[140 Pages Report] The Global Titanium Dioxide Market is projected to grow from USD 10.64 billion in 2016 to USD 14.12 billion by 2021, at a CAGR of 5.8% from 2016 to 2021. Titanium dioxide is a naturally occurring oxide of titanium. It has the highest refractive index of any material and is one of the whitest materials on earth. When ground into a fine powder, it transforms into a pigment that provides maximum whiteness and opacity. Titanium dioxide pigments are used in paints & coatings, plastics, paper, building materials, cosmetics, pharmaceuticals, foods, and many other commercial products. In this report, 2015 is considered as the base year and the forecast period is from 2016 to 2021.

Market Dynamics

Drivers

Rising demand for lightweight vehicles in automobile industry

Increase in per capita consumption of pigments

Growth in construction industry

Restraints

Stringent environmental regulations

Volatile raw material prices

Opportunities

Development of nanoparticles of titanium dioxide

Challenges

Uncretainty regarding the use of titanium dioxide in food industry

Rising demand for lightweight vehicles in automobile industry drive the titanium dioxide market

Stringent emission control norms and concerns regarding low fuel efficiency have compelled manufacturers to take measures for reducing vehicle weight considerably, thereby, propelling the demand for lightweight vehicles. Vehicle weight can be reduced by substituting steel components that are used in manufacturing vehicles. Polycarbonates can be used as a replacement for steel structures. There are, however, a few drawbacks of polycarbonates such as low scratch resistance. Titanium dioxide is widely used to coat polycarbonate to achieve high scratch resistance. Therefore, the rising need for lightweight vehicles and subsequent increase in demand for polycarbonate has been a major factor driving the market for titanium dioxide.

The following are the major objectives of the study.

To define, describe, and analyze the global titanium dioxide market by grade, application, and region

To forecast and analyze the market size (in terms of value and volume)

To forecast and analyze the size (in terms of value and volume) of different submarkets in Asia-Pacific, Europe, North America, South America, and the Middle East & Africa

To forecast and analyze the market at the country level for each region

To strategically analyze each submarket with respect to individual growth trends and its contribution to the global titanium dioxide market

To analyze opportunities in the market for stakeholders by identifying high growth segments of the global titanium dioxide market

To identify significant market trends and factors driving or inhibiting the growth of the global titanium dioxide market and its submarkets

To analyze competitive developments, such as expansions, agreements, new products launches, and acquisitions in the global titanium dioxide market

To strategically profile the key market players and comprehensively analyze their growth strategies

This technical, market oriented, and commercial research study of the global titanium dioxide market involves extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Businessweek, and Factiva) to identify and collect information. The primary sources mainly include several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to different segments of the supply chain of the industry. After arriving at the overall market size, the total market has been split into several segments. The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during the research study:

To know about the assumptions considered for the study, download the pdf brochure

Raw material suppliers are the first stage of the value chain for titanium dioxide. Different types of raw materials or feedstocks, such as rutile, ilmenite and anatase are used for the production of titanium dioxide. TiO2 is obtained from the raw materials through a series of intermediate processes namely the chloride and the sulfate process. Titanium produced by both the processes is in the form of an intermediate and, thus, can be further processed for other applications. The key manufacturers of titanium dioxide include Kronos Worldwide Inc. (U.S.), Tronox Limited (U.S.), Cristal (Saudi Arabia), Huntsman Corporation (U.S.), and the Chemours Company (U.S.).

Target Audience:

Manufacturers of titanium dioxide

Suppliers of Raw Materials

Investment Banks

Government bodies

Traders and distributors

Research institutes and organizations

Report Scope:

By Grade

Rutile

Anatase

By Application:

Paints & Coatings

Plastics

Paper & Pulp

Cosmetics

Ink

Others

By Geography:

North America

Europe

Asia Pacific (APAC)

South America

Middle East & Africa

Critical questions which the report answers

What are new application areas which the titanium dioxide companies are exploring?

Which are the key players in the market and how intense is the competition?

Available Customizations:

Based on the given market data, MarketsandMarkets offers customizations in the reports as per the client�s specific requirements. The available customization options are as follows:Geographic Analysis

Further country-wise breakdown of the market in APAC based on application

Company Information

Detailed analysis and profiling of additional market players (Up to 5)

The global titanium dioxide market is projected to grow from USD 10.64 billion in 2016 to USD 14.12 billion by 2021, at a CAGR of 5.8% between 2016 and 2021. Both, increase in per capita consumption of pigments in emerging economies and increasing demand for titanium dioxide from construction and automobile industries is expected to fuel the growth of the global titanium dioxide market during the forecast period.

On the basis of grade, the global titanium dioxide market has been classified into rutile and anatase. The Rutile is the most stable form. Rutile titanium dioxide has a higher refractive index, higher specific gravity, and greater chemical stability, as it better suits the requirement of key applications of titanium dioxide. The anatase grade type segment of the global titanium dioxide market is projected to grow at the highest CAGR from 2016 to 2021. Anatase grade titanium dioxide is preferred in the manufacturing of paper, as it is less abrasive to the papermaking machinery. The market in the anatase segment is expected to witness high growth rate during the forecast period because of the increasing demand for the anatase grade of titanium dioxide in the paints & coatings application from the construction industry.

On the basis of region, the global titanium dioxide market has been segmented into Asia-Pacific, Europe, North America, the Middle East & Africa, and South America. The Asia-Pacific region is the largest market for titanium dioxide across the globe. Growing population, coupled with increasing disposable income in the Asia-Pacific region is expected to drive the demand for titanium dioxide in the region. The South America titanium dioxide market is projected to grow at the second-highest CAGR from 2016 to 2021, owing to the rapid growth of the construction sector in the region.

Titanium Dioxide applications in paints & coatings, cosmetics, pulp & paper, and plastics drive the growth of the market

Paints & Coatings

Titanium dioxide is the most important white pigment used in the paints and coatings industries. When used in paint or coating system, it ensures the longevity of the paint and the continued protection of the substrate. Titanium dioxide is used in various paints & coatings applications to provide aesthetic appeal, opacity, and durability. It is used in various architectural and industrial coating applications. In architectural coatings, pigments are used in paints, stains, lacquers, primers, and clear coats applications. In industrial coatings, they are used in automotive, coil, powder, and marine coating applications. Titanium dioxide is the major pigment used in paint applications owing to its improved elasticity and durability.





Cosmetics

Titanium dioxide is widely used in sunscreen products and often in combination with chemical UV-filters. Two crystalline forms, anatase and rutile, are available in different particle sizes, with particles under 100 nm classified as nanoparticles and above 100nm as microparticles. Micro-sized titanium dioxide appears white on the skin and is less popular with consumers. On the other hand, nano-sized titanium dioxide is more often used because of its transparency and improved aesthetic appearance. Titanium dioxide used for sunscreen products is coated with silica and aluminum hydroxide. In the cosmetics segment, titanium dioxide is used in various products such as shampoos, balms, lotions, creams, soaps, lipsticks, toothpaste, and hair dyes.





Pulp & Paper

The paper industry uses pigment in two applications, namely, wet-end addition and paper coatings. Titanium dioxide is a pigment that has high optical efficiency, and the small particle in titanium dioxide offers high brightness property. It is used as a direct beater addition to pigment the paper stock as well as to manufacture paper coatings. Titanium dioxide is used in a grade that requires superior opacity in offset papers. In addition, it offers excellent color strength, clean tone, good retention, chemical & heat resistance, high purity, and easy dispersion. Titanium dioxide pigments are used for both white and colored special papers.





Plastics

Titanium Dioxide is a multi-layered material when used in polymer applications. It is a photo-responsive material, resulting in opacity and absorption of UV rays, thereby protecting the polymer from UV degradation. In the plastics application, titanium dioxide as pigments offers excellent tinting strength, ease of dispersion, and high exterior durability. Apart from improving aesthetics and providing coloring effects, titanium dioxide pigments enhance the stability of plastics that increases the resistance of plastics to adverse weather conditions. Titanium dioxide is extensively used in polyvinyl chloride and engineered resins owing to its broad compatibility and ease of processing. It is used in various plastic types such as ABS, acrylics, PET/PBT, PVC, polyamide, polycarbonate, polyethylene/polypropylene, and polystyrene.





Critical questions the report answers:

Where will all these developments take the industry in the mid to long term?

What are the upcoming industry applications for titanium dioxide?

Stringent environmental regulations and volatile raw material prices are the major factors restraining the growth of the titanium dioxide market. Some of the major players in the titanium dioxide market are Some of the key players operating in the global titanium dioxide market are Tayca Corporation (Japan), Huntsman Corporation (U.S.), Cabot Corp (U.S.), The Chemours Company (U.S.), Tronox Limited (U.S.), Kronos Worldwide Inc. (U.S.), Cristal (Saudi Arabia), Evonik Industries AG (Germany), Cinkarna Celje (Slovenia), Lomon Billions (China), and Ishihara Sangyo Kaishal Ltd. (Japan) among others, among others.

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