2020/5/19
According to analysis,driven by the growth of consumer demand for special coatings,the global titanium dioxide market value will reach US$31.19 billion in 2022.At the same time,the consumer demand for cosmetics driven by the economic growth of the BRICS market will also become a strong driving force for the growth of the titanium dioxide industry One.
The global titanium dioxide market value in 2014 was approximately US$15.17 billion,of which the coatings industry was the largest consumer area.The total consumption in 2014 was approximately US$8 billion.Due to its excellent hiding power,titanium dioxide is mainly used in architectural interior coatings,while Titanium dioxide is also the pigment of choice in architectural coating applications where outdoor functions such as gloss and color retention,self-cleaning,and aging resistance are required.In the field of industrial coatings,due to opacity,outdoor aging resistance,and acid-catalyzed coatings and coatings Titanium dioxide has also been widely used for its unique properties in curing and other fields.
Europe is the second largest consumer market for titanium dioxide in 2014,with a total value of more than US$4.3 billion.The growth of personal care markets in the United Kingdom,Germany,Italy and France will be the driving force for future growth of titanium dioxide,especially ultrafine titanium dioxide.Continuous innovation will create new space for the application of titanium dioxide in personal care and cosmetics.
The compound annual growth rate of titanium dioxide consumption in the plastic industry from 2015 to 2022 is about 4.5%.The future growth of the market demand for plastic doors and windows will have a positive impact on the consumption of titanium dioxide.
The compound annual growth rate(CAGR)of titanium dioxide consumption in the Asia-Pacific region from 2015 to 2022 is about 4%,and the market value CAGR is expected to reach 10%.The main consumer fields are coatings and paints,pulp and paper industries.
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