The latest market intelligence report on the Titanium dioxide market aims at exploring the unknown and coming up with solutions to the potential threats and challenges faced by the Titanium dioxide market for the forecast period, 2019 – 2030. An overview of the current and future trends examined in the report for the forecast period 2019 – 2030 aim at influencing the imperative advance prominent vendors are expected to have over their competitors. The study includes valuable data, including the breakdown of information of market by type, geography, product application and classification.
Market Industry Reports (MIR) has published a new report titled “Titanium Dioxide Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global titanium dioxide market was valued at over US$ 14.0 Bn in 2018 and is anticipated to grow at a healthy CAGR during the forecast period of 2019-2030.
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Growing Demand from the Cosmetics Industry
Surging demand for cosmetics products is another factor driving the market growth. The cosmetic market is witnessing growth owing to rise in purchasing power of the consumers, and increasing awareness regarding self-grooming. Titanium dioxide is used as a pigment and thickener in face creams. Moreover, owing to its UV absorption characteristics it is also used in sunscreen products. With growing cosmetic industry, the demand for titanium dioxide is also expected to rise concomitantly.
Due to its carcinogenic effects titanium dioxide is highly regulated. Stringent government guidelines are one of the critical factors hindering the market growth. Income Recognition and Asset Classification (IRAC) has classified it under 2B carcinogens category. Furthermore, high cost of titanium dioxide is another major factor curbing the market growth across the globe.
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Kronos Worldwide, Inc., The Chemours Company, Tronox Limited, and Huntsman Corp., are the dominant players operating in this market. Evonik Industries, Cristal and E. I. du Pont de Nemours and Company are some of the other prominent players operating in the market.
The research provides answers to the following key questions:
It is widely known that Titanium dioxide or titania has a broad range of applications due to its unique properties like its anti-corrosive properties, high stability, and its high refractive index. It finds its application in printing inks, chemical fibers packaging, rubber, construction, and water tanks; it is also used in coating and painting applications. The broadening usage of titanium dioxide as a material in solar photovoltaic (PV) is giving manufacturers operating in this market a new opportunity.
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