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Titanium Dioxide Market - Global Opportunity Analysis and Industry Forecast, 2020–2027
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Request Now !Titanium dioxide, also known as titanium (IV) oxide, is the naturally occurring oxide of titanium. It possesses UV-resistant properties, and is widely used in sunscreen preparation. The compound is often used as a pigment by numerous businesses, including food, cosmetics &skin care, paints and coatings, and plastics, due to its ultra-white hue and light-scattering property. Food and Drug Administration (FDA) has tested the compound to be used as a color additive in food, medicine, and cosmetic products. Increase in demand for titanium dioxide in various industries such as automotive and paint & coating is anticipated to boost the growth of the global titanium dioxide market.Increase in use of titanium dioxide in various industries is anticipated to boost its demand during the forecast period. Paints and coatings retain majority of titanium dioxide's market share.
Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast unit | Value (USD) |
Segments covered | Grade, Application, and Region |
Regions covered | North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and the Rest of LAMEA) |
Companies covered | The Chemours Company, Tronox Limited, NL Industries Inc., Huntsman Corporation, Argex Titanium Inc., Tayca Corporation, Evonik Industries, Lanka Mineral Sands Limited, and Alchemy Heavy Metals Pvt. Ltd. |
Key drivers of global titanium dioxide market
Surge in use of titanium dioxide in the paint &coating sectors in the building &automobile sectors as well as its use in the paper & plastic industry drivethe growth of the titanium dioxide market. In addition, it is used as a pigment to provide whiteness and opacity to products such as paints, coloring, plastics, papers, inks, cosmetics, and toothpastes, which boosted its demand, thereby contributing toward the global market growth.Moreover, titanium dioxide serves as a reinforcer in ceramic production and increases ceramic efficiency, which, in turn, is expected to augment the growth of the global market with new prospects.
Market scenario: opportunities and challenges
Rapid growth in urbanization has led to increase in residential and commercial building activities, which is likely to supplement the demand for titanium dioxide in paint & coatings industry. Over the forecast era, surge in demand for downstream products of titanium dioxide and natural dyes in the textile industry is expected to provide opportunities for the studied market. Technological innovation aimed at increasing the manufacturing processes to boost the yield of high-quality products, and is expected to create lucrative opportunities for the market expansion. However, the use of titanium dioxide is stringently restricted, due to its carcinogenic effects, which hampers the growth of the overall market. Furthermore, high cost of titanium dioxide limits its adoption, globally, thereby restraining the market growth.
COVID-19 scenario analysis
The global titanium dioxide market is expected to witness slowdown during the forecast period, owing to the outbreak of the COVID-19 pandemic. Alarming surge in cases of COVID-19 is predicted to have a long-term effect on the demand for titanium dioxide. As a result, businesses in the titanium dioxide industry are growing to reduce the COVID-19 consequences.
Key segments covered
Segment | Subsegment |
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Key benefits of the report
- This study presents the analytical depiction of the global titanium dioxide industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global titanium dioxide market share.
- The current market is quantitatively analyzed from 2019 to 2027 to highlight the global titanium dioxide market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global titanium dioxide market research report:
- Which are the leading market players active in the globaltitanium dioxide market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities ofthe market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
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- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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