Titanium pigment market scale will reach $17 billion in 20202016.08.23 09:11
According to Zion Research analysis, market Research report published in 2014 global titanium pigment market value of $13.5 billion, in 2020 is expected to reach $17 billion, 2015 ~ 2020, the compound annual growth rate of 3.5%.
Titanium pigment is a kind of white crystal powder paint, its main raw material for ilmenite and rutile, production technology is mainly divided into two kinds of sulfuric acid method and the chlorination process. Nature of some organic and inorganic compounds and titanium dioxide mix gives our products different colour.
Titanium dioxide is usually used as white pigment in paints and coatings application fields, such as titanium dioxide, 2014 global output of about 6 million tons.
Global titanium pigment market demand growth in the main power comes from the auto industry to the increase in demand for light vehicles by a coating product demand growth, especially the developed countries such as America, Germany and France. Strict environmental regulations are the main factors that limit global titanium pigment market growth.
Titanium pigment products the most basic applications including paint and coatings, plastics industry, paper industry, ceramic industry, synthetic fiber, ink, etc. Among them, the paint and coatings industry is one of the largest applications, titanium dioxide 2014 total titanium dioxide consumption market share of more than 50%. In the future, the rapid growth of the construction demand growth will drive the paint and coating, thus stimulating demand for titanium white product. Plastic industry is going to be another faster-growing application field. Titanium pigment market growth is largely benefited from its own characteristics, such as superior strength, covering power is high, bright colors, excellent transparency and so on.
The asia-pacific region has dominated global titanium pigment market, accounted for over 40% of the overall market share in 2014, and this trend will continue. Driven by multiple terminal applications development, Asia Pacific is expected is titanium pigment in the future market of the fastest growing areas, especially in emerging economies such as India and China. North America will follow suit, and is the third largest market in Europe.
Global titanium dioxide industry, the main production enterprises including Chemours, CRISTAL, Kronos, huntsman, Argex, panzhihua titanium industry, Tronox, etc.