NEW YORK , June 15, 2023 /PRNewswire/ -- The titanium dioxide market size is estimated to increase by USD 6,899.93 million from 2022 to 2027, with a CAGR of 5.66%, according to a recent market study by Technavio. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region. Discover some insights on market size before buying the full report -Request a sample report
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. The Bargaining Power of Buyers & Suppliers and the Threat of New Entrants, Rivalry, and Substitutes have also been analyzed and rated between LOW-HIGH to provide a holistic view of market favorability. Tio2 In Food
Find Technavio's Exclusive Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria
One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
Furthermore, market adoption rates for all regions have been covered.
The titanium dioxide market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 vendors listed Below -
Anhui Annada Titanium Industry Co. Ltd., CATHAY INDUSTRIES, Cinkarna metalursko kemicna industrija Celje d. d., CNNC Huayuan Titanium Dioxide Co. Ltd., Evonik Industries AG, Group DF Ltd., Grupa Azoty SA, Hangzhou Harmony Chemical Co. Ltd., INEOS Group Holdings SA, Ishihara Sangyo Kaisha Ltd., Lomon Billions Group Co. Ltd., Nanjing Titanium Dioxide Chemical Co. Ltd., NINGBO XINFU TITANIUM DIOXIDE CO. LTD., Panzhihua Haifengxin Chemical Industry Co. Ltd., PRECHEZA AS, Tayca Corp., The Chemours Co., The Kerala Minerals and Metals Ltd., Tronox Holdings Plc, and Venator Materials Plc. Download a Sample Report!
Titanium Dioxide Market - Segmentation Analysis
This titanium dioxide market research report extensively covers market segmentation by application (paints, plastics, paper, and others), type (sulfate process and chloride process), and geography (APAC, North America , Europe , South America , and Middle East and Africa ).
The market share growth of the paint segment will be significant for overall market growth during the forecast period. It is the largest segment in the market with the largest share of the global TiO2 market by application. When TiO2 is mixed in paints, it ensures the longevity of the paints and continued protection of substrates. It also provides aesthetic appeal, opacity, and durability. Furthermore, the rise in the number of residential and non-residential construction projects across the world is fueling the demand for paints. Moreover, TiO2 is used as coatings in commercial and residential interiors and exteriors, aircraft, automobiles, machines, traffic paint, and appliances. Hence, such factors are expected to increase the demand for TiO2 in paints during the forecast period.
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Titanium Dioxide Market - Market Dynamics
Increasing the use of TiO2 as an absorbent of pollutants is a key driving factor during the forecast period.
Nitrogen oxide is a major air pollutant emitted by diesel and petrol engines, that contributes to smog formation and poses health risks.
TiO2, a photocatalyst, is utilized to absorb and remove such pollutants, and through photocatalysis, TiO2 coatings interact with nitrogen oxide and convert it into harmless substances.
Such versatile compound is incorporated into various materials like cement, paints, tiles, and windows to absorb and decompose environmental pollutants.
Hence, such factors drive the market growth during the forecast period.
The growing popularity of three-dimensional (3D) printed TiO2 is an emerging trend in the titanium dioxide market.
3D printing technology allows for the production of complex objects using various materials.
Also, advancements in 3D printing with TiO2 present the potential for durable and robust components.
It also finds applications in sectors such as construction, automotive, and healthcare. Moreover, in construction, it enables the creation of intricate designs and shapes for facades in various infrastructure projects.
Hence, these applications are expected to drive the demand for 3D-printed TiO2 in the forecast period.
The rise in the price of TiO2 is a challenging factor that may hinder the growth of the market.
The price of TiO2 is increasing and can be attributed to China's export prices for spot cargoes, which rose between 2019 and 2022.
For instance, Venator Materials and Ishihara Sangyo Kaisha Ltd. announced price increases for TiO2 pigments in 2020.
Moreover, the paints and coatings industry, a major consumer of TiO2, is likely to face price increases as well.
Hence, such challenges impede market growth during the forecast period.
Titanium Dioxide Market - Geographic Analysis The market is segmented by region APAC, North America , Europe , South America , and Middle East and Africa . An analysis of key leading countries has been included.
APAC is estimated to account for 56% of the growth of the global market during the forecast period. With China being a significant contributor to the regional market, APAC is projected to be the largest consumer of TiO2 in the forecast period. This growth can be attributed to the presence of numerous TiO2 vendors. Furthermore, the demand for TiO2 in key countries like Japan , India , and Australia is also driving market growth. Hence, such factors drive the regional market growth during the forecast period.
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What are the key data covered in this Titanium Dioxide Market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the titanium dioxide market between 2023 and 2027
Precise estimation of the size of the titanium dioxide market and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the titanium dioxide market across APAC, North America , Europe , South America , and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of titanium dioxide market vendors
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Accelerate at a CAGR of 5.66%
APAC, North America, Europe, South America, and Middle East and Africa
US, China, Japan, Germany, and UK
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Anhui Annada Titanium Industry Co. Ltd., CATHAY INDUSTRIES, Cinkarna metalursko kemicna industrija Celje d. d., CNNC Huayuan Titanium Dioxide Co. Ltd., Evonik Industries AG, Group DF Ltd., Grupa Azoty SA, Hangzhou Harmony Chemical Co. Ltd., INEOS Group Holdings SA, Ishihara Sangyo Kaisha Ltd., Lomon Billions Group Co. Ltd., Nanjing Titanium Dioxide Chemical Co. Ltd., NINGBO XINFU TITANIUM DIOXIDE CO. LTD., Panzhihua Haifengxin Chemical Industry Co. Ltd., PRECHEZA AS, Tayca Corp., The Chemours Co., The Kerala Minerals and Metals Ltd., Tronox Holdings Plc, and Venator Materials Plc
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
3.4 Market outlook: Forecast for 2022-2027
4.1 Global titanium dioxide market 2017 - 2021
6.3 Paints - Market size and forecast 2022-2027
6.4 Plastics - Market size and forecast 2022-2027
6.5 Paper - Market size and forecast 2022-2027
6.6 Others - Market size and forecast 2022-2027
7.3 Sulfate process - Market size and forecast 2022-2027
7.4 Chloride process - Market size and forecast 2022-2027
9.3 APAC - Market size and forecast 2022-2027
9.4 North America - Market size and forecast 2022-2027
9.5 Europe - Market size and forecast 2022-2027
9.6 South America - Market size and forecast 2022-2027
9.7 Middle East and Africa - Market size and forecast 2022-2027
9.8 China - Market size and forecast 2022-2027
9.9 US - Market size and forecast 2022-2027
9.10 Germany - Market size and forecast 2022-2027
9.11 Japan - Market size and forecast 2022-2027
9.12 UK - Market size and forecast 2022-2027
10.3 Impact of drivers and challenges
12.3 Anhui Annada Titanium Industry Co. Ltd.
12.5 Zinc metallurgical chemical industry Celje dd
12.6 CNNC Huayuan Titanium Dioxide Co. Ltd.
12.8 Hangzhou Harmony Chemical Co. Ltd.
12.11 Lomon Billions Group Co. Ltd.
12.12 Nanjing Titanium Dioxide Chemical Co. Ltd.
12.13 Panzhihua Haifengxin Chemical Industry Co. Ltd.
13.3 Currency conversion rates for US$
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