Global Titanium Dioxide Market Report 2023: Rising Demand from Paints & Coatings Applications Drives Growth

DUBLIN, May 9, 2023 /PRNewswire/ -- The "Titanium Dioxide Market Size, Share & Trends Analysis Report By Grade (Anatase, Rutile), By Production Process (Sulfate, Chloride), By Application, By Region, And Segment Forecasts, 2023 - 2030" report has been added to  ResearchAndMarkets.com's offering.

The global titanium dioxide market size is expected to reach USD 30.62 billion by 2030, registering a CAGR of 6.3%.

Companies Mentioned

• The Chemours Company
• The Tronox Holdings plc
• LB Group
• Venator Materials Plc
• KRONOS Worldwide Inc.
• Evonik Industries AG
• ISHIHARA SANGYO KAISHA, LTD.
• CNNC HUAN YUAN Titanium Dioxide Co., Ltd.
• The Kerala Minerals & Metals Limited
• Cathay Industries
• TOR Minerals International, Inc.

The expanding application scope of titanium dioxide (TiO2) as specialty coating materials in the automotive industry and photovoltaic systems is likely to fuel the growth of the market during the forecast period.

The paints and coatings industry has been witnessing significant growth in recent years, mainly on account of the increasing consumption in key end-use verticals, including construction, automotive, aerospace, and energy and power. The growing scope of the product as whitening pigments in paints and coatings is expected to have a positive impact on the future growth of the industry.

The growing awareness among consumers of emerging economies such as the BRICS nations regarding personal hygiene and care has led to the considerable growth of the cosmetics industry. The growing consumption of the product as a UV filter and whitening agent in cosmetic goods is expected to drive the overall industry during the forecast period.

The paints and coatings application segment is expected to expand at the highest revenue-based CAGR over the forecast period. The performance attributes of the paints, including weatherability, whiteness, and opacity, play a major role in the quality and effectiveness of paints & coatings.

Titanium Dioxide Market Report Highlights

• The market is driven by the expanding application scope of the product in plastics, paints and coatings, and cosmetics industries
• The rutile grade segment led the market in terms of revenue in 2020 owing to its utilization as a carrier in paint applications, producing white color in plastics, and preventing fading of the color in papers. The rapidly growing construction industry is anticipated to fuel the demand for rutile grade of TiO2 during the forecast period
• The sulfate production process segment is expected to expand at the fastest revenue-based CAGR during the forecast period. The segment is driven by the growing demand for lightweight paints for the reduction of the overall weight of the vehicle from the automotive industry
• The Asia Pacific region accounted for the largest revenue share of more than 40.0% in 2020, which can be attributed to the rapid growth of the application industries, including paints and coatings, plastics, and cosmetics, in key economies of the region
• Strategic partnerships and acquisitions are among the prominent strategies adopted by the players operating in the market. For instance, in April 2019, Venator Materials PLC completed the acquisition of the European TiO2 paper laminates business from Tronox Holdings plc

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Titanium Dioxide Market Variables and Trends
3.1 Market Lineage Outlook
3.2 Industry Value Chain Analysis
3.2.1 Raw Material Outlook
3.2.2 Manufacturing Trends
3.2.3 Sales Channel Analysis
3.3 Price Trend Analysis
3.3.1 Factors Affecting Prices
3.4 Regulatory Framework
3.5 Market Dynamics
3.5.1 Market Driver Impact Analysis
3.5.1.1 Rising Demand from Paints & Coatings Application
3.5.1.2 Growing Demand from Various Application
3.5.2 Market Restraint Impact Analysis
3.5.2.1 Stringent Regulations is Expeceted to Restrain the Market Growth
3.5.3 Industry Challenges
3.5.4 Industry opportunities
3.6 Industry Analysis Tools
3.6.1 porter's analysis
3.6.2 Macroeconomic Analysis

Chapter 4 Titanium Dioxide Market: Supplier Portfolio Analysis
4.1 List of Raw Material Suppliers
4.2 Portfolio Analysis/Kraljic Matrix
4.3 Engagement Model
4.4 Negotiation Strategies
4.5 Sourcing Best Practices

Chapter 5 Titanium Dioxide Market: Grade Estimates & Trend Analysis
5.1 Grade Movement Analysis & Market Share, 2022 & 2030
5.2 Titanium Dioxide Market Estimates & Forecast, By Grade (Tons) (USD Million)
5.2.1 Anatase
5.2.2 Rutile

Chapter 6 Titanium Dioxide Market: Production Process Estimates & Trend Analysis
6.1 Production Process Movement Analysis & Market Share, 2022 & 2030
6.2 Titanium Dioxide Market Estimates & Forecast, By Production Process (Tons) (USD Million)
6.2.1 Sulfate
6.2.2 Chloride

Chapter 7 Titanium Dioxide Market: Application Estimates & Trend Analysis
7.1 Application Movement Analysis & Market Share, 2022 & 2030
7.2 Titanium Dioxide Market Estimates & Forecast, By Application (Tons) (USD Million)
7.2.1 Paints & Coatings
7.2.2 Plastics
7.2.3 Pulp & Paper
7.2.4 Cosmetics
7.2.5 Other Application

Chapter 8 Titanium Dioxide Market: Regional Estimates & Trend Analysis

Chapter 9 Titanium Dioxide Market - Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/r/i39r1i

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