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Asia Pacific Titanium Dioxide Market - By Grade, Application, Region - Analysis on Size, Share, Trends, Opportunities & Forecast | 2022 to 2027

Published: January, 2022
ID: 8187
Pages: 175
Formats: report pdf report excel report power bi report ppt

Asia Pacific Titanium Dioxide Market Size (2022-2027)

The Asia Pacific Titanium Dioxide Market in 2021 is roughly estimated to be worth USD 2.98 Billion, and is expected to be worth over USD 4.81 Billion by 2026 growing at a CAGR of 15.6% during this period. 

Asia Pacific Titanium Dioxide Market is primarily driven by the construction sector that uses a vast amount of Titanium Dioxide in paints, varnishes and coatings. Construction and allied activities compose roughly 80% of the Asia Pacific Titanium Dioxide consumption. Paper and Plastics industry is the next highest consumer of Titanium Dioxide. Titanium Dioxide extraction involves processes that are harmful to the environment and hence its extraction has become a costly affair in Developed countries where the environmental regulations are stringent and are strictly implemented. For this reason a number of countries are investing in environmentally friendly ways to extract Titanium Dioxide.

Asia Pacific Titanium Dioxide Market Segmentation:

On the basis of Grade

  • Ilmenite
  • Rutile.

On the basis of application

  • Paints
  • Varnishes
  • cosmetic products
  • Paper and Plastics
  • Healthcare
  • Food Industry
  • Thin Films
  • New Research

Titanium Dioxide is used commonly as a white pigment and thickener in many dyes, paints, varnishes, coatings, paper, plastics, soaps and creams. This area of the market is set to grow in the coming years due to the construction boom in Asia. It is also used in sunscreen lotions for its UV light absorbing characteristics. It is used in tablets, toothpastes and other food and health products for its white color. The growing middle class of the developing world with its ever increasing appetite for quality products is expected to drive the Titanium Dioxide Market Growth.

Asia Pacific Titanium Dioxide Market geographical analysis:

In view of region, the Asia Pacific Titanium Dioxide Market has been fragmented into countries like China, India, Japan, South Korea. The Key drivers of growth are expected to be India and China. As the populations of these two countries grow, the consumption of Titanium Dioxide is only going to increase in the coming years, soon making India and China the largest consumers of Titanium Dioxide.

By Country:

  • India
  • China
  • Japan
  • South Korea
  • Australia

Asia Pacific Titanium Dioxide Market key players:

  1. Chemours
  2. Huntsman
  3. Kronos
  4. Tronox
  5. Venator
  6. Argex Titanium Inc
  7. Lomon Billion

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