December 07, 2018: Adroit Market Research published a study titled, “Global titanium dioxide Market Size 2017 By Manufacturing process (Chloride and Sulphate), By Product (Rutile and Anatase), By Application (Paints & coatings, Plastics, Paper, Inks, Specialties and others) and By Region and Forecast 2018 to 2025”. The report consists of global titanium dioxide market trends such as such as drivers, restraints and opportunities. Porter’s Five Forces analysis, PESTEL analysis, and value chain analysis are the analytical tools utilized in the published study in order to gain a better understanding of the global titanium dioxide market. The global titanium dioxide market study provides the market estimates in terms of volume (Kilo Tons) and revenue (USD Million), for a total period of 2014 to 2025. The historic market figures have been provided from 2014 to 2017 and forecast figures from 2018 to 2025. The global titanium dioxide market 2018 gives a holistic view encompassing production, consumption, import and export for key regions and countries.
The global titanium dioxide market size is projected to reach USD 29.86 billion by 2025 owing to the rapid demand growth of titanium dioxide pigment, which is used in paints, coatings, plastics and other industrial applications. The increase in per capita consumption of titanium dioxide pigments in emerging economies such as China, India and Brazil has propelled the growth of global titanium dioxide market.
Titanium dioxide is available in two forms, pigment and nanoparticle. The pigment form is has excellent light-scattering properties in applications which require brightness and white opacity. While, titanium dioxide nanoparticle appears transparent, but provides UV light absorption. The pigment form comprises 98% of the total production and is used widely for lightweight vehicle manufacturing in automobile industry. Growing demand for lightweight vehicles is expected to play an important role in rise of global titanium dioxide market.
Based on the product, the rutile segment has the highest share within the titanium dioxide market. However, anatase segment is expected to grow with a comparatively higher CAGR in the forecast period owing to its increasing demand in paper manufacturing. Also, the demand for anatase grade of titanium dioxide is expected to grow because of its increasing demand in the paints & coatings application from the construction industry resulting in positive impact on the overall titanium dioxide market.
Plastics are the second largest application and contributed approximately 23% to the total titanium dioxide market with an expected growth rate of 9% in the forecast period. Along with its high lightening power and high covering power, it can also enhance the light, heat and weather resistance of plastic products by protecting them from the ultraviolet rays. Hence, due to the ever-increasing demand of plastics coupled with new applications, will have a significant impact on the overall growth titanium dioxide market.
However, pressure from governments to curb pollution may have a little impact on the titanium dioxide market. For instance, one of the major factor that affected the supply, demand and prices in 2016/17 was the unexpected crackdown of Chinese government on pollution. This resulted in closing down of few small and medium sized plants in China.
The global titanium dioxide market is fragmented with large number of players operating in the global and country level. Some of the major key players include Henan Billions Chemicals Co., The Chemours Company, Huntsman International LLC, NL Industries, Inc., Tronox Limited and others. These companies have established their presence in the market owing to continuous R&D activities and their various strategic initiatives.
Key segments of the global titanium dioxide market
Manufacturing process Overview, 2014-2025 (USD million) (Kilo tons)
Product Overview, 2014-2025 (USD million) (Kilo tons)
Applications Overview, 2014-2025 (USD million) (Kilo tons)
- Paints & coatings
Regional Overview, 2014-2025 (USD million) (Kilo tons)
- North America
- Asia Pacific
- Central & south America
Middle-East & Africa