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Titanium Dioxide Market Business Opportunities, Top Manufacture, Growth, Share Report, Size, Regional Analysis and Global Forecast to 2027

https://www.fortunebusinessinsights.com/titanium-dioxide-tio2-market-102390


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Nitesh Vhaval

4 months ago | 2 min read
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The Global Titanium Dioxide Market share is anticipated to grow at a progressive rate owing to the increasing demand for this chemical compound in the automotive industry, observes Fortune Business Insights™ in its report, The globalTiO2 market size reached USD 16,640.4 million in 2019 and is anticipated to reach USD 24,092.5 million by 2027, exhibiting a CAGR of 6.0% during the forecast period.Rising demand for the chemical compound from various end-use industries in the region including automobile, construction, plastic, and papers is one of the major factors driving the growth of this market.

Salient Features of the Report

The Titanium Dioxide Market report includes a detailed company profile of key players and in-depth analysis of various market segments. It also includes close study of the various drivers and restraints that drive the market along with comprehensive understanding of the positive and negative impacts of regional developments developments on the market.

Market Segmentation

Extensive Utilization in Automobile Space to Help Paints and Coatings Segment Flourish

On the basis of application, the paints and coatings segment dominated the by holding the largest share in 2019. This is attributed to increasing application in automobiles and growing construction activities. The plastics segment showed impressive growth by holding 26.09% share of the market.

The Titanium Dioxide Market report includes a detailed company profile of key players and in-depth analysis of various market segments. It also includes close study of the various drivers and restraints that drive the market along with comprehensive understanding of the positive and negative impacts of regional developments on the market.

Regional Insights-

Rising Demand for Titanium dioxide from End-user Industries to Aid Growth in Asia Pacific

Asia Pacific is estimated to dominate the global titanium dioxide market with a share of USD 7,575.7 million in 2019. Rising demand for the chemical compound from various end-use industries in the region including automobile, construction, plastic, and papers is one of the major factors driving the growth of this market. In addition, improving economic stability in major countries of the region including India and China and the resultant expenditure on infrastructure are increasing the demand from the construction industry.

The market in North America is anticipated to grow potentially in the projected timeline. The increasing technological advancement in the construction space coupled with the high disposable income of consumers is expected to enhance the growth of titanium dioxide in the region.

Information source:

https://www.fortunebusinessinsights.com/titanium-dioxide-tio2-market-102390



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