Reportstack has announced a new market research report on the Global Titanium Dioxide Market 2015-2019. The increased demand for titanium dioxide nanoparticles for use in high-efficiency PV installations is expected to fuel the demand for titanium dioxide during the forecast period. Titanium dioxide nanoparticles are used as a semiconductor in this technology, making the technology more economical and efficient. The Global Titanium Dioxide market is expected to grow at a CAGR of 4.02 percent during the forecast period of 2014-2019.
The increasing demand for titanium dioxide as pigments in paints and coatings, plastics, paper and pulp, and other segments is a major factor that is expected to fuel the demand. The demand for titanium dioxide is dependent on the growth of the global GDP and is highly influenced by the construction and manufacturing markets. Hence, the prevailing healthy economic conditions along with the growth in end-user markets such as construction, manufacturing, automotive, and consumer goods is expected to fuel the demand for titanium dioxide.
“Titanium dioxide is the material of choice for self-cleaning windows and hydrophilic self-cleaning surfaces owing to its unique physical and chemical properties,”.
“The technology is expected to be widely adopted in the manufacturing of mirrors, self-cleaning windows and kitchen platforms, antimicrobial surfaces in hospitals, and on PV panels, thereby increasing the useful life of the panels and improving their energy conversion efficiency.”
To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
Complete report available @ Global Titanium Dioxide Market 2015-2019.