Titanium dioxide (TiO2) is a white powdered chemical component that produces dazzling white pigments. This mineral is utilised in a variety of industrial and consumer applications, including paints and coatings, plastics, paper, cosmetics, food colourants, textiles, and more. It is also utilised in the construction and automotive industries for pigmentation in paints and coatings, which are used as roofing materials and floor coverings, as well as to design and coat automobile items and printing inks.
France Titanium Dioxide Market Driving Factors and Challenges
Drivers:
Growth of the Construction Sector- The building sector, which encompasses both residential and non-residential infrastructure, is the main driver of the demand for paints and coatings. The primary drivers of the construction industry's growth include rising purchasing power parity (PPP), increased disposable income, rapid urbanisation and industrialisation, and high living standards.
Growing use of paints and coatings for architecture
Titanium dioxide is applied to paints and coatings for architecture. Architectural paints need to be UV and water-resistant, while certain speciality coatings need to be resistant to chemicals and corrosion. Titanium dioxide provides an extremely durable and robust layer that protects paint from UV rays from the sun and prolongs the paint's original appearance. Titanium dioxide is added to paints and varnishes meant for outdoor surfaces to increase their resistance to colour fading, chalking, and cracking.
Challenges:
Strict environmental laws
Many waste products are released during the production of titanium dioxide, thus governments all over the world have put in place a variety of rules to control emissions and ensure that this trash is disposed of properly. Because titanium dioxide is naturally acidic, improper disposal methods cause a variety of environmental problems. Marine life is killed when sulphuric acid is thrown into the ocean because it causes a rapid reduction in pH and oxygen concentration.
Price fluctuations for raw materials
The market's expansion is directly impacted by changes in the cost of the raw materials used to produce titanium dioxide. The tight government regulations established for environmental safety as well as the ongoing changes in import and export rules have an impact on the cost of raw materials used to manufacture titanium dioxide.
Impact of COVID-19 on France Titanium Dioxide Market
The rapid spread of coronavirus has a detrimental effect on the titanium dioxide industry. Many businesses and manufacturing industries have temporarily ceased operations because to the protracted lockdown and fast spreading coronavirus around the world. There has been a significant impact on the industrial sector, touching nearly all industries. Titanium dioxide manufacturers are working to recover from pandemic-related losses.
France Titanium Dioxide Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Chemours, Huntsman Corporation, Cristal, Kronos, Tronox, ISK, Lomon, Henan Billions Chemicals, Shandong Doguide Group, Tayca, CNNC HUAYUAN Titanium Dioxide.
France Titanium Dioxide Market Segmentation:
By Grade: Based on the Grade, France Titanium Dioxide Market is segmented as; Rutile, Anatase.
By Process: Based on the Process, France Titanium Dioxide Market is segmented as; Chloride, Sulfate.
By Application: Based on the Application, France Titanium Dioxide Market is segmented as; Paints & Coatings, Plastics, Papers, Others.
By Region: This research includes data for Eastern, Western, Northern, Southern.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.