$28.5 Billion Titanium Dioxide (TiO2) Market, 2025
DUBLIN, Jan. 31, 2018 /PRNewswire/ --
The "Titanium Dioxide (TiO2) Market Analysis By Application (Paints & Coatings, Plastics, Paper & Pulp, Cosmetics), By Region (North America, Europe, Asia Pacific, CSA, MEA), And Segment Forecasts, 2014 - 2025" report has been added to ResearchAndMarkets.com's offering.
The titanium dioxide industry was estimated at USD 13.21 billion in 2016 and is expected to grow at a considerable growth rate during the forecast period and is expected to reach USD 28.5 billion by 2025, mainly driven by the increasing application scope of the product in plastics, paints & coatings, and cosmetics industry verticals
The paints & coatings industry has been witnessing significant growth in recent years, mainly on account of the increasing consumption in key end-use verticals, including construction, automotive, aerospace, and energy & power. The growing scope of the product as whitening pigments in paints & coatings is expected to have positive impacts on the future growth of the industry.
The growing awareness among consumers of emerging economies such as the BRICS nations regarding personal hygiene and care have led to considerable growth of the cosmetics industry. The growing consumption of the product as UV filter and whitening agent in cosmetic goods is expected to drive the overall industry growth during the forecast period.
The plastics vertical is anticipated to witness the highest growth over the forecast period, in terms of revenue, slated to grow at a CAGR of 9.7%. The performance attributes of the product including weather ability, whiteness, opacity, and lacing resistance, play a major role in the quality and effectiveness of plastic commodities.
Further Key Findings From the Report Suggest:
- The plastics segment accounted for a major share of the industry revenues in 2016, and is expected to witness the considerable growth of 9.7% over the forecast period, owing to increasing consumption of the product for improving weatherability and durability of plastic commodities
- The demand for titanium dioxide in paints & coatings applications is expected to grow at a CAGR of 9% over the forecast period, driven by the use of the product as whitening agent and the rapid growth of paints & coatings consumption in construction, automotive, and aerospace verticals
- Asia Pacific accounted for the largest share of the overall industry revenues in 2016, and is anticipated to grow at a fast pace from 2016 to 2025 at a CAGR of 9.6%. This can be attributed to the rapid growth of the application industries, including paints & coatings, plastics, and cosmetics in key economies of the region
- The major industry players are investing heavily in R&D for the introduction of new cost-effective manufacturing techniques. For instance, In January 2014, Cristal formed a joint venture with Toho Titanium Company Ltd., with the objective of producing titanium sponge at competitive costs and thereby introducing integration across the value chain.
Key Topics Covered:
Chapter 1. Methodology and Scope
1.1. Research methodology
1.2. Research scope & assumptions
1.3. List of data sources
1.4. List of abbreviations
Chapter 2. Executive Summary
2.1. Market snapshot
Chapter 3. Titanium Dioxide Market Variables, Trends &Scope
3.1. Market segmentation & scope
3.2. Penetration & growth prospect mapping
3.3. Value chain analysis
3.4. Regulatory framework
3.5. Technology outlook
3.6. Market dynamics
3.6.1. Market driver analysis
3.6.2. Market restraint analysis
3.7. Porter's five forces analysis
3.8. PESTEL Analysis
Chapter 4. Titanium Dioxide Market: Application Estimates & Trend Analysis
4.1. Application movement analysis & market share, 2015 & 2025
4.2. Paints & Coatings (Kilo Tons, USD Million)
4.3. Plastics (Kilo Tons, USD Million)
4.4. Pulp & paper (Kilo Tons, USD Million)
4.5. Cosmetics (Kilo Tons, USD Million)
4.6. Others (Kilo Tons, USD Million)
Chapter 5. Titanium Dioxide Market: Regional Outlook
Chapter 6. Competitive Landscape
6.1. Vendor landscape
6.2. Competitive environment
6.3. Company market positioning
6.4. Strategy framework
Chapter 7. Company Profiles
- DuPont
- Tronox Limited
- CRISTAL
- The Chemours Company
- NL Industries Inc.
- ARGEX Titanium Inc.
- Huntsman Corporation
- Evonik
- Tayca Corporation
- Kish Company Inc.
For more information about this report visit https://www.researchandmarkets.com/research/l7xck4/28_5_billion?w=5
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