The report “Titanium Dioxide Market by Grade (Rutile, Anatase), Process (Sulfate, Chloride), Application (Paints & Coating, Plastics, Paper, Inks), & Region(North America, Europe, Asia Pacific, MEA, South America) – Trends and Forecasts up to 2026″, size is estimated to be USD 20.9 billion in 2021 and is projected to reach USD 27.9 billion by 2026, at a CAGR of 5.9% between 2021 and 2026.
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• 196 Market data Tables
• 60 Figures
• 240 Pages and in-depth TOC on “Titanium Dioxide Market – Global Forecast to 2026″
Some of the prominent key players are:
- The Chemours Company (US)
- Tronox Holding PLC (US)
- Lomon Billions Group (China)
- Venator Materials PLC (UK)
- Kronos Worldwide Inc (US)
- INEOS (UK), CINKARNA Celje d.d. (Slovenia)
- Evonik Industries AG (Germany)
- TAYCA CORPORATION (Japan)
- ILUKA RESOURCES (Australia)
- ISHIHARA SANGYO KAISHA, LTD.(Japan)
By application, Paints & Coatings account for the largest share of the Titanium Dioxide market
The growth in paints & coating is attributed to the growing construction industry, including both residential and non-residential infrastructure, across the world. Titanium dioxide mainly finds applications in architectural paints & coatings. Architectural paints must have UV and water resistance, whereas some specialized coatings need to be chemical and corrosion-resistant. Titanium dioxide provides an excellent durable coating that can resist UV rays from the sun and maintain a newly painted look for a significant time. Titanium dioxide is used in paints and coatings meant for exterior surfaces for better color fading, chalking, and cracking resistance. Further, it has a photocatalyst ability that enables self-cleaning and provides protection against bacteria, algae, fungi, and pollution. The use of titanium dioxide in paints and coatings ensures ease of application, a long-lasting fresh look, fewer coatings, easy cleaning surface.
Sulfate Process account for the largest share of the Titanium Dioxide market by process
The sulfate process is a batch process that utilizes sulfuric acid to extract titanium dioxide from Ilmenite or titanium slag. The sulfate process for the manufacturing of titanium dioxide is majorly utilized in the APAC region, particularly in China. It is less environmentally friendly; therefore, it is performed under several government regulations. The sulfate process is more economical as it uses low-grade and cheaper ores, such as Ilmenite, and simpler technology to manufacture titanium dioxide. The production cost of sulfate is high, and a large amount of waste material is generated during the process technology, which further includes pollution control cost. The sulfate process manufactures both anatase-grade and rutile-grade titanium dioxide
APAC accounted for the largest share in the global Titanium Dioxide market
APAC accounted for the largest share of the Titanium Dioxide market in 2020, followed by Europe and North America. Increasing investments in infrastructure development projects, growing urbanization, improving the standard of living, and thriving automotive sector, as well as high economic growth, are the key factors for the regions overall growth. APAC is the largest market for the paints and coating industry, driven by the ever-increasing population and rapid urbanization in China and India. China is the worlds largest producer and consumer of paints and coatings, with several leading players investing in the country to build new manufacturing facilities. The growth of the market for industrial coatings in China is driven by foreign investments, as well as due to the availability of cost-effective labor and low-cost raw materials. Moreover, the country is also a significant exporter of paints and coatings across the world. Titanium dioxide is an essential constituent in paints & coatings applications. The growth in paints & coatings applications expects to further drive the market for titanium dioxide in the region.
