New York, NY, Sept. 05, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Titanium Dioxide Market By Grade (Rutile and Anatase) and By Application (Paints & Coatings, Pulp & Paper, Plastics, Cosmetics, Ink, Food Additives, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global titanium dioxide market was USD 11.98 billion in 2018 and is expected to reach around USD 18.13 billion by 2025, growing at a CAGR of 6.1% between 2019 and 2025.
Titanium dioxide or TiO2, a white, opaque natural mineral, is also called titania. This is among the most important minerals, which is a rutile and natural anatase that is available in a number of crystalline forms. These natural forms of oxide can be exploited and used as a commercial titanium source. Generally, titanium dioxide is absorbent and odorless in nature.
Browse through 71 Tables & 24 Figures spread over 110 Pages and in-depth TOC on “Global Titanium Dioxide Market: Industry Type, Size, Share, Trends, Segments, Analysis and Forecast, 2018–2025”.
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The titanium dioxide market is expected to observe rapid growth over the forecast time period, owing to the increasing applications of titanium dioxide in cosmetic products across the globe. In the cosmetic industry, titanium dioxide is used in various products like balms, shampoos, lotions, soaps, creams, lipsticks, and hair dyes. Moreover, titanium dioxide is also used in sunscreen products and often in combination with chemical UV-filters. Additionally, the rising applications of titanium dioxide in printing inks are projected to boost the titanium dioxide market growth in the upcoming years. Titanium dioxide is used in lamination, flexographic, UV-cured, screen printing, and metal decorative inks. However, the stringent environmental regulations on titanium dioxide and price volatility of raw materials are likely to hamper the titanium dioxide market.
The titanium dioxide market is fragmented on the basis of grade and application. The grade segment of the titanium dioxide market includes rutile and anatase. In 2018, the rutile segment accounted for a significant share of the titanium dioxide market, due to its versatile properties like higher specific gravity, higher refractive index, and greater chemical stability. It is majorly preferred for key applications of titanium dioxide. Anatase grade is projected to show the highest CAGR in the future. Anatase grade of titanium dioxide is an ideal product for paper production, as it is less abrasive to the papermaking machinery.
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By application, the market includes paints and coatings, pulp and paper, plastics, cosmetics, ink, food additives, and others. Paints and coatings dominated the market due to the increasing usage of titanium dioxide in vehicle paints. Titanium dioxide is widely used in automotive paints owing to its brightness and resilience properties.
The Asia Pacific region dominated the titanium dioxide market globally in 2018 and accounted for around 47% of global market share. This can be attributed to the high demand for titanium dioxide in various end-user industries, such as cosmetics, plastics, and paints and coatings, growing residential and commercial construction activities, and rising investments in infrastructural development projects across the region. In addition, China is predicted to contribute the largest share to this regional market, owing to the emerging applications of titanium dioxide in the pulp and paper industry. Additionally, the rising demand for lightweight vehicles in the automobile industry is expected to propel the demand market throughout the forecast period.
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The North American titanium dioxide market is projected to grow significantly in the upcoming years, owing to the increasing applications of titanium dioxide in several regional industries like paints, coatings, plastics, and cosmetics, among others. In 2018, the U.S accounted for the largest market share in the region, followed by Canada, and is also expected to maintain its growth due to the increasing cosmetics applications of titanium dioxide market. Moreover, the growing demand for paints and coatings by the infrastructure sector is likely to enhance the titanium dioxide usage, thereby, propelling the market for titanium dioxide market.
The European titanium dioxide market is expected to grow substantially in the upcoming years, owing to the rising regional demand for cosmetic products and the increasing titanium dioxide demand for automotive coatings, architectural paints, industrial coatings, and coil coatings. Several industries in the region like pulp and paper, cosmetics, and plastics have increased their consumption of titanium dioxide, which, in turn, is propelling the market for titanium dioxide in Europe.
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Latin America and the Middle East and Africa are estimated to grow moderately over the forecast time period in the titanium dioxide market globally, owing to the surging construction and automotive industries in these regions and the rising applications of titanium dioxide in automotive coatings and painting.
Some key manufacturers involved in the titanium dioxide market are Huntsman International, The Chemours Company, Kronos Worldwide, Jianghu Titanium White, Argex Titanium, Dow Chemical Company, Evonik, Titanos Group, Henan Billions Chemicals, Tayca Corporation, Cristal, and Tronox.
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This report segments the global titanium dioxide market into:
Global Titanium Dioxide Market: Grade Analysis
- Rutile
- Anatase
Global Titanium Dioxide Market: Application Analysis
- Paints and Coatings
- Pulp and Paper
- Cosmetics
- Plastics
- Ink
- Food Additives
- Others
Global Titanium Dioxide Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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