Titanium dioxide poeder in the Asian-Pacific region market annual growth rate will be over 15%

Titanium dioxide poeder in the Asian-Pacific region market annual growth rate will be over 15%

2017-07-12 13:28:01
admin

According to a new report from Grand View Research, global titanium dioxide (TiO2, titanium dioxide) market value is expected to reach $66 billion 900 million by 2025. Because of a surge in demand for paint and paper pulp industry, titanium dioxide Market in Asia Pacific region is expected to grow at a CAGR of over 15% between 2016 and 2025.
In 2015, the total titanium dioxide Market in the world exceeded 7 million 400 thousand tons, expected from 2016 to 2025 the average annual compound growth rate will exceed 9%. Development of special coatings and photovoltaic systems are all driving the growth of titanium dioxide market.The growth of whitening pigments in the paint industry is expected to be the main driving force for the growth of titanium dioxide, and the BRIC countries are expected to emerging economies of cosmetics consumption growth will also promote the growth of demand for titanium dioxide products in the forecast period. In addition, the demand for light vehicles is increasing especially in developed countries, expected in the next 9 years will have a positive impact on consumption of titanium dioxide.
At present, titanium dioxide is the largest application of coating industry, accounted for more than 50% of revenue in 2015. The product can be used for interior architectural coatings outdoor coating applications which need to keep continuous gloss, color retention and self-cleaning ability and high weatherability because of it’s excellent hiding power.
In the field of plastic products for the application of titanium dioxide demand was about 1 million 700 thousand tons in 2015. Increasing in the use of plastic doors and windows in the production is expected to have a positive impact on the titanium dioxide industry in the next 9 years.
Because of surge in demand for paint and paper pulp industry, at present, the consumption of titanium dioxide in the first place in the Asia Pacific region, the compound annual growth rate will remain above 15% growth rate from 2016 to 2025. In addition, in China and India, more and more multinational cosmetics brands, including AVON, Aveda and Revlon will increase demand during the forecast period, personal care products will promote the growth of titanium dioxide consumption in the forecast period.
Europe is the second largest market for titanium dioxide, in 2015 revenue is estimated at more than $5 billion. Growth in the personal care industry in the UK, Germany, Italy and France is expected to boost demand for titanium dioxide in the forecast period, especially for the consumption of specific products of different genders. Ilmenite is mainly used in the production of titanium dioxide, including rutile, synthetic rutile and titanium slag, and adequate supply of the market, will also provide protection for the growth of titanium dioxide market.

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