Titanium Dioxide Market Size, Share, Growth Drivers and Forecast to 2030

Rising Demand for Lightweight Automobiles to Take Titanium Dioxide Market to $24,026.1 Million by 2030

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Around the world, the increasing carbon emissions have become a grave concern, which is why steps are being taken to reduce their concentration in the atmosphere. This is one of the main factors expected to take the global titanium dioxide market to $24,026.1 million by 2030, from $15,020.1 million in 2019, at a 4.5% CAGR between 2020 and 2030. This is because reducing the weight of the vehicles is proving to be one of the most effective ways to reduce the emission of greenhouse gases.

To accomplish this, several glass components in automobiles are being replaced by polycarbonate structures. As per estimates, substituting all the glass components with polycarbonate structures can lead to a 50% reduction in the vehicle weight. The reason these efforts are benefitting the titanium dioxide market is that the compound is widely used to manufacture the coatings that are applied on these polycarbonate structures.

Get the sample pages of the report at: https://www.psmarketresearch.com/marketanalysis/titanium-dioxide-market/report-sample Owing to the coronavirus pandemic, the titanium dioxide market is witnessing subdued growth, because plants producing this compound have shut down. Moreover, even the mining industry is witnessing a recession, which is why the supply of titanium ores has also decreased. Similarly, automotive manufacturing and construction activities, which create a high demand for products containing this compound, have been halted.

Titanium Dioxide Market Segmentation Analysis In the coming years, the sulphate bifurcation, on the basis of process, will witness the faster growth in the titanium dioxide market, as this process uses less-complex technology to produce rutile and anatase pigments. In comparison, the chloride process uses complex technology, and it can only produce rutile pigments, which leads to the higher popularity of the sulphate process.

Browse report overview with detailed TOC on Global Titanium dioxide Market Research Report: By Process (Sulphate, Chloride), Application (Paints & Coatings, Plastics, Paper, Inks) - Global Industry Analysis and Demand Forecast to 2030 @ https://www.psmarketresearch.com/marketanalysis/titanium-dioxide-market

The paints & coatings division, based on application, held the largest share in the titanium dioxide market in 2019, and it is expected to remain dominant in the near future. This is attributed to the ability to absorb, as well as scatter, ultraviolet (UV) radiation, which pigments containing this compound impart to paints and coatings. Other advantages of using titanium-dioxide-containing paint and coating pigments are inertness, non-toxic nature, and high refractive index. Similarly, in tropical climates, titanium-dioxide-containing paints and coatings reflect the UV rays, which reduces the need for air conditioning, thereby helping conserve electricity.

Asia-Pacific (APAC) is the largest and fastest-growing titanium dioxide market, on account of the large number of paint & coating manufacturers operating in the region, including Berger Paints India Ltd., Asian Paints Limited, Akzo Nobel N.V.(China), Kansai Nerolac Paints Ltd., Nippon Paint (India) Private Limited, PPG Paints (China) Co. Ltd., and Shalimar Paints Ltd., which account for a heavy consumption of the compound. Almost 55% of the titanium oxide consumption in the region is accounted for by the paints & coatings industry. With the increasing number of projects for residential, commercial, and industrial infrastructure development, the demand for paints and

coatings is rising, thereby driving the APAC titanium dioxide industry.

Make enquiry before purchasing this report at: https://www.psmarketresearch.com/sendenquiry?enquiry-url=titanium-dioxide-market Mergers and Acquisitions Helping Companies Better Their Growth Prospects Mergers and acquisitions are helping companies in the titanium dioxide market give themselves a better chance of growth, with these moves mostly aimed at: • • • • •

Augmenting their titanium feedstock capacity, to fulfill their in-house as well as client needs for cost-effective raw material supply Getting access to a larger hoard of titanium sand Widening their network of manufacturing plants Manufacturing each other’s products at their own facilities Strengthening their position in the industry

The most significant companies in the global titanium dioxide market are Tronox Incorporated, The Chemours Company, TAYCA CORPORATION, PRECHEZA a.s., The Kerala Minerals & Metals Ltd., Travancore Titanium Products Ltd., Prakash Chemicals Pvt. Ltd., Lomon Billions, CINKARNA Metalurško-kemična Industrija Celje d.d., Kilburn Chemicals Limited, Evonik Industries AG, Grupa Azoty S.A., Titanos Group, INEOS Enterprises Holding Limited, and Venator Materials PLC. Market Size Breakdown by Segment Based on Process •

Sulphate

•

Chloride

Based on Application •

Paints & Coatings

•

Plastics

•

Paper

•

Inks

Geographical Analysis •

•

•

North America o

U.S.

o

Canada

Europe o

Germany

o

U.K.

o

Finland

o

Belgium

o

Italy

o

Netherlands

Asia-Pacific (APAC) o

China

o

Japan

o

India

o •

•

South Korea

Latin America (LATAM) o

Brazil

o

Mexico

Middle East and Africa (MEA) o

Saudi Arabia

o

South Africa

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