Demand for lightweight automobiles coupled with trough regulatory policies to decrease the emissions made by pollution-causing agents are contributing to the growth of market share. In the contemporary market the demand for lightweight vehicles is surging for increased fuel efficiency and safety of automotive is increasing Titanium Dioxide market share. This impact by the automobile industry had contributed positively to the demand for Titanium Dioxide supply. Benefits associated with lightweight materials include coated with titanium dioxides exhibits durability, stability, persistence, and scratch resistance. Its application is high in inks, rubber, and chemical fibres.
Printable inks are utilized for flexographic, lamination, screen printing, UV-cured, and metal decorative inks. The rapid growth of construction activities in developed countries backs the market support of Titanium Dioxide. Hence, growth of residential and non-residential projects supports the need for paints & coatings products. Anti-corrosive architectural pigment coatings have stimulated the market share of titanium dioxide. Costs associated with Titanium Dioxide products developed nations are influencing the supply chain. Natural calamities globally had surged titanium dioxide products especially in the construction industry to rebuild the infrastructure.
The demand for Titanium Dioxide is anticipated to exhibit a CAGR of 5.8% during the forecast period.
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By application, Paints & Coatings segment is anticipated for high demand during the forecast period
Usage of TiO2 is high in vehicle paints due to its resilience and brightness towards extreme environmental conditions. Titanium Dioxide has a refractive index supporting in pigmentation of paints of vehicles. TiO2 is also utilized in magazine papers that could have a glossy finish. TiO2 is used as filler by paper manufacturers that shall boost the market growth during the forecast period. Development of infrastructure in developing countries is prominent backing the demand of anti-corrosion coatings and paints that shall plunge its demand. A cost increase of TiO2 is enabling the demand of substitutes including antimony oxide, zinc oxide, carbonates, and lithopone.
The Titanium Dioxide market in the Asia Pacific accounted for the largest share in 2018 and is expected to remain dominant during the forecast period
The application of Titanium Dioxide in countries of Asia Pacific region is surging the global market share. Manufacturing cost associated with cosmetics, paints and coatings and plastics by use of titanium dioxide as one an ingredient is anticipated to grow during the forecast period. Investments rise among residential and commercial buildings of developing countries including India, China, the Philippines, Vietnam, and Indonesia is anticipated to grow the TiO2 market share.
The Asia-Pacific region has good demand for cosmetic products, due to an impact of westernization trend existing in this region. Cosmetic products demand among teenagers and women who are employed is high by the latest offerings. Hence, these market trends in the Asia Pacific region are contributing to a market share of titanium dioxide during the forecast period.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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