Titanium Dioxide Market - Global Industry Analysis

Titanium Dioxide Market

Titanium Dioxide Market Size, Share, Growth, Industry Analysis 2023

Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-4655 Published Date: Sep-2019 Status : Published
Market Size in 2018 Market Forecast in 2025 CAGR (in %) Base Year
USD 11.98 billion USD 18.13 billion 6.1% 2018

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Titanium dioxide or TiO2, a white, opaque natural mineral, is also called titania. This is among the most important minerals, which is a rutile and natural anatase that is available in a number of crystalline forms. These natural forms of oxide can be exploited and used as a commercial titanium source. Generally, titanium dioxide is absorbent and odorless in nature. Its most significant role is to provide whiteness and opacity that is commonly used as a pigment.

The titanium dioxide market is expected to observe rapid growth over the forecast time period, owing to the increasing applications of titanium dioxide in cosmetic products across the globe. In the cosmetic industry, titanium dioxide is used in various products like balms, shampoos, lotions, soaps, creams, lipsticks, and hair dyes. Moreover, titanium dioxide is also used in sunscreen products and often in combination with chemical UV-filters. Additionally, the rising applications of titanium dioxide in printing inks are projected to boost the titanium dioxide market growth in the upcoming years. Titanium dioxide is used in lamination, flexographic, UV-cured, screen printing, and metal decorative inks. However, the stringent environmental regulations on titanium dioxide are likely to hamper the titanium dioxide market. The development of titanium dioxide nanoparticles is anticipated to further propel the titanium dioxide market in the future.

Global Titanium Dioxide Market

The titanium dioxide market is fragmented on the basis of grade and application. The grade segment of the titanium dioxide market includes rutile and anatase. In 2018, the rutile segment accounted for a significant share of the titanium dioxide market. Anatase grade is projected to show the highest CAGR in the future. By application, the market includes paints and coatings, pulp and paper, plastics, cosmetics, ink, food additives, and others. Paints and coatings dominated the market due to the increasing usage of titanium dioxide in vehicle paints. Titanium dioxide is widely used in automotive paints owing to its brightness and resilience properties.

The Asia Pacific region dominated the titanium dioxide market globally in 2018, due to the high demand for titanium dioxide in various end-user industries, such as cosmetics, plastics, and paints and coatings, growing residential and commercial construction activities, and rising investments in infrastructural development projects across the region. In addition, China holds a significant market share in the region due to its emerging end-use industries.

Some key manufacturers involved in the titanium dioxide market are Huntsman International, The Chemours Company, Kronos Worldwide, Jianghu Titanium White, Argex Titanium, Dow Chemical Company, Evonik, Titanos Group, Henan Billions Chemicals, Tayca Corporation, Cristal, and Tronox.

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