Global Titanium Dioxide (TiO2) Market Size, Share & Trends to 2025 - A $28.19 Billion Opportunity, Driven by the Rise in Demand for Paints & Coatings - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Apr 10, 2019--The “Titanium Dioxide (TiO2) Market Size, Share & Trends Analysis Report By Application (Paints & Coatings, Plastics, Pulp & Paper, Cosmetics), By Region (North America, Europe, APAC, MEA, CSA), And Segment Forecasts, 2019 - 2025” report has been added to ResearchAndMarkets.com’s offering.
The global titanium dioxide market size is expected to reach USD 28.19 billion by 2025 registering a CAGR of 8.7%.
Rise in demand for paints & coatings due to expanding construction and automotive sectors across the globe will augment the TiO2 market growth over the forecast period. Growing automotive industry due to technological advancements in the sector coupled with rising demand for lightweight vehicles has also contributed to the industry expansion.
Lightweight materials used in the automotive industry contain specific amounts of carbon fiber, which is cost- and fuel-efficient as it helps reduce the carbon footprint. These materials are malleable, remolded, and reshaped, which results in low-cost production. These factors are expected to boost the market growth in the next few years. The photovoltaic method converts solar energy into direct current electricity using materials such as TiO2 and amorphous silicon. Energy generated from the solar PV is considered as sustainable energy and renewable source making it cost-effective.
The demand for electricity is increasing rapidly with the rising world population. In developing countries like China, India, Indonesia, and Malaysia, the demand for energy conservation is high due to urbanization and industrialization. Increasing demand for sustainable energy sources is expected to have a positive impact on the market in the next couple of years. Titanium dioxide particles have wide application scope due to their high stability, photocatalytic properties, and anti-corrosive nature and are manufactured from anatase. They are used in consumer products, such as sunscreens, and as components for articulating implants for the hip and knee.
These nanoparticles are also used as catalyst in semiconductor photocatalysis, water treatment plants, and as a photoactive material in nanocrystalline solar cells. Other applications in self-cleaning tiles, textiles, windows, and anti-fogging car mirrors are expected to support the market growth over the forecast period. However, dust particles of the product are grouped under 2B carcinogens by IRAC. Thus, stringent regulations are projected to have a negative impact on the market growth.
Further key findings from the study suggest:
- In terms of revenue, paints & coatings is anticipated to be the largest application segment reaching at USD 16.4 billion by 2025.
- On the other hand, the plastics application segment is anticipated to register the highest CAGR of 9.3% from 2019 to 2025.
- Asia Pacific is anticipated to be the largest and fastest-growing regional market over the next few years.
- In terms of revenue, Middle East & Africa is also anticipated to witness a lucrative growth due to rising number of construction projects in the region.
- Some of the key companies in the global titanium dioxide market are Cristal Global; Kronos Worldwide, Inc.; Huntsman Corp.; The Chemours Company; and Tronox Limited.
Key Topics Covered
Chapter 1 Methodology & Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 List of Data Sources
1.4 Information Procurement
1.5 Information Analysis
1.6 Market Formulation & Data Visualization
1.7 Data Validation & Publishing
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmental Outlook
2.3 Competitive Insights
Chapter 3 Titanium Dioxide Market Variables, Trends & Scope
3.1 Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.4 Regulatory Framework
3.5 Market Dynamics
3.6 Titanium Dioxide Market - Business Environment Analysis
3.7 Market Entry Scenario
Chapter 4 Titanium Dioxide Market: Application Estimates & Trend Analysis
4.1 Application Movement Analysis & Market Share, 2015 & 2025
4.2 Paints & Coatings
4.4 Pulp & Paper
Chapter 5 Titanium Dioxide Market: Regional Estimates & Trend Analysis, by Application
5.1 Regional Movement Analysis & Market Share, 2015 & 2025
5.2 North America
5.4 Asia Pacific
5.5 Central & South America
5.6 Middle East & Africa (MEA)
Chapter 6 Titanium Dioxide Market-Competitive Analysis
6.1 Key Global Players & Recent Developments & Their Impact on the Industry
6.2 Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
6.3 Vendor Landscape
6.4 Company Market Positioning
Chapter 7 Company Profiles
7.1 E. I. du Pont de Nemours and Company
7.2 Tronox Limited
7.4 The Chemours Company
7.5 NL Industries Inc.
7.6 Argex Titanium Inc.
7.7 Huntsman Corporation
7.8 Evonik Industries
7.9 Tayca Corporation
7.10 Kish Company Inc.
7.11 Lanka Mineral Sands Limited
7.12 Alchemy Heavy Metals Pvt. Ltd.
7.13 Iluka Resources Limited
7.14 Ishihara Sangyo Kaisha Ltd.
7.15 Venator Materials Corporation
For more information about this report visit https://www.researchandmarkets.com/r/qhcd6k
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Related Topics:Electronic Chemicals,Paints and Coatings
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 04/10/2019 10:43 AM/DISC: 04/10/2019 10:43 AM