Global Titanium Oxide (TiO2) Market, By Grade (Rutile and Anatase), End User (Agriculture, Automotive, Personal Care, Pharmaceutical, Food and Beverages, Construction Industry and Others), Application (Paints and Coatings, Pulp and Paper, Plastics, Cosmetics, Ink, Plant Growth Enhancers and Others) Process (Sulfate and Chloride), Product (Pigmentary and Ultrafine), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Titanium Oxide (TiO2) Market
Data Bridge Market Research analyses that the titanium oxide (TiO2) market will project a compound annual growth rate (CAGR) of 4.30% during the forecast period of 2021-2028. Growing demand to control various crop related diseases, rising demand for new and mechanized techniques for farming or agriculture especially in the developing countries, rising integration of advanced technology with the agricultural equipment and increasing industry competitiveness are the major factors attributable to the growth of titanium oxide (TiO2) market. This means that the titanium oxide (TiO2) market value, which was USD 2.60 billion in 2020 will climb up to USD 3.64 billion by the year 2028.
Also known as titania, titanium oxide (TiO2) natural metal element that is used in a wide range of applications and is sold in the form of white crystalline powder. Titanium oxide (TiO2) is considered as beneficial for plant growth. The raw materials used in the formation of titanium oxide are rutile and ilmenite (TiO2).
Growing prevalence of parasitic infections and other crop related diseases coupled with increased focus on the research and development proficiencies in regards to agrochemicals will emerge as the major factors fostering the growth of the market. Also, growing demand for effective and efficient crop protection tools and techniques coupled with increasing personal disposable income is another important factor fostering the growth of the market. Growth in the demand for fruit and vegetable food items, cereals and grains and others owing to ever-rising population, rising paints and coatings industry worldwide and rising globalization will further create lucrative and remunerative growth opportunities for the market.
However, rising concerns in regards to the conservation of environment coupled with growing awareness about the harmful effects of pesticides is a major factor that will pose a major challenge to the growth of the market. Also, stringent regulations imposed by the government on the use of agrochemicals and volatility in the prices of raw materials will further slowdown the market growth rate.
This titanium oxide (TiO2) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on titanium oxide (TiO2) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Titanium Oxide (TiO2) Market Scope and Market Size
The global titanium oxide (TiO2) market is segmented on the basis of grade, end user, application, process and product. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on grade, the titanium oxide (TiO2) market is segmented into rutile and anatase.
- On the basis of end user, the titanium oxide market is segmented into agriculture, automotive, personal care, pharmaceutical, food and beverages, construction industry, and others.
- Based on application, the titanium oxide (TiO2) market is segmented into paints and coatings, pulp and paper, plastics, cosmetics, ink, plant growth enhancers and others.
- Based on process, the titanium oxide (TiO2) market is segmented into sulfate and chloride.
The titanium oxide (TiO2) market is also segmented on the basis of product into pigmentary and ultrafine.
Titanium Oxide (TiO2) Market Country Level Analysis
The global titanium oxide (TiO2) market is analyses and market size, volume information is provided by country by grade, end user, application, process and product as referenced above.
The countries covered in the titanium oxide (TiO2) market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific region dominates the titanium oxide (TiO2) market and will continue to flourish its dominance during the forecast period owing to the rising land under agricultural domain especially in the developing economies like India and China. Growing crop losses due to pests, increasing personal disposable income, surge in the expenditure for research and development proficiencies and rising building and construction activities are some other important factors fostering the growth of this region.
The country section of the titanium oxide (TiO2) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Titanium Oxide (TiO2) Market Share Analysis
The global titanium oxide (TiO2) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to titanium oxide (TiO2) market.
The major players covered in the titanium oxide (TiO2) market report are ISHIHARA SANGYO KAISHA, LTD., TAYCA, Huntsman International LLC., The Chemours Company, Tronox Holdings plc, KRONOS Worldwide, Inc., Evonik Industries AG, CINKARNA Celje d.d., LB Group, Ishihara Corporation (U.S.A.), Grupa Azoty., Precheza, Argex Titanium Inc., Apollo Colours Ltd., BASF SE, DuPont., Dow, FMC Corporation and CNH Industrial N.V. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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