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Titanium Dioxide Market Report Scope & Overview:

The Titanium Dioxide Market Size was valued at USD 20.24 billion in 2023, and is expected to reach USD 32.75 billion by 2031, and grow at a CAGR of 6.2% over the forecast period 2024-2031.

Titanium dioxide (TiO2) is a white pigment made mostly from ilmenite and rutile mineral sand as basic ingredients. Because of its favourable physical qualities, this substance is widely employed by paints & coatings and plastic compounders. Excellent whiteness, durability, brightness, dispersibility, colour and retention are all important features of TiO2. The pigment has a TiO2 level of more than 80% and is used in textiles, cosmetics, food colouring, paper & pulp, and other.

Titanium Dioxide Market Revenue Analysis

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Market Dynamics:

Drivers:

  • Manufacture of motor vehicles.

  • Applications in architectural paints and coatings. 

Restraints:

  • Several restrictions by government.

  • Creates numerous environmental problems.

Opportunity:

  • Increased use of ultrafine particles.

  • Investment in research and development.

Challenge:

  • Raw materials have a wide range of prices.

  • Developing products that are safer to use and have cheaper prices.

Impact of COVID-19:

The COVID-19 virus is changing the course of history in the twenty-first century in the same manner that the yesenia persists pathogen did in the fourteenth century. Both illnesses were quite dangerous. They poisoned a large number of people and murdered a few. Early on, governments realised they needed to restrict the virus (COVID-19.) Lockdowns and quarantines were instituted as a result of this. Because they were ineffectual, they were only temporary. Many industries were obliged to put their operations on hold or substantially cut production. As a result, several industries and markets were impacted. Because new vehicle sales plummeted (people were not travelling nearly as much), titanium dioxide output plummeted as well.

Market Segmentation:

By Process

  • Sulfate

  • Chloride

By Grade

  • Rutile

  • Anatase

By Product

  • Pigmentary

  • Ultrafine

By Application

  • Food

  • Paints & coatings

  • Paper & pulp

  • Textiles

  • Plastics & rubber

  • Cosmetics

  • Printing inks

  • Others

Titanium Dioxide Market Segmentation Analysis

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Regional Analysis:

The Asia-Pacific region will account for the greatest share of the market. The reason for this is because China's construction industry is rapidly expanding. In actuality, all of Southeast Asia's countries have seen a major increase in construction activity. Despite COVID-19, India has seen a significant increase in construction activity. Despite COVID-19, India has seen a significant increase in construction activity. As a result, demand for titanium dioxide has risen dramatically. Many titanium dioxide producers must be mindful of the tightening government regulations limiting the use of titanium dioxide in building in the Asia-Pacific region.

North America's market is expected to grow at one of the fastest rates. This is owing to the fact that North America's building industry is continuously increasing. Smart houses are becoming increasingly popular in the United States and Canada, which mandates the adoption of smart construction processes and safer materials. As a result, the demand for titanium dioxide is increasing. The European Union has the second-largest market share in the world.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

DuPont, mTayca Corporation, Argex Titanium Inc., CRISTAL, Shandong Doguide Group Co., Ltd, The Chemours Company Chemours, Tronox Limited, Evonik Industries, Huntsman International LLC., NL Industries, Inc, and other players.

mTayca Corporation-Company Financial Analysis

Company Landscape Analysis

Titanium Dioxide Market Report Scope:
Report Attributes Details
Market Size in 2023 US$ 20.24 Billion
Market Size by 2031 US$ 32.75 Billion
CAGR CAGR of 6.2% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Process (Sulfate, Chloride)
• By Grade (Rutile, Anatase)
• By Product (Pigmentary, Ultrafine)
• By Application (Food, Paints & coatings, Paper & pulp, Textiles, Plastics & rubber, Cosmetics, Printing inks, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles DuPont, mTayca Corporation, Argex Titanium Inc., CRISTAL, Shandong Doguide Group Co., Ltd, The Chemours Company Chemours, Tronox Limited, Evonik Industries, Huntsman International LLC., NL Industries, Inc, and other players.
DRIVERS • Manufacture of motor vehicles.
• Applications in architectural paints and coatings.
Restraints • Several restrictions by government.
• Creates numerous environmental problems.

Frequently Asked Questions

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

Ans: Rutile and Anatase are the sub-segments of by grade segment.

Ans: DuPont (US), mTayca Corporation (Japan), Argex Titanium Inc. (North America), CRISTAL (Saudi Arabia), Shandong Doguide Group Co., Ltd (China), The Chemours Company Chemours (US), Tronox Limited (US), Evonik Industries (Germany), Huntsman International LLC. (US) and NL Industries, Inc (US) are the major key players of Titanium Dioxide.

 

Ans: Excellent whiteness, durability, brightness, dispersibility, colour and retention are all important features of TiO2.

Ans: Global Titanium Dioxide Market Size was valued at USD 20.24 billion in 2023, and is expected to reach USD 32.75 billion by 2031, and grow at a CAGR of 6.2% over the forecast period 2024-2031.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Global Titanium Dioxide Market, By Process

8.1 Sulfate

8.2 Chloride

9. Global Titanium Dioxide Market, By Grade

9.1 Rutile

9.2 Anatase

10. Global Titanium Dioxide Market, By Product

10.1 Pigmentary

10.2 Ultrafine

11. Global Titanium Dioxide Market, By Application

11.1 Food

11.2 Paints & coatings

11.3 Paper & pulp

11.4 Textiles

11.5 Plastics & rubber

11.6 Cosmetics

11.7 Printing inks

11.8 Others

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

11.6.2Argentina

12.6.3 Rest of Latin America

13. Company Profile

13.1 DuPont,

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Tayca Corporation

13.3 Tronox Limited

13.4 Evonik Industries

13.5 CRISTAL

13.6 Huntsman International LLC.

13.7 The Chemours Company Chemours

13.8 Argex Titanium Inc.

13.9 Shandong Doguide Group Co., Ltd

13.10 NL Industries, Inc

14.Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

15. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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