The Global Titanium Dioxide Market share is anticipated to grow at a progressive rate owing to the increasing demand for this chemical compound in the automotive industry, observes Fortune Business Insights™ in its report, The globalTiO2 market size reached USD 16,640.4 million in 2019 and is anticipated to reach USD 24,092.5 million by 2027, exhibiting a CAGR of 6.0% during the forecast period.Rising demand for the chemical compound from various end-use industries in the region including automobile, construction, plastic, and papers is one of the major factors driving the growth of this market. Salient Features of the Report

The Titanium Dioxide Market report includes a detailed company profile of key players and in-depth analysis of various market segments. It also includes close study of the various drivers and restraints that drive the market along with comprehensive understanding of the positive and negative impacts of regional developments developments on the market.

Market Segmentation

Extensive Utilization in Automobile Space to Help Paints and Coatings Segment Flourish

On the basis of application, the paints and coatings segment dominated the by holding the largest share in 2019. This is attributed to increasing application in automobiles and growing construction activities. The plastics segment showed impressive growth by holding 26.09% share of the market.

The Titanium Dioxide Market report includes a detailed company profile of key players and in-depth analysis of various market segments. It also includes close study of the various drivers and restraints that drive the market along with comprehensive understanding of the positive and negative impacts of regional developments on the market.


Regional Insights-

Rising Demand for Titanium dioxide from End-user Industries to Aid Growth in Asia Pacific

Asia Pacific is estimated to dominate the global titanium dioxide market with a share of USD 7,575.7 million in 2019. Rising demand for the chemical compound from various end-use industries in the region including automobile, construction, plastic, and papers is one of the major factors driving the growth of this market. In addition, improving economic stability in major countries of the region including India and China and the resultant expenditure on infrastructure are increasing the demand from the construction industry.

The market in North America is anticipated to grow potentially in the projected timeline. The increasing technological advancement in the construction space coupled with the high 00 million agreement to acquire Titanium Dioxide Company Limited (Cristal) from Tronox Limited. The company currently owns two plants that are located in Ashtabula Ohio, the U.S.

Information source:

https://www.fortunebusinessinsights.com/titanium-dioxide-tio2-market-102390

The global synthetic rubber market is expected to gain momentum from the rising inclination of people from natural rubber to artificial rubber. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Synthetic Rubber Market, 2020-2027.” The report further states that the global market size was USD 30,396.8 million in 2019. It is projected to reach USD 36,761.9 million by 2027, exhibiting a CAGR of 3.2% during the forecast period. Nowadays, several companies are striving persistently to introduce innovative synthetic rubbers to cater to the high demand. In March 2019, for instance, Trinseo unveiled SPRINTANTM 918S, a new grade of Solution Styrene Butadiene Rubber (S-SBR) at the Tire Technology Expo, Germany.

COVID-19 Pandemic to Affect Growth Fueled by Closure of Assembly Plants in U.S.

As the automotive industry is the largest user of this type of rubber, it is experiencing a declining demand because of the COVID-19 pandemic. It is occurring as a result of the disruptions in supply chain networks and temporary closure of assembly plants, especially in the U.S. We are offering authentic research reports to help you choose the best strategy for overcoming the current situation.

 

Report Coverage-

The report aims to analyze the market by considering contributions, prospects, and growth trends. It presents detailed profiles of every key player operating in the market to analyze their core competencies in each segment. At the same time, it ensures to aid our clients better understand the competitive developments, namely, joint ventures, acquisitions, new product developments, agreements, and expansion of production facilities.

Drivers & Restraints-

High Abrasion & Temperature Resistant Properties to Bolster Growth

Synthetic rubber is experiencing high demand from the automotive industry worldwide. It has excellent temperature resistance and abrasion properties that make it the best suited for numerous vehicle manufacturers. The Malaysian Rubber Council (MRC), for instance, declared that the usage of this rubber surged to 15,792 million tons in 2020 from 15,280 million tons in 2019. However, the manufacturing process of this type of rubber can be harmful for the environment. This factor may hinder the synthetic rubber market growth in the upcoming years.

Segments-

Industrial Rubber Goods Segment Generated a Share of 6.2% in 2019

Our analysts have divided the report into type, application, and geography. By type, it is segmented into butyl rubber, polybutadiene rubber, nitrile rubber, styrene-butadiene rubber, and others. Based on application, it is fragmented into footwear, industrial rubber goods, tire, non-tire automotive, and others. Amongst these, the industrial rubber goods segment earned 6.2% in terms of the synthetic rubber market share in 2019. This growth is attributable to the increasing demand for synthetic rubber for the manufacturing of wires & cables, gloves, industrial mats, and conveyor belts.

Regional Insights-

Asia Pacific to Remain at the Forefront Stoked by Rapid Infrastructure Development

By geography, Asia Pacific procured USD 15,711.2 million in terms of revenue in 2019. The rising development of infrastructures and constant product advancements would propel growth in this region. In Europe, the expansion of the automotive industry will accelerate the demand for synthetic rubber, thereby making it the second-largest in terms of revenue. North America is anticipated to show rapid growth fueled by the flourishing electrical & electronic industry.

Browse Summary:

https://www.fortunebusinessinsights.com/synthetic-rubber-market-102144 

 

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"The global powder coatings market size is slated to reach USD 18.95 billion by 2028, registering a 6.2% CAGR during the forecast period. The increasing demand for industrial equipment & machineries in the automotive, infrastructure and construction industry will have an excellent impact on the market growth, states Fortune Business Insights, in a report, titled “Powder https://www.fortunebusinessinsights.com/powder-coatings-market-102139"

—Gabriel S.