Titanium dioxide Market
Regions Covered
USA
Europe
Asia
Regions Covered
USA
Europe
Asia
Global Titanium dioxide market is estimated to reach $17 billion by 2021, mainly driven by the demand from paints & coatings sector. The sales value of titanium dioxide is higher for paints & coatings segment, as it accounted for more than 60 percent of the total demand in 2016. Increased consumer spend on automobile and construction sectors can be attributed as the major reason for the demand growth in APAC. In the US and Europe, the markets are nearly mature with lesser growth potential compared to APAC economies. With the global GDP expected to grow at the rate of 3.6–4.0 percent until 2021, the titanium dioxide market is most likely expected to follow the same pace. However, recent market events like the major plant shutdown in Europe and environmental regulations in China could alter the market and pricing ecosystem globally in coming years
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