Global Titanium Dioxide Market is Expected to Grow at ~8.90% CAGR During 2024 to 2032

MRFR Press Release/- Market research future published a half cooked research report on Global Titanium dioxide market. The Global Titanium Dioxide Market is expected to witness a significant growth of USD ~20.58 billion by 2023 with CAGR of ~8.90% between 2024 to 2032

Titanium Dioxide Market Synopsis

Titanium dioxide is a white powder that founds naturally. It was first intentionally produced for use as a white pigment in 1923.  It is naturally smoky and bright, which makes it useful in coating & paintings for use in rubber, paper, ceramics, paints, textiles, and cosmetics. It is also UV-resistant, which makes it effective in pigments that are likely to be exposed to considerable light, as well as for sunscreens. It is used in an extensive variety of personal care products, including color cosmetics.

Global Market Titanium Dioxide Share by Region,

Regional analysis:

The global titanium dioxide market is classified on the basis of mixed geographic segmentation which involves regions such as America, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific Titanium dioxide market is largest market owing to robust industry growth of application industry in China, Japan and India. Asia Pacific titanium dioxide market size is likely to witness highest gains over the forecast period. Positive stance on end-use industries such as automotive and construction industry, and others in countries like China & India is predict to drive demand. In addition, in Australia, the titanium dioxide market on the basis of application has been segmented into dyes, paper, plastics, paints, rubber, pure titanium metal & welding rods, and others. Above all dyes & paints segment is anticipated to be the leading segment in the titanium dioxide market.

Europe holds the second position in global titanium dioxide market due global volume share and will witness growth on account of rising need for cosmetic products in Germany, Italy, France and UK. Urbanization, higher spending power and growing awareness regarding appearance and grooming are expected to propel cosmetic industry in the region thereby driving the industry over the forecast period. North American hold third position in global titanium dioxide market the consumption has decreased remarkably during the last years, due to the decrease application of coatings consumption. Paint and coatings remains the largest outlet, accounting for highest share of consumption.

On the other hand a study by the French National Institute for Agricultural Research, recently published in the journal Nature, that titanium dioxide nanoparticles are absorbed by the intestine and passed into the bloodstream of animals after oral exposure. Their results causes that chronic oral exposure led to a non-malignant stage of carcinogenesis. However in Australia titanium dioxide is an appropriate food additive and has been used in consumer goods for years.

Key Players

Key players of the global titanium dioxide market are DuPont (US), Tronox Limited (US), CRISTAL (Saudi Arabia), The Chemours Company Chemours (US), NL Industries, Inc (US), Shandong Doguide Group Co., Ltd (China), Argex Titanium Inc. (North America), Huntsman International LLC. (US), Evonik Industries (Germany), Tayca Corporation (Japan), and Others.

Segmentation

The global titanium dioxide market is majorly segmented on the basis of application, end users and region. Based on application of titanium dioxide the market is segmented into paints, coatings, plastics, photo-electrode, pigment, paper, cosmetics, food additives, and others. Based on end user the market segmented into automotive, personal care, pharmaceutical, food & beverages, construction industry, and others and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.