India Titanium Di-oxide Market to Grow at CAGR 3.9% till 2025
Increasing
demand for titanium Di-oxide from various downstream industries, coupled with
robust growth in construction and automotive sector in the country to drive
India Titanium Di-oxide market in the coming decade
According to the recently
published TechSci Research report “India
Titanium Di-oxide Market Study, 2011 - 2025”, the titanium Di-oxide market
in India is projected to exhibit a CAGR of 3.98% during 2016-2025, owing to broad
growing applications of titanium Di-oxide in paints, rubbers, plastics,
textiles, cosmetics, pare & printings, etc. Titanium is the ninth most
commonly found element in the earth’s crust and is chemically inert in nature.
Titanium Di-oxide is an oxide of titanium metal, which occurs naturally in several
types of mineral sands and rocks. Minerals, metals and chemicals manufacturing
industries majorly produce titanium Di-oxide in two grades namely, Rutile Grade
and Anatase Grade titanium Di-oxide, owing toit’s high refractive index, hiding
power & opacity, low specific gravity and UV protecting properties.
Thereby, boosting consumption of titanium Di-oxideacross various downstream
industries such as paints, paper, rubber, textiles cosmetics etc. Furthermore, increasing
awareness among consumers regarding the physical and chemical properties of
titanium Di-oxide is further projected to drive India titanium Di-oxide market
in the coming years.
Titanium Di-oxide is one of
the major raw material used in paints and coatings manufacturing industries,
owing to it’s high refractive index and whiteness. Increasing construction
projects, rising population and growing urbanization are major factors driving
demand for highly efficient and varied colour range of paints products, thereby
fueling consumption of titanium dioxide chemicals in paint manufacturing
industries. Government of India has planned to invest around USD1 trillion in
infrastructure sector during 2012-2017, which is further projected to drive
consumption of titanium Di-oxide in the country through 2025. Moreover, titanium
dioxide pigments is widely used across various end use industries as it provides
excellent light-scattering properties and opacity even when applied in low
quantities, and has the ability to absorb UV light and provide UV protection
properties to products on which it is applied.
“Paints and varnishes manufacturing
industry is the leading consumer of titanium dioxide in India. Paints is one of
the mostly used building materials in constructions, furniture, automotive and
other industries. Strong growth in construction and automotive industries in India
is the major factor propeling demand for titanium dioxide pigments in paints
and coatings production industry. Over the past few years, India paint market grew
at a rate of around 15% and is expected to grow at the same pace in the coming
years as well. Moreover, textiles, paper, cosmetics, rubbers, etc., are some
the other end use industries that extensively use titanium Di-oxide as key
substrate in manufacturing purposes. Thus, rising application of titanium Di-oxide
in PVC, plastics, printing inks and other manufacturing products is expected to
boost India titanium Di-oxide market during the forecast period.” said Mr.
Karan Chechi, Research Director, with TechSci Research, a research based global
management consulting firm.
“India
Titanium Di-oxide Market Study, 2011 - 2025” has analyzed the potential of the titanium
Di-oxide market in India and provides statistics and information on market
sizes, shares and trends. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyses the emerging trends along with
essential drivers and key challenges faced by India titanium Di-oxide market.
About TechSci Research
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