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Latin America Titanium Dioxide Market - By Grade (Ilmenite, Rutile), By Application (paints and varnishes, cosmetic products, Paper and Plastics, Healthcare and Food Industry, Thin Films, New Research Applications), By Region (North America, Latin America, Europe, Middle East and Africa) - Industry Analysis, Size , Share, Growth, Trends, Forecast (2022 to 2027)

Published: January, 2022
ID: 8190
Pages: 170
Formats: report pdf report excel report power bi report ppt

Latin America Titanium Dioxide Market Size (2022-2027)

Latin America Titanium Dioxide Market in 2021 is roughly estimated to be worth USD 2.15 Billion, and is expected to be worth over USD 3.45 Billion by 2026 growing at a CAGR of 7.13% during this period.

The growth of the 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 Latin America 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.

Latin America 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

Ilmenite is more widely available than Rutile, and Ilmenite reserves are estimated at 700,000 metric tons while Rutile is estimated at 48,000 tons. Most of the Titanium Dioxide reserves are located in Australia, China, India and South Africa.

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 the developing areas of Latin America. 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.

Latin America Titanium Dioxide Market geographical analysis:

In view of region, the Asia Pacific Biodegradable Plastics Market has been fragmented into countries like Brazil, Argentina, Mexico. All the countries in Latin America are expected to increase their consumption of Titanium Dioxide due to their increasing population and economy.

Latin America Titanium Dioxide Market key players:

  • Huntsman
  • Chemours
  • Kronos
  • Tronox
  • Venator
  • Lomon Billion
  • Argex Titanium Inc.

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