Global Titanium Dioxide Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Titanium Dioxide Market Overview:
The titanium Dioxide Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.
Titanium Dioxide Market Report offers in-depth insights, revenue details, and other vital information regarding the global titanium dioxide market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.
The Titanium Dioxide Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global titanium dioxide market report has been segmented on the basis of grade, end-user, and region.
Titanium is a naturally occurring mineral mixed with oxygen and forms titanium dioxide, which is also known as titanium (IV) oxide or titania.
Titanium dioxide is a white crystalline powder, used to enhance the color and shine of certain foods and is also used for food safety applications.
Titanium dioxide is existing in different bulk crystalline forms, such as anatase and rutile, and after processing it is pulverized into a very fine powder.
Titanium dioxide is used in sunscreen for effective protection against UVA/UVB rays, which acts as a physical barrier between the sun’s rays and the skin. It is also used to whiten paint, paper, plastic, rubber, and cosmetics.
According to the FDA and other regulatory agencies globally, titanium dioxide (TiO2) may be safely used for coloring foods. The amount of food-grade titanium dioxide that is used is extremely small, so FDA has set a limit of 1% titanium dioxide for food.
Titanium Dioxide Market Dynamics:
Increasing demand for construction activities coupled with the rising adoption of titanium dioxide in paints and coatings is expected to bolster demand for titanium dioxide across the globe and drives the growth of the target market.
Furthermore, growing demand from the cosmetics and plastics industry is also anticipated to propel the growth of the target market.
Moreover, positive growth in the automotive industry, especially in lightweight automobiles, has driven significant demand for titanium dioxide-based paints & coatings, which in turn is expected to drive the growth of the titanium dioxide market over the forecast period.
However, stringent safety regulations by regulatory agencies and volatile raw material prices may restrain the growth of the global titanium dioxide market during the forecast period.
Innovations and technological advancements are a factor expected to create a lucrative opportunity for growth of the global titanium dioxide market over the forecast period.
In addition to this, improving manufacturing processes while ensuring high quality is expected to have a positive impact on the titanium dioxide market.
Titanium Dioxide Market Analysis by Segment:
On the basis of grade, the rutile segment is expected to hold a significant share in the market over the forecast period. It is projected to be the most lucrative segment during the forecast period, owing to higher specific gravity, and greater chemical stability.
On the basis of application, the titanium dioxide market is segmented into paints & coatings, cosmetics, plastics, and others (paper & pulp, ink).
The paints & coatings segment is expected to contribute a significant share in terms of revenue over the forecast period.
Titanium Dioxide Market Regional Analysis:
The titanium dioxide market in the Asia Pacific is expected to contribute a major revenue share in the target market and is expected to maintain its dominance over the forecast period.
The rapidly increasing construction sector, infrastructural development, and expansion of the automotive industry in countries such as China and India in the region are supporting the growth of the regional market.
Moreover, increasing disposable income and higher standard of living have increased awareness of personal grooming, which in turn is expected to propel titanium dioxide-based cosmetic demand in the region.
North America is anticipated to witness a significant growth rate during the forecast period owing to the increasing demand for automobiles and the construction sector. The market in Europe is expected to contribute moderate revenue share in the global market.
The markets in Middle East & Africa and Latin America are at a nascent stage to the market and are expected to register a moderate growth rate in the global market.
Global Titanium Dioxide Market Segmentation:
Segmentation by Grade:
Segmentation by End-user:
- Paints & Coatings
- Others (Paper & Pulp, Ink)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Tayca Corporation
- Huntsman Corporation
- The Chemours Company
- Tronox Limited
- Kronos Worldwide Inc.
- Evonik Industries AG
- Cinkarna Celje D.D. (CICJ.LJ)
- Lomon Billions Group
- Ishihara Sangyo Kaisha Ltd
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