According to a new market report published by
Lucintel, the future of the global titanium dioxide market looks promising with
opportunities in paint and coatings, plastics, paper, and other sectors. The
global titanium dioxide market is expected to reach an estimated $18.2 billion by
2021 and is forecast to grow at a CAGR of 3.4% from 2016 to 2021. The major
growth drivers for this market are growing demand for titanium dioxide in end
use industries like paint and coatings, plastics, and others. Technological
innovations aimed at improving manufacturing processes to increase product
yield with higher quality is
expected to have a positive impact on the titanium dioxide pigment
market.
In this market, paint and coatings, plastics
and paper are the major application industries of
titanium dioxide. On the basis of our comprehensive research, Lucintel
forecasts that the plastics end use segment is expected to show above average
growth during the forecast period.
Within the global titanium dioxide market, the
paint and coatings segment is expected to remain the largest market. Increasing
demand for architectural and industrial coatings in the developing countries of
Asia Pacific, particularly China and India, has presented sound opportunities
for titanium dioxide in the paint and coatings industry, which would spur
growth for this segment over the forecast period.
The rutile segment is expected to remain the
largest market by product form because it has highest refractive indices at
visible wavelengths, and efficiently scatters visible light, thereby imparting
whiteness, brightness and opacity when incorporated into a coating. Therefore,
its demand is increasing across a number of applications.
Asia Pacific is expected to remain the largest
market due to growth of end use industries, such as paint and coatings,
plastics, and paper. Asia Pacific is expected to witness above average growth
over the forecast period due to economic expansion in India and China and growing
consumption of paints & coatings particularly in the automotive and
construction industry.
For business expansion, Lucintel’s report
suggests innovations and new product development, to develop products that exhibits
better opacity, gloss, wetting and dispersibility, and lower energy
requirements. The report further suggests the development of partnerships to
create win-win situations and the development of low-cost solutions for end
users.
Emerging
trend, which have a direct impact on the dynamics of the market, include development
of Argex technology. The Chemours Company, Huntsman Corporation, The National
Titanium Dioxide Company, Ltd. (Cristal), KRONOS Worldwide, Inc., and Tronox Limited are
among the major suppliers of titanium dioxide.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global titanium dioxide market by application type, product form, and region,
and has come up with a comprehensive research report entitled, “Growth
Opportunities for the Global Titanium Dioxide Market 2016-2021: Trends,
Forecast, and Opportunity Analysis.” The Lucintel report serves as a
springboard for growth strategy, as it provides a comprehensive data and
analysis on trends, key drivers, and directions. The study includes a forecast for
the global titanium dioxide market by application type, product form, and
region, as follows:
By application type [Volume (Million Pounds)
and $ Billion Shipment from 2010 to 2021]:
- Paint and Coatings
- Plastics
- Paper
- Others
By Product Form [Volume (Million Pounds) and $
Billion Shipment from 2010 to 2021]:
- Rutile
- Anatase
By region [Volume (Million Pounds) and $ Billion
Shipment from 2010 to 2021]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
This
130-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or
helpdesk@lucintel.com. Lucintel offerings include chemical
market research reports, chemical
industry analysis report, commercial due diligence
report, business
strategy consulting and market
research reports online.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report answers following 11 key
questions:
Q.1. What are some of the
most promising, high-growth opportunities for the titanium dioxide market by application type (Paint and Coatings,
Plastics, Paper and Others), product form (Rutile and Anatase), and region (North
America, Europe, Asia Pacific, and Rest of the World)?
Q.2. Which product segments will grow at a
faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6.
What are emerging trends in this
market and the reasons behind them?
Q.7.
What are some changing demands of
customers in the market?
Q.8. What are the new developments in the market?
Which companies are leading these developments?
Q.9. Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10. What are some of the competitive products and
processes in this area and how big of a threat do they pose for loss of market
share via material or product substitution?
Q.11.
What M&A activity has occurred in
the last 5 years and what has its impact been on the industry?
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