Titanium Dioxide Market Research Report- Forecast to 2028

Titanium Dioxide Market Information-by Application (Paints, Coatings Plastics, Photo-electrode, Pigment, Paper, Cosmetics, Food Additives, and Others), End User (Automotive, Personal Care, Pharmaceutical, Food & Beverages, Construction Industry, and Others) and Region Forecast till 2028

ID: MRFR/CnM/0575-HCR | February 2021 | Region: Global | 185 pages

Titanium Dioxide Market Overview


Titanium Dioxide Market size is projected to be worth USD 34.47 Billion by 2028, registering a CAGR of 8.92% during the forecast period (2021 - 2028), The market was valued at USD 21.37 billion in 2020.

 

The titanium dioxide market outlook will find its way towards significant growth. Titanium dioxide is a naturally occurring Titanium oxide and has three forms: Rutile, Anatase, and Brookite. It is known to be the whitest material ever found on the earth. It also has the highest refractive index. The significant uses of Titanium dioxide are in various industries like cosmetics, paper, food, pharmaceutical, and coatings.

 

But, it is not found in a condition in nature to be used as it is. It has to be mined cautiously from its purest form, like anatase beach sand, rutile, and then refined into adequate size. The market share of titanium dioxide global expects rapid and steady growth due to its widespread uses across multiple end-user industries.

 

COVID-19 analysis

COVID-19 pandemic has negatively impacted the way humankind used to live, forget the other utilities. With so much fear about the pandemic, every individual across the globe has been living under physical and mental stress and financial setbacks. The businesses have been impacted equally and the losses incurred are hard to be dealt with. The reports that have been prepared exclusively for the companies associated with the titanium dioxide market have all the details about the impact of the pandemic on the industry. Also, it discusses the ways o combat the losses and steps to be implemented to makes sure the future is smooth and easy for the business.

 

The discussions on how the major players in the market have been working during this pandemic are also included in the titanium dioxide market report. The in-depth analysis and the research on every aspect make it much-wanted information for all the companies.


 

Competitive landscape
Major titanium dioxide manufacturers include DuPont (US), Tayca Corporation (Japan), Tronox Limited (US), Evonik Industries (Germany), CRISTAL (Saudi Arabia), Huntsman International LLC. (US), The Chemours Company Chemours (US), Argex Titanium Inc. (North America), Shandong Doguide Group Co., Ltd (China), NL Industries, Inc (US), and Others.

All the titanium dioxide manufacturers have been working towards the smooth and efficient working of the fisher titanium dioxide market. Focusing on the advanced technologies to be bought is the main agenda they have been concentrating on. With stringent laws, they have been making sure that they introduce the technologies that bring about the change in the way of production of titanium dioxide that causes least of ni damage to the environment or the human life. They have also been following planning strategies and implementing them in the best way possible. Various acquisitions, collaborations, and mergers amongst themselves have bought immense growth in the market.


 

Market Dynamics

Growth

The titanium dioxide market size is mainly based on the increased use in various end-user industries like lightweight vehicles, increased plastic production, and increased demand for paints and costing the construction industry, especially in the industrial sector. Among all of these, the increased demand for lightweight vehicles impacts the titanium dioxide market share.

 

Drivers

The major drivers in the market’s growth include increased demand for paints in the construction industry and the increased demand for lightweight vehicles. While the paints account for almost 50% of the total consumption of titanium dioxide, it is the primary driving force in the market’s growth.

 

Restraints

The major restraints in the titanium dioxide market size growth are the stringent regulations imposed by the government due to the waste it produces, which emits hazardous radiation. The strict policies set on the production of titanium dioxide prove to be a significant restraint in its growth.

 

Regulatory Implications

Regulatory implications imposed by governments worldwide have been the primary cause hampering the titanium dioxide market outlook. Titanium dioxide is known to produce solid waste during its manufacture. This waste either gets dumped into the water bodies, affecting flora and fauna or is dumped into the ground, leading to ill effects like water level. Moreover, it also tends to emit harmful radiations, which is detrimental to the environment and leads to consequences like ozone layer depletion and cause health hazards to human beings. These causes have resulted in the imposing of very strict and stringent laws by the regulatory bodies and the governments. This has resulted in the hampered growth of the market to a great extent. Though the passing of such laws is essential, the companies associated with the market tend to suffer loss.

 

Segmentation Overview

The market is divided into two major segments, namely:

 

Based on the application:

Based on the application, the market can be subdivided into the following subcategories:


  • Paints

  • Coatings

  • Plastics

  • Photo-electrode

  • Pigment

  • Paper

  • Cosmetics

  • Food additives

  • Others


The segment that dominates the market is the paints segment owing to the increase in the demand of the construction industry, especially in the industrial region.

 

Based on the end-user

Based on the end-user, the market has the following subsections:


  • Automotive

  • Personal care

  • Pharmaceutical

  • Food & beverages

  • Construction industry

  • Others


The segment that dominates the market is the automotive sector. This growth in this segment is attributed to the increase in the demand for lightweight vehicles where titanium dioxide has a vital role to play.

 

Regional Analysis

Based on the regions, the market has the following segments:


  • North America

  • Asia-Pacific

  • Europe

  • Latin America

  • The Middle East and Africa


The region that dominates the titanium dioxide market share is the Asia Pacific segment. The dominance of the regions is attributed to the increased use of titanium dioxide in various industries like cosmetics, paints, coatings, pharmaceuticals, and many more. The counties like China and Japan hold the largest market share titanium dioxide global. The region that contains the second position is Europe, followed by North America. Latin America and the Middle East, and Africa are expecting fast growth due to increased demand for vehicles and the construction industry in the regions.

 

Recent Advancements

Here is the list of recent advancements in the market:


  • A global chemical manufacturer company, Tronox, introduced its services through an agreement with Cristal to acquire its titanium dioxide business in Feb 2017. Thus, the company is one of the most diversified product producers, with a production capacity of 1.3 million metric tonnes.

  • An iron oxide manufacturer company based in Australia agreed with a titanium dioxide manufacturer named Chemours in Feb 2017. The agreement talks about distributing the pigments of titanium dioxide in Australia, New Zealand, and the pacific islands. The purpose was o strengthen its business horizon in extended regions across the globe.

  • Rockwood Holdings was acquired by Huntsman corporation in October 2014. This agreement was done to improve the company’s position in the market and expand its business horizons.

  • A new pigment brand under the name Tioxide TR48 was introduced in the market in July 2016. This pigment provides excellent color quality and better opacity, which has increased its demands in various end-user industries.

  • Tronox acquired Exxaro in June 2012 to strengthen its presence in the market and expand its business horizons

  • Report Overview



  • The report that has been prepared exclusively for the companies associated with the global titanium dioxide market has all the aspects covered for the efficient working of a company. The market overview is provided, along with the analysis of the market after the COVID-19 pandemic. It also covers the market dynamics, emphasizing the growth, drivers, and restraints hampering the growth.

  • The regulatory implications on the market have also been discussed in the report. It also talks about the segmentation of the market based on the application, end-user, and regions. The major players of the market and the strategies they have been implementing have also been added in the titanium dioxide market report. The recent advancements of the market included in the report give the details about the new things and improvements to keep the organization up to date about the promotions.



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2020: USD 21.37 Billion
  • 2028: USD 34.47 Billion
  •   CAGR   8.92%(2021–2028)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Billion)
      Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Application, By End Use and By Region
      Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   DuPont (US), Tayca Corporation (Japan), Tronox Limited (US), Evonik Industries (Germany), CRISTAL (Saudi Arabia), Huntsman International LLC. (US), The Chemours Company Chemours (US), Argex Titanium Inc. (North America), Shandong Doguide Group Co., Ltd (China), NL Industries, Inc (US), and Others.
      Key Market Opportunities

  • Lightweight vehicles
  • Increased plastic production
  • Increased demand for paints and costing the construction industry
  •   Key Market Drivers

  • Increased demand for paints in the construction industry
  • The increased demand for lightweight vehicles.


  • Frequently Asked Questions (FAQ) :


    Titanium Dioxide Market size is projected to be worth USD 34.47 Billion by 2028

    Asia-Pacific dominates the market due to increased demands for paints and coatings in the construction industry.

    Uses of titanium dioxide in various end-user industries like pharmaceuticals, cosmetics, paints, plastics, and others is the major driving factor of the market.

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

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope of The Report

    2.1 Market Definition

    2.2 Scope of The Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Five Forces Analysis

    4.1.1 Threat of New Entrants

    4.1.2 Bargaining power of buyers

    4.1.3 Threat of substitutes

    4.1.4 Segment rivalry

    4.2 Value Chain/Supply Chain of Global Titanium Dioxide Market

    5 Industry Overview of Global Titanium Dioxide Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact analysis

    5.4 Market Challenges

    5.5 Impact analysis

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact analysis

    7. Global Titanium Dioxide Market by Region

    8. Global Titanium Dioxide Market by Application (Paints, Coatings Plastics, Photo-electrode, Pigment, Paper, Cosmetics, Food Additives, and Others)

    9. Global Titanium Dioxide Market by End User (Automotive, Personal Care, Pharmaceutical, Food & Beverages, Construction Industry, and Others)

    10. Company Profiles

    10.1 DuPont

    10.1.1 Company Overview

    10.1.2 Product/Business Segment Overview

    10.1.3 Financial Updates

    10.1.4 Key Developments

    10.2 Tronox Limited

    10.2.1 Company Overview

    10.2.2 Product/Business Segment Overview

    10.2.3 Financial Updates

    10.2.4 Key Developments

    10.3 CRISTAL

    10.3.1 Company Overview

    10.3.2 Product/Business Segment Overview

    10.3.3 Financial Updates

    10.3.4 Key Developments

    10.4 The Chemours Company Chemours

    10.4.1 Company Overview

    10.4.2 Product/Business Segment Overview

    10.4.3 Financial Updates

    10.4.4 Key Developments

    10.5 NL Industries, Inc

    10.5.1 Company Overview

    10.5.2 Product/Business Segment Overview

    10.5.3 Financial Updates

    10.5.4 Key Developments

    10.6 Shandong Doguide Group Co., Ltd

    10.6.1 Company Overview

    10.6.2 Product/Business Segment Overview

    10.6.3 Financial Updates

    10.6.4 Key Developments

    10.7 Argex Titanium Inc.

    10.7.1 Company Overview

    10.7.2 Product/Business Segment Overview

    10.7.3 Financial Updates

    10.7.4 Key Developments

    10.8 Huntsman International LLC.

    10.8.1 Company Overview

    10.8.2 Product/Business Segment Overview

    10.8.3 Financial Updates

    10.8.4 Key Developments

    10.9 Evonik Industries

    10.9.1 Company Overview

    10.9.2 Product/Business Segment Overview

    10.9.3 Financial Updates

    10.9.4 Key Developments

    10.10 Tayca Corporation

    10.10.1 Company Overview

    10.10.2 Product/Business Segment Overview

    10.10.3 Financial Updates

    10.10.4 Key Developments

    11 Conclusion

    LIST OF TABLES

    Table 1 World Population by Major Regions (2020 To 2030) (Billion)

    Table 2 Global Titanium Dioxide Market: By Region, 2020-2027 (USD Billion)

    Table 3 North America Titanium Dioxide Market: By Country, 2020-2027 (USD Billion)

    Table 4 Europe Titanium Dioxide Market: By Country, 2020-2027 (USD Billion)

    Table 5 Asia-Pacific Titanium Dioxide Market: By Country, 2020-2027 (USD Billion)

    Table 6 RoW Titanium Dioxide Market: By Country, 2020-2027 (USD Billion)

    Table 7 Global Titanium Dioxide by Application Market: By Regions, 2020-2027 (USD Billion)

    Table 8 North America Titanium Dioxide by Application Market: By Country, 2020-2027 (USD Billion)

    Table 9 Europe Titanium Dioxide by Application Market: By Country, 2020-2027 (USD Billion)

    Table10 Asia-Pacific Titanium Dioxide by Application Market: By Country, 2020-2027 (USD Billion)

    Table11 RoW Titanium Dioxide by Application Market: By Country, 2020-2027 (USD Billion)

    Table12 North America Titanium Dioxide for Types Market: By Country, 2020-2027 (USD Billion)

    Table13 Europe Titanium Dioxide for Types Market: By Country, 2020-2027 (USD Billion)

    Table14 Asia-Pacific Titanium Dioxide for Types Market: By Country, 2020-2027 (USD Billion)

    Table15 RoW Titanium Dioxide for Types Market: By Country, 2020-2027 (USD Billion)

    Table16 Global Titanium Dioxide for Types Market: By Region, 2020-2027 (USD Billion)

    Table17 North America Titanium Dioxide for Types Market: By Country, 2020-2027 (USD Billion)

    Table18 Europe Titanium Dioxide for Types Market: By Country, 2020-2027 (USD Billion)

    Table19 Asia-Pacific Titanium Dioxide for Types Market: By Country, 2020-2027 (USD Billion)

    Table20 RoW Titanium Dioxide for Types Market: By Country, 2020-2027 (USD Billion)

    Table21 RoW Titanium Dioxide for Types Market: By Country, 2020-2027 (USD Billion)

    Table22 Global Application Market: By Region, 2020-2027 (USD Billion)

    Table23 Global Types Market: By Region, 2020-2027 (USD Billion)

    Table24 North America Titanium Dioxide Market, By Country (USD Billion)

    Table25 North America Titanium Dioxide Market, By Application (Billion USD)

    Table26 North America Titanium Dioxide Market, By Types (Billion USD)

    Table27 Europe: Titanium Dioxide Market, By Country (USD Billion)

    Table28 Europe: Titanium Dioxide Market, By Application (USD Billion)

    Table29 Europe: Titanium Dioxide Market, By Types (USD Billion)

    Table30 Asia-Pacific: Titanium Dioxide Market, By Country (USD Billion)

    Table31 Asia-Pacific: Titanium Dioxide Market, By Application (USD Billion)

    Table32 Asia-Pacific: Titanium Dioxide Market, By Types (USD Billion)

    Table33 RoW: Titanium Dioxide Market, By Country (USD Billion)

    Table34 RoW Titanium Dioxide Market, By Application (USD Billion)

    Table35 RoW: Titanium Dioxide Market, By Types (USD Billion)



    LIST OF FIGURES

    FIGURE 1 Global Titanium Dioxide Market segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Five Forces Analysis of Global Titanium Dioxide Market

    FIGURE 4 Value Chain of Global Titanium Dioxide Market

    FIGURE 5 Share of Global Titanium Dioxide Market in 2020, by country (in %)

    FIGURE 6 Global Titanium Dioxide Market, 2020-2027, (USD Billion)

    FIGURE 7 Sub-segments of Types

    FIGURE 8 Global Titanium Dioxide Market size by Types, 2020

    FIGURE 9 Share of Global Titanium Dioxide Market by Types, 2020 to 2027

    FIGURE 10 Global Titanium Dioxide Market size by Application, 2020

    FIGURE 11 Share of Global Titanium Dioxide Market by Application, 2020 to 2027