 14.00 Billion in 2019 to USD 22.26 Billion by the end of 2026 at a CAGR of 6.85%. The huge boom in the construction sector and an increase in residential and non-residential building projects are driving the growth of the titanium dioxide market.Get sample report - https://reports.valuates.com/request/sample/GENC-Chem-4J29/Titanium_Dioxide_Market
Trends Influencing the Growth of Titanium Dioxide Market Share
Paints and Coatings Industry
Titanium dioxide in its crystal form is known as rutile. It is the most widely used white pigment because of its high refraction index leading to better scattering of light particles thus providing more opacity and brightness. Due to its whiteness and opacity, Titanium Dioxide is the most widely used white pigment in paints and coatings.
Automotive Industry
Titanium Dioxide is now being widely used in the automotive industry as well. As the demand for lightweight vehicles and materials go up so will its usage. Titanium Dioxide It is successfully being used in the manufacturing of lightweight materials, efficient brake systems and tires, enhanced engine performance, and anti-microbial automobile interior components. Titanium dioxide market It is expected to rise rapidly during the forecast period.
Cosmetics Industry
Titanium dioxide is used widely in the cosmetics industry as a whitening agent to protect against blemishes and for brightening the skin. This wide application in the cosmetics industry is expected to drive the growth of Titanium Dioxide market. Due to its UV absorbing feature nanoscale Titanium Dioxide is used extensively in sunscreens to help shield the skin from harmful UV rays. Furthermore, it is used in thin coatings of makeup materials to achieve the same desired effect. Also, FDA has approved the usage of Titanium Dioxide around the eye and external use for its UV absorbing properties.
Plastics and Paper Industry
Due to Titanium Dioxide'sits white color pigment, and high brightness and opacity Titanium dioxide it is is the most widely used substance in the paper and plastics. industry further fuelling its growth. It renders whiteness, brightness, and opacity when mixed with plastics thus increasing its usage.
Titanium Dioxide Market Report Analysis
The Asia-Pacific region will hold the dominant market share during the forecast period as key players like India, China and Japan emerge as the biggest markets for titanium dioxide.
The paints and coating industry held the dominant market share based on application and will continue to do so during the forecast period.
The sulfate process segment was the most dominant sector in the market based on the process-based market due to it being simpler and cost-efficient in manufacturing titanium dioxide.
Titanium dioxide Market Segmentation
On the basis of process
Sulfate Process
Chloride Process
On the basis of application
Paints & Coatings
Plastics
Paper
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