The chemical component titanium dioxide (TiO2), which is white in powder form, is used to create brilliant white paints. Paints and coatings, plastics, paper, cosmetics, food colourants, textiles, and many other industrial and consumer applications are among the many uses for this mineral. In the building and automotive sectors, it's also employed for pigmentation in paints and coatings that are used as floor coverings and roofing materials, as well as for designing and coating automotive products and printing inks.
According to SPER market research, ‘France Titanium Dioxide Market Size – By Grade, By Process, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the France Titanium Dioxide Market is predicted to reach USD XX billion by 2033 with a CAGR of XX%.
Drivers -
Expanding Construction Industry: The primary source of the demand for paints and coatings is the building industry, which includes both residential and non-residential structures. Rising purchasing power parity (PPP), more disposable money, fast urbanisation and industrialisation, and high living standards are the main factors driving the construction industry's expansion.
Growing application of coatings and paints in architecture: Architectural paints and coatings contain titanium dioxide. While some specialist coatings need to be corrosion- and UV-resistant, architectural paints must be water- and UV-resistant. Titanium dioxide offers paint protection from UV radiation from the sun and extends the paint's original appearance with a very strong and resilient layer.
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Challenges -
Strict environmental legislation: Many waste products are produced during the production of titanium dioxide, thus governments throughout the world have implemented a range of regulations to restrict emissions and ensure that this rubbish is properly disposed of. Because titanium dioxide is naturally acidic, inappropriate disposal procedures result in a wide range of environmental issues. When sulphuric acid is dumped into the ocean, it kills marine life by rapidly lowering pH and oxygen concentrations.
The titanium dioxide industry suffers as a result of the coronavirus's quick proliferation. A number of companies in the manufacturing sector have temporarily stopped operations due to the extended lockdown and rapidly spreading coronavirus worldwide. Almost every industry in the industrial sector has been significantly impacted. Manufacturers of titanium dioxide are trying to make up for losses caused by the pandemic.
The France Titanium Dioxide Market is dominated by the Northern area of France, which contains industrial centres like Paris and Normandy. The manufacturing sectors that are heavily concentrated in this area include paints, coatings, plastics, and chemicals, all of which are significant users of titanium dioxide. Additionally, key players in the market include companies such as Chemours, Huntsman Corporation, Cristal, Kronos, Tronox, ISK, Lomon, among others.
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, Southern and Northern.
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