Global Titanium Dioxide (TiO2) Market 2019-2023

The global titanium dioxide market is forecast to grow at a CAGR of over 4% during 2018-2023, and the market size will increase by 1,414.87 thousand tons during the forecast period of 2019-2023. Between 2018-2023, the titanium dioxide market will grow at a faster pace than the overall market growth in 2019. The growth momentum of the titanium dioxide market is expected to accelerate in the second half of the forecast period compared to the increase in the first half.

The titanium dioxide market is fragmented, and the degree of fragmentation is expected to decrease by 2023. An outlook of accelerating growth would provide opportunities to all market participants to grow. Market participants should focus on the opportunities on the demand side rather than getting overly impacted with the competitive dynamics. The accelerating growth momentum will be one of the contributing factors moderating the competitive intensity in the market over the forecast period.
Some of the key findings from our titanium dioxide market forecast report are summarized below
Global Titanium Dioxide Market
Paints was the largest segment within the overall market in 2018 and will continue to remain so in 2023. The growth rate of the paper and other segments will be faster than the global market growth during the forecast period 2019-2023. However, the growth rate of the paints and plastics segments will be slower than the overall market growth.
To identify growth opportunities in the titanium dioxide market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2018-2023. APAC and North America will grow faster than the overall market. Europe, MEA, and South America’s growth will be slower than the global market.
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
This titanium dioxide market report provides a detailed analysis of the market by application (paints, plastics, paper, and others), process (sulfate process and chloride process), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including KRONOS Worldwide Inc., Lomon Billions, The Chemours Company, Tronox Holdings plc, and Venator Materials PLC.

Global titanium dioxide industry overview

Titanium dioxide nanoparticles can act as photocatalysts and are widely used in applications such as textile fibers, wood preservatives, and high-factor sun protection creams. The demand for TiO2 nanoparticles-based ink is also increasing for printed electronics to eliminate the possibilities of nozzle clogging or coffee-ring effect in printer systems. Moreover, TiO2 nanoparticles of the anatase polymorph can be used in nano-sized sensors as it can alter the light-absorbing properties when subjected to mechanical stress in a simple, predictable manner, at room temperature. These properties of TiO2 nanoparticles are increasing its adoption in the material science, engineering, bioscience, and metrology fields. The emergence of TiO2 nanoparticles is identified as a key trend that will have a positive impact on titanium dioxide market growth during the forecast period.

TiO2 is increasingly replacing tin oxide or zircopax as an opacifier in the ceramic industry as it improves crystal development and provides variegation and crystallization to the color and texture of ceramic glazes. These properties of TiO2 help in imparting more shades of colors to the ceramic products thereby enhancing its attractiveness. TiO2 can also be used to provide strong melts, durable surfaces, rich visual textures, and matte surfaces. Moreover, TiO2 also protects ceramic products from pollutants such as sulfur oxide, nitrogen oxide, and carbon monoxide. These benefits will increase the use of titanium dioxide in the ceramic industry. As a result of these factors, the market will grow at a CAGR of over 4% during the forecast period.

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