The global titanium dioxide market size is expected to reach
USD 28.19 billion by 2025 registering a CAGR of 8.7%, according to a new report
by Grand View Research, Inc. Rise in demand for paints & coatings due to
expanding construction and automotive sectors across the globe will augment the
TiO2 market growth over the forecast period. Growing automotive
industry due to technological advancements in the sector coupled with rising
demand for lightweight vehicles has also contributed to the industry expansion.
Lightweight materials used in the
automotive industry contain specific amounts of carbon fiber, which is a cost-
and fuel-efficient as it helps reduce the carbon footprint. These materials are
malleable, remolded, and reshaped, which results in low-cost production. These
factors are expected to boost the market growth in the next few years. The
photovoltaic method converts solar energy into direct current electricity using
materials, such as TiO2 and amorphous silicon. Energy generated
from the solar PV is considered as sustainable energy and renewable source
making it cost-effective.
The demand for electricity is
increasing rapidly with the rising world population. In developing countries
like China, India, Indonesia, and Malaysia, the demand for energy conservation
is high due to urbanization and industrialization. Increasing demand for
sustainable energy sources is expected to have a positive impact on the market
in the next couple of years. Titanium dioxide particles have wide application
scope due to their high stability, photocatalytic properties, and
anti-corrosive nature and are manufactured from anatase. They are used in
consumer products, such as sunscreens, and as components for articulating
implants for the hip and knee.
These nanoparticles are also used
as catalyst in semiconductor photocatalysis, water treatment plants, and as a
photoactive material in nanocrystalline solar cells. Other applications in
self-cleaning tiles, textiles, windows, and anti-fogging car mirrors are
expected to support the market growth over the forecast period. However, dust
particles of the product are grouped under 2B carcinogens by IRAC. Thus,
stringent regulations are projected to have a negative impact on the market
growth.
For Full Research Report On Titanium Dioxide Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/titanium-dioxide-industry
Further key
findings from the study suggest:
- In terms of revenue, paints
& coatings is anticipated to be the largest application segment
reaching at USD 16.40 billion by 2025
- On the other hand, the
plastics application segment is anticipated to register the highest CAGR
of 9.3% from 2019 to 2025
- Asia Pacific is anticipated
to be the largest and fastest-growing regional market over the next few
years
- In terms of revenue, Middle
East & Africa is also anticipated to witness a lucrative growth due to
rising number of construction projects in the region
- Some of the key companies in
the global titanium dioxide market are Cristal Global; Kronos Worldwide,
Inc.; Huntsman Corp.; The Chemours Company; and Tronox Limited
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/titanium-dioxide-industry/request/rs1
Grand View Research has segmented
the global titanium dioxide market on the basis of application and region:
Titanium Dioxide Application
Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- Paints & coatings
- Plastic
- Pulp & Paper
- Cosmetics
- Others
Titanium
Dioxide Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 -
2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Sri Lanka
- Central and South America
- Brazil
- MEA
- UAE
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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