The value of the global titanium dioxide market (TiO2) is projected to increase by 4.2% by 2028, from USD 22.10 billion in 2020 to USD 30.72 billion in 2028. One major aspect affecting demand is the product's expanding use in automobile paints and coatings. For their vehicles, major automotive and aerospace manufacturers prefer TiO2-enriched paints because they produce colours that are more vibrant and long-lasting. The material is the whitest and brightest pigment known to man, giving all kinds of vehicles—including cars, trucks, buses, cruise ships, trains, and airplanes—a distinctive brilliance and robustness.

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Top Players in the Global Titanium Dioxide (TiO2) Market:

Tayca Corporation, Huntsman Corporation, The Chemours Company, Tronox Limited, Kronos Worldwide Inc., Evonik Industries AG, Cristal Global and Lomon Billions Group. 

North America is anticipated to generate significant amounts of revenue over the forecast period, expanding at a CAGR of 3.9%. About 25% of the global beauty market is based in North America. The region's cosmetics market is marked by a rise in the popularity of small, portable beauty items. Growing desire for products that are portable, natural, or contain few chemicals is a result of growing health consciousness. Additionally, there has been an upsurge in consumer desire for multi-functional products, or those that serve the purposes of multiple different products in one. Compact powders, crayon lipsticks, and sunscreens have all seen significant growth in this situation.

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Titanium Dioxide (TiO2) Market segmentation

Grade Outlook:

• Rutile
• Anatase

Process Outlook:

• Chloride Process
• Sulfate Process

Application Outlook:

• Paints and Coatings
• Plastics
• Pulp & paper
• Cosmetics
• Others

End-users Outlook:

• Automotive
• Personal Care
• Pharmaceuticals
• Food & Beverage
• Construction
• Others

Cosmetics Form Outlook:

• Liquid Form
• Powder Form
• Other

Cosmetics Product Outlook:

• Sunscreen
• Pressed Powder
• Moisturizer
• Eye Cosmetics
• Nail Enamel
• Others

Cosmetics Application Outlook:

• UV Protection
• Coloring Agent
• Mineral Makeup
• Others

Key Regional Markets Covered in the Report:

·         North America (U.S.A., Canada, Mexico)

·         Europe (Italy, U.K., Germany, France, Rest of Europe)

·         Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)

·         Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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