Revolutionizing Mexican Manufacturing: Titanium Dioxide Market Witnesses Exponential Growth Amidst Focus on Quality, Durability, and Aesthetics | According to RationalStat
The Mexico titanium dioxide market is projected to reach US$ 1,756 million by 2030, at a CAGR of 11.3%.
Wilmington, Delaware, Nov. 17, 2023 (GLOBE NEWSWIRE) -- *Mexico Titanium Dioxide Market* size is valued at *US$ 832.2 million in 2023* and is predicted to rise at a substantial CAGR of 11.3% during the forecast period of 2023 and 2030 according to *RationalStat* analysis.
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*Market Definition, Market Scope, and Report Overview*
The market is driven by the growing demand for titanium dioxide in various industries, including paints and coatings, plastics, and paper. The increasing demand for titanium dioxide is due to its unique properties, such as its high brightness, whiteness, and UV-blocking ability. The paints and coatings industry is the largest consumer of titanium dioxide in Mexico. The growth of this industry is driven by the increasing demand for construction and infrastructure development.
Moreover, the plastics industry is another major consumer of titanium dioxide. The growth of this industry is driven by the increasing demand for packaging and consumer goods. However, there is increasing competition from low-cost producers in China and India coupled with the increasing environmental regulations on the production of titanium dioxide is anticipated to hamper the growth of the Mexico titanium dioxide market.
· According to a deep-dive market assessment by RationalStat, the titanium dioxide market has been analyzed *based on market segments, including grade, application, and geography/regions (including Northern Mexico, Central Mexico, and Southern Mexico)*. The report also offers Mexico and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
· Market intelligence for the titanium dioxide market covers market sizes based on market value (US$/EUR Million) and volume (Kg) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
· In addition, the long-term sector and products/services 10-year outlook and its implications on the titanium dioxide market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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*Mexico* *Titanium Dioxide Market: Segmental and Market Share Analysis*
· Based on the application, the Paints & Coatings segment is expected to capture the majority of the titanium dioxide market owing to the growth of construction activities and infrastructural development.
*Report Synopsis*
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 832.2 million
Market Size Forecast US$ 1,756 million
Growth Rate 11.3%
Dominant Segment Paints & Coatings Segment
Leading Region Central Mexico
Key Market Drivers · Increase in demand from Paints & Coatings applications
· Growth and advancements in industries like Automotive, wooden appliances, etc.
Companies Profiled · Wego Chemical Group
· The Chemours Company
· Hascor Metals S.A. De C.V.
· Nederman Holding AB
· DuPont
· Iluka Resources Limited
· Paul & Company
· Tronox
· American Elements
· Hosokawa Alpine AG
· HENAN JINHE INDUSTRY CO., LTD
· Venator
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*Competition Analysis and Market Structure *
Some of the prominent players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, and partnerships and collaborations are some of the strategies followed by industry players.
Some of the prominent players and suppliers operating and contributing significantly to the titanium dioxide market growth include* Wego Chemical Group, The Chemours Company, Hascor Metals S.A. De C.V., Nederman Holding AB, DuPont, Iluka Resources Limited, Paul & Company, Tronox, American Elements, Hosokawa Alpine AG, HENAN JINHE INDUSTRY CO., LTD, and Venator, among others.*
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*RationalStat has segmented the titanium dioxide* *market based on grade, application**, and region*
· *Mexico **Titanium Dioxide **Market ***Value (US$ Million), Volume (Kg), and Market Share (2019-2030) Analysis by Grade**
· Pigment Grade
· Ultrafine Grade
· *Mexico **Titanium Dioxide **Market ***Value (US$ Million), Volume (Kg), and Market Share (2019-2030) Analysis by Application**
· Paints & Coatings
· Cosmetics
· Adhesives
· Plastics
· Rubber
· Pharmaceuticals
· Food & Beverages
· *Mexico **Titanium Dioxide **Market ***Value (US$ Million), Volume (Kg), and Market Share (2019-2030) Analysis by Region**
· Northern Mexico Titanium Dioxide Market Value (US$ Million), Volume (Kg), and Market Share (2019-2030) Analysis
· Central Mexico Titanium Dioxide Market Value (US$ Million), Volume (Kg), and Market Share (2019-2030) Analysis
· Southern Mexico Titanium Dioxide Market Value (US$ Million), Volume (Kg), and Market Share (2019-2030) Analysis
*For more information about this report- https://store.rationalstat.com/store/mexico-titanium-dioxide-market/#tab-ux_global_tab*
*Key Questions Answered in the Titanium Dioxide Report:*
· What will be the market value of the titanium dioxide market by 2030?
· What is the market size of the titanium dioxide market?
· What are the market drivers of the titanium dioxide market?
· What are the key trends in the titanium dioxide market?
· Which is the leading region in the titanium dioxide market?
· What are the major companies operating in the titanium dioxide market?
· What are the market shares by key segments in the titanium dioxide market?
*Running a Year End Discount of 20%- **https://store.rationalstat.com/store/mexico-titanium-dioxide-market/#tab-ux_global_tab*
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*Research Methodology*
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoints to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
· Defining the problem by understanding the type of market and data required by the client.
· Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
· Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
· Evaluating and analyzing the data by referring to data sources utilized and leveraged.
· Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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*About RationalStat LLC *
RationalStat is an end-to-end Mexico market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support Mexico and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
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