Lightweight Automobiles Put Demand for Titanium Dioxide in High Gear

By on January 18, 2017 in IN THE NEWS, MATERIAL MATTERS

(press release)

Transparency Market Research  has published a new market report titled “Titanium Dioxide Market for Paints & Coatings, Plastic, Paper, and Other Applications – Global and China Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2023.” According to the report, the global titanium dioxide market was valued at US$ 12.18 bn in 2014 and is anticipated to reach US$ 16.79 bn by 2023, expanding at a CAGR of 3.7% between 2015 and 2023.

Download a report sample here :goo.gl/DMRWCE

Titanium dioxide is a white colored, solid material used across various end-user industries across the globe. It is extensively used as a white pigment in paints and coatings application. Major raw materials used for the production of titanium dioxide include ilmenite and rutile. Moreover, titanium dioxide is produced through either the chloride process or sulphate process.

Rising demand for lightweight automobiles is estimated to be one of the major factors driving the titanium dioxide market across the globe. Increasing preference for fuel-efficient and low emission vehicles has boosted the demand for lightweight vehicles across the globe. Polycarbonate is used extensively in the production of lightweight vehicles. Polycarbonate is characterized by low scratch resistance, which makes it unfeasible in automotive applications.

However, titanium coatings offer high scratch resistance vis-à-vis polycarbonate. Thus, titanium dioxide is increasingly used in coatings applications in the global automotive market. Construction is the other major end-user industry for titanium dioxide across the globe. Expansion in the construction industry in Asia Pacific is projected to augment the demand for titanium dioxide in paints & coatings applications in the next few years.

View highlights of the full Titanium Dioxide Market for Paints & Coatings, Plastic, Paper, and Other Applications – Global and China Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023 report at www.transparencymarketresearch.com/titanium-dioxide-marke…

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