Titania Slag Market Size, Share, Growth, and Industry Analysis by Type (High Titania Slag & Acid Soluble Slag), By Application (Paint, Paper, Plastics & Others) Regional Forecast to 2028

REPORT OVERVIEW

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The global titania slag market size was USD 33.8937 billion in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with titania slag experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to reach USD 45.1438 billion in 2028, exhibiting a CAGR of 4.89% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Titania slag is a tangible by-product of the manufacturing of ferro titanium. It mostly comprises of calcium, aluminum, and oxygen-containing compounds found in the raw materials used in its production, such as silicon dioxide, magnesium oxide, and other oxides. Currently, it is utilized as a pigment in ceramic tile production to obtain inexpensive brown colors. During processing at extremely high temperatures, they combine with free carbon to produce a residue or slag known as high titanium slag. Changes in the valences of transition metals housed in the crystalline and amorphous phases are the cause of its coloring process.

It is a white inorganic substance that has been utilized for a very long time in many different kinds of products. Its non-toxic, non-reactive, and brilliant qualities are relied upon since they safely increase the whiteness and brightness of various materials. It is the whitest and brightest pigment that is currently understood, and it also has reflective properties. It can scatter and absorb UV rays. The primary crystalline materials identified in the titania slag under research are ilmenite and rutile, with trace amounts of anatase as well.

COVID-19 Impact: Industry Imbalance Causes Market Distortion

For chemicals and advance materials, the COVID-19 outbreak resulted in issues like unstable markets, a decline in client confidence, and challenges with import and export business. The global supply chain includes the sourcing of raw materials, packaging, and distribution. Moving commodities, chemicals, and other items has become challenging due to lockdowns. It had a financial impact on the markets for material in addition to having an immediate impact on markets, supply chains, supply and demand, and all of these other things. Producers of chemicals are focusing on protecting their workforce, operations, and supply networks in order to handle this urgent situation. The pandemic impacted the industry dynamics, forcing organizations to revamp their entire operation structures to maintain stability amid the disruptions. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall chemicals and advanced materials industry. This has partially impacted the titania slag market.

LATEST TRENDS

"Paint Sector to Boost the Market Growth"

The primary trend driving the market is the expansion of product usage in the paint sector. The ultra-white color, high refractive index, and UV resistance of titanium slag make it extremely popular in both the industrial and consumer sectors. It can be found in dozens of everyday items that people use and see. It is referred to as titanium white when used especially as a pigment in paints. Due to its potent, pure whitening abilities, it is also referred to as "the perfect white" or "the whitest white." As the foundation for the majority of paint colors, it is currently one of the pigments that is used the most globally, helping the market as a whole increase sale. Plastics and coatings also include it. Due of its high refractive index, it can scatter visible light when used as a pigment, giving the finished product diversity. When applied to a surface or included in a product, this produces an opaque color and gives the surface or product a dazzling, reflective characteristic, raising demand for the item. The industry is anticipated to grow during the forecast period thanks to this trend. Thus, it is anticipated that the increase of product in paint sector will increase overall market sales. These new developments and varieties in product are mostly to blame for the market's overall growth.

SEGMENTATION

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• By Types 

Based on type, the market is classified into High Titania Slag & Acid Soluble Slag.

• By Application

Based on the market is categorized into Paint, Paper, Plastics & Others.

DRIVING FACTORS

"Automotive & Aerospace Sector that Gives the Market Extra Boost"

The growth of the automotive and aerospace sectors, as well as the rising demand for metal powder used as additives in a variety of industries, including paint, plastic, and rubber applications, are the main factors driving the market. increasing use of glass fiber-reinforced plastics and coatings that contain titanium tetrachloride (TCT) (GFRP). The main market trend is the increase in demand for applications related to transportation, aerospace, and defense. Investments are anticipated from OECD (Organization for Economic Co-operation and Development) nations. Growing population and expanding industries like building and infrastructure development will fuel and accelerate the market's expansion. The aforementioned elements will raise demand for the target market during the forecast period. The market demand is anticipated to be driven by all of these factors. As a result, the growth, and the increasing demand of aerospace sector will boost the market. It will contribute to the expansion of the chemical & advance material industry and it will improve the overall titania slag market growth.

"Acid Soluble & Titanium Dioxide Slag to Encourage Market Expansion"

The utilization of titanium dioxide and acid-soluble slag is another element boosting the industry. Acid-soluble spheroidal graphite (ASSG), which is more frequently used in the industry, is another name for acid-soluble slag. Because of its large specific surface area, low density, and good fluidity, the powder created by this procedure helps the market grow its product. A by-product of the chlorination process is acid soluble slag. About 15% of the titanium dioxide in the slag produced by this method can be used as an ingredient in the cement industry. Numerous products like paints, plastics, paper, and coatings employ titanium dioxide (TiO2). It also goes by the name "titanium white" due to its strong refractive quality. The application areas are plastic additives, organic composting agents & catalysts; ceramic filler material in rubber products; pigment to color shoe polish & others.  Over the course of the forecast period, the aforementioned factors are anticipated to affect sales of the industry. This will increase demand for the product and help the industry as a whole to expand. The product line expansion is helping the market to grow.

RESTRAINING FACTORS

"High Cost of Product to Impede Market Expansion"

The cost of the products is the primary restraint on the market. Direct contact with a product might irritate the throat, nose, and eyes. The primary factor impeding market expansion is the product's demanding maintenance and rising expense. The overall market sales are impacted by this. Therefore, during the forecast period, these factors are anticipated to restrain market growth. But as time goes on, this issue will be resolved in some way. If this problem is fixed, the market will start to grow right away.

REGIONAL INSIGHTS

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"North America Dominating the Market Across the Globe"

The market for titania slag in North America has benefited from the region's expanding industrial development and a number of driving factors that have boosted the potential sectors because this region is the product's primary user. The rising product used in paint; paper & plastics sector is boosting the titania slag market share. Trends toward rapid urbanization will support the market as a whole even more.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

•   Rio Tinto (U.K.)
•   Ansteel (China)
•   TiZir Limited (U.K.)
•   Tronox (U.S.)
•   Lomon (China)

REPORT COVERAGE

The market segmentation by type and application is covered in great detail in the study. A wide range of participants, including current and potential market leaders, are examined in the study. A number of significant factors are expected to lead to a sizeable market expansion. In order to gain market insights, the research also looks at factors that could raise the share of titania slag industry. Forecasts for market growth over the anticipated time period are made in the report. Explaining why one region dominates the global market is the goal of regional research. A number of properly considered factors limit the industry's ability to expand. A strategic analysis of the market is also included in the research. It contains comprehensive market data.