The worldwide Titanium Dioxide market measurement is anticipated to achieve USD 36.40 billion by 2030 and is anticipated to increase at a CAGR of 10.3% from 2021 to 2030.
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Growth Factors
The increasing application scope of the product as materials in the automotive industry and photovoltaic systems is slated to drive the growth of the market during the forecast period. The paints & coatings industry has been witnessing significant growth in recent years, mainly on account of the increasing consumption in key end-use verticals, including construction, automotive, aerospace, and energy & power. The growing product application scope as whitening pigments in paints & coatings is expected to have a positive impact on the titanium dioxide (TiO2) market growth.
The growing awareness among consumers of emerging economies, such as the BRICS nations, regarding personal hygiene and care has led to considerable growth of the cosmetics industry. The growing consumption of the product as a UV filter and whitening agent in cosmetic goods is expected to drive the overall market during the forecast period.
Report Coverage
| Report Scope | Details |
| Market Size | USD 36.40 billion by 2030 |
| Growth Rate | CAGR of 10.3% From 2021 to 2030 |
| Base Year | 2021 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Du Pont; Tronox Ltd.; The Chemours Company; NL Industries, Inc.; Huntsman Corp.; Evonik Industries |
Report Highlights
The paints & coatings segment led the market hold for over 59% of the global revenue share in 2020. This trend is expected to continue over the forecast period. The segment is anticipated to grow at a steady CAGR from 2021 to 2030.
Superior properties including opacity, whiteness, scattering of light, and high refractive index of TiO2 have accelerated its usage in paints & coatings formulations. The product is widely used as a key raw material in the production of emulsion paints and anticorrosion, automotive, aircraft, marine & decorative coatings.
The plastics segment is projected to register the fastest CAGR from 2021 to 2030. The product improves the mechanical strength and electrical properties of plastic products.Plastics production is expected to increase over the forecast period, owing to their rising demand in automotive, building materials, and masterbatches.
The pulp & paper segment is also one of the key end-users of TiO2 owing to its usage as a filler in pulp & paper production. The product improves the brightness, opacity, color, porosity, smoothness, gloss, and printability of paper.
Asia Pacific was the largest regional market and held for a revenue share of over 42% in 2020. The regional market will expand further at the largest CAGR from 2021 to 2030. Rising construction activities in China, India, and Southeast Asian countries have motivated the demand for paints & coatings in the region, which, in turn, is expected to augment product demand.
Recent economic developments and rapid industrialization have stimulated the product demand in Asia Pacific. Countries, such as China, India, Japan, Malaysia, Vietnam, Indonesia, and South Korea, are projected to be the major contributors to the region’s growth.
The Latin America and MEA regions are expected to witness promising industry trends over the forecast period. The regions are likely to emerge as high-potential markets over the next few years. The product demand in Brazil is expected to increase at a robust pace due to the growing number of PV installations in the country.
Key Players
- Du Pont
- Tronox Ltd.
- The Chemours Company
- NL Industries, Inc.
- Huntsman Corp.
- Evonik Industries
Market Segmentation
- Application
- Paints & Coatings
- Plastics
- Paper & Pulp
- Cosmetics
- Others
- Regional
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Sri Lanka
- Latin America
- Brazil
- Middle East & Africa
- UAE
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Titanium Dioxide Market, By Application
7.1. Titanium Dioxide Market, by Application, 2020-2030
7.1.1. Paints & Coatings
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Plastics
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Paper & Pulp
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Cosmetics
7.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Titanium Dioxide Market, Regional Estimates and Trend Forecast
8.1. North America
8.1.1. Market Revenue and Forecast, by Application (2017-2030)
8.1.2. U.S.
8.1.3. Rest of North America
8.1.3.1. Market Revenue and Forecast, by Application (2017-2030)
8.2. Europe
8.2.1. Market Revenue and Forecast, by Application (2017-2030)
8.2.2. UK
8.2.2.1. Market Revenue and Forecast, by Application (2017-2030)
8.2.3. France
8.2.3.1. Market Revenue and Forecast, by Application (2017-2030)
8.2.4. Rest of Europe
8.2.4.1. Market Revenue and Forecast, by Application (2017-2030)
8.3. APAC
8.3.1. Market Revenue and Forecast, by Application (2017-2030)
8.3.2. India
8.3.2.1. Market Revenue and Forecast, by Application (2017-2030)
8.3.3. China
8.3.3.1. Market Revenue and Forecast, by Application (2017-2030)
8.3.4. Japan
8.3.4.1. Market Revenue and Forecast, by Application (2017-2030)
8.3.5. Rest of APAC
8.3.5.1. Market Revenue and Forecast, by Application (2017-2030)
8.4. MEA
8.4.1. Market Revenue and Forecast, by Application (2017-2030)
8.4.2. GCC
8.4.2.1. Market Revenue and Forecast, by Application (2017-2030)
8.4.3. North Africa
8.4.3.1. Market Revenue and Forecast, by Application (2017-2030)
8.4.4. South Africa
8.4.4.1. Market Revenue and Forecast, by Application (2017-2030)
8.4.5. Rest of MEA
8.4.5.1. Market Revenue and Forecast, by Application (2017-2030)
8.5. Latin America
8.5.1. Market Revenue and Forecast, by Application (2017-2030)
8.5.2. Brazil
8.5.2.1. Market Revenue and Forecast, by Application (2017-2030)
8.5.3. Rest of LATAM
8.5.3.1. Market Revenue and Forecast, by Application (2017-2030)
Chapter 9. Company Profiles
9.1. Du Pont
9.1.1. Company Overview
9.1.2. Product Offerings
9.1.3. Financial Performance
9.1.4. Recent Initiatives
9.2. Tronox Ltd.
9.2.1. Company Overview
9.2.2. Product Offerings
9.2.3. Financial Performance
9.2.4. Recent Initiatives
9.3. The Chemours Company
9.3.1. Company Overview
9.3.2. Product Offerings
9.3.3. Financial Performance
9.3.4. Recent Initiatives
9.4. NL Industries, Inc.
9.4.1. Company Overview
9.4.2. Product Offerings
9.4.3. Financial Performance
9.4.4. Recent Initiatives
9.5. Huntsman Corp.
9.5.1. Company Overview
9.5.2. Product Offerings
9.5.3. Financial Performance
9.5.4. Recent Initiatives
9.6. Evonik Industries
9.6.1. Company Overview
9.6.2. Product Offerings
9.6.3. Financial Performance
9.6.4. Recent Initiatives
Chapter 10. Research Methodology
10.1. Primary Research
10.2. Secondary Research
10.3. Assumptions
Chapter 11. Appendix
11.1. About Us
11.2. Glossary of Terms
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