Titanium Dioxide market is gaining momentum owing to the increasing usage in the construction and paint & coating industry. The rising construction activities in developing economies play a significant role in supporting the market growth of TiO2. Further, Titanium Dioxide market is highly driven by the increasing demand for skin care products & cosmetics like body lotions and sunscreens. Also, progressive growth in the automotive industry, especially the light-weighted automobile has driven the significant demand for paints & coating, which in turn expected to propel the demand of the product over the forecast period.
As per the latest report added by Value Market Research Report, the Global Titanium Dioxide Market was valued at USD 15,405.5 MN (by revenue) in 2017 and is anticipated to reach USD 20,530.1 MN by 2024 with a CAGR of 4.2%. By volume, the market was estimated at XX.X KT in 2017 and is expected to reach XX.X KT by 2024 with a CAGR of X.X%.
PAINTS AND COATING IS LEADING THE APPLICATION SEGMENT
Paint and Coating have dominated the application segment in 2017 and estimated to touch XX.X USD MN by the end of 2024. TiO2 is used as pigments in the formulation of advanced paints & coatings owing to its excellent properties such as whiteness, scattering, opacity and high refractive index. The rapidly growing construction and automotive industry, majorly in emerging economies has fueled the demand for paint and coatings.
RISING CONSTRUCTION HELPS ASIA–PACIFIC TO GAIN MAXIMUM SHARE IN GLOBAL TIO2 MARKET
Asia-Pacific dominates the global TiO2 market owing to the rising construction activities along with the growth in the paints and coating industry in India, China and other Asian countries which raise the demand for TiO2 products. Additionally, numerous advantage offered such as energy efficiency and durability, it is widely used for automotive coatings, therefore growth of the TiO2 market directly depends on the rising automotive industry in the region. Asia-Pacific region is estimated to gain the 9,624.0 USD MN revenue at the end of 2024.
Argex Titanium Inc., Cristal, Evonik Industries AG, Huntsman Corporation, The Kish Company, Inc., Kronos Worldwide, Inc., Tayca Corporation, The Chemours Company and Tronox Limited are the key players driving the global titanium dioxide market.
As per this study the global titanium dioxide market was valued at USD 29.09 MN (by revenue) in 2021 and is anticipated to reach USD 46.72 MN by 2028 with a CAGR of 7%. By volume, the market was estimated at XX KT in 2021 and is expected to reach XX KT by 2028 with a CAGR of XX%.
Titanium dioxide is an odorless compound used as the basic component of pigments across various end-user industries. Titanium dioxide is used in cosmetics, plastics, paints, and in enhancing glass. TiO2 is available in white powdered form or in other forms which include oxides or minerals of this compound. TiO2 has the numerous benefits such as it is used as the enhancer of ceramics, and it is used in cosmetics products owing to its healing properties.
Awareness among consumers regarding skin care products and high living standards of people has led to high demand if cosmetics like body lotions and sunscreens. This in turn significantly fuels the rapid growth of this market. TiO2 is largely used as a basic component in pigments which is another significant factor to upsurge this market. Increased use of plastic and paper in the packaging of various end-user materials are expected to provide high market penetration for this segment. TiO2 acts as an enhancer in ceramic production and increases the capacity of ceramics. This, in turn, is expected to open new opportunities for the global titanium dioxide market. TiO2 has some health-related issues which hinder the market growth of global titanium dioxide market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of titanium dioxide.
The broad titanium dioxide market has been sub-grouped into application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
Paints And Coatings
Others (Including Artificial Fibers, Inks, Etc.)
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for titanium dioxide in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Titanium Dioxide Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the titanium dioxide market include Argex Titanium Inc., Cristal, Evonik Industries AG, Huntsman Corporation, The Kish Company, Inc., Kronos Worldwide, Inc., Tayca Corporation, The Chemours Company and Tronox Limited. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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1 . PREFACE
1.1. Report Description
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . TITANIUM DIOXIDE – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Application
3.7.2 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL TITANIUM DIOXIDE MARKET ANALYSIS BY APPLICATION
6.1 Overview by Application
6.2 Historical and Forecast Data
6.3 Analysis by Application
6.4 Paints And Coatings Historic and Forecast Sales by Regions
6.5 Plastic Historic and Forecast Sales by Regions
6.6 Paper Historic a ...
Frequently Asked Questions (FAQs) about this Report
The global titanium dioxide market size was worth USD 29.09 Billion in 2021.
For the years 2023-2028, the global titanium dioxide market growth is expected to be around 7%.
The global titanium dioxide market is currently dominated by Asia Pacific.
The global titanium dioxide market is segmented by Applications (Paints And Coatings, Plastic, Paper, and Others).
The leading players in the global titanium dioxide market are Argex Titanium Inc., Cristal, Evonik Industries AG, Huntsman Corporation, The Kish Company Inc., Kronos Worldwide Inc., Tayca Corporation.