Titanium Dioxide Market By Size, Growth, Trends, Share, and Regional Statistics 2019 to 2027
Verfasser: ashwani_kailiya on Thursday, 2 July 2020Rising residential and commercial construction is scaling up the production of titanium dioxide. The titanium dioxide market is projected to grow steadily at approximately 5% CAGR over the projection period (2019-2027). Further, increasing uptake of titanium dioxide in packaging industry for manufacturing flexible plastic will propel the market growth through 2027.
“Light-phobic properties and high refractive index of titanium dioxide are highly favored attributes amongst consumers. Moreover, novel manufacturing techniques of titanium dioxide such as hydrometallurgical production is spurring the market growth. On that premise, the market will hit approximately US$ 25 Bn by 2027,” finds Fact.MR.
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Titanium Dioxide Market – Key Findings
Paints & coatings remains the leading end-use application of titanium dioxide through the forecast period.
Use of titanium dioxide in plastic segment will expand 1.7X through 2027.
East Asia titanium dioxide market accounts for more than 30% share in the overall market stack.
The titanium dioxide market in Europe will offer promising prospects during the projection period.
Titanium Dioxide Market – Key Driving Factors