According to ChemAnalyst report, “India Titanium Dioxide Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2032”, The India Titanium Dioxide Market is likely to grow at a CAGR of 3.97% during the forecasted period by FY2032. The end-use industries Paints & Coatings, Plastic & Polymers, and Others are anticipated to boost the demand for Titanium Dioxide in India in the upcoming years.
Titanium dioxide (TiO2) is derived from the mineral ilmenite (FeO.TiO2), which can be found in the metamorphic, igneous rocks and beach sands of India. India has huge reserves of ilmenite and rutile, majorly located in the coastal regions of Tamil Nadu, Andhra Pradesh, Kerala, and Odisha. Titanium Dioxide (TiO2) is a white permanent pigment popularly used as a raw material in several downstream industries such as paints, paper, toothpaste, plastics, inks, etc. TiO2 can be further categorized into its polymorphic forms- Anatase, Rutile, and Brookite. Of the three, only Anatase and Rutile hold commercial importance. Rutile TiO2 is comparatively more durable and stable with efficient light scattering properties than Anatase pigments which are less durable and are commonly used in low-quality dispersion paints, self-cleaning paints, and in road marking paints. However, Rutile pigments encompass a much broader application portfolio and cover almost all paint types. Apart from paints, Anatase grade is also used in other applications such as plastics, paper, textiles, detergents, printing inks, etc. while Rutile grade is used in the plastics and printing inks sectors.
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It offers its most whiteness and opacity when used in paintings. High concealing power, or the capacity to hide or disguise the underlying substrate, is given to paint as a result. No other white pigment does this function as well as it does. The most significant ingredient now employed by the paint industry for whiteness and opacity is titanium dioxide pigment. Thus, Paints & Coatings is the primary driver of the Titanium Dioxide market in India. It is frequently utilised in the paint and coatings industry because it scatters visible light effectively and adds whiteness, brilliance, and opacity to coatings. The building, construction, and automotive end-user industries are expanding quickly, which is causing a boom in the paints and coatings industry. Apart from that, because of its non-toxic nature and UV absorption properties, TiO2 is also suitable for use in cosmetics, pharmaceuticals, toothpaste, and even in foodstuffs, which also augments the market. Titanium dioxide (TiO2) is often used in the cosmetics industry because it provides a high colour context, including greater intensity and brightness, helps absorb oils produced by the skin, and shelters it from UV radiation.
The India Titanium Dioxide Market is segmented based on end-use, sales channel, and region. Based on end-use, the India Titanium Dioxide market is segregated into Paints & Coatings, Plastic & Polymers, and Others. Among these Paints & Coatings is dominating the Titanium Dioxide market. This segment held roughly 60% of the Titanium Dioxide market in FY2022. Titanium dioxide is used in the paint and coatings industry to increase opacity and endurance, to assure the paint’s longevity, and maintain freshness.
Geographically, the India Titanium Dioxide Market is segregated into North, South, East, and West. In the historic period of FY2015-FY2022, West India has been dominating the market. In FY2022, West India accounted for approximately 60% of the market. West India has been the frontrunner in the consumption of Titanium Dioxide for a variety of uses due to the presence of significant paints & coatings manufacturers like Asian Paints in states like Gujarat, Rajasthan, and Maharashtra.
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“India Titanium Dioxide Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2032” Domestic players in the India Titanium Dioxide market are The Kerala Minerals & Metals Limited, Travancore Titanium Products (TTP) Limited, V.V. Titanium Pigments Private Limited, and Meghmani Organics Limited (MOL). However, Global Titanium Dioxide players are The Chemours Company, Tronox Holdings Plc, Lomon Billions Group, Venator Materials Plc, KRONOS, The Louisiana Pigment Company, LP (KRONOS-Huntsman/Tioxide JV), The Kerala Minerals & Metals Limited, Indian Rare Earths Limited (IREL), and Cochin Minerals & Rutile Ltd (CMRL).
“The increasing rate of urbanization is causing a demand for paints, coatings, and pigment of feedstock chemicals. The constant rising demand of Titanium Dioxide as a white pigment due to its high-refractive index to manufacture paints and coatings which is further used in the automotive and construction industries is anticipated to drive the India Titanium Dioxide market in the forecast period until FY2032. Moreover, due to its UV shielding properties, titanium dioxide has made its place in the cosmetics industry, which supports the Titanium Dioxide market in the forecast period till FY2032. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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