Titanium Dioxide Market Will Reach USD 19.09 Billion by 2026
According to the report, The global titanium dioxide market in 2019 was approximately USD 12.69 Billion. The market is expected to grow above a CAGR of 6.0% and is anticipated to reach over USD 19.09 Billion by 2026.
Titanium dioxide is known to be inert and free. This is used as a UV filter or whitening agent in a range of personal care products, including pressed powders, sunscreen lotions and powder, and loose powders. Titanium dioxide is also UV-stabilized and commonly used in light-sunscreens and pigments. This is used in a wide range of personal care products, and cosmetics.
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Titanium dioxide is also called titania and is a white, opaque natural mineral. It is among the most essential minerals available in a variety of crystalline types, which is a rutile and natural anatase. These natural oxide types can be exploited and used as a commercial source of titanium. The most important function is to give whiteness and opacity typically used as a pigment. In addition, the growing applications of titanium dioxide in printing inks are expected to fuel the growth of the demand for titanium dioxide in the coming years.
The titanium dioxide market is segmented based on type, application, and region. On the basis of type segmentation, the market is classified into anatase and rutile. Based on application, the market is segregated into cosmetics, paints & coatings, ink, pulp & paper, food additives, plastics, and others.
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Some of the essential players operating in the titanium dioxide market, but not restricted to include Jianghu Titanium White, Tronox, Dow Chemical Company, Huntsman International, Titanos Group, Kronos Worldwide, Argex Titanium, Evonik, Henan Billions Chemicals, The Chemours Company, Tayca Corporation, Cristal, and Others.
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