South Korea Titanium Dioxide Market Report and Forecast 2025-2034

South Korea Titanium Dioxide Market Size

The South Korea titanium dioxide market reached approximately USD 455.58 million in 2023. The market is projected to grow at a CAGR of 5.70% between 2024 and 2032, reaching a value of around USD 753.86 million by 2032.

South Korea Titanium Dioxide Market Outlook

• As per the industry reports in 2022, South Korea ranked 5th in the list of countries with the largest trade values in imports of pigments and preparations based on titanium dioxide.

• The Ministry of Food and Drug Safety of Korea offered a proposal for the modification of the usage of titanium dioxide in special-use food on January 30, 2023, under the Partial Amendment of the Korea Food Standard and Specification No. 2023-38.

• Cangzhou Sefu Ceramic New Materials company announced on September 7th, 2023, that it has shipped a batch of titanium dioxide-coated high-quality filters to South Korea.

South Korea Titanium Dioxide Market Growth

The growing construction sector and the rising sales of automobiles in the country are two of the crucial factors aiding market growth. The robust growth of the construction sector is supported by rapid urbanisation and a surge in the real estate sector of the country. Titanium dioxide is a key ingredient in paints and coatings and with the increased infrastructure development, its demand is also expected to increase.

With the flourishing automotive sector, titanium dioxide is expected to find increased usage in automotive coatings as it offers resistance against UV rays and maintains the durability of the vehicles. In 2022, the Ministry of Land, Infrastructure, and Transport (MOLIT) announced that EV registration in the country witnessed an increase of around 72.7 per cent year-on-year, which created new opportunities for titanium dioxide paints and coatings in the EV sector.

The expansion of the electronics sector is another crucial factor which aids the titanium dioxide market development. Titanium dioxide coatings find growing applications in electronic devices such as capacitors and semiconductors for their corrosion-resistant and wear-resistant properties. In 2022, South Korea witnessed a foreign investment of USD 3 billion in its electronics sector which is expected to bolster the demand for titanium dioxide.

Furthermore, the titanium dioxide produced in the form of ultrafine product, which is transparent and offers high absorption of ultraviolet light, finds high usage in the sunscreens. It creates a temporary barrier for maximum protection against sun rays and can even prevent skin cancer with regular usage.

South Korea Titanium Dioxide Industry Segmentation

“South Korea Titanium Dioxide Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Grade

• Rutile

• Anatase

Market Breakup by Process

• Chloride

• Sulfate

Market Breakup by Application

• Paints and Coatings

• Plastics

• Paper and Pulp

• Cosmetics

• Others

South Korea Titanium Dioxide Market Share

Paints and coatings applications require a lot of titanium dioxide. The use of pigments improves the light, heat, and brightness stability of paints and coatings. Vehicle coatings, aircraft coatings, marine coatings, and architectural and decorative coatings are some of the end-use applications where titanium dioxide and other colored pigments are used. An increase in construction activity drives up the demand for paint and coatings, which, in turn, drives up titanium dioxide demand.

Leading Companies in South Korea Titanium Dioxide Market

The market players are increasing the capacities of their production plants to meet the rising demand of titanium dioxide in country.

• COSMO Chemical Co., Ltd.

• Tronox Holdings Plc

• Kumyang Co. Ltd.

• NANO Chemical Co., Ltd.

• INEOS AG

• Others

Key Highlights of the Report