The global titanium dioxide market size is anticipated to reach USD 31.79 billion by 2030, exhibiting a CAGR of 6.6% during the forecast period, according to a new report by Grand View Research, Inc. The growth is majorlyattributed to the rising use of titanium dioxide in industrial coatings for ensuring their durability, opacity, brightness, and tinting strength. It is also used in coatings applied to interiors & exteriors of residential and commercial establishments.
Titanium dioxide is used in coatings meant for aircraft, automobiles, appliances, and machines, as well as in traffic paints and other special-purpose coatings. The volume of titanium dioxide utilized in paints & coatings varies widely depending on the desired color, opacity, and quality of the final paints & coatings. In general, the higher the opacity requirements of paints & coatings, the greater the volume of titanium dioxide used in them.
Titanium Dioxide Market Report Highlights
- Rutile grade dominated the market with a revenue share of 76.4% in 2023 owing to high weathering properties in comparison to anatase. At higher temperature conditions, anatase TiO2 converts to rutile TiO2, having higher weather ability and hiding power in comparison to its other counterparts.
- Sulfate Carrier Production Process dominated the market with a revenue share of 78.0% in 2023. Iodine powder is treated with concentrated sulfuric acid (H2SO4) to produce titanyl sulfate and is further hydrolyzed for the formation of metatitanic acid and is then calcined and pulverized to obtain whiter Titanium power.
- Paints & Coatings dominated the market with a revenue share of 44.2% in 2023 owing to its extensive application of white pigment TiO2 in the paint and coatings sector. When used in coatings, it is highly effective visible light scattering properties add whiteness, brightness, and opacity.
- Asia Pacific dominated the market segment with a revenue share of 42.6% in 2023 owing to construction activities and growing demand for products from automotive sector in emerging countries, such as India, Japan, and South Korea, which are expected to drive the market over the forecast period.
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Titanium dioxide is manufactured using two processes, namely, the sulfate process and chloride process. The key raw materials used in these processes are rutile ore and ilmenite ore or titanium slag. Apart from them, other chemicals that are used in the manufacturing of titanium dioxide are sulfuric acid, chlorine, carbon, etc.
Rutile is found in metamorphic, sedimentary, and igneous rocks. Rutile is widely used for the production of titanium metal and as pigments. Rutile is crushed into a white powder, which can be further used as a pigment in several applications such as paints, plastics, paper, foods, and others. Ilmenite and rutile are among the major raw materials used to produce titanium dioxide.
Increasing support from governments for the production of electric vehicles is anticipated to fuel the growth of the automotive industry. This, in turn, is anticipated to substantially boost the demand for titanium dioxide in paints & coatings and plastics applications. For instance, the U.S. federal government has subsidized electric cars with a USD 7,500 consumer tax break for the first 200,000 vehicles an automaker sells.
The market is characterized by the presence of various well-established players such as The Chemours Company, Tronox Holdings plc, LB Group, Venator, and Kronos Worldwide Inc., as well as various global and regional SMEs.
The major raw materials used in the production of Ilmenite ore and rutile ore. The availability and prices of these raw materials have a direct impact on the production and final cost of titanium dioxide in the global market. For example, according to ScrapMonster, the prices of Ilmenite ore (50%) concentration of TiO2 increased by USD 1255/ MT, as of 22 March 2023. While the price of Ilmenite ore (46%) concentration of TiO2 increased USD 961.16/ MT as of 22 March 2023. Such raw material price hikes impacted the prices of titanium dioxide.
List of Key Players in the Titanium Dioxide Market
- The Chemours Company
- The Tronox Holdings plc
- LB Group
- Venator Materials PLC
- KRONOS Worldwide Inc.
- Evonik Industries AG
- Ishihara Sangyo Kaisha, Ltd.
- CNNC HUAN YUAN Titanium Dioxide Co., Ltd.
We have segmented the titanium dioxide market based on grade, carrier production process, application, and region.
Grade Outlook (Volume, Kilotons, Revenue, USD Million; 2018 - 2030)
- Anatase
- Rutile
Carrier Production Process Outlook (Volume, Kilotons, Revenue, USD Million; 2018 - 2030)
- Sulfate
- Chloride
Application Outlook (Volume, Kilotons, Revenue, USD Million; 2018 - 2030)
- Paints & coatings
- Plastics
- Inks
- Paper and Pulp
- Cosmetics
- Other Applications
Region Outlook (Volume, Kilotons, Revenue, USD Million; 2018 - 2030)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Contact:
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#TitaniumDioxide #TiO2 #ChemicalIndustry #IndustrialChemicals #MineralsMarket #TitaniumDioxideMarket #ChemicalMarket #EcoFriendlyChemicals
Report on World Titanium Dioxide (TiO2) Market by Product Type, Market, Players and Regions-Forecast to 2025 by DecisionDatabases.comTitanium Dioxide (TiO2) market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading industry Players.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/50361-world-titanium-dioxide-tio2-marketThe Players mentioned in our reportChemoursHenan Billions ChemicalsHuntsman CorporationLomonCristalTaycaISKTronoxShandong Doguide GroupKronosThe Louisiana Pigment CompanyCNNC HUAYUAN Titanium DioxideGrupa AzotyPRECHEZACinkarnaGlobal Titanium Dioxide (TiO2) Market: Product Segment AnalysisSulfate ProcessChloride ProcessGlobal Titanium Dioxide (TiO2) Market: Application Segment AnalysisPaintPlasticsPaperGlobal Titanium Dioxide (TiO2) Market: Regional Segment AnalysisUSAEuropeJapanChinaIndiaSouth East AsiaDownload Free Sample Report of World Titanium Dioxide (TiO2) Market @ https://www.decisiondatabases.com/contact/download-sample-50361There are 10 Chapters to Deeply Display the World Titanium Dioxide (TiO2) Market.Chapter 1 About the Titanium Dioxide (TiO2) IndustryChapter 2 World Market Competition LandscapeChapter 3 World Titanium Dioxide (TiO2) Market shareChapter 4 Supply Chain AnalysisChapter 5 Company ProfilesChapter 6 Globalisation & TradeChapter 7 Distributors and CustomersChapter 8 Import, Export, Consumption and Consumption Value by Major CountriesChapter 9 World Titanium Dioxide (TiO2) Market Forecast through 2025Chapter 10 Key success factors and Market OverviewPurchase the complete World Titanium Dioxide (TiO2) Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-50361Other Reports by DecisionDatabases.com:World Chlorine Dioxide Generator Market Research Report 2025World Sulfur Dioxide Market by Product Type, Market, Players and Regions-Forecast to 2023About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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According to ChemAnalyst report, “Titanium Dioxide Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Regional Demand, 2015-2030”, Titanium Dioxide market has grown significantly in the historic period and is expected to achieve a very impressive CAGR of 7.35% in the forecast period until 2030.
Growing demand of Titanium Dioxide in the automotive and construction sector coupled with increasing need of pigments in various end-use industries including personal care, pharmaceutical, construction, automotive, and others is expected to accelerate the market of Titanium dioxide across the globe in upcoming years.Read Full Report Here: https://www.chemanalyst.com/industry-report/titanium-dioxide-market-599Titanium Dioxide with a chemical formula (TiO2 ) is a natural occurring metal element.
Due to various novel and useful properties of Titanium Dioxide, TiO2 nanoparticles have increasingly manufactured and used in the development of nanotechnologies.Global Titanium Dioxide Market is segmented based on application, end use, distribution channel and region.
On the basis of Application, the global Titanium Dioxide market is segmented into Paints, Coatings, Plastics, Pigment, Pulp and Paper, Cosmetics, Photoelectrode and others.
The dominance of the Paints and coatings segment is due to increased use of TiO2 for architectural coatings, protective coatings, general industrial finishes, powder coatings, waterborne paints, and other coatings.
The use of ultrafine nanoparticles of Titanium Dioxide in the cosmetics industry, for various applications such as creams, loose and pressed powders, eyeshadows, blush, and sunscreens as it provides better protection against harmful sun UV rays, and brightness, is likely to augment the growth of Titanium Dioxide market.In 2020, Due to the spread of COVID-19, Global Titanium dioxide market was negatively affected due to the lockdowns and restrictions proposed by the leading authorities to curb the spreading of the coronavirus.
Titanium Dioxide is a naturally occurring oxide of titanium and is odorless white powder with chemical formula TiO2.
It is tasteless with pH 7.5.
It occurs in three crystalline forms.
Get the complete details of Titanium Dioxide , its manufacturers, suppliers, distributors, traders, import-export data in India on Chemarc.
The global Titanium Dioxide Market is expected to reach USD 27.49 billion by 2024 owing to the increasing demand of titanium dioxide in paper, paint & coating, cosmetics, and plastic industries.
In 2014, DuPont titanium technologies started a manufacturing facility in Alamira, Mexico having a capacity of 200,000 tons/year which will help in fulfilling the demand worldwide.Rising demand for lightweight automobiles is expected to play a vital role in growth of global titanium dioxide market.
Materials such as polycarbonates are used in manufacturing of lightweight automotive which have low scratch resistance value.
Also, the product is used in various industries such as chemical intermediates, fiber, technical titanium, inks for printer and rubber.Keeping these driving factors in mind, companies are ramping up their production capacity.
It was also extensively used in plastics industry, paper industry, inks, and other specialty segments.
The growth of these sectors is expected to boost the market positively over the next few years.Plastic industry was the second largest segment due to the increasing applications as an excellent thermal stabilizer.
According to ChemAnalyst report, “India Titanium Dioxide Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Grade, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, India Titanium Dioxide market grew at a CAGR of around 8.25% during 2015-2019 and is projected to grow at a healthy CAGR during the forecast period.
Strong growth of India’s paints and coatings sector backed by Indian government’s favorable policies to encourage infrastructural development in education, heath, retail and housing sector will drive the growth of Titanium Dioxide in the forecast period.Browse Complete Report : India Titanium Dioxide PricingTitanium Dioxide (TiO2) is a white pigment possessing unique combination of desirable properties such as high refractive index, low specific gravity, opacity and non-toxicity.
It is used in a wide variety of personal care products, including color cosmetics such as eye shadow and blush, loose and pressed powders and in sunscreens.
Paints and coatings sector hold the largest market share (more than 70%) of the country’s total demand with market growth prospects likely to increase with rapid expansion of India’s construction industry and ongoing infrastructure developments.Titanium dioxide (TiO2) is extracted from the mineral ilmenite, which is found in the metamorphic, plutonic igneous rocks and beach sands of India.
However, lack of manufacturing infrastructure, high power cost and high capital cost involved in setting up a TiO2 plant act a barrier for the domestic Titanium Dioxide production.
Moreover, increasing government initiatives such as Housing for All by 2022, aimed at providing affordable housing to Indian homebuyers would enable domestic players to witness a strong boost in the domestic TiO2 market.According to ChemAnalyst report, “India Titanium Dioxide Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Grade, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, major players operating in the Indian Titanium Dioxide market are Kilburn Chemicals, The Kerala Minerals & Metals Limited (KMML), Travancore Cochin Chemicals, The Travancore Titanium Limited (TTPL) and VV Titanium Products Limited.
