The global Titanium Dioxide Market is
estimated to rise at a robust rate in the forthcoming years owing to the
expansion of the scope and burgeoning applications across the globe. Titanium
Dioxide can be defined as the naturally occurring oxide of titanium. TiO2 is
the chemical formula possessed by the compound. It is said that when the
compound is employed as a pigment, it is usually termed as Titanium White, CI
77891, as well as Pigment White 6 (PW6). Titanium Dioxide is also popularly
known as Titanium (IV) oxide as well as Titania.
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The major sources from where it
is generally obtained may encompass rutile, anatase, and ilmenite. A wide range
of applications that are associated with the usage of the compound ranging from
sunscreen, food coloring, to paint. The manufacturers are taking up various
efforts to raise the efficacy of the compound so that the burgeoning
applications across various sectors can be met. The Titanium Dioxide Industry
is attaining huge recognition across the globe owing to the rising
applications.
The key factors that are
influencing the overall growth of the Titanium Dioxide market in an optimistic
manner may include rapid industrialization, urbanization, developing nations,
up surging demands across various industries, augmentation in the level of
awareness among the end users concerning its efficiency, and increasing
investments by the leading investments. Besides, technological advancements and
rise in the research and development activities are also providing a great
impetus to the overall Titanium Dioxide market growth.
In addition, the manufacturers
are also siding with a wide range of strategies such as joint ventures,
acquisitions, as well as partnerships that is in turn leading to the inorganic
growth of the Titanium Dioxide market. Titanium Dioxide Industry is segmented
by application as Plastic, Paints and Coatings, Paper, and others. Others may
include Inks, Artificial Fibers, and others. Titanium Dioxide Industry is
categorized by geography as North America, Europe, China, Japan, Southeast
Asia, and India.
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Geographically, it has been
observed that North America is dominating the market and it is at the same time
accounting for the largest share in the market and it is estimated that the
region will continue displaying a robust growth in the forthcoming period owing
to rapid growth of many sectors, robust production, wider manufacturing base,
and rising applications.
On the other hand, Europe and
Asia Pacific are also displaying a robust growth due to rising market growth
opportunities in the Titanium Dioxide market and developing nations. The key
players contributing in the development of the Titanium Dioxide Industry are
recognized as Venator Materials LLC, Kronos Worldwide, Tronox, and The Chemours
Company.
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