INEOS Acquired Cristal's North American Titanium Dioxide Business from Tronox for $700 Million
- Published | 08 May 2019
The acquisition of Cristal's North American titanium dioxide business by INEOS is expected to expand their pigment market in North America which will influence the global Titanium dioxide in future timeframe.
Global: Tronox Holdings plc, a global mining and inorganic chemicals company, has completed its acquisition of the titanium dioxide ("TiO2") business of The National Titanium Dioxide Company Limited ("Cristal") for $700mn. The proposed sale of the North American business to INEOS, has received support from Cristal and Tronox’s North American customers and will make INEOS the second largest producer of this essential product in the country. Titanium dioxide is a white pigment found in a wide range of applications from paints and varnishes as well as paper and plastics. This acquisition made INEOS to enter the pigments market and become the second largest producer of titanium dioxide in the key North American market. According to BlueWeave Consulting, Rise in demand for paints & coatings due to expanding construction and automotive sectors across the globe will augment the TiO2 industry over the forecast period. Titanium Dioxide is an inorganic bright white compound, used as a vivid colorant in a wide range of products. It is non-reactive & non-toxic in nature and has lustrous properties which enhances the luminous properties of numerous material. It has refractive index more than diamond, has strong tinting strength, and resistance against UV- rays, heat, light and weather change. Titanium dioxide has been used as a range of industrial and consumer products, including paints, coatings, adhesives, paper, plastics and rubber, printing inks, coated fabrics and textiles, as well as ceramics, floor coverings, roofing materials, cosmetics, toothpaste, soap, water treatment agents, pharmaceuticals, food colorants, automotive products, sunscreen and catalysts. The pigmentary form makes use of titanium dioxide’s applications that require white opacity and brightness. The other form ultrafine are used as such as transparency and maximum ultraviolet light absorption, are required, such as in cosmetic sunscreens. Increase in per capita consumption of pigments in emerging economies and increasing demand for titanium dioxide from construction and automobile industries is expected to fuel the titanium dioxide market over forecast period. According to BlueWeave Consulting‘s upcoming report, Titled-“Global Titanium Dioxide Market, By by Grade (Rutile, Anatase), By Application (Paints & Coatings, Pulp & Paper, Plastics, Cosmetics, Ink) and By Region, Size and Forecast 2015- 2025”- Global Titanium dioxide Market is expected with grow with a significant rate in forecast period, 2019-2025, owing to escalating demand for lightweight vehicles because of strict emission policies. In addition, rising number of residential and non-residential construction projects is augmenting the demand for paints & coatings, which will boost the titanium dioxide market in coming years. Furthermore, high demand for anti-corrosive architectural coatings in the pigments has increased the demand for titanium dioxide. Growing use of titanium dioxide in cosmetic industry is also a positive indicator for the growth of the titanium dioxide market in future timeline due to its application in skincare and makeup products. _textRelated Blog
- Prebiotics consumption expands in food and beverage applications...
- Online education industry – How has COVID-19 impacted the growth dynamics
- Lithium ion batteries continue to gain phenomenal traction in the automotive sector...
- Personal Protective Equipment Industry – 6 Major Application Sectors Driving...