Titanium Dioxide Market Analysis and Forecast, 2014 to 2024

The global titanium dioxide market was estimated at USD 13.70 billion in 2016 and is expected to witness significant growth on account of its increasing use in paints, plastics, paper & pulp, cosmetics, inks, fibers, rubber, food and pharmaceuticals. Growth of these sectors is expected to further propel the growth of the market over the forecast period. Over the past few years, the market of doped titanium dioxide nanoparticles has been increasing owing to its increasing application in solar cells. Doping of nanoparticles helps in enhancing amount of absorption in visible light. For instance, tungsten doped titanium dioxide nanoparticles are used in photo catalysis of sunlight and visible light, widening its application in solar energy.