Stratview Research announces the launch of a new market research report on the Titanium Dioxide Market by Process Type (Sulfate and Chloride), by Grade (Rutile and Anatase), by Product Type (Pigmentary and Ultrafine), by Application Type (Food, Paints & Coatings, Paper & Pulp, Plastics & Rubber, Cosmetics, Printing Inks, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Insights

The titanium dioxide market was estimated at USD 22.26 billion in 2022 and is likely to grow at a CAGR of 5.77% during 2023-2028 to reach USD 31.24 billion in 2028.

What is titanium dioxide?

Titanium Dioxide (TiO₂) is a white-pigmented compound widely used in various applications including plastics, paper, cosmetics, paints, and other industries. This compound has unique light-scattering properties, chemical stability, and a high refractive index, making it a valuable ingredient in numerous products. Titanium dioxide plays a vital role in several industries, primarily as a pigment, UV absorber, and photocatalyst.

This detailed report provides a complete analysis that reflects today’s Titanium Dioxide Market realities and future possibilities, with a forecast period of 5 years.

The report segmentation evaluates the market to deliver a bird's-eye view to the users. The essential data/information offered in the report can be vital for the market participants to formulate new growth strategies and for staying ahead of the pack.

This report offers detailed overview of the Titanium Dioxide Market along with the industry life cycle analysis, supply chain analysis, Growth drivers and constraints, market trend and forecast analysis, competitive landscape and dynamics, associated growth opportunities and key success factors.

Market Dynamics

Titanium Dioxide’s unique properties make it indispensable in a variety of applications. Owing to its properties and wide range of applications, there are several factors expected to drive growth in the global titanium dioxide market. Below given are a few -

• Growing construction sector – The global construction industry including both residential and non-residential infrastructure is growing rapidly and is expected to more than double in size between 2020 and 2030. Since titanium dioxide is used in a variety of applications in the construction sector, growth in the global titanium dioxide market is expected with the growing construction sector.
• Growing demand from the paints and coatings industry – Titanium dioxide is one of the major components in paints and coatings used in multiple sectors including automotive, consumer goods, etc. The growing demand for paints and coatings from all these sectors is substantially driving the titanium dioxide market.
• The rapid adoption of ultrafine particles of titanium dioxide in cosmetics – Ultrafine titanium dioxide, also called nanoscale titanium dioxide has excellent transparency, and more effective ultraviolet (UV) scattering and absorbing properties. Ultrafine titanium dioxide when used in various applications in the cosmetics industry, such as creams, loose and pressed powders, eyeshadows, sunscreens, etc. provides flawless effect and better protection against harmful sun rays. Owing to such benefits, more and more cosmetic makers are demanding titanium dioxide.
• Stringent regulations across the globe – Governments across the globe are imposing stringent environmental regulations on the use of certain chemicals in paints and coatings that are harmful. This drives the market for titanium dioxide since this is one of the safest and most environmentally friendly components.

Research Methodology

Stratview Research specifically relies on two types of research methodology –

-        Primary research interviews to get the strategic insights on the market, directly from the industry experts.

-        Secondary research to acquire necessary information for this study. Stratview Research leverages more than 1,000 secondary sources, such as company websites, press releases, white papers, and annual reports and constantly validates through its internal records for authenticity.

Segment-Wise Analysis

The market is segmented as pigmentary and ultrafine. The pigmentary segment held the larger share of the market in 2022 and is expected to remain dominant during the forecast period. Growing penetration of titanium dioxide as pigments in a wide array of industries such as paints & coatings, printing inks, textiles, and others are the major factors driving the dominance of the segment.

The market is segmented as food, paints & coatings, paper & pulp, textiles, plastics & rubber, cosmetics, printing inks, and others. The paints & coatings segment accounted for a market share of more than 50% in 2022 and is expected to lead the market during the forecast period as well.

In terms of regions, Asia-Pacific accounted for the largest market share of more than 40% in 2022, as well as the fastest-growing market for titanium dioxide during the forecast period, with China, Japan, India, and South Korea being the major countries with lucrative growth opportunities. The growth of the market is majorly driven by significant economic development in the regions, the growing disposable income of consumers, and the growing penetration of titanium dioxide in a wide array of industries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

The report discusses current key players in the Titanium Dioxide Market on the basis of intensive research. According to the experts, the market has the following key players-

• The Chemours Company
• Venator Material Plc
• Kronos
• Lomon Billions
• Tronox Holding Plc.

Why invest in this report?

The report covers 360-degree angle of the Titanium Dioxide Market and answers the following critical questions -

l  What are the key trends in the Titanium Dioxide Market?

l  How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?

l  What is the impact of COVID-19 on the Titanium Dioxide Market?

l  What are the key strategies adopted by the major vendors to lead in the Titanium Dioxide Market?

l  What is the market share of the top vendors?

About Us

Stratview Research is a global market research company helping its clients’ tract the ever-evolving market scenarios through its market reports. The reports offered here are gathered by market experts with the help of reliable secondary sources and primary interviews with the key players in the market. These reports help the user stay ahead of the curve. It helps the users understand the current and future market trends and challenges on the way.

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