Global Titanium Dioxide Market

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

Report ID: SQMIG15A2321 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 119 | Figures: 77

Titanium Dioxide Market Insights

Titanium Dioxide Market size was valued at USD 20.9 billion in 2019 and is poised to grow from USD 22.13 billion in 2023 to USD 37.08 billion by 2031, growing at a CAGR of 5.9% in the forecast period (2024-2031).

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.

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.



Titanium Dioxide Market size was valued at USD 20.9 billion in 2019 and is poised to grow from USD 22.13 billion in 2023 to USD 37.08 billion by 2031, growing at a CAGR of 5.9% in the forecast period (2024-2031).

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 market. 'Chemours Company', 'Tronox Holdings plc', 'Venator Materials PLC', 'Kronos Worldwide, Inc.', 'Cristal', 'Tayca Corporation', 'Lomon Billions Group Co. Ltd.', 'Iluka Resources Limited', 'Henan Billions Chemicals Co., Ltd.', 'Shandong Doguide Group Co., Ltd.', 'CNNC Hua Yuan Titanium Dioxide Co., Ltd.', 'Yunnan Dahutong Industry & Trading Co., Ltd.', 'Pangang Group Vanadium Titanium & Resources Co., Ltd.', 'Grupa Azoty S.A.', 'Precheza a.s.', 'Shandong Dawn Polymer Co., Ltd.', 'Shandong Jinhai Titanium Resources Technology Co., Ltd.', 'Shandong Dongjia Group Co., Ltd.', 'Shaanxi Non-ferrous Tian Hong Recourses Co., Ltd.', 'Anhui Annada Titanium Industry Co., Ltd.'

The key market driver responsible for the market growth is rising demand for lightweight vehicles, which is supported by rising technological advancements and innovations in the automotive industry. Regulations governing emission policies may contribute to an increase in demand for fuel-efficient vehicles. This is expected to boost demand even more. Rising construction activities as a result of consumers' improving lifestyles and increasing renovation activities, as well as new infrastructure projects from governments, are driving the titanium dioxide market growth. Furthermore, growth in other industries such as appliance manufacturing, consumer goods, and electronics is supporting demand.

Increasing use of TiO2 as pigments in paints and coatings, printing inks, textiles, rubbers, and other applications is positively impacting the market. Technological advancement has resulted in the use of TiO2 for lamination, metal decorative inks, and screen printing in the printing inks segment, creating new growth opportunities. Furthermore, the rising demand for lightweight vehicles due to improved fuel efficiency is expected to drive up demand. This mineral is used to coat plastic-based auto parts such as bumpers, interiors, and exteriors.

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.

Request Free Customization

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.


Feedback From Our Clients

Global Titanium Dioxide Market

Product ID: SQMIG15A2321