LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global titanium dioxide market report until 2021. This research report also lists nine other prominent vendors that are expected to impact the market during the forecast period.
The research study by Technavio on the global titanium dioxide market for 2017-2021 provides a detailed industry analysis based on end-users (paints and coatings, plastics, and paper and pulp) and geography (APAC, EMEA, and the Americas).
“The global titanium dioxide market is projected to grow to more than 7,480 thousand metric tons by 2021, at a CAGR of 4% over the forecast period. Increase in penetration of doped and coated titanium dioxide nanomaterials is one of the key drivers responsible for the growth of the market,” says Mahitha Mallishetty, a lead analyst at Technavio for specialty chemicals research.
Competitive vendor landscape
Titanium dioxide manufacturers supply titanium dioxide pigments to paints, paper, and plastics manufacturers to enhance properties such as opacity and strength. The global titanium dioxide market is highly competitive, with players competing based on price, quality or product, technical service, and the availability of high-performance pigments.
Vendors are investing heavily in additions to the production capacity and in shifting to chloride-based technologies to comply with the regulatory standards. Global production is slowly shifting to China and other developing regions in the APAC region owing to cheap labor costs and relaxed regulations.
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Top five vendors in the global titanium dioxide market
Chemours manufactures performance chemicals under the titanium technologies (mainly titanium dioxide), fluoroproducts (refrigerants, industrial fluoropolymer resins, and derivatives), and chemical solutions (reactive metals, aniline, methylamines, sulfuric acid, and cyanide) segments.
CRISTAL is involved in the production of titanium dioxide using chloride and sulfate processes. It also manufactures ultrafine and specialty titanium products and titanium chemicals. The company also serves the plastic bags, paper, aerospace parts and other industries worldwide.
Huntsman International designs, manufactures, and markets differentiated organic and inorganic chemical products, globally. The company serves industries such as chemicals, plastics, automotive, furniture, and packaging.
KRONOS Worldwide is a producer and marketer of value-added titanium dioxide pigments. It is a white inorganic pigment used in a wide range of applications such as coatings, plastics, and paper, as well as many specialty products such as inks, food, and cosmetics.
Tronox is one of the world's leading producers of titanium feedstock, zircon, and pig iron. Its products are used to manufacture ceramics, television screen glass, wrought iron, cast iron, and a range of other industrial and chemical products.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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