Titanium Dioxide Market Overview:
The global titanium dioxide market is touted to touch USD 44.954 bn at a staggering 14.28% during the forecast period (2018-2023). Titanium dioxide or titania or titanium (IV) oxide is a crystalline, white powder comprising of rutile and ilmenite, which are the key raw materials. This is made using either sulfuric acid or chloride process, known as the sulfate process. Titania is widely utilized as a white pigment especially in coatings application and paints.
Besides, it is also used in other applications namely food coloring and sunscreens. FDA has approved its safety in drug, food and cosmetic applications. Titanium oxide is commonly found in chewing gums, sweets and candies and in some chocolates to provide a smooth texture and also in doughnuts to offer texture and color. In personal care items, titanium dioxide is found in toothpaste. The list does not end here. it is also utilized as flavor enhancers in non-white foods such as wine, beer, mustard, soups, seeds, nuts and dried vegetables.
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Titanium Dioxide Market Key Players:
Leading players profiled in the titanium dioxide market include;
- Tronox limited,
- Yunnan Dahutong Industry & Trading Co., Ltd,
- Pangang Group Vanadium Titanium & Resources Co., Ltd.,
- Argex Titanium Inc.,
- Evonik Industries,
- Huntsman Corp.,
- Kronos Worldwide,
- DowDuPont Inc.,
- Chemours Company,
Titanium Dioxide Market Regional Analysis:
Based on region, the titanium dioxide market covers growth opportunities and latest trends across North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Of these, the APAC region will command the titanium dioxide market owing to growing demand in different applications namely paper, pigment, photo-electrode, plastics and paints in China followed by Japan.
The APAC region will be the largest consumer followed by Europe. The titanium dioxide market in North America will have the third largest share during the forecast period. On the other hand, the titanium dioxide market in the Middle East and Latin America will witness a favorable growth owing to the use of titanium dioxide in different application namely cosmetics, paper, pigment, additives and others.
Titanium Dioxide Market Segment Analysis:
Market Research Future report offers an all-inclusive segmental analysis of the titanium dioxide market on the basis of application and end-users.
Based on application, it is segmented into food additives, cosmetics, paper, pigment, photo-electrode, plastics, coatings, paints and others. Of these, paintings and coatings are expected to expand at the highest CAGR owning to increasing growth in construction and automobile industries. Titanium dioxide when utilized in coatings and paints will ensure longevity and continued protection. It is utilized in different paints and coatings application for offering durability, opacity and aesthetic appeal.
Based on end-user, the titanium dioxide market is segmented into construction industry, food and beverages, pharmaceutical, personal care, automotive and others.
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