Increased Demand Driving Global Titanium Dioxide Market
The global titanium dioxide market is expected to reach $18.2 billion by 2021.
The global epoxy curing agents market is expected to grow from $3.60 billion in 2017 to $5.02 billion by 2022, at a compound annual growth rate (CAGR) of 6.84% between 2017 and 2022, according to a new market report from Lucintel. The future of the global titanium dioxide market looks promising with opportunities in coatings, plastics, paper and other sectors. The global titanium dioxide market is expected to reach an estimated $18.2 billion by 2021 and is forecast to grow at a CAGR of 3.4% from 2016 to 2021.
The major growth drivers for this market are growing demand for titanium dioxide in end use industries like coatings, plastics and others. Technological innovations aimed at improving manufacturing processes to increase product yield with higher quality is expected to have a positive impact on the titanium dioxide pigment market.