Titanium Dioxide Market

Titanium Dioxide Market Study by Anatase-Grade and Rutile-Grade for Paints & Coatings, Plastic, Pulp & Paper, and Cosmetics from 2024 to 2034

Analysis of Titanium Dioxide Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Titanium Dioxide Market Outlook (2024 to 2034)

Worldwide revenue from the sales of titanium dioxide has been approximated at US$ 20.9 billion in 2024. As per this latest study by Fact.MR, the global titanium dioxide market size is expected to exhibit growth at a CAGR of 5.3% and reach a size of US$ 35 billion by 2034.

Increasing rising manufacturing and construction activities are boosting the titanium dioxide (TiO2) demand. The expanding number of residential and non-residential construction projects is increasing the use of TiO2 in paints and coatings. The titanium dioxide is also exhibiting increasing demand from automotive sector due to rising need for lightweight vehicles. The automotive manufacturing industry in North America and Europe is witnessing a swift growth. The growing use of titanium dioxide nanoparticles in paints and coatings of vehicles is expected to boost its consumption.

Gradual transition to hydrometallurgical production is creating new opportunities for titanium dioxide manufacturers who hope to gain an attractive profit margin in the coming decade.

Rising industrial activities and urbanization in developing regions such as Latin America and Asia is expected to create profitable opportunities for titanium dioxide producers. The increasing housing sector, growth in infrastructure development activities, and technological advancements are further set to boost the consumption of titanium dioxide pigments.

Titanium dioxide nanoparticles are widely utilized in photovoltaic (PV) systems such as quantum dot-sensitized solar cells, polymer-inorganic hybrid solar cells, and inorganic solid-state solar cells due to its efficiency in proving the overall performance of solar cells. The growing global demand for clean energy is further increasing the application of titanium dioxide in PV cells.

  • The North American titanium dioxide market size is calculated at US$ 3.8 billion for 2024.
  • East Asia is estimated to account for 24.6% of the global titanium dioxide market share by 2034.
Report Attributes Details
Titanium Dioxide Market Size (2024E) US$ 20.9 Billion
Forecasted Market Value (2034F) US$ 35 Billion
Global Market Growth Rate (2024 to 2034) 5.3% CAGR
South Korea Market Value (2034F) US$ 1.2 Billion
Anatase-Grade Titanium Dioxide Demand Growth Rate (2024 to 2034) 5.3% CAGR
Key Companies Profiled
  • Cristal
  • Lomon-Billions
  • The Chemours Company
  • The Tronox Holdings Plc.
  • Huntsman
  • Kronos
  • Evonik Industries AG
  • ISHIHARA SANGYO KAISHA, LTD.
  • TOR Minerals International, Inc.
  • LB Group
  • CNNC HUAN YUAN Titanium Dioxide Co., Ltd.
  • The Kerala Minerals & Metals Limited
  • Venator Materials PLC
  • KRONOS Worldwide Inc.
  • Cathay Industries

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What is Driving Worldwide Consumption of Titanium Dioxide?

“Ongoing R&D Activities to Increase Application Areas of Titanium Dioxide”

Continuous developments in titanium dioxide nanoparticles are expected to increase its application areas including ointments, sunscreens, and paints. R&D is also expected to enhance the properties of titanium dioxide. The rising trend of sustainability or eco-friendly practices is boosting the demand for bio-based titanium dioxide.

Titanium dioxide is also finding extensive applications in chemical industry, particularly as air deodorizer and a photo-catalyst in water treatment. Technological advancements are also increasing use of titanium dioxide in construction materials and paints as an effective catalyst. Furthermore it is also used as heat stabilizer in silicone vulcanizate.

Nano titanium dioxide particles are also used in Li-on batteries for cathode coating, this enhances the performance of the battery. Titanium dioxide is also considered to be a vital part of SCR catalyst.

Which Challenges Do Titanium Dioxide Manufacturers Face?

“High Cost of Raw Materials and Hazardous Nature of TiO2”

Volatility in raw material costs and severe environmental laws owing to its hazardous nature are the primary factors acting as barriers to the titanium dioxide market growth. Titanium dioxide is produced by using either sulphuric acid or chlorine, which release toxic gases harmful to humans. Thus, its production results in hazardous waste dumps.

Constant fluctuations in import and export policies and strict government regulations are increasing the costs of raw materials required to produce titanium dioxide.

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How are Start-ups Gaining the Attention of Consumers?

“New Companies Investing in R&D to Develop Innovative Titanium Dioxide”

New companies are focusing on the production of toxic-free titanium dioxide. The rising popularity of sustainable practices is a notable titanium dioxide market trend. Start-ups are investing heavily in research and development activities for the production of bio-based titanium dioxide.

  • Impossible Materials a United Kingdom-based start-up inspired by white cyphochilus beetle has developed a natural cellulose-based titanium dioxide.
  • Dr Lukas Schertel, Impossible Materials’ CEO and Co-founder reveal that their company has developed a 100% plant-based white pigment from cellulose.

Country-wise Analysis

North America particularly the United States is a major market for titanium dioxide producers. The United States is estimated to hold 71.1% of the North American market share in 2024. East Asia is an emerging market due to the presence of major end-use industries and is expected to offer ample opportunities for titanium dioxide suppliers.

What is the Demand Outlook for Titanium Dioxide in the United States?

“Strong Presence of End Users in the United States”

Attribute United States
Market Value (2024E) US$ 2.8 Billion
Growth Rate (2024 to 2034) 5% CAGR
Projected Value (2034F) US$ 4.5 Billion

Rising use of titanium dioxide in buildings and construction components and the presence of several end users are boosting the overall market growth. The paints and coatings industry is the primary consumer of titanium dioxide in the United States. As a result, the product's use as a pigment in the composition of innovative paints and coatings is expected to witness boom. Growing demand for environment-friendly and anti-corrosive architectural coatings is further expected to boost sales of natural titanium dioxide.

Why is China a Key Market for Titanium Dioxide Suppliers?

“Large Scale Industrial Activities Pushing Consumption of Titanium Dioxide”

Attribute China
Market Value (2024E) US$ 3 Billion
Growth Rate (2024 to 2034) 5% CAGR
Projected Value (2034F) US$ 4.9 Billion

China is the major producer of titanium dioxide in Asia Pacific. Rising construction activities in China are boosting the demand for paints and coatings, which is likely to drive titanium dioxide demand. Furthermore, the country’s increasing need for lightweight automobiles is boosting the titanium dioxide demand in automotive coating applications.

Economic growth and ongoing industrial activities are increasing the use of titanium dioxide as a dispersion agent, flocculent, and whitening agent. The titanium dioxide chemical is utilized in automobile coatings as a dispersive agent with optimum gloss retention and good chalk resistance.

Will Germany Be an Opportunistic Market for TiO2 Producers?

“TiO2 Use to Be Substantial in Automotive Paints & Coatings”

In Germany titanium dioxide is exhibiting increasing demand from the paints & coatings and cosmetic industries. Germany being a major producer of automobiles, is contributing to increasing use of titanium dioxide in the paints and coatings. Hence, the Germany market is expected to surge up at a substantial pace during the forecast period.

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Category-wise Analysis

Titanium dioxide is finding major application in paints and coatings as well as pulp and paper manufacturing sectors. Titanium dioxide acts as filler in the production of pulp and paper.

Why is Application of Titanium Dioxide High in Paints and Coatings?

“Rising Infrastructural Development Activities Driving Use of Titanium Dioxide-based Paints and Coatings”

Attribute Paints and Coatings
Segment Value (2024E) US$ 4.7 Billion
Growth Rate (2024 to 2034) 5.5% CAGR
Projected Value (2034F) US$ 8.1 Billion

In 2024, the paints and coatings segment is set to account for 22.6% of the global market share, estimates Fact.MR, a market research and competitive intelligence provider. The paints and coatings industry is the major consumer of titanium dioxide. Titanium dioxide is widely utilized in automobile paints due to its long-lasting and transparent properties. Because of its high refractive index, it is good to use for vehicle pigments.

Rising infrastructure spending in developing countries is increasing use of paints and coatings, which is projected to attract significant capital to the titanium dioxide market. Increasing titanium dioxide use as a whitening component in the redecorating and refurbishment sectors is also predicted to aid to the market growth.

Which Grade of Titanium Dioxide is Widely Consumed?

“Durability and Stability of Rutile-Grade Titanium Dioxide”

Attribute Rutile-Grade
Segment Value (2024E) US$ 14.5 Billion
Growth Rate (2024 to 2034) 5.3% CAGR
Projected Value (2034F) US$ 24.2 Billion

Rutile-grade titanium dioxide demand is gaining traction due to its highly stable, durable and scattering of light capabilities. Opacity, high refractive index, and whiteness is set to boost the use of rutile-grade titanium dioxide in the production of paints and coatings. Rutile-grade titanium dioxide is also exhibiting increasing use as a raw material in the production of emulsion paints and anticorrosion aircraft, automotive, marine and decorative coatings.

Competitive Landscape

The global titanium dioxide market is highly concentrated, with a few important competitors controlling a sizable market share. Leading companies are focusing on regional expansion through various business strategies. Key players in the titanium dioxide market are uncovering new titanium dioxide deposits through mergers and joint ventures, as well as collaborations with exploration and mining businesses.

  • In the year 2022 Chemours was set to increase its titanium dioxide production through carrying out mining activities in its new sand mine in Florida.

Key Segments of Titanium Dioxide Market Research

  • By Grade :

    • Anatase-grade
    • Rutile-grade
  • By Application :

    • Paints & Coatings
    • Plastic
    • Pulp & Paper
    • Cosmetics
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

What is the current size of the titanium dioxide market?

The global titanium dioxide market is calculated at US$ 20.9 billion for 2024.

How much is the projected value of the titanium dioxide market for 2034?

The market for titanium dioxide is forecasted to reach US$ 35 billion by 2034.

What is the estimated growth rate of the titanium dioxide market?

Sales of titanium dioxide are projected to increase at a CAGR of 5.3% from 2024 to 2034.

How is the market for titanium dioxide evolving in South Korea?

Demand for titanium dioxide in South Korea is projected to rise at a CAGR of 6.6% during the next 10 years.

Which titanium dioxide grade is most widely preferred?

Rutile-grade titanium dioxide sales are set to reach US$ 24.2 billion by 2034.

Who are the leading producers of titanium dioxide?

Some of the leading companies include The Chemours Company, The Tronox Holdings Plc., and Venator Materials Plc.

- Also of Interest -

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