The global titanium dioxide market is expected to reach USD 28.5 billion by 2025, according to a new report by Grand View Research, Inc. The increasing application scope of the product as specialty coating materials in the automotive industry and photovoltaic systems is slated to drive the growth of the market during the forecast period.
The paints & coatings industry has been witnessing significant growth in recent years, mainly on account of the increasing consumption in key end-use verticals, including construction, automotive, aerospace, and energy & power. The growing scope of the product as whitening pigments in paints & coatings is expected to have positive impacts on the future growth of the industry. The growing awareness among consumers of emerging economies such as the BRICS nations regarding personal hygiene and care have led to considerable growth of the cosmetics industry. The growing consumption of the product as UV filter and whitening agent in cosmetic goods is expected to drive the overall industry growth during the forecast period. The plastics vertical is anticipated to witness the highest growth over the forecast period, in terms of revenue, slated to grow at a CAGR of 9.7%. The performance attributes of the product including weather ability, whiteness, opacity, and lacing resistance, play a major role in the quality and effectiveness of plastic commodities. Full Research Report On Global Titanium Dioxide Market By Grand View Research: www.grandviewresearch.com/industry-analysis/titanium-dioxide-industry Further key findings from the study suggest:
www.grandviewresearch.com/industry/personal-care-and-cosmetics Grand View Research has segmented the global titanium dioxide market on the basis of application and region: Titanium dioxide application outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
www.grandviewresearch.com/press-release/global-titanium-dioxide-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information: www.grandviewresearch.com
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