The global Titanium Dioxide market was valued at USD 10.61 billion in 2016 and is projected to reach USD 17.33 billion by 2025, growing at a CAGR of 5.8% from 2017 to 2025. Titanium dioxide is a naturally available oxide of titanium. It is finding greater application globally as it is being used in the manufacturing of paints and coatings. The demand is expected to grow rapidly over the forecast period owing to rapidly advancing manufacturing activities in Asia Pacific.
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1. Market Drivers
1.1 Growing demand in construction and wind energy industries
1.2 Huge demand in emerging economies
2. Market Restraints
2.1 Environmental regulations governing epoxy paints
The global titanium dioxide market is segmented on the basis of grade, application, and region.
1. By Grade:
2. By Application:
2.2 Paints & Coatings
2.5 Pulp & Paper
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. The Chemours Company
2. Tronox Limited
3. Kronos Worldwide
5. Tayca Corporation
6. Huntsman Corporation
7. Cinkarna Celje DD
9. Lomon Billions
10. Grupa Azoty
11. Ishihara Sangyo Kaisha Ltd.
12. Argex Titanium Inc.
13. Apollo Colors Inc.
14. Precheza AS
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the global titanium dioxide market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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