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Titanium Dioxide (TiO2) Market Size Worth USD 28.09 Billion by 2025 | CAGR: 8.4%

The Titanium Dioxide (TiO2) market is expected to grow at CAGR of 8.4% to reach USD 28.09 billion by 2026.

Titanium dioxide is mostly used as a UV-filtering substance in several creams and moisturizing agents. The ability of the product to block harmful sun-rays caters to applications wherein products are recommended to minimize skin-related disorders, rashes, and other diseases. The increased applications of titanium dioxide have contributed to the growing popularity of the product. The increasing number of regulatory approvals will attract market entrants; and at the same time encourage existing companies to enhance their existing portfolio.

Besides cosmetics, the product is used across several applications in the construction as well as food and beverage industry. Variations in product applications will fuel demand for the product and subsequently constitute an increase in the global titanium dioxide market size in the forthcoming years.

Browse 90 Tables and 112 Figures spread through over 150 Pages and in-depth TOC on” Titanium Dioxide (TiO2) Market, By Application (Paper & pulp, Cosmetics, Paints & Coatings, and Plastics), and by Geography (North America, Europe, Asia Pacific, Latin America and MEA) – Analysis, Share, Trends, Size, & Forecast from 2020 – 2026”

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Medical Benefits Will Fuel Product Demand

The properties of titanium dioxide such as resistance to harmful ultra violet (UV) rays have enabled several medical benefits. Although the product is effective in blocking UV, the use of titanium dioxide us not limited to just sunscreen. It is used in manufacturing of lotions and gels. Variations in product offerings have such as bottled spray as well as powdered form have led to a wider product adoption across the world. Besides this, it is also used in several lip balms, with the primary aim or protecting the skin from such harmful rays. The increased emphasis on development of the product and clinical trials associated with uses in other applications will have a positive impact on the growth of the global market.

Consolidated Market Derives Maximum Growth from Few Companies

The titanium dioxide market is consolidated in nature. The global market is dominated by only a few companies. Having said that, the promise show by ongoing clinical trials and the efforts put in by major companies will bode well for the market in the coming years. In the coming years, the market may break its consolidation and we can expect an increase in the number of market entrants.

A few of the leading companies that are currently operating in the global market include:

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