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Titanium Dioxide (TiO2) Market Size Is Projected To Touch USD 27.49 Billion By 2024 | Hexa Research

November 15
11:50 2018

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Research Report on Titanium Dioxide (TiO2) Market Size, Share, Trends, Demand, Industry Report, Outlook and Forecasts – 2024

15 November, 2018 – The global titanium dioxide market is expected to reach USD 27.49 billion by 2024 owing to the increasing demand of titanium dioxide in paper, paint & coating, cosmetics, and plastic industries. In 2014, DuPont titanium technologies started a manufacturing facility in Alamira, Mexico having a capacity of 200,000 tons/year which will help in fulfilling the demand worldwide.

Rising demand for lightweight automobiles is expected to play a vital role in growth of global titanium dioxide market. Materials such as polycarbonates are used in manufacturing of lightweight automotive which have low scratch resistance value. Also, the product is used in various industries such as chemical intermediates, fiber, technical titanium, inks for printer and rubber.

Keeping these driving factors in mind, companies are ramping up their production capacity. In 2015, PPG International entered in a partnership agreement with Henan Billions Chemicals Co. LTD. to setup a new manufacturing unit for titanium dioxide which is expected to produce 100,000 metric tons per year to expand its footprint in Asia Pacific. Companies such as Argex Titanium are using unique patented CTL process which involves low cost feed stock material and solvent extraction method to produce high quality product.

Browse Details of Report @ https://www.hexaresearch.com/research-report/titanium-dioxide-industry

Also, companies are focusing on increasing the applications of titanium dioxide int water treatment using techniques such as photo catalysis, in which titanium dioxide is used to speed up the solar disinfection process.

In 2016, paint & coating segment contributed 57.4% in terms of revenue. It was also extensively used in plastics industry, paper industry, inks, and other specialty segments. The growth of these sectors is expected to boost the market positively over the next few years.

Plastic industry was the second largest segment due to the increasing applications as an excellent thermal stabilizer. In 2016 plastics segment contributed 23.2% in terms of revenue and is expected to grow with a positive CAGR during forecast period.

Segmentation by manufacturing process, 2014 – 2024 (Kilo Tons) (USD Million)
• Chloride route
• Sulfate process

Segmentation by ore, 2014 – 2024 (Kilo Tons) (USD Million)
• Anatase
• Rutile

Segmentation by application, 2014 – 2024 (Kilo Tons) (USD Million)
• Paints & coatings
• Plastics
• Paper
• Inks
• Specialties
• others

Key players analyzed:

• Argex Titanium Inc
• The chemours company.
• Cristal
• KRONOS worldwide Inc.
• Tronox limited
• Ishihara sangyo kaisha LTD.

Browse Related Reports:  https://www.hexaresearch.com/research-category/paints-coatings-and-printing-inks-industry

About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

More Information Visit @ www.hexaresearch.com

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