Titanium Dioxide Market Size, Share, Growth Analysis, By Grade(Rutile, Anatase), By Process(Chloride, Sulphate), By Application(Paints, coatings, plastics, pulp & paper), By End User(Automotive, construction industry, pharmaceutical, others), By Region - Industry Forecast 2024-2031

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.