The global titanium dioxide market is expected to post a CAGR of more than 4% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
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Technavio has announced its latest market research report titled global titanium dioxide (TiO2) market 2019-2023 (Graphic: Business Wire)
Titanium dioxide is finding new applications in the modern ceramic industry. Ceramic manufacturers are increasing the use of TiO2 as an opacifier instead of materials such as tin oxide and zircopax. Ceramic manufacturers add moderate amounts of TiO2 in their products to achieve durable surfaces, strong melts, and rich visual textures. Titanium dioxide is also used for stoneware glazes to produce matte surface with increased crystallization. Moreover, TiO2 can be used to coat certain ceramic products to make them dirt repellent. The rising number of applications of TiO2 in the ceramics industry is one of the key factors driving the market growth.
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As per Technavio, the emergence of titanium dioxide nanoparticles will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Titanium Dioxide Market: Emergence of Titanium Dioxide Nanoparticles
Titanium dioxide nanoparticles are increasingly being used in sun protection creams, textile fibers, wood preservatives, and various other applications. For instance, the use of TiO2 nanoparticles in printing ink reduces the instances of nozzle clogging and coffee-ring effect in printer systems. The light-absorbing properties of TiO2 nanoparticles help in determining mechanical stress at nanoparticle levels in the materials science and engineering field. Thus, the rising number of applications of TiO2 nanoparticles are expected to boost the growth of market during the forecast period.
"Apart from the emergence of titanium dioxide nanoparticles, the rising popularity of 3D printed titanium dioxide and increasing adoption of titanium dioxide in the telecommunications sector are some other major factors that will boost market growth during the forecast period", says a senior analyst at Technavio.
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Global Titanium Dioxide Market: Segmentation Analysis
This market report segments the global titanium dioxide market by application (paints, plastics, paper, and others), process (sulfate process and chloride process), and geography (APAC, Europe, MEA, North America, and South America).
The APAC region led the market in 2018, followed by North America, Europe, South America, and MEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to the increasing investments in the commercial and residential construction sector along with infrastructural development projects.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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