Global Titanium Dioxide Market: Key Highlights
Global Titanium Dioxide Market: Key Market Dynamics
Global Titanium Dioxide Market: Regional Overview
In the Asia Pacific region, the TiO2 market is growing on the grounds of increasing construction activities. Presence of highly populated countries such as China, and India, which account for the demand of residential and commercial infrastructure further supports the market growth. Hike in new constructions with ongoing renovation activities in the region further generates higher demand for durable construction. This is likely to propel the market growth in the near future. Also, increasing partnership activities by the prominent players in the Asia Pacific, owing to higher demand from end-user industries of the TiO2 in the region is predicted to spur the market growth. For Instance, in Asia Pacific, KRONOS Worldwide, Inc. has signed with the Brenntag AG on TiO2 for the life science segment.
North America has emerged as a promising region for TiO2 market. Consumption of the TiO2 is concentrate in the North America owing to soaring demand from the paints and coating industry, presence of key players in the region is contributing to the regional market growth. Increasing automotive manufacturing in the countries such as United States and Mexico is likely to encourage TiO2 demand in the region. As per Americanautocouncil report, in 2018, 5.9 million vehicles were produced in US by the key players: Fiat Chrysler Automobiles N.V. US (FCA US), Ford, and General Motors. And the car sales in US is projected to grow over 16.8 million vehicles annually till 2025.
Global Titanium Dioxide Market: Key Players Overview
Tronox Holdings plc, is a US based chemical company operates in business of production and sales of inorganic chemicals. The company offers wide range of TiO2, which can be used in paints and coatings, paper and plastic application. The company is actively engaged in business activities to expand its footprint in order to gain dominancy in the titanium dioxide market. For instance, Tronox completed acquisition of The National Titanium Dioxide Company Limited (Cristal) in 2019.
The Chemours Company is a chemical company based in the Delaware, US. It is engaged in providing range of industrial and specialty chemicals and operates through titanium technologies segment, fluoro-products segment and Chemical Solutions segment. The company offers TiO2 through its Ti-Pure portfolio which is used in buildings, packaging, agriculture, medical, personal care and other industries. The company introduced specialty grade TiO2 for printing inks in 2019. The newly launched of titanium dioxide is produced through chloride processing. specialty grade TiO2 is used for production of water- and solvent-based inks that finds application in the flexographic, digital, and gravure printing.
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