Global Titanium Dioxide Market 2017-2021
About Titanium Dioxide
Titanium dioxide is the naturally occurring oxide of titanium and is also known as Titania.
Technavio’s analysts forecast the global titanium dioxide market to grow at a CAGR of 4% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global titanium dioxide market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of titanium dioxide.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global titanium dioxide Market 2017-2021
Technavio recognizes the following companies as the key players in the global titanium dioxide market: Chemours, CRISTAL, Huntsman International, KRONOS Worldwide, and Tronox.
Other Prominent Vendors in the market are: CINKARNA Celje, Evonik Industries, Grupa Azoty Police, Ishihara Sangyo Kaisha, Kemira, Kilburn Chemicals, Louisiana Pigment, Precheza, and Tayca.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increase in penetration of doped and coated titanium dioxide nanomaterials. Doping of titanium dioxide nanomaterials helps in extending the absorption in visible light by narrowing the band gap. Thus, titanium dioxide nanomaterials are doped with various anions such as sulfur, nitrogen, and carbon. For example, tungsten-doped nanomaterials and manganese-doped nanomaterials are widely used in the paints and energy sectors.”
According to the report, one of the major drivers for this market is increasing acceptance of uva/b filters in sunscreens and sun protection cosmetics. The depletion of the ozone layer has become a major cause of concern over the last few decades. It is leading to increased exposure to ultraviolet radiations, which can cause skin cancer and cataracts. It has been found that 10% depletion of the stratosphere can increase the incidence of non-melanoma skin cancer by about 300,000 and that of melanoma skin cancer by about 4,500 every year.
Further, the report states that one of the major factors hindering the growth of this market is supply-demand imbalance resulting in weak titanium dioxide prices. Titanium dioxide holds the largest market share in the global pigments sector. It is one of the key whitening pigments used in the paints and coatings industry. It occurs naturally either in rutile or ilmenite ore. Titanium dioxide is produced through the sulfate process or the chloride process. The chloride process is more technologically advanced. The sulfate process is less expensive, produces environmentally harsh products and low-quality titanium dioxide.
Chemours, CRISTAL, Huntsman International, KRONOS Worldwide, Tronox, CINKARNA Celje, Evonik Industries, Grupa Azoty Police, Ishihara Sangyo Kaisha, Kemira, Kilburn Chemicals, Louisiana Pigment, Precheza, and Tayca.