Titanium Dioxide Market Size, Share, Industry, Forecast and outlook (2024-2031)

Titanium Dioxide Market is segmented By Grade (Rutile, Anatase), By Process (Chloride, Sulfate), By Application (Pigment, Photocatalyst, Water Treatment Technology, Others), By End-User (Paints & Coatings, Plastic, Cosmetic, Food Industry, Agriculture, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Titanium Dioxide Market Outlook

Titanium Dioxide Market is expected to reach CAGR of 5.9% over the forecast period 2023-2030.

Titanium dioxide (TiO2) is a white, opaque, naturally occurring mineral that comes in various crystalline forms, the most significant of which are rutile and anatase. The oxide forms found in nature can be mined and used as commercial titanium sources. Titanium dioxide is highly absorbent and has no odour.

Its most important use is in powder form and it serves as a frequently utilized white and opacity pigment. As a result, paints and coatings, plastics, paper, cosmetics, food colorants, textiles, and other industrial and consumer items contain the mineral. In addition, it is employed in the construction and automotive industries for pigmentation in paints and coatings, which are used for roofing and floor coverings, designing and coating automotive items, and printing.

Titanium Dioxide Market Scope

For More Insights about the Market Request Free Sample

Titanium Dioxide Market Dynamics

Increased demand for ultrafine titanium dioxide because of its versatile applications, particularly in paints & coatings, and cosmetics, is projected to drive the global titanium dioxide market. Stringent environmental regulations of governments and regulatory bodies on titanium dioxide are likely to restrain the market.

Increased demand for ultrafine titanium dioxide because of its versatile applications, particularly in paints & coatings and cosmetics

The need for ultrafine titanium dioxide has increased in recent years. The particle size of ultrafine titanium dioxide, also known as nanoscale titanium dioxide, is fewer than 100 nanometers. Titanium dioxide is an ultrafine nanomaterial with high transparency, dispersibility, UV scattering, and absorption characteristics. Ultrafine titanium dioxide is known for its versatile applications because of its small particle size and semiconductor nature.

The applications include UV-absorbing transparent coatings, plastics additives, cosmetics UV blockers, flip-flop automobile coatings, and electronic components characteristic specifically for rutile ultrafine particles. Anatase-based applications are more versatile and include photocatalysis such as self-cleaning effect, decomposition of toxic nitrous oxides from automobile exhausts, air, and water purification, photo electrochromic windows, dye-sensitized solar cells, and many others.

Moreover, ultrafine titanium dioxide has many applications and is expanding every year. Therefore, companies such as Cinkarna Celje are constantly developing the uses mentioned above to meet current and future demands, based on their global reach and strong scientific background in ultrafine titanium dioxide (TiO2) products.

Stringent environmental regulations of governments and regulatory bodies on the use of titanium dioxide

Even though titanium dioxide is one of the most widely used compounds, some questions about its actual and potential benefits, inhaling dust, for example, can create breathing difficulties. The International Agency for Research on Cancer (IARC) categorized titanium dioxide as a Group 2B carcinogen, a "possible carcinogen to humans" based on tests of rats that inhaled the material.

Moreover, government and regulatory bodies prohibit titanium dioxide in several applications, particularly in the food sector. For instance, in October 2022, the European Commission (EC) stated that the Standing Committee on animals, plants, food, and feed approved the EC's proposition to ban titanium dioxide as a food additive. The European Commission claims that its proposal is based on a scientific opinion from the European Food Safety Authority, which decided that titanium dioxide could no longer be regarded safe when used as a food additive, citing concerns about genotoxicity in particular.

COVID-19 Impact on Titanium Dioxide Market Growth

COVID-19 harmed the global titanium dioxide market in 2020. Several countries worldwide went into lockdown to stop the virus from spreading due to pandemics. Due to supply chain disruptions or precautionary steps to prevent the virus from spreading, manufacturing and construction activities were halted.

As a result, demand for cosmetics, paints, coatings, and other uses has been affected. For instance, at the start of 2020, the demand for luxury and cosmetics products fell. Loreal, the world's largest cosmetics firm, lost US$ 2,024.52 million in the first half of 2020.

Titanium Dioxide Market Segmentation Analysis

Based on end-user, the global titanium dioxide market is segmented into paints & coatings, plastic, cosmetics, agriculture, food industry, and others.

Titanium dioxide is the most extensively utilized white pigment in the paints & coatings industry. It efficiently scatters visible light and imparts whiteness, brightness, and opacity, making it widely employed in the paints & coatings industry when included in a coating. The paints & coatings industry is booming with the increasing rise of the building, construction, and automotive end-use industries. The demand for titanium dioxide for building & construction applications is expanding due to increased residential and commercial buildings worldwide.

Moreover, architectural paints and varnishes use titanium dioxide as a pigment. UV and water resistance are required for architectural paints, whereas chemical and corrosion resistance are required for specialist coatings. For instance, in the U.S., architectural coatings are the largest sector and section of the paint business, accounting for 50% of the total coatings manufactured each year. Architectural coatings generated revenue of more than US$ 13,600 million in 2020.

Global Titanium Dioxide Market Geographical Share

The global titanium dioxide market is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa based on geography.

Asia-Pacific dominates and holds a significant market share due to the rising production of cosmetics, paints, coatings, and plastics. In addition, the market for titanium dioxide is likely to develop, owing to rising investments in commercial and residential buildings in India, China, Vietnam, and Indonesia.

China has been propelled forward by rapid growth in the residential and commercial construction sectors, which the country's expanding economy has aided. For instance, Hong Kong's housing authorities in China have taken several steps to jump-start low-cost housing development. Officials aim to build 301,000 public housing units in the next ten years, or 2030.

Moreover, in 2020, China plans to invest US$ 1,430,000 million in key development projects over the next five years, through 2025. Further, as per the statistics provided by the National Development and Reform Commission (NDRC) report of 2020, Shanghai's plan calls for a total investment of US$ 38,700 billion over the next three years, while Guangzhou has inked 16 new infrastructure projects for US$ 8,090 million. Therefore, the consumption of titanium dioxide is projected to increase significantly over the forecast period in the region.

Titanium Dioxide Companies and Competitive Landscape

The global titanium dioxide market is consolidated and competitive with multinational businesses. Major players in the market include The Chemours Company, Lomon Billions Group, Tronox Holding PLC, Kronos Worldwide Inc., Venator Materials PLC, INEOS, CINKARNA Celje d.d., Evonik Industries AG, TAYCA CORPORATION and ILUKA RESOURCES, among others. The major players in the market incorporate numerous market strategies to achieve growth in the global titanium dioxide market; these include mergers, product launches, acquisitions, contributions, and collaborations.

The Chemours Company

Overview: The Chemours Company is a U.S.-based chemical company established in 2015 as a spin-off from DuPont. It is headquartered in Delaware, U.S. Moreover, the company manufactures and serves performance chemicals in titanium technologies, flour products, and chemical solutions.

Product Portfolio: The Chemours Company's Ti-Pure brand offers high-quality titanium dioxide (TiO₂) and develops brighter, efficient pigments for the plastics, coatings, and laminates markets.

Key Development:

• On August 2, 2019, The Chemours Company acquired Southern Ionics Minerals, LLC (SIM), a mining, minerals exploration, and manufacturing company in Florida, U.S.

Why Purchase the Report?

• To visualize the global titanium dioxide market segmentation by grade, process, application, end-user, and region and understand key commercial assets and players.
• Identify global titanium dioxide market commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of titanium dioxide market-level with four segments.
• PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping available as excel consisting of key products of all the major market players

The global titanium dioxide market report would provide approximately 69 tables, 64 figures, and almost 194 pages.

Target Audience 2023

• Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Mining Business
• Education & Research Institutes
• Research Professionals
• Government and Regulator Bodies