Titanium Dioxide Market to Exhibit a CAGR of 7.1% from 2025 to 2032; Increase in Construction Projects Drives Demand for TiO2, Fueling Market Growth

The global titanium dioxide market size was valued at USD 22.28 billion in 2024. The market is projected to grow from USD 24.81 billion in 2025 to USD 40.07 billion by 2032, exhibiting a CAGR of 7.1% during the forecast period. Fortune Business Insights™ presents this information in its report titled Titanium Dioxide Market Size, Share & Industry Analysis, By Process (Sulfate and Chloride), By Application (Paints & Coatings, Plastics, Paper, and Others), and Regional Forecast, 2025-2032

Titanium Dioxide (TiO2) consists of a white powdered chemical compound characterized by its bright white pigmentation. This mineral plays a crucial role in industrial and consumer products, such as cosmetics, paints and coatings, plastics, textiles, paper, food colorants, and more. Within the construction and automotive industries, TiO2 is a vital pigment in paint and coatings that are used for roofing materials, automotive product designs, floor coverings, and printing inks. Growth of construction projects in developing regions due to rising population, has resulted in increased demand for TiO2 in paints and coatings applications. Furthermore, the increased utilization of plastics and rubber in diverse consumer goods is contributing to the market expansion.

The COVID-19 pandemic substantially affected the global titanium dioxide market as industries including construction, consumer goods, and manufacturing experienced temporary closures causing a significant decline in demand.

Tronox Holdings plc Acquired TiZir Titanium and Iron Business to Strengthen Market Position

Tronox Holdings plc., a leading manufacturer of titanium dioxide pigment, made a deal to acquire the TiZir Titanium and Iron business from Eramet S.A., a mining and metallurgy company. The company completed the acquisition of the business, valued at 300 million. The TiZir facility is based in Norway having an annual output of approximately 230 KT and 90 KT, for high-grade titanium slag and high-purity pig iron.

Rising Demand for Lightweight Vehicles Propels TiO2 Market Growth

The surge in demand for lightweight vehicles, fueled by technological breakthroughs within the automotive sector, is driving the growth of TiO2 market. More stringent emission standards have driven demand for fuel-efficient automobiles that will drive titanium dioxide market growth. Moreover, rising construction activities driven by consumers enhancing lifestyles and government infrastructure projects are also promoting the demand for TiO2.

However, availability of alternatives creates a significant hurdle for the market’s development.

Leading Players Focus on Capacity Improvement and Product Innovation to Gain an Advantage

Major market players are focusing on product innovation, capacity improvement, acquisition, mergers, and collaboration to gain an advantage. For instance, DuPont leveraged capacity enhancement as a strategic tool to strengthen its market position. The company built and expanded its TiO2 production facilities at the site in Mexico. The new plant’s construction and upgrade boosted production capacity of the company to 350 KT.

Key Industry Development

• December 2024: Chemours plans to broaden its DeLise plant in partnership with PPC Group that will build a chlor-alkali facility to maintain a steady chlorine supply for titanium dioxide production.

List of Key Players Profiled in the Report

• Tronox Holdings plc (U.S.)
• The Chemours Company (U.S.)
• Argex Titanium Inc. (Canada)
• Evonik Industries (Germany)
• The Kish Company, Inc. (U.S.)
• Ishihara Sangyo Kaisha Ltd. (Japan)
• Venator Materials PLC. (U.S.)
• Tayca Corporation (Japan)
• LB Group (China)
• Kronos Worldwide, Inc. (U.S.)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/titanium-dioxide-tio2-market-102390

Further Report Findings

• Asia Pacific holds the largest titanium dioxide market share with a value of USD 12.02 billion in 2024. This growth is primarily driven by rising demand for Titanium Dioxide (TiO2) across multiple sectors such as construction, automotive, plastics and paper. Economic growth in China, India, and Japan is propelling significant demand from the construction sector, driven by lifestyle enhancements, and government infrastructure projects.
• North America is projected to grow significantly during the forecast timeframe due to rising demand for economic and sustainable lightweight automobiles with the consumers across diverse economic levels. Rising consumer demand for eco-friendly products, particularly those that are lightweight, durable, and fuel-efficient is fueling new market opportunities.
• Germany is a major player in automotive industry, strengthened by strong economic growth and technological advancements, which provide economic and environmentally friendly solutions for lightweight vehicles.

Table of Segmentation