Top Companies in Titanium Dioxide Powder Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Titanium Dioxide Powder Market is projected to reach USD 28.6 billion by 2028 at a CAGR of 5.7% over the forecast period.
The Global Titanium Dioxide Powder Market is valued at USD 20.5 billion in 2021 and is projected to reach USD 28.6 billion by 2028 at a CAGR of 5.7% over the forecast period. The global demand for paints and coatings is rising due to the expanding construction sector, which includes residential and non-residential enterprises. The construction industry in the titanium Dioxide Powder market is also driven by rising urbanization and industrialization, as well as an increase in purchasing power parity with high standards of living. Additionally, the demand for paints and coatings is expanding due to recent developments in the automotive industry. Furthermore, paints and coatings for architecture use Titanium Dioxide Powder. Architectural paints must be water- and UV-resistant, while some specialist coatings must resist chemicals and corrosion. An outstanding long-lasting coating made of Titanium Dioxide Powder resists UV radiation from the sun and keeps a freshly painted appearance for a long time. These elements contribute to the market's expansion.
The market for Titanium Dioxide Powder has expanded due to the rising use of titanium dioxide in various end-user industries, including the production of lightweight cars, increased plastic manufacturing, and rising demand for paints and coatings in the construction industry, particularly in the industrial sector.
However, the worries regarding Titanium Dioxide Powder's negative impacts, such as the fact that it may cause human cancer and be harmful to the environment, are anticipated to hinder its acceptance and serve as a restraint on the market expansion.
Amidst Exponential Growth in Titanium Dioxide Powder Adoption, What Trends Should We Look Forward to?
- Since Titanium Dioxide Powder offers a high color context, including higher intensity and brightness, aids in absorbing oils created by the skin, and shields it from ultraviolet rays, it is widely utilized in the cosmetics business, which is what is causing the market to develop.
- The key factor driving this market's growth is an increase in the demand for lightweight automobiles, facilitated by the automotive industry's ongoing technical developments and advancements. Regulations over emission laws, predicted to raise demand, can be credited with the surge in demand for fuel-efficient vehicles.
- The global titanium dioxide market is expanding due to rising demand for Titanium Dioxide Powder in paints and coatings and expanding applications in the automotive sector.
- The need for paints & coatings rises along with the expansion in residential and non-residential construction projects, which expands the Titanium Dioxide Powder Market.
The Titanium Dioxide Powder Market is dominated by globally established players such as Dupont (US), Anhui Annada Titanium Industry Co. Ltd. (China), Ningbo Xinfu Titanium Dioxide Co. Ltd. (China), Nanjing Titanium Dioxide Chemical Co. Ltd. (China), Baoti Titanium Industry Co. Ltd. (China), Tikon (China), Dawn Titanium Company (China), Yinhai (China), GPRO (China), and FangYuan New Materials Group (China).These companies have developed new products, adopted expansion strategies, and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth Titanium Dioxide Powder Market.
Let's Look at the Top 5 Companies That are Taking the Titanium Dioxide Powder Market by Storm
The Titanium Dioxide Powder Market is expected to grow from USD 20.5 billion in 2021 to USD 28.6 billion in 2028 due to the rising use of Titanium Dioxide Powder in photovoltaic systems and automobile manufacturing (car demand is increasing as the vaccine becomes more widely used). The paint and coatings business has expanded tremendously over the past few years.
- Dupont de Nemours (US)
Du Pont de Nemours, a French-American chemist and industrialist, founded the international chemical company DuPont de Nemours, Inc., or simply DuPont, in 1802. The business began as a significant provider of Titanium Dioxide Powder and later played a significant part in the growth of Delaware.
- Anhui AnnadaTitanium Industry(China)
Tongling City is where Anhui Annada Titanium Industry Co., Ltd. is situated. The company is primarily focused on producing Titanium Dioxide Powder, is actively developing new energy sources, and is making every effort to establish a chemical production enterprise with top-notch goods and competitiveness in domestic and global markets.
- Ningbo XinfuTitanium Dioxide (China)
A high-tech business, Ningbo XinfuTitanium Dioxide Co., Ltd. specializes in creating high purity, non-pigment Titanium Dioxide Powder of the highest grade (Rutile). Titanium dioxide and 600,000 mt of capacity are available annually (sulfuric acid).
- Nanjing Titanium Dioxide Chemical (China)
In 1957, Nanjing Titanium White Chemical Co., Ltd. was founded. It was converted to a private company in 2005 following asset reorganization. It is one of the biggest factories producing sulfuric acid and titanium dioxide. The company's goods are extensively used in a variety of industries, including coatings, papermaking, chemical fibers, inks, plastic tube profiles, films, rubber, leather, and cosmetics.
- BaotiTitanium Industry Co. Ltd. (China)
In China's Titanium Valley, Baoji Titanium Industry is constructing the nation's largest manufacturing and research facility for titanium and titanium alloys. It produces strips, plates, bars, and wires very effectively. It helps to make China one of the four nations with a fully integrated industry chain for Titanium Dioxide Powder.
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