India Titanium Dioxide Market Overview, 2029

India Titanium Dioxide Market Overview, 2029

In India the titanium dioxide industry arrived almost with the dawn of independence. First plant was set-up by the erstwhile State of Travancore in 1950. However, thereafter the growth of the Indian industry has been rather sluggish. The Indian raw materials may be upgraded to synthetic rutile or titania slag before being exported to fetch better returns. Presently synthetic rutile is being manufactured in the country by IRE, KMML and three other private companies. Another major project is likely to be set up for manufacture of synthetic rutile. Apart from several petroleum-based raw materials, the industry consumes titanium dioxide (TiO2) in a very big way. In fact, TiO2 accounts for about 25% to 30% of the total raw materials consumed by a paint manufacturer. Although estimates suggest that India has one of the world’s largest deposits of ilmenite and rutile, which are used for the commercial production of TiO2, it is heavily dependent on imports. The trend was not always like this though. A decade back, India was a net exporter of TiO2 (see histogram) – a fact almost forgotten by a large section of even industry insiders. The only prominent Indian producer of the popular pigment is Kollam-based Kerala Minerals and Metals and a few very small operators like the BSE-listed Kilburn Chemicals. A peculiar aspect of India’s TiO2 imports is the fact that virtually none of the end users are open about their use of Chinese imports. This, when China has consistently remained at the top of the list of countries from which India imports TiO2. In fact, in FY14, India imported more TiO2 from China than the next two countries – Ukraine and Germany. Asia Pacific has been experiencing rapid industrialization and urbanization, especially in nations like China and India. This growth fuels the demand for titanium dioxide in diverse applications, including automotive, construction and consumer goods.

According to the research report, ""India Titanium Dioxide Market Outlook, 2029,"" published by Bonafide Research, the India titanium dioxide market is anticipated to add to more than USD 400 Million by 2024–29. The Indian titanium dioxide market has experienced robust growth in recent years, propelled by several factors contributing to the industry’s vibrancy. India’s construction boom, driven by infrastructure development and urbanization, has increased the demand for paints and coatings, where titanium dioxide is a critical component. The cosmetics and plastics industries have also witnessed growth, further augmenting the demand for this versatile white pigment. One of the key factors contributing to the surge in demand for titanium dioxide in India is the thriving paints and coatings industry. The production and consumption of paints and coatings are closely linked to various sectors, including construction, automotive, infrastructure, and manufacturing. TiO2 is a naturally occurring oxide of titanium, with a refractive index second only to diamond. It is resistant to discolouration under ultra-violet light, is thermally stable, non-flammable and non-toxic. Because of a unique blend of these qualities, it has gained wide acceptance as a pigment. Other than the paint industry is also extensively used in the making of plastic, paper, ink, rubber, certain pharmaceuticals and cosmetics. In fact, TiO2 is now being increasingly used as a tattoo pigment as well. The recent economic slowdown and the plunge in the Indian rupee has forced many an end user of TiO2 to look towards China, or at least come out in the open about their use of it. This, since the difference in prices between western TiO2 and comparative grades produced in China, continue to remain too high to ignore, particularly in a recessionary economy. Another reason for India’s rising imports of TiO2 from China is the remarkable improvement in its quality.

The paints and coatings section is the main utilization of titanium dioxide in India because of its brilliant properties as a white shade, giving darkness and splendor. The roaring development and car enterprises in India essentially help the interest for paints and coatings. TiO2's capacity to give UV opposition, sturdiness, and a high refractive record makes it imperative in excellent paints and coatings. The paper and Pulp section is becoming because of expanding interest for excellent paper items in bundling, printing, and composing. TiO2 is utilized as a filler and covering shade to further develop splendor, murkiness, and printability of paper. With the ascent in web based business and computerized printing, the interest for premium bundling and pieces of literature is on the ascent, driving the development of TiO2 in this section. Titanium dioxide is utilized in plastics and elastic to improve variety, mistiness, and UV opposition. In plastics, TiO2 gives whiteness and brilliance, which is pivotal for shopper merchandise, bundling, and modern applications. In elastic, further developing strength and tasteful appeal is utilized. In beauty care products, TiO2 is esteemed for its high refractive list and UV-hindering properties. It is generally utilized in sunscreens, establishments, and other magnificence items to give sun security and a smooth, even completion. Titanium dioxide is utilized in printing inks to accomplish high darkness, splendor, and variety constancy. It guarantees that printed materials have sharp, dynamic tones and are impervious to blurring when presented to light. In the food business, TiO2 is utilized as a brightening specialist and variety enhancer in items like confections, dairy items, and bread shop things. It is esteemed for its security and viability in giving a splendid, engaging appearance to food items.

The rutile grade of titanium dioxide is both driving and filling in the Indian market because of its prevalent properties, which make it profoundly pursued in different applications. Rutile TiO2 has a higher refractive list, more noteworthy darkness, and better UV opposition contrasted with anatase TiO2. These properties settle on it the favored decision for top notch paints and coatings, plastics, and paper. Rutile TiO2 gives amazing solidness, sparkle maintenance, and protection from chalking, making it ideal for outside and inside paints. The extending development and auto enterprises in India further drive the interest for elite execution paints and coatings. Rutile TiO2 is utilized widely in plastics for its capacity to give whiteness, splendor, and UV assurance, urgent for keeping up with the appearance and life span of plastic items. In the paper business, rutile TiO2 is liked for top notch printing and bundling papers because of its astounding mistiness and brilliance, upgrading the visual allure and printability of paper items. Anatase grade TiO2 is basically utilized in applications where high splendor and great dispersibility are required, however UV opposition and strength are less basic contrasted with rutile. Anatase TiO2 has a lower refractive record and murkiness than rutile, making it reasonable for, utilized as a filler and covering color to further develop brilliance and obscurity in less requesting paper applications. Utilized in a few restorative items where super fine particles and smooth surface are wanted without the requirement for high UV security. Used to improve splendor and murkiness in clay coatings and material applications.

The Chloride process is both driving and filling in the Indian TiO2 market because of a few benefits over the Sulfate process, which make it more reasonable for great applications. The Chloride process produces TiO2 with higher immaculateness and better quality, which is pivotal for requesting applications like paints, coatings, and plastics. This better is accomplished using cleaner unrefined substances and the capacity to create rutile grade TiO2 all the more productively. The Chloride cycle creates less results and less waste contrasted with the Sulfate process, making it all the more harmless to the ecosystem. This lines up with expanding ecological guidelines and maintainability objectives in India and around the world. Albeit the underlying arrangement cost for the Chloride cycle is higher. It is more proficient and practical over the long haul because of lower functional expenses and better returns. This financial benefit is driving its development in India. The Sulfate process is a more seasoned strategy for delivering TiO2 and includes utilizing sulfuric corrosive to handle ilmenite or titanium slag. It has explicit applications and benefits, particularly in districts with plentiful natural substances reasonable for this cycle. The Sulfate cycle can use a more extensive scope of unrefined components, including lower-grade metals, making it a reasonable choice in locales with such assets. The Sulfate process has lower capital expenses for more modest creation plants, making it reasonable for more limited size tasks and certain specialty applications. In comparison to other countries, India’s emphasis on the Chloride process reflects a global trend towards more sustainable and efficient production methods. Developed countries with stringent environmental regulations and high demand for quality TiO2, such as the United States and countries in Western Europe, also favor the Chloride process.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Titanium Dioxide market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Application
• Paints & Coatings
• Plastics & rubber
• Paper & pulp
• Cosmetics
• Inks
• Food
• Others

By Grade
• Rutile
• Anatase

By Production Process
• Chloride Process
• Sulfate Process

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Titanium Dioxide industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.