The
global Titanium Dioxide (TiO2) market was evaluated around USD 10.21 billion in the 2014 and is expected to reach
approximately USD 16.67 billion by
the end of 2023 while registering itself at a compound annual growth rate
(CAGR) of 5.60% over the forecast
period. The growing per capita consumption of pigments in developing countries
and escalating need for titanium dioxide from varying end user industries have
together resulted in the global growth of titanium dioxide market.
Browse
Full Report with Table of Contents and Data Tables on “Titanium Dioxide (Tio2)
Market By Application And Mineral Type - Global Industry Analysis And Forecast
To 2023”. https://www.crystalmarketresearch.com/report/titanium-dioxide-tio2-market
In the applications section, the paints and coatings segment
is anticipated to mature during the forecast period by registering at the
largest CAGR between 2014 and 2023.
The
paints and coatings segment of the global titanium
dioxide market is anticipated to flourish at a very high compound annual
growth rate (CAGR) owing to swiftly growing number of construction and
automobiles industries. Furthermore, this pigment powder is used with various
paints and coatings to assure durability of paints and constant shield of
substrate.
Region-wise, the Asia Pacific market of titanium dioxide is
anticipated to mature and garner significant CAGR between 2014 and 2023.
Asia
Pacific is predicted to grow fastest owing to constantly and steady rise in the
population of this region along with escalating disposable income. Moreover,
more and more demand for titanium dioxide from several countries like India and
China is also backing the market to garner lucrative share.
Some
of the key market players of the global titanium dioxide market are Kerala
Minerals and Metals Ltd., Tronox Limited, Kronos Worldwide Inc., Tayca
Corporation, Cabot Corp, Evonik Industries AG, Huntsman Corporation, Cristal,
CinkarnaCelje, The Chemours Company, Ishihara Sangyo Kaishal Ltd. and Lomon
Billions.
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