Such trends have created price volatility of TiO2, which will further affect titanium dioxide market development over the coming years. Historically, the product has seen a considerable fluctuation in prices owing to large variations in supply and demand. The key restraint to the titanium di-oxide market is its volatile prices, which is likely to pose challenges to the industry growth over the forecast time period.
Growing paints & coatings industry worldwide.Process, Grade, Product, Application, Region Titanium Dioxide Market Report Coverage Report Coverage Some of the potential applications of this product include self-cleaning fabric, antimicrobial coatings for hospital infections, self-cleaning concrete, polycarbonate substrate, self-cleaning paints, etc. are likely to enhance paints & coatings usage in coming years.Īnother key growth enabling factor is an ongoing trend of self-cleaning technologies across various end-user industries worldwide. An increasing number of vehicles in emerging nations including China, India, Mexico, etc. In the U.S., paints & coatings production was projected at more than 5 billion liters in 2017 and is expected to grow significantly in upcoming years. Rising automotive production and expenditure in the construction sector will be key growth parameters for the paints & coatings industry, which will further enhance the TiO2 demand in upcoming years. The product is extensively used to produce architectural paints, wallpaper coatings, radiator paints, plastic paints, etc.
The growing global paints & coatings industry is likely to drive the titanium dioxide market demand over a forecast time period. The prosperous paints & coatings sector will propel TiO2 usage in the near term
Get more details on this report - Request Free Sample PDF The pigment generally possesses more than 80% content of TiO2 and is in demand for the coloring applications of food items, paper & pulp, textiles, cosmetics, etc. Some of the key properties of TiO2 include excellent whiteness & brightness, color retention, durability, high dispersibility, etc. This product is extensively used by paints & coatings and plastic compounders owing to its desirable physical properties. Titanium dioxide (TiO2) is a white pigment, majorly obtained from raw materials such as ilmenite and rutile mineral sand.
The ongoing trend of using self-cleaning technologies across various industries will propel the product demand over the forecast time period. Global Titanium Dioxide Market size was valued at over USD 17 billion in 2019 and is estimated to exhibit growth with over 7.5% CAGR from 2020 to 2026.
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