June 24, 2022
As per the research report titled ‘Global Titanium Dioxide Market 2022-2028’, available with MarketStudyReport, global titanium dioxide market is anticipated to attain a valuation of USD 22,158 million by the end of study period, garnering a CAGR of 6.1% through 2028.
The crucial factors contributing to the growth of global titanium dioxide market are increasing consumption of paints & adhesives, growing product demand across different applications, booming construction sector around the globe, and rising preference for do-it-yourself (DIY) paints amidst the COVID-19 outbreak.
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Additionally, increased utilization of ultrafine titanium dioxide particles in various industries, inclination for lightweight automobiles, flourishing personal care & cosmetics industrial sector, combined with product usage in a photovoltaic system are all favouring the market expansion.
Aside from a thorough explanation of important growth determinants and potential outcomes, the research also elaborates on the constraints and obstructions, along with the potential solutions that will enable investors to sustain economic security.
On top of that, the study also consists of an in-depth evaluation of market size, key trends, competitive scenarios, growth rate, and different segmentations. It also explores the influence of the COVID-19 outbreak on the global titanium dioxide industry growth.
The research also evaluates the market situation based on the past information from 2018 to 2021 to examine the development pattern through 2028, considering significant aspects such as the products, end-users, and regional overview.
Speaking of which, the different products in the industry are nanomaterial grade TiO2 and pigment grade TiO2. Based on applications spectrum, the industry is bifurcated into inks, paper, plastics, paints & coatings, and others. While the various regional markets scrutinized are North America, Asia Pacific, and Europe.
Lastly, the study examines the profiles of leading players responsible for revenue inflow and growth of global titanium dioxide industry. The well-known companies mentioned in this report include Venator Materials PLC, The Chemours Company, LB Group, Evonik Industries AG, Tronox Limited, Tayca Corporation, KRONOS Worldwide Inc., and Argex Titanium Inc.