Titanium Dioxide Market to reach US$ 16.79 bn by 2023 | Page 2

Titanium Dioxide Market
REPORT DESCRIPTION
Titanium Dioxide Market for Paints & Coatings, Plastic, Paper, and
Other Applications - Global and China Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 – 2023
A recent study by Transparency Market Research (TMR) observes that the global titanium dioxide
market is concentrated with top five companies collectively accounting for 59% of the shares in 2014.
These four companies are The Chemours Company, Huntsman International LLC, CRISTAL, Tronox
Ltd., and KRONOS Worldwide, Inc. The Chemours Company is the most prominent manufacturer of
titanium dioxide with a capacity of approximately 1.2 mn tons.
The company focuses on establishing major research, development, and production facilities across
the world to consistently expand its product portfolio. In the recent past, Huntsman International LLC
has emerged as the second most important vendor in the global titanium oxide market, actively
acquiring regional players in order to expand its business both geographically and in capacity.
According to the TMR report, the global titanium dioxide market had an opportunity worth US$12.18
bn in 2014, and estimates it to reach a valuation of US$16.79 bn by the end of 2023, rising at a
CAGR of 3.7% during the forecast period of 2015 to 2023.
Browse Market Research Report @
http://www.transparencymarketresearch.com/titanium-dioxide-market.html
Paints and Coatings Remains Primary Segment
By application, the report segments the global market for titanium dioxide into paints and coatings,
plastic, paper, and others including inks and artificial fibers. In terms of volume, the segment of paints
and coatings currently dominate the demand and is expected to maintain its dominance during the
forecast period due to increasing requirement for paints and coatings across various end-user
industries such as automotive, construction, electronics, personal care, and optical devices. The
plastic titanium dioxide segment is likely to expand at a rapid pace too, particularly in Asia Pacific,
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Transparency Market Research