Titanium Dioxide Market Size, Share and Industry Analysis Report by Process (Sulfate, Chloride), Grade (Rutile, Anatase), Product (Pigmentary, Ultrafine) and Application (Food, Paints & Coatings, Paper & Pulp, Textiles, Plastics & Rubber, Cosmetics, Printing Inks), Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

Industry Overview

Global Titanium Dioxide Market size was valued at over USD 17 billion in 2019 and is estimated to exhibit growth with over 7.5% CAGR from 2020 to 2026. The ongoing trend of using self-cleaning technologies across various industries will propel the product demand over the forecast time period.
 

Titanium dioxide (TiO2) is a white pigment, majorly obtained from raw materials such as ilmenite and rutile mineral sand. This product is extensively used by paints & coatings and plastic compounders owing to its desirable physical properties. Some of the key properties of TiO2 include excellent whiteness & brightness, color retention, durability, high dispersibility, etc. The pigment generally possesses more than 80% content of TiO2 and is in demand for the coloring applications of food items, paper & pulp, textiles, cosmetics, etc.
 

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The prosperous paints & coatings sector will propel TiO2 usage in the near term

The growing global paints & coatings industry is likely to drive the titanium dioxide market demand over a forecast time period. The product is extensively used to produce architectural paints, wallpaper coatings, radiator paints, plastic paints, etc. in the industry. Rising automotive production and expenditure in the construction sector will be key growth parameters for the paints & coatings industry, which will further enhance the TiO2 demand in upcoming years.
 

In the U.S., paints & coatings production was projected at more than 5 billion liters in 2017 and is expected to grow significantly in upcoming years. An increasing number of vehicles in emerging nations including China, India, Mexico, etc. are likely to enhance paints & coatings usage in coming years.
 

Another key growth enabling factor is an ongoing trend of self-cleaning technologies across various end-user industries worldwide. Some of the potential applications of this product include self-cleaning fabric, antimicrobial coatings for hospital infections, self-cleaning concrete, polycarbonate substrate, self-cleaning paints, etc.

The key restraint to the titanium di-oxide market is its volatile prices, which is likely to pose challenges to the industry growth over the forecast time period. Historically, the product has seen a considerable fluctuation in prices owing to large variations in supply and demand.
 

Such trends have created price volatility of TiO2, which will further affect titanium dioxide market development over the coming years. However, rising expenditure on construction activities worldwide will create the need for paints & coatings.
 

Emerging nations will drive the share of the Sulfate process in the near term

The sulfate process will be growing at a CAGR of 7% from 2020 to 2026 owing to its relative ease of handling. The process utilizes sulfuric acid to produce titanium di-oxide from mineral sand. However, this process generates a large amount of waste.
 

Superior properties of rutile grade will be responsible for its tremendous growth

Rutile grade titanium dioxide market share is likely to grow at 8.2% CAGR over the forecast time period owing to its superior characteristics as compared to anatase titanium dioxide. This grade possesses higher hiding power and weatherability and can be used in the applications of advanced outdoor coatings, latex coatings, advanced paper coatings, etc. These grades can be manufactured using either chloride or sulfate process.
 

Trending self-cleaning technologies will increase the popularity of ultrafine products

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Ultrafine titanium dioxide will be growing at the highest rate over the forecast time period. The product contains lower content of TiO2 and particle size lesser than 100 nm. Growing usage of nanoparticles in various end-user industries will increase the penetration of ultrafine TiO2 by the end of the forecast time period.
 

Growth in end-user industries will increase the share of the paints & coatings segment

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Paints & coatings will account for more than 55% share of the overall market throughout the forecast time period. TiO2 possesses key characteristics of excellent opacity, color retention, high whiteness, durability, etc., which is why it is gaining importance in the paints & coatings sector. Growing automotive production and construction activities across the world will create the need for paints & coatings products.
 

Booming Chinese plastic production will stimulate TiO2’s demand in the Asia Pacific

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The Asia Pacific will account for more than 40% share of the overall market in the upcoming years. The key reason behind this is growing plastic and paints and coatings production in China. China accounted for around 30% of global plastic production in 2016 and is likely to increase its share over coming years. Apart from these, the rising number of automobiles along with increasing construction activities in major counties will stimulate the titanium dioxide market revenue in this region.
 

Capacity expansion and strategic agreements will form the basis for industry players

Key participants involved in the titanium dioxide industry are The Chemours Company, Venator Material Plc, Kronos, Lomon Billions, and Tronox Holding Plc. The majority of these players have established their manufacturing operations across the world.
 

Some of the key strategies adopted by these players include strategic acquisitions, product launches, and long-term off-take agreements with the customers. For instance, Lomon Billions acquired Yunnan Metallurgical Xinli Titanium Industry Co., with an objective to increase its production capacity of titanium slag, sponge, and TiO2. Similarly, Kronos has entered into a distribution agreement with Brenntag for selling its titanium dioxide in the European market.
 

The titanium dioxide market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD million from 2020 to 2026, for the following segments:

By Process

• Sulfate
• Chloride

By Grade

• Rutile
• Anatase

By Product

• Pigmentary
• Ultrafine

By Application

• Food
• Paints & coatings
• Paper & pulp
• Textiles
• Plastics & rubber
• Cosmetics
• Printing inks
• Others

The above information is provided on a regional and country basis for the following:

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • Italy
  • Russia
  • Belarus
  • Georgia
  • Poland
  • Sweden
  • Slovak Republic
  • France
  • Denmark
  • Finland
  • Moldova
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Malaysia
  • Thailand
  • Vietnam
  • Singapore
• Latin America
  • Brazil
  • Mexico
  • Chile
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Turkey
  • Oman
  • South Africa