Titanium dioxide also known as titania or titanium oxide. It is a naturally occurring oxide obtained from rutile, anatase and ilmenite. Titanium dioxide owing to its high stability, anti-corrosive properties and high refractive index is used in broad range of applications. It finds its application in printing inks, packaging, rubber, construction, chemical fibers and water tanks among others. It is extensively use in paints and coatings application. Rising demand from automotive, construction and cosmetics industries is the major factor driving the growth of the market across the globe. However, due to its high prices and carcinogenic properties the market is highly regulated, which in turn, hampers the market growth to certain extent. Increasing usage of titanium dioxide as a material in solar photovoltaic (PV) is providing new avenues to the manufacturers operating in this market. Increasing application horizon of titanium dioxide is also expected to trigger the market growth in the coming years.
Market Industry Reports (MIR) has published a new report titled "Titanium Dioxide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the global titanium dioxide market was valued at over US$ 14.0 Bn in 2018 and is anticipated to grow at a CAGR of 5.2% from 2019 to 2030. Rising demand from various end use industries such as automotive, construction, plastics, and cosmetics and growing demand for lightweight vehicles are some of the pivotal factors augmenting the market growth.
Major Key Players of the Titanium Dioxide Market are:
Huntsman, The Chemours, Cristal, Tronox Limited, and Kronos Worldwide Inc. are the leading players present in this market. E. I. du Pont de Nemours and Company, Evonik Industries, NL Industries, Inc. and Argex Titanium Inc are some of the other key players present in this market.
Read More @ http://www.sbwire.com/press-releases/titanium-dioxide-market-growth-trends-opportunities-and-forecast-to-2030-huntsman-the-chemours-cristal-tronox-1279893.htm
Market Industry Reports (MIR) has published a new report titled "Titanium Dioxide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the global titanium dioxide market was valued at over US$ 14.0 Bn in 2018 and is anticipated to grow at a CAGR of 5.2% from 2019 to 2030. Rising demand from various end use industries such as automotive, construction, plastics, and cosmetics and growing demand for lightweight vehicles are some of the pivotal factors augmenting the market growth.
Major Key Players of the Titanium Dioxide Market are:
Huntsman, The Chemours, Cristal, Tronox Limited, and Kronos Worldwide Inc. are the leading players present in this market. E. I. du Pont de Nemours and Company, Evonik Industries, NL Industries, Inc. and Argex Titanium Inc are some of the other key players present in this market.
Read More @ http://www.sbwire.com/press-releases/titanium-dioxide-market-growth-trends-opportunities-and-forecast-to-2030-huntsman-the-chemours-cristal-tronox-1279893.htm
Titanium dioxide market is driven by growing demand for lightweight vehicles. Owing to stringent norms related to automotive emission control across the globe, increasing concerns regarding fuel efficiency and reduction in carbon footprint, manufacturers are focusing on reducing the weight of the vehicle. Titanium dioxide is used for coating polycarbonate structures which is used in manufacturing of automobiles. It provides stability, scratch resistance, and durability to the product. Globally flourishing automotive industry is expected to favorably impact the demand for titanium dioxide in the coming years.
Major Applications of Titanium Dioxide Market covered are:
Paints & coatings
Plastic
Pulp & paper
Cosmetics and Others
Major Applications of Titanium Dioxide Market covered are:
Paints & coatings
Plastic
Pulp & paper
Cosmetics and Others
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