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Titanium Dioxide is a naturally occurring mineral found in earth’s crust. It is widely used in various industrial application including printing inks, plastic & rubber, paints & coatings, paper & pulp, food and cosmetics owing to white colour, opaqueness, and ability to refract light will accelerate rodyct demand. Incorporation of nanotechnology to enhance its properties is likely to further promote industry growth.
High demand of titanium dioxide from paints & coatings application will have positive impact on product demand. It provides maximum whiteness and opacity along with high hiding power. It also helps in delaying paints ageing and extends paints life as it protects light and white coloured paint from the influence of weather. Increasing adoption of high performance and advance paints & coatings mainly in construction and automotive industry will propel industry growth.
Application potential in cosmetic formulations may act as another contributing factor towards industry growth. It is widely used in cosmetics to increase opaqueness and reduce transparency in skin care, lip and nail care products. It is also used as a UV filter ingredient in sun care product range. Growing demand for sunscreen products owing to increase in skin concerns due to prolong exposure to sun UV rays will propel industry growth.
The report analyses the global titanium dioxide market based on process, grade, products, application and geography
Various process studied are segmented into sulphate, chloride. The sulphate is a simpler technology and can use cheaper and lower grade ores with sulfuric acid. This process is considered less environment friendly but acid neutralization and recycling combined with other by product development can make it clean. The process has key benefits such as low price and abundant availability of raw material including sulfuric acid and ilmenite along with use of simple equipment and mature technology.
Based on grade the titanium dioxide market is segmented into rutile and anatase. Rutile grade titanium dioxide may show significant gains over the foreseeable timeframe owing to their superior characteristics. Its key properties include high weather ability and higher hiding power which makes it suitable for latex coating, advanced outdoor coating and advanced paper coatings, thus propelling product demand.
Various products segmented in this market are pigmentary and ultrafine. Ultrafine is known for its versatile application owing to its very small particle size and semiconductor nature. Increase in application scope in plastic additives, cosmetics for UV absorption, UV absorbing transparent coatings and electronic components will promote industry growth.
Furthermore, the major application considered in the study is Paper& pulp, Paints & coatings, Foods, Cosmetics, Printing Inks, Textiles, Plastics & Rubber. Titanium dioxide has wide application in paper industry owing to its use for making paper white, high strength, thin, shiny and smooth, impervious printing. Rising application potential of decorative paper made from titanium dioxide in wall paper, flooring, and production of furniture will boost market growth.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. Asia Pacific may observe robust growth in titanium dioxide market owing to high production volume from China. Rising demand from end-use applications has led to high exports of titanium dioxide which will promote its production, thus driving regional industry growth. China has launched BizVibe which is a smart B2B marketing platform for buyers and suppliers of titanium dioxide which connects to the global trade professionals which would promote titanium dioxide production and demand in this region.
The key players in the titanium dioxide market share include The Chemours Company, Tronox Holdings Plc., Venator Materials PLC. (Huntsman Corporation), Lomon Billions, Kronos, Travancore Titanium Product Ltd.,Ishihara Sangyo Kaisha Ltd (ISK),Parshwanath Dye Stuff Industries,Shanghai Jianghu Titanium White Product Co., Ltd.,The Kerala Minerals & Metals Ltd.,Shanghai Jiuta Chemical Co., Ltd.,Argex Titanium Inc.,GRUPA AZOTY,TAYCA CORPORATION, Cinkarna Celje, PRECHEZA a.s., Huntsman Corporation, Tayca Corporation.
The report analyses the global titanium dioxide market based on process, grade, products, application and geography. Various process studied are segmented into sulphate, chloride. Based on grade the titanium dioxide market is segmented into rutile and anatase. Various products segmented in this market are pigmentary and ultrafine. Furthermore, the major application considered in the study is paper& pulp, paints & coatings, foods, cosmetics, printing inks, textiles, plastics & rubber.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa.
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