DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Titanium Dioxide Market by Grade (Rutile, Anatase), Application (Paints & Coatings, Pulp & Paper, Plastics, Cosmetics, Ink), and Region - Global Forecast To 2021" report to their offering.
The global titanium dioxide market is projected to reach USD 14.12 billion by 2021, at a CAGR of 5.8% from 2016 to 2021.
The growth of the market is primarily driven by the increasing population, coupled with the growing demand for titanium dioxide from various applications, such as paints & coatings, pulp & paper, cosmetics, ink, and plastics, among others. The factors restraining the growth of this market are environmental regulations and volatile prices of raw materials.
The rutile segment is projected to lead the grade type of the global titanium dioxide market from 2016 to 2021. Rutile is the most stable form. Rutile titanium dioxide has a higher refractive index, higher specific gravity, and greater chemical stability, and it better suits the requirement of key applications such as paints & coatings and plastics.
The paints & coatings application segment is projected to lead the global titanium dioxide market from 2016 to 2021. The demand for titanium dioxide in paints & coatings application is mainly due to the growing construction and automobile industries. Moreover, titanium dioxide, when used in paints and coatings, ensures the longevity of paints and continued protection of the substrate. Titanium dioxide is used in various paints & coatings applications to provide aesthetic appeal, opacity, and durability.
The Asia-Pacific region is projected to be the largest market for titanium dioxide during the forecast period.
- Rising Demand for Lightweight Vehicles in Automobile Industry
- Increase in Per Capita Consumption of Pigments
- Growth in Construction Industry
- Stringent Environmental Regulations
- Volatile Raw Material Prices
- Development of Nanoparticles of Titanium Dioxide
- Uncertainty Regarding the Use of Titanium Dioxide in Food Industry
- Apollo Colors Inc.
- Argex Titanium Inc.
- Cinkarna Celje D.D. (CICJ.LJ)
- Evonik Industries AG
- Grupa Azoty
- Huntsman Corporation
- Ishihara Sangyo Kaisha Ltd
- Kronos Worldwide Inc
- Lomon Billions
- Precheza AS
- Tayca Corporation
- The Chemours Company
- Tronox Limited
For more information about this report visit http://www.researchandmarkets.com/research/g5c9xt/titanium_dioxide.