Jul 23,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Titanium Dioxide Market.
It was estimated prior to this unanticipated outbreak that the Titanium Dioxide Market was expected to grow at a CAGR of 7.7% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Titanium dioxide, also known as titania, is a naturally occurring oxide of titanium. The titanium dioxide market is segmented as by process type as sulfate and chloride; by grade as rutile and anatase; by product type as pigmentary and ultrafine; by application type as food, paints & coatings, paper & pulp, plastics & rubber, cosmetics, printing inks, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the product type, the market is segmented as pigmentary and ultrafine. The pigmentary segment held the larger share of the market in 2020, and is expected to remain dominant during the forecast period. Growing penetration of titanium dioxide as pigments in a wide array of industries such as paints & coatings, printing inks, textiles, and others are the major factors driving the dominance of the segment.
Based on the application type, the titanium dioxide market is segmented as food, paints & coatings, paper & pulp, textiles, plastics & rubber, cosmetics, printing inks, and others. The paints & coatings segment dominated the market in 2020 and is expected to lead the market during the forecast period as well.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for titanium dioxide during the forecast period, with China, Japan, India, and South Korea being the major countries with lucrative growth opportunities. The growth of the market is majorly driven by significant economic development in the regions, growing disposable income of consumers, and growing penetration of titanium dioxide in a wide array of industries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Some of the major players in titanium dioxide market are-
The Chemours Company
Venator Material Plc
Tronox Holding Plc.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Titanium Dioxide Market analysis report discusses the following heads in great detail:
Market structure: Overview, industry life cycle analysis, supply chain analysis
COVID-19 Impact Assessment
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Strategic growth opportunities for the existing and new players
Key success factors