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More than two thirds of the titanium dioxide was processed into pigments.

Parcel tapes will reportedly account for the maximum share owing to their different applications.

The product reportedly is increasingly substituting various organic sealants and adhesives in construction.

The market was valued at $7.56 billion in 2015.

According to a recent report from Ceresana, demand for engineering plastics has been increasing for several years.

Automotive, packaging and construction have traditionally been high consumption application avenues for the industry.

The main reasons for the growth are the increasing use for various functions they serve, along with their structural properties.

The global SBC market size is forecast to reach 2.84 million tons by 2023, growing at compound annual growth rate (CAGR) of 4.8%.

The market is expected to maintain a compound annual growth rate (CAGR) of 7.9% between 2016 and 2022.