According to consulting company Grand View Research
latest research report analyzes, driven by increased specialty coatings and
other consumer demand, global titanium dioxide market value will reach US
dollars 31.19 billion in 2022, while the BRICS cosmetics market growth driven
by consumer demand will become a driving force to titanium dioxide industry
In 2014, global titanium dioxide market value is about
$ 15.17 billion, of which the coatings industry is the largest consumer area, in
2014 the total consumption is about US dollars 8 billion, because of its
excellent hiding power, titanium dioxide is mainly used for building interior
wall paints, and for outdoors architectural coatings applications, TiO2 needs
gloss and color retention as well as self-cleaning, anti-aging and other
functions, titanium dioxide is the preferred pigment in the coatings industry
because having opacity, outdoor aging resistance and acid-catalyzed coatings
and coating film curing and other unique performance art, titanium dioxide also
has been widely used.
During 2015—2022, the annual growth rate of consumption
of titanium dioxide for plastic industry compound is about 4.5%, it will be a
positive impact on the formation of titanium dioxide consumption for demand for
plastic doors and windows in the future market.
For Asia and the Pacific during 2015 – 2022, compound
annual growth rate of consumption of titanium dioxide (CAGR) of approximately
4%, while the market value is expected to reach 10% CAGR, the main consumer
areas are coatings and paints, pulp and paper and other industries.