titanium dioxide demand is likely to surge at a 5.35% CAGR by 2032 | Fact.MR Study

The global market for titanium dioxide is forecasted to be surge up at a significant pace with a CAGR of 5.35% throughout the forecast period (2022-2032).

As of 2022, the market is slated to be valued at US$ 19 Billion, up from US$ 18 Billion in 2021, representing an annual increase worth 5.5%. By 2032, the industry is poised to reach US$ 32 Billion.

Manufacturing and construction activities were delayed during the pandemic due to supply chain interruptions and manpower shortages, affecting demand from numerous application industries as  paints and coatings, plastics, cosmetics, and others. For example, L'Oréal, the world's largest cosmetics firm, lost EUR 1,735 million (US$ 2,024.52 million) in the first half of 2020 compared to the same period in 2019.

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Key findings of the Titanium Dioxide market study:

·         Regional breakdown of the Titanium Dioxide market based on predefined taxonomy.

·         Innovative manufacturing processes implemented by Titanium Dioxide vendors in detail.

·         Region-wise and country-wise fragmentation of the Titanium Dioxide market to grasp the revenue, and growth outlook in these areas.

·         Changing preferences among consumers across various regions and countries.

·         Factors (Positive and Negative) impacting the growth of the global Titanium Dioxide market.

Competitive Landscape:

The global titanium dioxide market is highly concentrated, with a few important competitors controlling a sizable market share. Several rivals are focusing on regional expansion through a variety of business strategies. Many rivals, for example, are uncovering new titanium dioxide deposits through mergers and joint ventures, as well as collaborations with exploration and mining businesses.

The availability of titanium dioxide was adequate in the previous quarter, and industry users had no difficulty meeting titanium dioxide demand. Late in the year, producers aggressively pushed to off-load titanium dioxide shipments ahead of the calendar year's end in an effort to liquidate outstanding stocks. As a result, a considerable expansion in international chemical trade will have a beneficial impact on market growth

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Key Segments Covered in the Titanium Dioxide Industry Report:

• By Grade

o    Anatase-grade

o    Rutile-grade

•  By Application

o    Paints & Coatings

o    Plastic

o    Pulp & Paper

o    Cosmetics

o    Other Applications

•  By Region

o    North America

o    Latin America

o    Europe

o    East Asia

o    South Asia & Oceania

o    Middle East & Africa

How will be insights and market estimations provided in the Fact.MR report on the Demand of Titanium Dioxide make a difference?

• The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
• The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
• The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
• Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
• Evaluates the role of various stages of funding on new growth avenues in key regional markets 

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