OK
The Universal Selection Source:
Coatings Ingredients
Industry News

Global Titanium Dioxide Market to Expand at a CAGR of 3.8% from 2014 to 2020: TMR

Published on 2014-08-06. Author : SpecialChem

Transparency Market Research has published a new market report titled "Titanium Dioxide Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020." According to the report, the global titanium dioxide market was valued at USD 13.14 billion in 2013 and is anticipated to reach USD 17.12 billion by 2020, expanding at a CAGR of 3.8% from 2014 to 2020.

Why use TiO2?
  • Description
  • Key benefits
  • Paints application

Titanium dioxide is a white-colored, solid, inorganic material with high thermal stability and poor solubility. Major raw materials used in the production of titanium dioxide include mineral sources such as ilmenite and rutile. Major processes used in the manufacturing of titanium dioxide include sulfate process and chloride process. Demand for lightweight vehicles has increased due to rising demand for fuel-efficient vehicles. This trend is estimated to continue during the forecast period. Polycarbonate, a thermoplastic, is used as a substitute for metal and glass-based automotive parts in lightweight materials. However, low scratch resistance of polycarbonate has restrained its market growth. Titanium dioxide is one of the major coating materials used to coat polycarbonate. Therefore, rising demand for lightweight vehicles coupled with increasing demand for polycarbonate has been a major factor driving demand for titanium dioxide. Demand for titanium dioxide nanoparticles has increased in the recent times. This is projected to drive growth of the titanium dioxide market during the forecast period. There has been an increase in the number of stringent regulations in the titanium dioxide market due to environmental and health hazards associated with titanium dioxide. This is one of the major factors hampering demand for titanium dioxide. Rising demand for coatings in photovoltaic modules to increase their efficiency is likely to offer high growth opportunities in the titanium dioxide market.

Based on application, demand for titanium dioxide has been segregated into four major segments: paints & coatings, plastic, paper, and others. Paints & coatings was the largest application segment for titanium dioxide in 2013 and accounted for over 50% of the market share in the same year. This trend is expected to continue during the forecast period. Plastic is anticipated to be the fastest growing application segment owing to high growth in end-user industries such as packaging and automotive. Other application segments include niche application segments such as artificial fibers and inks.

Asia Pacific dominated the global titanium dioxide market with a share of over 40% in 2013. This trend is estimated to continue during the forecast period. Asia Pacific is projected to be the fastest growing region in the next few years due to high growth in several end-use industries in emerging economies of India and China.

The titanium dioxide market is consolidated in nature; and the top four players constituted over 50% of the global market share in 2013. Major players in the titanium dioxide market include DuPont, Cristal Global, Kronos Worldwide and Tronox Limited.

This report segments the global titanium dioxide market as follows:

  • Titanium Dioxide Market - Application Analysis
    • Paints & coatings
    • Plastic
    • Paper
    • Others (Including artificial fibers, inks, etc.)
  • Titanium Dioxide Market - Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

About Transparency Market Research

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Source: Transparency Market Research


Halcyon Group 3rd R&D Innovation Summit
Back to Top