Zion Research has published a new report
titled “Titanium Dioxide Market for Paints & Coatings, Plastic, Paper and
Other Applications: Global Industry Perspective, Comprehensive Analysis and
Forecast, 2014 – 2020.” According to the report, global demand for titanium
dioxide was valued at USD 13.50 billion in 2014, and is expected to reach USD
17.00 billion in 2020, growing at a CAGR of above 3.5% between 2015 and 2020.
In terms of volume, the global titanium dioxide market stood at 6.00 million
tons in 2014.
Titanium dioxide is a white crystalline powder
that is made up of ilmenite and rutile as main raw materials. Moreover,
titanium dioxide is created from either chloride process or sulfuric acid
referred to as the sulfate process. Other compounds that may be organic and
inorganic in nature can even be added with titanium dioxide to impart
completely different tints. It is abundantly used as a white pigment in paints
and coatings applications.
Browse the full "Titanium Dioxide
Market for Paints & Coatings, Plastic, Paper and Other Applications: Global
Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment,
Trends and Forecast, 2014 – 2020" report at http://www.marketresearchstore.com/report/titanium-dioxide-market-z47024
Global titanium dioxide market is mainly
driven by increasing demand for lightweight vehicles in the automobile industry
especially in the developed countries like US, Germany and France. Secondly,
growing demand for lightweight vehicles has resulted into increase in need of
paints and coatings process. This in turn has been resulted into emergence of
paints and coating industry. Stringent environmental regulations are a major
restraint to growth of the global titanium dioxide market.
The global titanium dioxide market on the
basis of the application is segmented as paints & coating, plastics
industry, paper industry and others (including artificial fibers, inks). The
paints & coatings industry was the largest application segment among the
other segment. Paints and coating application accounted over 50% of the
overall share of the market in 2014. Increasing construction industry is
attributed to the paints and coating application is projected to propel the
titanium demand during forecast period. In addition, plastic industry is one of
the fastest growing applications. The growth is attributed to characteristics
offered by titanium dioxide such as excellent strength, great finishing and
color effects, as well as outstanding opacity of the end-product.
Asia Pacific dominated the global titanium
dioxide market and accounted for over 40% of the total share of the market, in
2014. This trend is estimated to continue throughout the forecast period.
However, Asia Pacific is anticipated as a fastest growing region over
forecasted period as a result of high growth in several end-use industries
especially in emerging economies like India and China. North America was the
second largest region followed by Europe.
Some of the key players in the global titanium
dioxide market include Chemours Company, CRISTAL, Kronos Worldwide INC.,
DuPont, Huntsman, Evonik, Argex Titanium Inc, Pangang Group Vanadium Titanium
& Resources Co., Ltd., Yunnan Dahutong Industry & Trading Co., Ltd and
Tronox limited.
This report segments the global titanium
dioxide market as follows:
Titanium Dioxide
Market: Application Segment Analysis
·
Paints & coatings
·
Plastic
·
Paper
·
Others (Including
artificial fibers, inks, etc.)
Titanium Dioxide
Market: Regional Segment Analysis
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
Japan
o
India
·
Latin America
o
Brazil
·
Middle East &
Africa
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3422 SW 15 Street,Suit #8138
Deerfield Beach,Florida 33442
United States
Toll Free: +1-855-465-4651 (USA-CANADA)
Tel: +1-386-310-3803
Email: sales@marketresearchstore.com
Website: http://www.marketresearchstore.com
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