Global Titanium Dioxide Market| Growing Adoption of Water-Based Coatings to Augment Growth | Technavio
Jun. 09, 2018
LONDON--(BUSINESS WIRE)--Jun 9, 2018--The global titanium dioxide market is expected to register a CAGR of close to 4% during the period 2018-2022, according to the latest market research report by .
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180609005074/en/
Technavio has published a new market research report on the global titanium dioxide market from 2018-2022. (Graphic: Business Wire)
The most significant factor that will drive the demands for TiO 2 during the forecast period is the rise in global building and infrastructure construction activities. TiO 2 is used as a whitening agent in construction materials, paints, and coatings because of the intensity of its opaque white color. TiO 2 -based paints also resist discoloration under intense heat and UV radiation due to which they are used widely in outer coatings of buildings.
This market research report on the provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio predicts an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the growing adoption of water-based coatings as one of the key emerging trends in the global titanium dioxide market:
Global titanium dioxide market: Growing adoption of water-based coatings
At present, the demand for solvent-based coatings maintains the lead share in the global protective coatings market. However, solvent-based TiO 2 coatings contain volatile chemicals that are hazardous to the human body and the natural environment. This is expected to encourage the adoption of water-based coatings for surface protection. Regulatory authorities in several developed countries are already imposing stringent regulations on solvent-based coatings to limit their use in end products and are favoring water-based coatings that have low to zero volatile organic compound emissions.
“When compared with over solvent-based, water-based coatings also yield various advantages such as improved color-matching ability, faster drying times, and better resistance to environment and weather conditions and variety of chemicals,” says a senior analyst at Technavio for research on specialty chemicals.
Global titanium dioxide market: Segmentation analysis
This market research report segments the global titanium dioxide market into the following applications (paints, plastics, and paper) and key regions (the Americas, APAC, and EMEA).
The paints segment held the largest market share in 2017, accounting for nearly 58% of the market. This application segment is expected to dominate the global market throughout the forecast period.
APAC held the highest share of the global titanium dioxide market in 2017, accounting for a market share of approximately 46%. The market share occupied by this region is anticipated to increase during 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20180609005074/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 06/09/2018 04:55 PM/DISC: 06/09/2018 04:55 PM