Titanium Dioxide (TiO2) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Titanium Dioxide Market
The Titanium Dioxide market size was valued at USD 16.640 billion in 2019, and the market is now projected to grow from USD 16.640 billion in 2019 to USD 24.092 billion by 2027, exhibiting a CAGR of 6.0% during the forecast period of 2020-2027.
The COVID-19 pandemic has extensively affected the development industry, resulting in the temporary halt of production activities, manufacturing sports, and exchange activities. This mineral is used as a pigment for paints, so the slowdown of manufacturing activities for paints and coatings, together with stopped construction activities, is resulting in declining intake and call for Titanium Dioxide market growth. The pandemic has further prompted a decline in the economy because of a reduced call for diverse patron-primarily based products, in which the cloth is used as uncooked material to offer pigment. This call for reduction is leading to a decline in supply chain sports. The global lockdown had a large impact on the trading and distribution activities of several global producers, which similarly brought on extended pricing of uncooked substances and completed goods.
The growing call for lightweight motors, along with assistance from growing technological advancements and improvements within the automobile industry, is the important thing marketplace motive force accountable for the growth of this market. Regulations over emission regulations may be attributed to the growing call for gas-green automobiles. This is anticipated to similarly decorate the call. Rising production sports because of the improving lifestyle of clients and growing maintenance activities at the side of new infrastructure initiatives from governments act as a using element for the rising Titanium Dioxide market share.
Additionally, the growing usage of TiO2 as pigments for utility in paints and coatings, printing inks, textiles, rubbers, and others is affecting the market. In the printing inks segment, technological advancement has brought about the use of TiO2 for lamination, metal ornamental inks, and display screen printing, developing new growth opportunities.
Comprehensive Analysis of Titanium Dioxide Market
The market is segmented by using procedures into sulfate and chloride, with the sulfate phase dominating because of its less complicated, value-green manufacturing of titanium dioxide (TiO2). The developing call from the automobile and production industries, especially for paints and coatings, has pushed TiO2 consumption. Technological advancements, such as value-effective manufacturing techniques and the usage of low-grade, green raw substances, are in addition boosting the increase. By application, the marketplace is split into paints.
Asia Pacific dominated the global TiO2 market, and the value stood at USD 7,575.7 million in 2019, with a market percentage of 45.50 per cent, which may be attributed to the increasing call for TiO2 from numerous end-use industries that consist of cars, residential construction, plastic, and papers. The monetary improvement inside countries Including India, China, and Japan is causing a sizeable call from the development industry due to way of life development alongside authorities’ infrastructure projects.
The top players in the market play a crucial role in the industry assuring industrial prospectus growth and setting market standards. These players include, Tronox Holdings plc (U.S.), The Chemours Company (U.S.), Argex Titanium Inc. (Canada), Evonik Industries (Germany), The Kish Company, Inc. (U.S.), Ishihara Sangyo Kaisha Ltd. (Japan), Venator Materials PLC. (U.S.), Tayca Corporation (Japan) and Huntsman Corporation (U.S.); these market players provide a level-playing competitive landscape.
In November 2019, The Chemours Company added a brand new area of expertise, a low-abrasion grade of Ti-Pure titanium dioxide pigment that is mainly designed to enhance the overall performance of the printing inks. This product was introduced at CHINACOAT 2019, a worldwide coatings enterprise occasion in China.
Segmentation Table
Global Titanium Dioxide Market Scope
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Growth Rate CAGR of 6.0% from 2024-2032
Historical Period 2016-2018
Unit Value (USD Billion)
Segmentation By process, application, and Region
By process
Sulfate
Chloride
By application
Paints & coatings
Plastics
Paper
Others
By Region
North America (by Process, Application and By Country)
U.S. (By Application)
Canada (By Application)
Europe (by Process, Application and By Country)
Germany (By Application)
France (By Application)
UK (By Application)
Italy (By Application)
Spain (By Application)
Rest of Europe (By Application)
Asia Pacific (by Process, Application and By Country)
China (By Application)
India (By Application)
Japan (By Application)
South Korea (By Application)
Rest of Asia Pacific (By Application)
Latin America (by Process, Application and By Country)
Brazil (By Application)
Mexico (By Application)
Rest of Latin America (By Application)
The Middle East & Africa (by Process, Application and By Country)
Saudi Arabia (By Application)
South Africa (By Application)
Rest of Middle East & Africa (By Application)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 5. Qualitative Insights – Impact of COVID-19 on Global Titanium Dioxide Market
- 5.1. Supply Chain Challenges
- 5.2. Steps taken by Government/Companies to overcome this impact
- 5.3. Potential opportunities due to COVID-19 outbreak
- 6. Global Titanium Dioxide Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Process (Volume/Value)
- 6.2.1.1. Sulfate
- 6.2.1.2. Chloride
- 6.2.2. By Application (Volume/Value)
- 6.2.2.1. Paints & coatings
- 6.2.2.2. Plastics
- 6.2.2.3. Paper
- 6.2.2.4. Others
- 6.2.3. By Region (Volume/Value)
- 6.2.3.1. North America
- 6.2.3.2. Europe
- 6.2.3.3. Asia Pacific
- 6.2.3.4. Latin America
- 6.2.3.5. Middle East & Africa
- 7. North America Titanium Dioxide Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Process (Volume/Value)
- 7.2.1.1. Sulfate
- 7.2.1.2. Chloride
- 7.2.2. By Application (Volume/Value)
- 7.2.2.1. Paints & coatings
- 7.2.2.2. Plastics
- 7.2.2.3. Paper
- 7.2.2.4. Others
- 7.2.3. By Country (Volume/Value)
- 7.2.3.1. U.S.
- 7.2.3.1.1. By Application (Volume/Value)
- 7.2.3.1.1.1. Paints & coatings
- 7.2.3.1.1.2. Plastics
- 7.2.3.1.1.3. Paper
- 7.2.3.1.1.4. Others
- 7.2.3.2. Canada
- 7.2.3.2.1. By Application (Volume/Value)
- 7.2.3.2.1.1. Paints & coatings
- 7.2.3.2.1.2. Plastics
- 7.2.3.2.1.3. Paper
- 7.2.3.2.1.4. Others
- 8. Europe Titanium Dioxide Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Process (Volume/Value)
- 8.2.1.1. Sulfate
- 8.2.1.2. Chloride
- 8.2.2. By Application (Volume/Value)
- 8.2.2.1. Paints & coatings
- 8.2.2.2. Plastics
- 8.2.2.3. Paper
- 8.2.2.4. Others
- 8.2.3. By Country (Volume/Value)
- 8.2.3.1. Germany
- 8.2.3.1.1. By Application (Volume/Value)
- 8.2.3.1.1.1. Paints & coatings
- 8.2.3.1.1.2. Plastics
- 8.2.3.1.1.3. Paper
- 8.2.3.1.1.4. Others
- 8.2.3.2. France
- 8.2.3.2.1. By Application (Volume/Value)
- 8.2.3.2.1.1. Paints & coatings
- 8.2.3.2.1.2. Plastics
- 8.2.3.2.1.3. Paper
- 8.2.3.2.1.4. Others
- 8.2.3.3. UK
- 8.2.3.3.1. By Application (Volume/Value)
- 8.2.3.3.1.1. Paints & coatings
- 8.2.3.3.1.2. Plastics
- 8.2.3.3.1.3. Paper
- 8.2.3.3.1.4. Others
- 8.2.3.4. Italy
- 8.2.3.4.1. By Application (Volume/Value)
- 8.2.3.4.1.1. Paints & coatings
- 8.2.3.4.1.2. Plastics
- 8.2.3.4.1.3. Paper
- 8.2.3.4.1.4. Others
- 8.2.3.5. Spain
- 8.2.3.5.1. By Application (Volume/Value)
- 8.2.3.5.1.1. Paints & coatings
- 8.2.3.5.1.2. Plastics
- 8.2.3.5.1.3. Paper
- 8.2.3.5.1.4. Others
- 8.2.3.6. Rest of Europe
- 8.2.3.6.1. By Application (Volume/Value)
- 8.2.3.6.1.1. Paints & coatings
- 8.2.3.6.1.2. Plastics
- 8.2.3.6.1.3. Paper
- 8.2.3.6.1.4. Others
- 9. Asia-Pacific Titanium Dioxide Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Process (Volume/Value)
- 9.2.1.1. Sulfate
- 9.2.1.2. Chloride
- 9.2.2. By Application (Volume/Value)
- 9.2.2.1. Paints & coatings
- 9.2.2.2. Plastics
- 9.2.2.3. Paper
- 9.2.2.4. Others
- 9.2.3. By Country (Volume/Value)
- 9.2.3.1. China
- 9.2.3.1.1. By Application (Volume/Value)
- 9.2.3.1.1.1. Paints & coatings
- 9.2.3.1.1.2. Plastics
- 9.2.3.1.1.3. Paper
- 9.2.3.1.1.4. Others
- 9.2.3.2. India
- 9.2.3.2.1. By Application (Volume/Value)
- 9.2.3.2.1.1. Paints & coatings
- 9.2.3.2.1.2. Plastics
- 9.2.3.2.1.3. Paper
- 9.2.3.2.1.4. Others
- 9.2.3.3. Japan
- 9.2.3.3.1. By Application (Volume/Value)
- 9.2.3.3.1.1. Paints & coatings
- 9.2.3.3.1.2. Plastics
- 9.2.3.3.1.3. Paper
- 9.2.3.3.1.4. Others
- 9.2.3.4. South Korea
- 9.2.3.4.1. By Application (Volume/Value)
- 9.2.3.4.1.1. Paints & coatings
- 9.2.3.4.1.2. Plastics
- 9.2.3.4.1.3. Paper
- 9.2.3.4.1.4. Others
- 9.2.3.5. Rest of Asia Pacific
- 9.2.3.5.1. By Application (Volume/Value)
- 9.2.3.5.1.1. Paints & coatings
- 9.2.3.5.1.2. Plastics
- 9.2.3.5.1.3. Paper
- 9.2.3.5.1.4. Others
- 10. Latin America Titanium Dioxide Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Process (Volume/Value)
- 10.2.1.1. Sulfate
- 10.2.1.2. Chloride
- 10.2.2. By Application (Volume/Value)
- 10.2.2.1. Paints & coatings
- 10.2.2.2. Plastics
- 10.2.2.3. Paper
- 10.2.2.4. Others
- 10.2.3. By Country (Volume/Value)
- 10.2.3.1. Brazil
- 10.2.3.1.1. By Application (Volume/Value)
- 10.2.3.1.1.1. Paints & coatings
- 10.2.3.1.1.2. Plastics
- 10.2.3.1.1.3. Paper
- 10.2.3.1.1.4. Others
- 10.2.3.2. Mexico
- 10.2.3.2.1. By Application (Volume/Value)
- 10.2.3.2.1.1. Paints & coatings
- 10.2.3.2.1.2. Plastics
- 10.2.3.2.1.3. Paper
- 10.2.3.2.1.4. Others
- 10.2.3.3. Rest of Latin America
- 10.2.3.3.1. By Application (Volume/Value)
- 10.2.3.3.1.1. Paints & coatings
- 10.2.3.3.1.2. Plastics
- 10.2.3.3.1.3. Paper
- 10.2.3.3.1.4. Others
- 11. Middle East & Africa Titanium Dioxide Market Analysis, Insights and Forecast, 2016-2027
- 11.1. Key Findings / Summary
- 11.2. Market Size Estimates and Forecast
- 11.2.1. By Process (Volume/Value)
- 11.2.1.1. Sulfate
- 11.2.1.2. Chloride
- 11.2.2. By Application (Volume/Value)
- 11.2.2.1. Paints & coatings
- 11.2.2.2. Plastics
- 11.2.2.3. Paper
- 11.2.2.4. Others
- 11.2.3. By Country (Volume/Value)
- 11.2.3.1. Saudi Arabia
- 11.2.3.1.1. By Application (Volume/Value)
- 11.2.3.1.1.1. Paints & coatings
- 11.2.3.1.1.2. Plastics
- 11.2.3.1.1.3. Paper
- 11.2.3.1.1.4. Others
- 11.2.3.2. South Africa
- 11.2.3.2.1. By Application (Volume/Value)
- 11.2.3.2.1.1. Paints & coatings
- 11.2.3.2.1.2. Plastics
- 11.2.3.2.1.3. Paper
- 11.2.3.2.1.4. Others
- 11.2.3.3. Rest of Middle East & Africa
- 11.2.3.3.1. By Application (Volume/Value)
- 11.2.3.3.1.1. Paints & coatings
- 11.2.3.3.1.2. Plastics
- 11.2.3.3.1.3. Paper
- 11.2.3.3.1.4. Others
- 12. Competitive Matrix
- 12.1. Business Strategies Adopted by Leading Players
- 12.2. Global Titanium Dioxide Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 13. Company Profiles
- 13.1. Tronox Holdings plc (Connecticut, U.S.)
- 13.1.1. Overview
- 13.1.2. Description
- 13.1.3. Product Portfolio
- 13.1.4. Financials (Data as available in public domain and/or on paid databases)
- 13.1.5. Recent Developments
- 13.2. The Chemours Company (Delaware, U.S.)
- 13.2.1. Overview
- 13.2.2. Description
- 13.2.3. Product Portfolio
- 13.2.4. Financials (Data as available in public domain and/or on paid databases)
- 13.2.5. Recent Developments
- 13.3. Argex Titanium Inc. (Québec, Canada)
- 13.3.1. Overview
- 13.3.2. Description
- 13.3.3. Product Portfolio
- 13.3.4. Financials (Data as available in public domain and/or on paid databases)
- 13.3.5. Recent Developments
- 13.4. Evonik Industries (Essen, Germany)
- 13.4.1. Overview
- 13.4.2. Description
- 13.4.3. Product Portfolio
- 13.4.4. Financials (Data as available in public domain and/or on paid databases)
- 13.4.5. Recent Developments
- 13.5. The Kish Company, Inc. (Ohio, U.S.)
- 13.5.1. Overview
- 13.5.2. Description
- 13.5.3. Product Portfolio
- 13.5.4. Financials (Data as available in public domain and/or on paid databases)
- 13.5.5. Recent Developments
- 13.6. Ishihara Sangyo Kaisha Ltd. (Osaka, Japan)
- 13.6.1. Overview
- 13.6.2. Description
- 13.6.3. Product Portfolio
- 13.6.4. Financials (Data as available in public domain and/or on paid databases)
- 13.6.5. Recent Developments
- 13.7. Venator Materials PLC. (Texas, U.S.)
- 13.7.1. Overview
- 13.7.2. Description
- 13.7.3. Product Portfolio
- 13.7.4. Financials (Data as available in public domain and/or on paid databases)
- 13.7.5. Recent Developments
- 13.8. Tayca Corporation (Osaka, Japan)
- 13.8.1. Overview
- 13.8.2. Description
- 13.8.3. Product Portfolio
- 13.8.4. Financials (Data as available in public domain and/or on paid databases)
- 13.8.5. Recent Developments
- 13.9. Huntsman Corporation (Texas, U.S.)
- 13.9.1. Overview
- 13.9.2. Description
- 13.9.3. Product Portfolio
- 13.9.4. Financials (Data as available in public domain and/or on paid databases)
- 13.9.5. Recent Developments
- 13.10. NL Industries, Inc. (Texas, U.S.)
- 13.10.1. Overview
- 13.10.2. Description
- 13.10.3. Product Portfolio
- 13.10.4. Financials (Data as available in public domain and/or on paid databases)
- 13.10.5. Recent Developments
- 13.11. INEOS (Maryland, U.S.)
- 13.11.1. Overview
- 13.11.2. Description
- 13.11.3. Product Portfolio
- 13.11.4. Financials (Data as available in public domain and/or on paid databases)
- 13.11.5. Recent Developments
- 13.12. Other Key Players
- 13.12.1. Overview
- 13.12.2. Description
- 13.12.3. Product Portfolio
- 13.12.4. Financials (Data as available in public domain and/or on paid databases)
- 13.12.5. Recent Developments
- 14. Appendix
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