Escalating demand for lightweight vehicles owing to strict emission policies is expected to fuel the market growth over the coming years. Lightweight materials, when coated with titanium dioxide, increase durability, stability, persistence, and scratch resistance.
The product has an increasing application scope in printing inks, rubber, and chemical fibers. In printing inks, it is used in flexographic, lamination, screen printing, UV-cured, and metal decorative inks. Rapidly expanding construction sector, especially in the US, is projected to contribute to the product demand in the years to come.
The product prices in the US are projected to be affected by the demand-supply imbalance in the country. Furthermore, natural disasters in Florida and other parts of the country are anticipated to boost the construction market, thereby augmenting the titanium dioxide market growth.
Paints & coatings application segment led the market in 2018. TiO2 is being increasingly utilized in vehicle paints owing to its resilience and brightness. Also, its high refractive index makes it suitable for pigments in vehicles.