Titanium Dioxide Industry Overview
The global titanium dioxide market size was valued at USD 17.19 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.0% from 2021 to 2028.
The market growth can be credited to the increasing demand for titanium dioxide (TiO2) from the end-user industries. The usage of the product as pigments in paints and coatings formulation is expected to fuel the industry growth over the next few years. Developing countries have witnessed a growing demand for lightweight vehicles in the past few years. Furthermore, the automotive industry in developed regions including North America and Western Europe is exhibiting a promising trend owing to recovery from the financial downturn. Progressive growth in the automotive industry, especially in lightweight automobiles, has driven significant consumption of paints and coatings, which, in turn, is anticipated to propel the demand for TiO2.
Gather more insights about the market drivers, restrains and growth of the Global Titanium Dioxide market
The market in the U.S. was mainly driven by the paints and coatings sector in the recent past. The recovery of the construction industry in the U.S. has boosted the growth of the paints and coatings market, exhibiting rising demand for eco-friendly and anti-corrosive architectural coatings. As a result, the usage of the product as pigments in the formulation of advanced paints and coatings has increased over the past few years.
The product is also used as a dispersing agent, flocculent, and whitening agent in the paints and coatings industry. In automotive coatings, the product is used as a dispersive agent with maximum gloss retention and high chalk resistance. The rapid growth of the automotive industry in China, India, and Japan is expected to augment the product demand over the forecast period.
Coatings formulated using TiO2 have excellent compatibility with polycarbonate, a thermoplastic used as an alternate to glass- and metal-based materials. The rising demand for lightweight vehicles owing to the need for better fuel efficiency has resulted in an increased demand for polycarbonate in the automotive industry, thereby boosting product usage over the past few years.
Nanoparticles of TiO2 are extensively utilized in Photovoltaic (PV) systems including dye-sensitized solar cells, quantum dot-sensitized solar cells, polymer-inorganic hybrid solar cells, inorganic solid-state solar cells, and perovskite solar cells. The product has a wide scope of application in coatings of PV cells as a photoactive material owing to its efficiency in improving the performance of dye-based cells. Focus on increasing the use of clean energy sources has also fueled the product demand in PV cells application.
Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.
- Biodegradable Superabsorbent Materials Market - The global biodegradable superabsorbent materials market size was valued at USD 130.0 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.0% from 2022 to 2030.
- Solar Control Window Films Market - The global solar control window films market size was valued at USD 718.64 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2022 to 2030.
Titanium Dioxide Market Segmentation
Grand View Research has segmented the global titanium dioxide market on the basis of grade, production process, application, and region:
- Titanium Dioxide Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
- Anatase
- Rutile
- Titanium Dioxide Production Process Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
- Sulfate
- Chloride
- Titanium Dioxide Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
- Paints & Coatings
- Plastics
- Pulp & Paper
- Cosmetics
- Others
- Titanium Dioxide Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Key Companies profiled:
Some prominent players in the global Titanium Dioxide market include
- The Chemours Company
- The Tronox Holdings plc
- LB Group
- Venator Materials PLC
- KRONOS Worldwide Inc.
- Evonik AG
- ISHIHARA SANGYO KAISHA, LTD.
- CNNC HUAN YUAN Titanium Dioxide Co., Ltd.
- The Kerala Minerals & Metals Limited
- CATHAY INDUSTRIES
- TOR Minerals International, Inc.
Order a free sample PDF of the Titanium Dioxide Market Intelligence Study, published by Grand View Research.
Titanium Dioxide Rutile market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Titanium Dioxide Rutile market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For China market, this report focuses on the Titanium Dioxide Rutile market size by players, by Type, and by Application, for the period 2016-2027.
The key players include the global and local players which play important roles in China.Segment by Type Sulphate Process Chlorination ProcessDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/103575/global-china-titanium-dioxide-rutile-2027-841 Segment by Application Paints Coatings Plastics PapersBy Region North America U.S. Canada Europe Germany France U.K. Italy Russia Asia-Pacific China Japan South Korea India Australia China Taiwan Indonesia Thailand Malaysia Latin America Mexico Brazil Argentina Middle East & Africa Turkey Saudi Arabia UAEBy Company V.V.
Mineral Yucheng Jinhe Industrial Co., Ltd Jiangxi Jinshibao Mining Machinery Manufacturing Co., Ltd Shanghai Yuejiang Titanium Chemical Manufacturer Co., Ltd Sichuan Lomon Titanium Co.,Ltd.
Global Anatase Titanium Dioxide research report includes specific segments by region (country), by company, by Type and by Application.
This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-anatase-titanium-dioxide-2021-962Segment by Type, the Anatase Titanium Dioxide market is segmented into:Sulfate ProcessChloride ProcessSegment by Application:PaintPlasticsPaperOthersGlobal Anatase Titanium Dioxide Market: Regional AnalysisThe Anatase Titanium Dioxide market is analysed and market size information is provided by regions (countries).
The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.The key regions covered in the Anatase Titanium Dioxide market report are:North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGlobal Anatase Titanium Dioxide Market: Competitive AnalysisThis section of the report identifies various key manufacturers of the market.
Titanium dioxide, also known as titania, refers to finely divided white powders which are chemically unreactive or inert, in contrast to the commonly used substances for coating and paper filling systems.
This naturally occurring crystalline mineral is used for obtaining high opacity in the pulp and paper industry, owing to the high light reflectivity, small particle size, and low light absorption properties of this substance.
In their finely divided form, titanium dioxide pigments are extremely white, even at low concentration levels.
Owing to this feature, such pigments are being increasingly used for enhancing the brightness of paper.Additionally, the rising consumption of titania in the paints and coatings industry, owing to the mineral’s low haze and low-cost, will also drive the titanium dioxide market at 4.5% CAGR during the forecast period (2020–2030).
Thus, the surging sales of paints and coatings, due to the rapidly improving economic conditions, a spike in the urban population, extensive household spending, and huge construction expenditure in numerous countries will aid the market in generating a revenue of $24,026.1 million by 2030.In recent years, titanium dioxide manufacturers such as Alchemy Heavy Metals Pvt.
Ltd., Lomon Billions, China Northern Rare Earth Group High-Tech Co. Ltd., Travancore Titanium Products Ltd., Huntsman International LLC, PRECHEZA a.s., Venator Materials PLC, TAYCA CORPORATION, Titanos Group, The Chemours Company, Kilburn Chemicals Ltd., and Tronox Incorporated have been opting for mergers and acquisitions to cater to the pulp and paper, construction, and automotive industries, which use this compound in huge quantities.
The global titanium dioxide (TiO2) market growth from 2014 to 2024 will depend on increasing the applications of titanium dioxide in water treatment using techniques such as photocatalysis, in which titanium dioxide is used to speed up the solar disinfection process.
Paper industry is the third largest user of titanium dioxide and contributed 10.4% in terms of revenue globally.
Titanium dioxide is used in the manufacturing of decorative papers, these are used in the manufacturing of flooring, furniture, and wallpapers.
Titanium Dioxide Market report endows with a profound overview of product specification, product type, production analysis, and technology by taking into consideration the major factors such as revenue, cost, and gross margin.
According to this report, key players are taking actions such as developments, product launches, acquisitions, mergers, joint ventures and competitive analysis in the Titanium Dioxide industry.
What is more, Titanium Dioxide market report analyses and provides the historic data along with the current performance of the market.
This report is a professional and in-depth analysis on the current state of the market and Titanium Dioxide industry.The titanium dioxide market will reach at an estimated value of USD 1.93 billion and grow at a rate of 8.65% for the forecast period of 2021 to 2028.
Rise in the usage of lightweight materials for enhanced safety and fuel-efficiency is a vital factor driving the growth of titanium dioxide market.A study on market overview is conducted by considering market drivers, market restraints, opportunities and challenges for a particular business.
This Titanium Dioxide market research document is wide-ranging and encompasses various parameters of the market that can be listed as market definition, currency and pricing, market segmentation, market overview, premium insights, key insights and company profile of the key market players.
