BANGALORE, India, Sept. 10, 2020
BANGALORE, India, Sept. 10, 2020 /PRNewswire/ -- Major factors driving the growth of Titanium Dioxide (TiO2, CAS 13463-67-7) Market size include the increase in demand for paints & coatings due to the expansion of the construction and automotive industries.
The Titanium Dioxide Market report provides comprehensive information on the key players' market and detailed information about new product launches, untapped geographies, recent developments, and investments.
The Titanium Dioxide Market size is expected to grow from USD 14.00 Billion in 2019 to USD 22.26 Billion by 2026 at a CAGR of 6.85% during the forecast period.
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TRENDS INFLUENCING THE TITANIUM DIOXIDE MARKET SIZE
The automotive industry has contributed to market expansion due to technical developments in the sector, coupled with increasing demand for lightweight vehicles. The growing use of lightweight materials for improved protection and fuel efficiency over the forecast period is expected to positively affect the industry. When coated with titanium dioxide, these lightweight materials improve longevity, toughness, strength, and resistance to scratches.
The growing number of residential and non-residential building projects increases the demand for paints & coatings, thus boosting the titanium dioxide market size. The growing demand for anti-corrosive architectural coatings has also raised the market for titanium dioxide in the pigments.
Due to their high stability, photocatalytic properties, and anti-corrosive nature, titanium dioxide particles have wide application scope. They are used as components for articulating hip, knee implants, and in consumer products, such as sunscreens. This widespread application is, in turn, expected to drive the titanium dioxide market size.
Due to growing urbanization and industrialization, there is an increase in demand for energy in developing countries such as China, India, Indonesia, and Malaysia. The growing demand for renewable energy sources is projected to significantly affect the titanium dioxide market size.
TITANIUM DIOXIDE MARKET SHARE ANALYSIS
Asia-Pacific is expected to hold the largest titanium dioxide market share during the forecast period. This dominance of the Asia-Pacific region is attributed to the booming commercial and residential construction sector, increased investment in infrastructure development, and the developing chemical industry.
North America is predicted to hold a significant titanium dioxide market share due to strong residential construction growth.
Titanium Dioxide Market By Region:
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TITANIUM DIOXIDE MARKET SEGMENTATION
On the basis of process, the global titanium dioxide market is segmented into:
Based on application, the titanium dioxide market is segmented into:
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Global Nano Titanium Dioxide Market size was valued at USD 3.4 Billion, and is expected to reach USD 16,682 Million by 2022, supported by a CAGR of 20.7% during the forecast period.
Growth in investment in research and development, penetration of nano-titanium dioxides in different application industries, and excellent physio-chemical properties are expected to increase the Titanium Dioxide Market size.
The global construction industry's growth mainly drives the growth of the titanium dioxide inorganic pigment market. The increasing importance of aesthetics in the packaging industry also supports the growth of the market.
The Global Nanoparticle Titanium Dioxide Market size is expected to grow from USD 4,000.51 Million in 2019 to USD 9,393.07 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 15.28% during the forecast period.
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