Titanium Dioxide Market Size 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), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

Published Date: Mar 2020  |  Report ID: GMI2287  |  Authors: Kiran Pulidindi, Sayan Mukherjee

Report Format: PDF   |   Pages: 297   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

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. Ongoing trend of using self-cleaning technologies across various industries will propel the product demand over the forecast time period.
 

Titanium Dioxide Market Outlook
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Titanium di-oxide (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 are in demand for the coloring applications of food items, paper & pulp, textiles, cosmetics, etc.
 

Titanium Dioxide Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 17.21 Billion (USD)
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 7.8% 2026 Value Projection: 27.58 Billion (USD)
Pages: 297 Tables, Charts & Figures: 408
Geographies covered (31): U.S., Canada, Germany, UK, Italy, Russia, Belarus, Georgia, Poland, Sweden, Slovak Republic, France, Denmark, Finland, Moldova, China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, Singapore, Brazil, Mexico, Chile, Saudi Arabia, UAE, Turkey, Oman, South Africa
Segments covered: Process, Grade, Product, Application, Region
Companies covered (16): The Chemours Company, Tronox Holdings Plc., Venator Materials Plc, Lomon Billions, Kronos, Travancore Titanium Product Ltd., Ishihara Sangyo Kaisha Ltd, Parshwanath Dye Stuff Industries, Shanghai Jianghu Titanium White Products Co., The Kerala Minerals & Metals Ltd, Shanghai Jiuta Chemicals Co., Argex Titanium Inc., GRUPA Azoty, Tayca Corporation, Cinkarna Celje, PRECHEZA a.s.
Growth Drivers:
  • Growing paints & coatings industry worldwide
  • Trending self-cleaning technologies in various industries
Pitfalls & Challenges:
  • Volatile product prices
  • Stringent government regulations regarding VoC emission

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Prosperous paints & coatings sector will propel TiO2  usage in near term

Growing global paints & coatings industry is likely to drive the titanium dioxide market demand over 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 construction sector will be key growth parameters for 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. Increasing number of vehicles in emerging nations including China, India, Mexico, etc. are likely to enhance paints & coatings usage in coming years. Such trends are likely to increase titanium dioxide market share across the globe.
 

Another key growth enabling factor is ongoing trend of self-cleaning technologies across various end-user industries worldwide. Some of the potential applications of this product includes, self-cleaning fabric, antimicrobial coatings for hospital infections, self-cleaning concrete, polycarbonate substrate, self-cleaning paints, etc. which will again drive the titanium dioxide market growth over forecast time period.
 

The key restraint to 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 considerable fluctuation in prices owing to large variation in supply and demand.
 

During the period of 2009 to 2011 the price of TiO2 rose drastically as the customers had tendency to order in excess than required to save themselves from additional price hike in the next year. After that, prices started to fall roughly in 2016 which led consumers to stop procuring TiO2 from the manufacturers as they had stocked up already in the previous cycle.
 

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

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

Sulfate process will be growing at CAGR of 7% in the forecast years, primarily owing to its relative ease of handling. The process utilizes sulfuric acid to produce titanium di-oxide from mineral sand. However, this process generates large amount of waste, which is a major disadvantage.
 

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

Rutile grade titanium dioxide market 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.
 

Treding self-cleaning technologies will increase popularity of ultrafine products

Titanium Dioxide Market by Product

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Ultrafine titanium di-oxide from titanium dioxide market will be growing at highest rate over the forecast time period. The product contains lower content of TiO2 and particle size lesser than 100 nm. Ultrafine particles are widely used in the applications of water & air purification, self-cleaning technologies, etc. 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 share of paints & coatings segment

 

Titanium Dioxide Market by Application

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Paints & coatings will account for more than 55% share of overall market throughout the forecast time period. TiO2 possess 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 need for paints & coatings product, which will again increase the TiO2 market share.

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

Titanium Di-oxide Market by Region

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Asia Pacific will account for more than 40% share of 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, rising number of automobiles along with increasing construction activities in major counties will stimulate the titanium dioxide industry size in this region.
 

Capacity expansion and strategic agreements will form basis for industry players

Key participants involved in titanium dioxide industry are The Chemours Company, Venator Material Plc, Kronos, Lomon Billions and Tronox Holding Plc. 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 distribution agreement with Brenntag for selling its titanium dioxide in European market.
 

Titanium Di-oxide Market Segmentation:

Market by Process

  • Sulfate
  • Chloride

Market by Grade

  • Rutile
  • Anatase

Market by Product

  • Pigmentary
  • Ultrafine

Market 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
       

Frequently Asked Questions (FAQ) :

According to the report published by Global Market Insights Inc., the titanium dioxide business is expected to attain a value of $27.5 billion by 2026.
Growing paints & coatings industry worldwide and trending self-cleaning technologies in various industries are major key factors expected to drive the growth of global market.
The Chemours Company, Tronox Holdings Plc., Venator Materials Plc, Lomon Billions, Kronos, Travancore Titanium Product Ltd., Ishihara Sangyo Kaisha Ltd, Parshwanath Dye Stuff Industries, Shanghai Jianghu Titanium White Products Co., The Kerala Minerals & Metals Ltd, Shanghai Jiuta Chemicals Co., Argex Titanium Inc., GRUPA Azoty, Tayca Corporation, Cinkarna Celje are some of the top contributors in the industry.
The paints & coatings application segment registered a highest market share in 2019 and is projected to record a remarkable growth rate throughout the forecast period.

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