April 1, 2020, 19:00 ET | Source: Global Market Insights, Inc. Global Markets Insights, Inc.
Selbyville, Delaware, April 1, 2020 (Global News Agency)-According to a report released by Global Market Insights Inc., the size of the titanium dioxide market in 2019 is estimated at US$17 billion and is expected to reach 272 by 2026 Billion US dollars, registration from 2020 to 2026, compound annual growth rate of 7.7%. The report provides a comprehensive assessment of driving factors and opportunities, volatile market trends, market size and estimates, key investment areas, competitive scenarios, and best winning strategies.
Due to increasing infrastructure activities and automobile production, the paint and coatings industry has expanded, thereby increasing the TiO2 market demand. Titanium dioxide has excellent surface treatment and high color retention properties. Therefore, it is widely used in food, plastic, aerospace and construction applications, which account for most of the product consumption.
During the research period, the sulfate process will generate a lot of waste and material handling is difficult, so the sulfate process will grow at a moderate rate, second only to the chloride process. The process uses sulfuric acid to treat titanium-containing minerals to form titanium dioxide. The products formed by this method are mainly used in the field of paints and coatings.
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It is estimated that by 2026, the compound annual growth rate of rutile grade will exceed 8%. This grade can be produced through the chloride and sulfate process. Rutile grade has better weather resistance and excellent hiding power than anatase grade, so it can be used for outdoor coatings and advanced paper coatings.
It is expected that ultrafine TiO2 will become the fastest growing product category, with a compound annual growth rate of more than 10% by 2026. This product is finer than pigments with a particle size of less than 100 nm, and the content of titanium dioxide is relatively low. Ultrafine titanium dioxide can be used in self-cleaning technology and air and water purification equipment.
During the forecast period, the compound annual growth rate of the paper and pulp sector in the titanium dioxide market share will exceed 7%. This is mainly due to the surge in demand for products such as cardboard for furniture, base paper for decorative composites, and coated paper. Titanium dioxide's excellent retention and high consistency make it an ideal material in this field.
By 2026, North America’s compound annual growth rate will be close to 7%. A large amount of construction expenditure will provide ample opportunities for market participants. In addition, continuing trends related to self-cleaning technology and R&D investment are expected to further promote the growth of the titanium dioxide market in the region.
Some of the key findings of the titanium dioxide market report include:
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The main players included in the titanium dioxide industry report are Chemours, Argex Titanium, Lomon Billions, Tronox Holding, TAYCA CORPORATION and Venator Material. Most participants focus on agreements, acquisitions, and product launches to achieve profitable growth.
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