USD 20.9 billion
Report ID: SQSG15A2012 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 119 | Figures: 77
Global Titanium Dioxide Market size was valued at USD 20.9 billion in 2021 and is poised to grow from USD 22.13 billion in 2022 to USD 37.08 billion by 2030, growing at a CAGR of 5.9% in the forecast period (2023-2030).
Titanium dioxide (TiO2) is a powdered white chemical compound that provides bright white pigmentation. Paints and coatings, plastics, paper, cosmetics, food colorants, textiles, and other industrial and consumer products contain this mineral. It is also used as a pigment in paints and coatings in the construction and automotive industries, where it is used as roofing material and floor coverings, as well as in designing and coating automotive products and printing inks. Rising construction activity in developing regions as a result of population growth can be linked to a high demand for TiO2 for paints and coatings applications. Furthermore, the increasing use of plastics and rubber in various consumer products is fueling growth.
TiO2 nanoparticles have a wide range of applications in photovoltaic (PV) systems such as dye-sensitized solar cells, quantum dot-sensitized solar cells, polymer-inorganic hybrid solar cells, inorganic solid-state solar cells, and perovskite solar cells. Because of its effectiveness in improving the performance of dye-based cells, the product has a broad range of applications in PV cell coatings as a photoactive material. The increased use of clean energy sources has also fueled product demand in the PV cell application.
US Titanium Dioxide Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 20.9 billion
To get more reports on the above market click here to Buy The Report
Global titanium dioxide market is segmented based on grade, process, application, end user, and region. Based on grade, the Titanium Dioxide Market is segmented into rutile and anatase. Based on process, Titanium Dioxide Market can be categorized as chloride and sulphate. Based on application, Titanium Dioxide Market is again categorized as paints and coatings, plastics, pulp & paper, cosmetics and others. Based on product, Titanium Dioxide Market is segmented as pigmentary and ultrafine. Based on end user, Titanium Dioxide Market is segmented into automotive, construction industry, pharmaceutical and others. Based on region, Titanium Dioxide Market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa.
Titanium Dioxide Market Analysis by Grade
Based on grade, the rutile segment held the largest Titanium Dioxide Market share and accounted for a profit margin in 2021, and it is expected to continue its dominance during the forecast period. Growing construction industry is anticipated to fuel the demand for rutile grade TiO2 during the forecast period.
The anatase pigment is primarily used in the production of enamels and welding electrodes, as well as fibers, ceramics, cosmetics, and pharmaceuticals. Pure TiO2 has a nearly 80% anatase content by weight and a 20% rutile content. Increasing demand for TiO2-based cosmetics is expected to drive anatase TiO2 demand during the forecast period.
Titanium Dioxide Market Analysis by Process
In 2021, the sulfate production process segment dominated the global Titanium Dioxide Market. From 2022 to 2028, the segment is expected to grow at the fastest CAGR. The sulfate process for producing titanium dioxide is ideal for the production of paints and coatings. The growing automotive industry has increased demand for lightweight paints, which has increased demand for sulfate-based TiO2.
The chloride process has several advantages, including quick processing, easy capacity expansion, high automation, relatively low energy consumption, low waste production, and the production of higher quality products. As a result, manufacturers use this process to reduce processing time and increase TiO2 production.
To get detailed analysis on other segments, Request For Sample Report
Global titanium dioxide market is dominated by Asia Pacific and the region is expected to experience significant growth during the forecast period. India, China and other South-East countries have emerged as a significant contributor to market growth in the Asia Pacific region because of the increasing construction activities. The region held the largest revenue share of 41.44% in 2021. The automotive market in Asia Pacific is growing owing to the increasing demand for electric vehicles due to rising fuel prices and environmental pollution concerns associated with gasoline-powered cars.
Titanium dioxide acts as a scattering agent in automotive coatings and provides high chalk resistance with maximum gloss retention. In countries like China, rising development in the construction industry has resulted in increasing demand for paints and coatings. The utilization of TiO2 in China has outshined the U.S on account of its increasing demand in applications like plastics, paper & pulp, paints & coatings, cosmetics and others.
Increased building and construction activities in the North American region is expected to drive the titanium dioxide market. High demand for non-residential construction projects such as hospitals, commercial buildings, and colleges has aided the growth of the North American construction industry.
The Europe region is anticipated to have significant market expansion. This expansion might be ascribed to the rising market demand from customers at different income levels for lightweight, cost-effective vehicles that are environmentally friendly. The popularity of lightweight, durable products with fuel-efficient features is being driven by rising environmental consciousness.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Titanium Dioxide Market Driver
Titanium Dioxide Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
To maintain a competitive edge, major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the prominent market players are also focussing on concentrating on R&D. Various companies follow the work processes and companies such as Tronox Corp., Kronos Worldwide Inc., and Travancore are engaged in the extraction of raw materials as well as titanium dioxide productions which is a positive in the growth of the global market.
Titanium Dioxide Market Top Player’s Company Profile
Titanium Dioxide Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global titanium dioxide market analysis, Asia Pacific (APAC) is expected to capture higher market share, the growth of the region is attributed to growing construction projects in the developing economies. India and China have emerged as a significant contributor to market growth in this region, thanks to the increasing household income which in turn, can boost the titanium dioxide market globally.
|Market size value in 2021||USD 20.9 billion|
|Market size value in 2030||USD 22.13 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Titanium Dioxide Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Titanium Dioxide Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Titanium Dioxide Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Titanium Dioxide Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.