21-Mar-2022 | Facts and Factors
During the projected timeline of 2022 to 2028, the global titanium dioxide market is estimated to grow at a compound annual growth rate (CAGR) of 5.6%. In 2021, the global titanium dioxide market was estimated at USD 18.8 billion, and by 2028, it is predicted to reach USD 27.2 billion.
Titanium dioxide (TiO2) is a white powdered chemical substance that is used to create dazzling white pigmentation. This mineral is used in a wide range of industrial and consumer products, including paints & coatings, paper, plastics, textiles, cosmetics, food colorants, and others. It is also used as a pigment in paints and coatings used in the construction and automotive industries, where it is employed as roofing and floor coverings, as well as for styling and coating automobile goods and printing inks. Rising construction activity in emerging regions as a result of population increases can be linked to the high demand for titanium dioxide for paints and coatings applications. Furthermore, the increasing use of rubber and plastic in a variety of consumer products is fueling growth. The current spread of the COVID-19 is also a contributing factor to the high growth of health equipment, such as insulin pens, respiratory devices, gloves, IV bags, and miniature implants, in which the mineral can be used for coloration of the aforementioned plastic-based products, thereby driving this market forward.
Browse the full “Titanium Dioxide Market By Type (Anatase and Rutile), By Method (Chloride and Sulfate), By End-Use (Textiles, Printing Inks, Pulp & Paper, Food Additives, Plastics & Rubber, Paints & Coatings, Cosmetics, and Others), and By Region-Global and Regional Market Overview, Market Insights, Holistic Analysis, Historical Data, and Forecast 2022–2028” report at https://www.fnfresearch.com/titanium-dioxide-market
Over the forecast period, the rising global paints and coatings sector is expected to increase titanium dioxide market demand. In the industry, the product is widely used to make architectural paints, coatings, wallpaper, plastic paints, radiator paints, and so on. Rising automobile production and construction spending will be important growth drivers for the paints and coatings industry, boosting titanium dioxide demand in the coming years. Another significant growth enabler is the growing trend of self-cleaning technology in numerous end-use sectors around the world. Self-cleaning cloth, antibacterial coverings for hospital infections, self-cleaning pavement, self-cleaning paints, polycarbonate substrate, and more applications are possible for this product.
However, the primary limitation to the titanium dioxide market is its variable prices, which are expected to impede industry expansion over the anticipated time period. Historically, the product's price has fluctuated significantly due to major changes in supply and demand. Such patterns have resulted in TiO2 price volatility, which will have an impact on the titanium dioxide market's development in the next few years.
The global titanium dioxide market is segregated on the basis of type, method, end-use, and region. By type, the market is divided into anatase and rutile. In 2020, the rutile category led the market with a profit share of more than 75.0 percent. This tendency is set to continue during the forecasting period. By method, the market is segmented into chloride and sulfate. The sulfate segment leads the market because of the simpler and more cost-effective way of manufacturing titanium oxide. By end-use, the market is classified into textiles, printing inks, pulp & paper, food additives, plastics & rubber, paints & coatings, cosmetics, and others. Due to the sheer growth in demand for automobiles and growing building activity, the paints & coatings segment dominates the market.
Because of rising consumer demand for sunscreens with increased UV protection, expansion in the automotive industry, and the presence of important market players in the area, North America is likely to account for the biggest revenue share in the global titanium dioxide market over the forecast period. Asia-Pacific is predicted to grow at a high pace over the forecast period, owing to an increase in the number of infrastructure projects, rapid urbanization, considerable growth in the automotive sector, and growing preference for paints & coatings in the region's countries. Increasing investments in modernized, state-of-the-art commercial & residential buildings, increasing development in end-use industries such as plastics, cosmetics, and paints & coatings to meet growing demand, and increasing access to raw materials at cost-effective rates are some of the other factors contributing to the APAC market's revenue growth.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 18.8 Billion |
Projected Market Size in 2028 |
USD 27.2 Billion |
CAGR Growth Rate |
5.6% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Tronox Limited, Cristal Global, Tayca Corporation, Lomon Billions Group, The Chemours Company, Kronos Worldwide Inc., Huntsman Corporation, and Evonik Industries AG., among others |
Key Segment |
By Type, Method, End-Use, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the main competitors dominating the global titanium dioxide market are Tronox Limited, Cristal Global, Tayca Corporation, Lomon Billions Group, The Chemours Company, Kronos Worldwide Inc., Huntsman Corporation, and Evonik Industries AG.
Recent Developments:
- January 2022: LB Group has reported a 1 billion RMB investment in the building of a 200 ktpa titanium dioxide pigment completion plant at its Xiangyang site. Two titanium dioxide pigment completion lines, each capable of processing 100 ktpa of titanium dioxide pigment essential element, will be built.
- July 2021: Venator Materials PLC announced price increases for its titanium dioxide pigments being used in plastics, coatings, paper, and inks around the world. The increase in price for EMEA, Asia-Pacific, and Latin America is USD 200/tons, compared to USD 0.08/lb in North America.
The global titanium dioxide market is segmented as follows:
By Type
By Method
By End-Use
- Textiles
- Printing Inks
- Pulp & paper
- Food Additives
- Plastics & Rubber
- Paints & coatings
- Cosmetics
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Reunion
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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