The report from Global Market Insights attributes the increase in the market to demand for enhancing the visual appeal of surfaces across various industries, from construction to automotive, and beyond.
The TiO2 industry continues to experience difficult times. Multi-national producer volume in 1Q23 was 31% lower than 1Q22, while net exports from China increased 22%. This followed a fourth quarter that was down 35% compared to the previous year. Is there a light at the end of the tunnel, and if so, how long is the tunnel?
The TiO2 industry has experienced three extremely difficult quarters, as rapid decreases in underlying demand, followed by destocking, led to significant decreases in demand. In this column, TiPMC discuss how an increasing portion of the capital investment within TiO2 will focus on cost reduction.
Research firm MarketsandMarkets™ has released a new report that predicts the industrial coatings market will grow from $102 billion in 2021 to $116 billion in 2026, with a compound annual growth rate of 2.5%.