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Titanium Dioxide (TiO2) Market Share, Size, Analysis, Regional Outlook, Growth, Trends and Forecasts to 2024 | Hexa Research
“The global Titanium Dioxide (TiO2) Market size worth USD 27.49 billion by 2024�
The global Titanium Dioxide Market is expected to reach USD 27.49 billion by 2024 owing to the increasing demand of titanium dioxide in paper, paint & coating, cosmetics, and plastic industries. In 2014, DuPont titanium technologies started a manufacturing facility in Alamira, Mexico havin g a capacity of 200,000 tons/year which will help in fulfilling the demand worldwide. Rising demand for lightweight automobiles is expected to play a vital role in growth of global titanium dioxide market. Materials such as polycarbonates are used in manufacturing of lightweight automotive which have low scratch resistance value. Also, the product is used in various industries such as chemical intermediates, fiber, technical titanium, inks for printer and rubber. Keeping these driving factors in mind, companies are ramping up their production capacity. In 2015, PPG International entered in a partnership agreement with Henan Billions of Chemicals Co. LTD. to setup a new manufacturing unit for titanium dioxide which is expected to produce 100,000 metric tons p er year to expand its footprint in Asia Pacific. Companies such as Argex Titanium are using unique patented CTL process which involves low cost feed stock material and solvent extraction method to produce high quality product. Browse Details of Report @ https://www.hexaresearch.com/research-report/titanium-dioxide-industry
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