Titanium Dioxide Market Size to Reach USD 29.48 Billion By 2027 With CAGR Of 4.2% | Growth Analysis Research Report by Reports And Data

February 15 15:36 2021
Titanium Dioxide Market Size to Reach USD 29.48 Billion By 2027 With CAGR Of 4.2% | Growth Analysis Research Report by Reports And Data
Extensive use of titanium dioxide in paints & coatings and cosmetic products is propelling global market growth. Market Size – USD 21.21 billion in 2019, Market Growth – CAGR of 4.2%, Market Trends – Significant application as automotive paints & coatings

The Global Titanium Dioxide Market is expected to be valued at USD 29.48 Billion by 2027 from USD 21.21 billion in 2019, registering a CAGR of 4.2% through the forecast period. Titanium dioxide is a naturally occurring oxide of titanium that is usually white in color, odorless, and highly absorbent.  Mainly sourced from rutile, ilmenite, and anatase, titanium dioxide is widely used as an opacifying and bleaching agent in porcelain enamels. The significant characteristics of titanium dioxide include hardness, brightness, color retention, high dispersibility, acid resistance, UV protection, and enhanced durability.

The global titanium dioxide market is expected to account for a substantially high revenue share over the forecast timeline. The market growth is significantly supported by the extensive use of the chemical compound across various industries, including paints & coatings, automotive, personal care & cosmetics, construction, textiles, pharmaceuticals, and plastics. Titanium dioxide is used in a variety of cosmetic products, such as sunscreens, moisturizers, nail varnishes, and eye cosmetics, owing to its brightness, color retention, and protection against harmful UV rays. It finds major applications in the construction industry in thermal cladding, window profiles, water tanks, drainage systems, and heat-reflective panels, which is another significant market growth propeller.

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Titanium dioxide is in high demand across the rubber, printing inks, and chemical fiber industries. It is widely used in printing inks for lamination, flexographic printing, screen printing, and decorative metal inks. The other crucial applications of titanium dioxide include self-cleaning concrete, self-cleaning paints and fabric, and antimicrobial coatings, owing to the product’s excellent self-cleaning properties. However, the product prices and the growing availability of alternatives, such as zinc oxide, antimony oxide, lithopone, and carbonates, are expected to restrain the market growth in the years to come. 

Key findings of the report:

  • Based on grade, the rutile sub-segment is foreseen as the leading market segment, with the highest revenue share. The rutile-grade titanium dioxide finds numerous applications, including advanced outdoor coatings, paper coatings, and high-quality latex coatings due to its excellent weatherability and immense hiding power.
  • As per the application outlook, the paints & coatings industry is the most dominant market segment expected to account for the largest market share over the estimated period. The significant usage of titanium dioxide in wallpaper coatings, architectural paints, plastic paints, and radiator paints boosts the growth of this segment. Moreover, the product’s surging usage as automotive paints & coatings creates ample opportunities for this segment’s expansion.
  • The titanium dioxide market in Europe is estimated to register the fastest CAGR of around 3.8% over the forecast timeline. Germany, a leading European country, is said to account for more than 30% of the region’s aggregate titanium dioxide production. Therefore, several favorable factors, such as the increasing construction projects, higher focus on infrastructural development, and the flourishing paints & coatings, cosmetics sectors, and automotive sectors, are the key parameters behind the growth of this regional market. 
  • Key participants in the global titanium dioxide market include Kronos Worldwide Inc., Tayca Corporation, Lomon Billions Group, The Chemours Company, Huntsman Corporation, Tronox Limited, Cristal Global, and Evonik Industries AG.
  • In November 2020, Lomon Billions, a leading Chinese chemicals company, announced that it would promote its latest innovations in coatings and inks, including the high-performance titanium dioxide pigments, at CHINACOAT 2020, China’s most esteemed import & export trade fair.

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For the purpose of this report, the global titanium dioxide market has been segmented on the basis of grade, process, end-user, and region:

By Grade (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

  • Rutile
  • Anatase

By Process (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

  • Chloride Process
  • Sulfate Process

By End-user (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

  • Automotive
  • Paints & Coatings
  • Plastics
  • Pulp & Paper
  • Cosmetics
  • Personal Care
  • Pharmaceuticals
  • Food & Beverage
  • Construction
  • Others

By Region (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

  • North America
    1. U.S.
  • Europe
    1. Germany
    2. UK
  • Asia Pacific
    1. China
    2. India
  • Latin America
    1. Brazil
  • MEA

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Table of contents

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
    3.1. Macro Indicators
           3.1.1. Increasing global demand across various end-users
           3.1.2. Increasing incidence of skin cancer
           3.1.3. Global exporters of beauty, makeup and suntan preparations
           3.1.4. Global importers of beauty, makeup and suntan preparations
           3.1.5. Cosmetic Sector Share
Chapter 4. Titanium Dioxide Market Segmentation & Impact Analysis
    4.1. Titanium Dioxide Segmentation Analysis
    4.2. Industrial Outlook
    4.3. Regulatory Framework
    4.4. Titanium Dioxide Market Impact Analysis
           4.4.1. Market driver analysis
            Increased adoption of sunscreen for protection against UV rays
            Increasing applications of titanium dioxide for automotive paint & coatings
            Increasing research and development in the cosmetics sector
           4.4.2. Market restraint analysis
            Health problems associated with the continuous usage of titanium dioxide
            Growing environmental concern
    4.5. Key opportunities prioritized
Chapter 5. Titanium Dioxide Market By Grade Insights & Trends
    5.1. Grade Dynamics & Market Share, 2018 & 2026
    5.2. Rutile
           5.2.1. Market estimates and forecast, 2016 – 2026 (USD Million) (Kilo Tons)
           5.2.2. Market estimates and forecast, by region, 2016 – 2026 (USD Million) (Kilo Tons)
    5.3. Anatase
           5.3.1. Market estimates and forecast, 2016 – 2026 (USD Million) (Kilo Tons)
           5.3.2. Market estimates and forecast, by region, 2016 – 2026 (USD Million) (Kilo Tons)
Chapter 6. Titanium Dioxide Market By Process Insights & Trends


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