In this market, coatings, plastics and paper are the major application industries of titanium dioxide. On the basis of its comprehensive research, Lucintel forecasts that the plastics end use segment is expected to show above average growth during the forecast period.

Within the global titanium dioxide market, the coatings segment is expected to remain the largest market. Increasing demand for architectural and industrial coatings in the developing countries of Asia Pacific, particularly China and India, has presented sound opportunities for titanium dioxide in the coatings industry, which would spur growth for this segment over the forecast period.

The rutile segment is expected to remain the largest market by product form because it has highest refractive indices at visible wavelengths, and efficiently scatters visible light, thereby imparting whiteness, brightness and opacity when incorporated into a coating. Therefore, its demand is increasing across a number of applications.

Asia Pacific is predicted to remain the largest market due to growth of end use industries, such as coatings, plastics and paper. The region is expected to witness above-average growth over the forecast period due to economic expansion in India and China and growing consumption of coatings, particularly in the automotive and construction industry.

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