“Titanium Dioxide Market Report 2019-2023” helps the consumer to take business decisions and to understand strategies of major players in the industry. The report also calls for market-determined results deriving feasibility survey for consumer needs. Global Titanium Dioxide Market Report ensures qualified and verifiable aspects of market data operating in the real-time scenario. The analytical studies are conducted ensuring consumer needs with a complete understanding of market capacities in the real-time scenario.
Top Listed Players in Titanium Dioxide Market Research Report 2019-2023:
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Titanium Dioxide market reports provide a comprehensive overview of the worldwide market size and share. Titanium Dioxide market data reports also provide a 5-year historic, forecast for the sector, and include data on social-economic data of global. Key stakeholders can consider statistics, tables & figures mentioned in this report for strategic planning which lead to success of the organization.
Overview of Titanium Dioxide Market Report:
The market for titanium dioxide is expected to register a moderate CAGR during the forecast period, 2019 to 2023. This growth is primarily driven by the rapidly growing demand for paints & coatings and increase in demand for lightweight vehicles in the automobile industry.
Increase in Demand for Lightweight Vehicles in Automobile Industry
Lightweight plastics are in high demand in the automotive industry due to their competitive pricing, style, reliability, strength, and safety. Plastic components weigh almost 50% lighter than similar components made from traditional materials, thus providing 25%-35% improvement in fuel efficiency, which is a key factor in the automotive and transportation industry. Every 10% reduction in the vehicle weight is estimated to result in a 5% to 7% reduction in fuel usage. Polycarbonates are the most widely used lightweight plastic material to replace the traditional materials such as bronze, stainless steel, cast iron and ceramics in the automotive industry. Polycarbonates are characterized by their low scratch resistance, which makes it unfeasible for its usage in automotive applications. However, by the addition of titanium dioxide to these plastics, their scratch resistance, light resistance, heat resistance, and weather resistance is rapidly increased making them feasible for use in automotive applications. The global automotive industry has registered a growth of 2.36% Y-o-Y in 2017 over 2016, reaching a total of 97,302,534 vehicles. Currently, to manufacture a typical four-wheel vehicle, 10 kgs of polycarbonate is used in various forms. With polycarbonate expected to replace conventional materials in the aforementioned industry, the demand for titanium dioxide is expected to grow at a rapid pace in the coming years.
Paints & Coatings Segment to Contribute Highest Demand to the Market
Titanium dioxide is the most widely used white pigment material in the paints & coatings industry. It is majorly used because it efficiently scatters visible light and thereby imparts whiteness, brightness, and opacity when incorporated into a coating. Globally, of all the titanium dioxide which is currently being produced, over 55% find its application in paints & coatings industry alone. The global paints & coatings industry is experiencing a boom with rapid growth from the building & construction, and automotive end-user industries. Construction activities in all 19 EUROCONSTRUCT countries have increased by 3.23% in 2017, owing to growing demand for construction in these countries. Furthermore, the market is further expected to rise by around 6% through 2020. According to the European Construction Industry Federation (FIEC), construction activity in the whole EU grew by 2.2% in 2016. In 2017, the overall output of the European construction industry grew by 6.7%, when compared to 2016, reaching a total of EUR 1,364 billion with construction industry accounting for 8.9% of the total GDP (EU 28).
The construction industry in Asia-Pacific is expanding at a very rapid rate primarily from major economies such as China, India, and ASEAN countries. In the fiscal year 2016-17, India had a total FDI investment of USD 60.08 billion, which was 8% higher than the previous year, with large investments in the real estate and infrastructure sectors. The Chinese government has projected the capital expenditure in the construction of HK$ 23,923 million in its proposed budget for 2019-19, i.e. 7% higher than the budget allotted for the FY2017, in order to the construct more affordable flats. The Dubai Expo 2020 which is set to take place over the six-month period between October 2020 and April 2021, is estimated to attract more than 25 million tourists; this is expected to propel the construction market and in turn propel paints & coatings market in Dubai. Additionally, FIFA World-Cup in Qatar (2022) is anticipated to provide significant demand for paints & coatings in construction activities. Hence, with the rapidly growing global paints & coatings industry, the global market for titanium dioxide is expected to experience rapid growth during the forecast period (2019-2023).
North America to Dominate the Market
North America represented the largest regional market for global titanium dioxide market in 2017. This immense demand for titanium dioxide is a consequence of the growing demand for paints & coatings and an increase in consumption of plastics & paper products in the region. In North America, the United States provides the major market for the titanium dioxide with more than 50% of the regional market share. In the first 6 months of 2019, the total number of new residential housing units started in the United States recorded rapid growth of 7.84% when compared to the same time period in 2017. The United States is home to the leading global pulp & paper manufacturing companies such as International Paper, Kimberly-Clark, etc., the United States is the second largest consumer of paper and paperboard products in the world. The per capita consumption of paper & cardboard products of the United States is about 4 time that of the global per capita consumption. United States remains the second largest country in terms of total amount of plastics consumption with an estimated value of USD 11.83 billion. The rapidly growing packaging, electrical & electronics, and automotive sectors in the United States are expected to offer various opportunities for the growth of the plastics market, in turn, will drive the market for titanium dioxide during the forecast period.
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Valuable Points from Titanium Dioxide Market Research Report 2019-2023:
- A complete background analysis, which includes a valuation of the parental Titanium Dioxide Market.
- Significant changes in Market dynamics.
- Titanium Dioxide Market segmentation according to Top Regions.
- Current, Historical, and projected the size of the Titanium Dioxide Market from the viewpoint of both value and volume.
- Reporting and assessment of recent industry developments.
- Titanium Dioxide Market shares and strategies of key Manufacturers.
- Emerging Specific segments and regional for Titanium Dioxide Market.
- An objective valuation of the trajectory of the Market.
- Recommendations to Top Companies for reinforcement their foothold in the market.
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Highlights of the following key factors:
- Business description-A detailed description of the company’s operations and business divisions.
- Corporate strategy –Analyst’s summarization of the company’s business strategy.
- SWOT Analysis-A detailed analysis of the company’s strengths, weakness, opportunities, and threats.
- Company history –Progression of key events associated with the company.
- Major products and services-A list of major products, services, and brands of the company.
- Key competitors –A list of key competitors to the company.
- Important locations and subsidiaries –A list and contact details of key locations and subsidiaries of the company.
- Detailed financial ratios for the past five years –The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
Top Most Regions Covered In Titanium Dioxide Market Research Report 2019-2023:
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America, Middle East, and Africa
Conclusively, this report will provide you a clear view of each facet of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.
Mr. Ajay More
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