SAN FRANCISCO, November 10, 2016 /PRNewswire/ --
The global titanium dioxide (TiO2) market is expected to reach USD 66.9 billion by 2025, according to a new report by Grand View Research, Inc. The titanium dioxide market is anticipated to witness growth owing to increasing use as specialty coating material in automobiles and PV systems. Growing consumption of whitening pigments in paints & coatings industry is expected to fuel growth over the forecast period. Increasing spending on cosmetics in emerging economies of BRICS on account of growing awareness regarding personal hygiene is expected to drive product demand over the forecast period. Also, increasing demand for lightweight automotive, particularly in developed countries, is anticipated to have a positive impact on the sector over the next nine years.
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Ilmenite, titanium-iron oxide mineral was primarily used in the product manufacturing. The emergence of new raw materials including rutile, synthetic rutile, and upgraded slag along with ample availability is expected to result in continuous feedstock supply thus driving TiO2 market growth over the forecast period.
Browse full research report with TOC on "Titanium Dioxide (TiO2) Market Size And Forecast By Application (Paints & Coatings, Plastics, Paper & Pulp, Cosmetics), By Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa), By Country And Trend Analysis From 2014 To 2025" at: http://www.grandviewresearch.com/industry-analysis/titanium-dioxide-industry
Further key findings from the report suggest:
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Grand View Research has segmented the global titanium dioxide market on the basis of application and region:
Access research insight: http://www.grandviewresearch.com/research-insights/titanium-dioxide-market-insights-rising-demand-automotive-coatings
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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