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Titanium Dioxide Market: Popularity of Fuel-efficient Lightweight Vehicles Driving Demand, says TMR

A recent study by Transparency Market Research (TMR) observes that the   global titanium dioxide market   is concentrated with top five companies collectively accounting for 59% of the shares in 2014. These four companies are The Chemours Company, Huntsman International LLC, CRISTAL, Tronox Ltd., and KRONOS Worldwide, Inc. The Chemours Company is the most prominent manufacturer of titanium dioxide with a capacity of approximately 1.2 mn tons. The company focuses on establishing major research, development, and production facilities across the world to consistently expand its product portfolio. In the recent past, Huntsman International LLC has emerged as the second most important vendor in the global titanium oxide market, actively acquiring regional players in order to expand its business both geographically and in capacity.  According to the TMR report, the global titanium dioxide market had an opportunity worth US$12.18 bn in 2014, and estimates it to reach a...