Titanium Dioxide Market is Expected to Grow at a CAGR of 7.35% by 2030

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Titanium Dioxide Market is Expected to Grow at a
CAGR of 7.35 by 2030
According to ChemAnalyst report, Titanium
Dioxide Market Analysis Plant Capacity,
Production, Operating Efficiency, Demand
Supply, End Use, Distribution Channel, Regional
Demand, 2015-2030, Titanium Dioxide market has
grown significantly in the historic period and is
expected to achieve a very impressive CAGR of
7.35 in the forecast period until 2030. Growing
demand of Titanium Dioxide in the automotive and
construction sector coupled with increasing need
of pigments in various end-use industries
including personal care, pharmaceutical,
construction, automotive, and others is expected
to accelerate the market of Titanium dioxide
across the globe in upcoming years. Read Full
Report Here https//www.chemanalyst.com/industry-
report/titanium-dioxide-market-599 Titanium
Dioxide with a chemical formula (TiO2 ) is a
natural occurring metal element. It is basically
an Oxide of Titanium which is present in three
forms anatase, rutile, and brookite. Titanium
Oxide has high refractive index (RI) due to which
it
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finds application in most of the areas where
white colour or gloss is required. As Titanium
Dioxide is considered safe and an inert material,
it is used in numerous Industrial and commercial
applications including paints and coatings,
plastics and rubber, adhesives, paper, printing
inks, coated fabrics and textiles, ceramics,
floor coverings, roofing materials, cosmetics,
toothpaste, soap, water treatment agents and
others. Due to various novel and useful
properties of Titanium Dioxide, TiO2
nanoparticles have increasingly manufactured and
used in the development of nanotechnologies. Glob
al Titanium Dioxide Market is segmented based on
application, end use, distribution channel and
region. On the basis of Application, the global
Titanium Dioxide market is segmented into
Paints, Coatings, Plastics, Pigment, Pulp and
Paper, Cosmetics, Photoelectrode and others. The
paint and coating industry dominated the global
market for Titanium Dioxide in 2020 and is
expected to maintain its dominance in the coming
years. The dominance of the Paints and coatings
segment is due to increased use of TiO2 for
architectural coatings, protective coatings,
general industrial finishes, powder coatings,
waterborne paints, and other coatings. It is
extensively used as a white pigment material in
the paints and coatings industry. It scatters
visible light, hence, imparts whiteness,
brightness, and opacity when incorporated into a
coating, which makes it widely used in the paint
and coating industry. Request Sample
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m The global Titanium Dioxide market based on
end-use is segregated into Building and
Construction, Automotive, Personal Care,
Pharmaceutical, Food and Beverages, and others.
Among which, the construction and automotive are
the most thriving sectors due to increased
demand of Nanoparticles of Titanium Dioxide in
the construction of residential and
non-residential infrastructures in developing
economies, which will further propel the overall
demand of Titanium Dioxide until 2030. The use
of ultrafine nanoparticles of Titanium Dioxide in
the cosmetics industry, for various applications
such as creams, loose and pressed powders,
eyeshadows, blush, and sunscreens as it provides
better protection
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against harmful sun UV rays, and brightness, is
likely to augment the growth of Titanium Dioxide
market. In 2020, Due to the spread of COVID-19,
Global Titanium dioxide market was negatively
affected due to the lockdowns and restrictions
proposed by the leading authorities to curb the
spreading of the coronavirus. In the first half
of 2020, there was a sudden decline in the
demand of Titanium Dioxide from the construction
and automotive segments. Construction and
automotive industries were among the most
affected industries during the pandemic. However,
increasing demand of Titanium Dioxide from the
paints and coatings industry is the expected to
drive the market growth in upcoming
years. Region wise, APAC Region is holding the
major share of the global Titanium Dioxide
market due to increasing demand of application
areas including paints and coatings, plastics,
cosmetics, construction and automotive. Moreover,
increasing population and per capita income is
another factor augmenting demand growth in the
APAC region. A substantial increase in the
housing construction activities in emerging
economies of Asia-Pacific including China and
India along with the electric vehicle production
and sales, are boosting the paints and coatings
market, further propelling the demand of
Titanium Dioxide. According to ChemAnalyst
report, Titanium Dioxide Market Analysis Plant
Capacity, Production, Operating Efficiency,
Demand Supply, End Use, Distribution Channel,
Regional Demand, 2015-2030, some of the major
players operating in Titanium Dioxide market
include DuPont, Tronox Limited, The Chemours
Company Chemours, NL Industries, Inc, Shandong
Doguide Group Co., Ltd, Argex Titanium Inc.,
Huntsman International LLC., Evonik Industries,
Tayca Corporation, and Others. An exponential
rise in the demand of Titanium Oxide for various
applications including paints, coatings,
plastics, pigment, pulp and paper, cosmetics and
others is expected to accelerate the global
Titanium Dioxide market along with an impressive
CAGR in the next ten years. Demand of Titanium
Dioxide in construction
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sector and lightweight vehicle across the globe
will further propel the market growth in
upcoming years. Due to rising construction
activities across major global economies
including China and India will further drive the
demand of Titanium Oxide, boosting the global
market of Titanium Oxide. As competitors are
emerging across the Titanium Dioxide market, it
is extremely important to notice that which
region will grab the biggest market share in the
forecast period. said Mr. Karan Chechi,
Research Director with TechSci Research, a
research-based management consulting firm
promoting ChemAnalyst worldwide. About
Us ChemAnalyst is a one stop digital platform
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