High-end Applications Drive Growth in the Global Titanium Dioxide Sector
Growth of construction and automotive sectors drives paints and coatings applications and subsequently titanium dioxide market demand
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Pigment-grade and nano-grades of titanium dioxide are the key product types in the titanium dioxide market. The high demand from the paints and coatings, plastics, and paper and paperboard industries has been a key contributor to the growth of the titanium dioxide market. The key product types pertaining to every application area have been considered during the course of the research study conducted at the global level. Applications have been quantitatively explained for all key regions for every application market. All region-wise markets have also been broken down further into key sub-regions.
The global titanium dioxide market is expected to witness a moderate growth by volume during the forecast period. The rise in demand for paints and coatings by the infrastructure sector, demand for pigments by the plastics and pulp and paper industries, and growing applications of titanium dioxide in other industry applications have been contributing to the demand rise for titanium dioxide. Asia-Pacific is the dominant region in terms of titanium dioxide production and consumption activity. China has been the leading country globally in terms of titanium dioxide consumption, driven by a large-size and rapidly growing end-use industry.
High-end applications, such as aesthetically superior paints and coatings, superior quality paper pigments, and specialty applications such as those in the field of catalysis and pharmaceuticals are expected to become increasingly important areas of product development.
However, with regulatory bodies across Europe moving toward the step of classifying titanium dioxide as a potential carcinogen, end-use industries have been considering alternatives, which has been to an extent, dampening titanium dioxide market growth.
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