Market Research Future as Published a Research Study on the Titanium Dioxide Market Research Report- Forecast to 2023
Industry Trend News:
Oct 2019 - Tasnee, Saudi Arabia’s second-largest industrial company projected that the cost of the petrochemical around the globe would rise amid China and the United States trade war. Tasnee is one of largest titanium dioxide producer globally. Q2 profit of Tasnee slumped by 25% to $79.1 Million owing to fall of titanium dioxide products and petrochemicals. Earlier in April, Tronox Ltd, a chemical maker acquired domestic and international titanium dioxide business of Cristal, a subsidiary of Tasnee. According to the report, the deal closed with $1.67 Billion in cash and 24% equity.
May 2019 - Voodoo Ride released their new automobile sealant that has been manufactured using nano-technology. This technology includes titanium dioxide as a moisture-repellant and makes it easier to wipe off the water with just one stroke.
Feb 2019 - Food and Drug Administration (FDA) has announced a proposal on the safety of sunscreen which will overhaul the sunscreen industry at large. Among the 16 active ingredients used in sunscreens, only two has been deemed safe to use by the FDA- titanium dioxide and zinc oxide. Both these ingredients are minerals which serve as physical blockers, sit on the skin surface and reflect UV rays.
Browse key industry insights spread across 140 pages with 35 market data tables & 11 figures & charts from the report, “Titanium Dioxide Market Global Information-by Application (Paints, Coatings Plastics, Photo-electrode, Pigment, Paper, Cosmetics, Food Additives and Others) End User (Automotive, Personal Care, Pharmaceutical, Food & Beverages, Construction Industry and Others) and Region - Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023” in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/titanium-dioxide-market-1081
Titanium Dioxide Market Overview:
The global titanium dioxide market is touted to touch USD 44.954 billion at a staggering 14.28% during the forecast period (2018-2023). Titanium dioxide or titania or titanium (IV) oxide is a crystalline, white powder comprising of rutile and ilmenite, which are the key raw materials. This is made using either sulfuric acid or chloride process, known as the sulfate process. Titania is widely utilized as a white pigment especially in coatings application and paints. Besides, it is also used in other applications namely food coloring and sunscreens. FDA has approved its safety in drug, food and cosmetic applications. Titanium oxide is commonly found in chewing gums, sweets and candies and in some chocolates to provide a smooth texture and also in doughnuts to offer texture and color. In personal care items, titanium dioxide is found in toothpaste. The list does not end here. it is also utilized as flavor enhancers in non-white foods such as wine, beer, mustard, soups, seeds, nuts and dried vegetables.
There are many factors that is driving the growth of the titanium dioxide market. Some of these factors as per the Market Research Future (MRFR) report include growing need of titanium dioxide in cosmetics and skin care products such as sunscreens and body lotions, progressive growth in auto industry particularly light-weight automobiles and also construction industry. On the contrary, factors such as environmental regulations and fluctuating cost in the raw materials may hamper the growth of the titanium dioxide market.
Titanium Dioxide Market Key Players:
Chemours Compnay, DowDuPont Inc., Kronos Worldwide, CRISTAL, Huntsman Corp., Evonik Industries, Argex Titanium Inc., Pangang Group Vanadium Titanium & Resources Co., Ltd., Yunnan Dahutong Industry & Trading Co., Ltd and Tronox limited.
Titanium Dioxide Market Regional Analysis:
However, Global titanium oxide market growth is hampered by stringent regulations on the emissions. The process used for the titanium dioxide production also produces solid waste and hazardouis emissions. As there is stringent regulatory framework in place in developed regions, the global titanium dioxide production is anticipated to be hampered.
Rutile and anatase are the two forms of titanium dioxide used in aforementioned industries. Among these types, owing to its suitable charecterestics rutile is preferably used in various industries. On the other hand, anatase has relatively low market share and preferably used in paper industry. Anatase is antcipated to grow at faster rate compared to rutile.
Geographically in terms of consumption, the global titanium dioxide market is dominated by Asia-pacific region. The region is expected to retain its dominance through the forecast period, owing to growing construction, and automotive indutsries in China & India. In addition to this, Asia-pacific is estimated to be the fastest growing market followed by Latin America. North America is the second largest market followed by Europe.
Titanium Dioxide Market Table Of Contents to be Continue……,
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