Global Titanium Dioxide Market to Grow at a CAGR of 3% Over the Forecast Period of 2024-2032

The global titanium dioxide market is being driven by the increased application of titanium dioxide in plastics, paints, and coatings segment. Further, with the advancement in technology and the introduction of titanium dioxide nanoparticles, its demand in the ceramic industry has witnessed a rapid increase in the past few years. The Asia Pacific leads the global titanium dioxide market, accounting for over two-fifth of the global market share, followed by Europe and North America.

As titanium dioxide pigments add brightness and durability to paints, plastics, paper, and other products, its demand is increasing, leading to the increased production of titanium dioxide by major manufacturers globally. In April 2020, Tronox Holdings PLC (NYSE: TROX), a global mining and inorganic chemicals company and a key player in the titanium dioxide market, announced the acquisition of the titanium dioxide business of The National Titanium Dioxide Company Limited (“Cristal”), which will allow the companies to expand their titanium dioxide business across six continents. In May 2020, the Federal Trade Commission further allowed the divestiture of Cristal’s North American titanium dioxide business to INEOS Enterprises. This acquisition by INEOS of Cristal’s North American titanium dioxide business from Tronox will enable the company to expand its titanium dioxide business in North America, along with providing it an opportunity to enter into the pigments business.

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Market Breakup by Applications and Regions:

• Titanium dioxide finds applications in paints and coatings, plastics, and papers, among other industries. 
• Region-wise, the titanium dioxide market can be divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global titanium dioxide market is being driven by the growth of the paints and coatings industry, which forms the largest application sector for the product.  
• The rising infrastructure activities impacting the construction sector and the development of the automobile sector are propelling the titanium dioxide industry forward. 
• The increasing urbanisation and the rise in per capita income, particularly in the developing economies, is further aiding the global titanium dioxide industry. 
• The increasing demand for the product from the pigment, plastic, and packaging industries is providing further impetus to the market for its growth.

Key Offerings of the Report:

• The EMR report gives a detailed insight into the applications and regional markets of titanium dioxide for the periods (2018-2023) and (2024-2032). 
• The report gives the regional historical (2018-2023) and forecast (2024-2032) price trends for the product.
• The global trade data analysis has also been provided in the report by EMR, covering the volume and value of the major exporting and importing countries.

The major players in the global titanium dioxide market are The Chemours Company LLC, Venator Materials PLC, KRONOS Worldwide, Inc., Tronox Holdings PLC, LB Group Co Ltd, Shandong Doguide Group Co., Ltd, Nanjing Titanium Dioxide Chemical Co., Ltd., and Ningbo Xinfu Titanium Dioxide Co., Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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