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About this market
The rising use of titanium dioxide in ceramic industry is one of the key factors expected to trigger the market growth in the forthcoming years. It is used as popular ingredient in different products including paint, plastic, paper, pharmaceuticals, and other items. It also provides variegation and crystallization to the color and texture of ceramic glazes. It further prevents pollutants including nitrogen oxide, sulfur oxide, carbon monoxide from affecting ceramic products. As a result, the growing use of titanium oxide will eventually lead to the market growth during the forecast period. analysts have predicted that the titanium dioxide (TiO2) market will register a CAGR of over 4% by 2023.
Market Overview
Growing demand for lightweight vehicles
The demand for lightweight materials in the automotive industry is helping the market for TiO2 grow at a rapid rate given its growing use in coating lightweight materials. The tightening of regulations globally over vehicular emissions and fuel efficiency concerns have compelled manufacturers to take measures in making vehicles lightweight.
High availability of substitutes
The rising prices of TiO2 and its negative effects on human are pushing end-user industries to use substitute products. This will hinder the growth of the titanium dioxide market during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the titanium dioxide (TiO2) market during 2019-2023, view our report.
Competitive Landscape
The market appears to be fairly fragmented with the presence of several market players. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
The rising use of titanium dioxide in ceramic industry is one of the key factors expected to trigger the market growth in the forthcoming years. It is used as popular ingredient in different products including paint, plastic, paper, pharmaceuticals, and other items. It also provides variegation and crystallization to the color and texture of ceramic glazes. It further prevents pollutants including nitrogen oxide, sulfur oxide, carbon monoxide from affecting ceramic products. As a result, the growing use of titanium oxide will eventually lead to the market growth during the forecast period. analysts have predicted that the titanium dioxide (TiO2) market will register a CAGR of over 4% by 2023.
Market Overview
Growing demand for lightweight vehicles
The demand for lightweight materials in the automotive industry is helping the market for TiO2 grow at a rapid rate given its growing use in coating lightweight materials. The tightening of regulations globally over vehicular emissions and fuel efficiency concerns have compelled manufacturers to take measures in making vehicles lightweight.
High availability of substitutes
The rising prices of TiO2 and its negative effects on human are pushing end-user industries to use substitute products. This will hinder the growth of the titanium dioxide market during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the titanium dioxide (TiO2) market during 2019-2023, view our report.
Competitive Landscape
The market appears to be fairly fragmented with the presence of several market players. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
