The global Titanium Dioxide Market (TiO2) is anticipated to grow at a rate of 4.2 % by 2028 in terms of value, to reach USD 30.72 Billion in 2028 from USD 22.10 Billion in 2020. The increasing application of the product for automotive paints and coating is a crucial factor influencing demand. Major automotive and aerospace manufacturers prefer TiO2 enriched paints for their vehicles for imparting a brighter and durable color. The product is the whitest and brightest of all known pigments that give a unique brightness and resilience to all types of vehicles such as cars, trucks, buses, cruise ships, trains, and airplanes.
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Top Players in the Global Titanium Dioxide (TiO2) Market:
Tayca Corporation, Huntsman Corporation, The Chemours Company, Tronox Limited, Kronos Worldwide Inc., Evonik Industries AG, Cristal Global and Lomon Billions Group.
North America is expected to be one of the key revenue generating regions in the forecast period and grow at a CAGR of 3.9% in the forecast period. North America accounts for around 25 percent of the total global beauty industry. The cosmetics industry in the region is characterized by increasing demand for portable compact beauty products. Growing awareness of health has led to an increase in the demand for products, which are easy to carry and are natural or contain very few chemicals. Additionally, the consumers demand multi-functional products i.e. products that perform functions of several products in one have also witnessed an increase. In such a scenario, compact powders, crayon lipsticks and sunscreens have gained a huge share.
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Market segmentation based on Grade Outlook:
- Rutile
- Anatase
Process Outlook:
- Chloride Process
- Sulfate Process
Application Outlook:
- Paints and Coatings
- Plastics
- Pulp paper
- Cosmetics
- Others
End-users Outlook:
- Automotive
- Personal Care
- Pharmaceuticals
- Food Beverage
- Construction
- Others
Cosmetics Form Outlook:
- Liquid Form
- Powder Form
- Other
Cosmetics Product Outlook:
- Sunscreen
- Pressed Powder
- Moisturizer
- Eye Cosmetics
- Nail Enamel
- Others
Cosmetics Application Outlook:
- UV Protection
- Coloring Agent
- Mineral Makeup
- Others
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Titanium Dioxide (TiO2) market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Titanium Dioxide (TiO2) market?
- Which regional market is expected to lead in terms of revenue share in the global Titanium Dioxide (TiO2) market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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