"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Titanium Dioxide Market Size, Share & COVID-19 Impact Analysis, By Process (Sulfate, and Chloride), By Application (Paints & coatings, Plastics, Paper, and Others), and Regional Forecast, 2020-2027

Region : Global | Format: PDF | Report ID: FBI102390

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global titanium dioxide market size was USD 16,640.4 million in 2019 and is projected to reach USD 24,092.5 million by 2027, exhibiting a CAGR of 6.0% during the forecast period.


Titanium dioxide (TiO2) is a white powdered chemical compound that provides bright white pigmentation. This mineral is used in various industrial and consumer products such as paints & coatings, plastics, paper, cosmetics, food colorants, textiles, and others. It is also used for pigmentation in paints and coatings in the construction and automotive industry, where they are applied as roofing material and floor coverings, designing and coating automotive products, and printing inks. The rising construction activities in developing regions due to population growth can be associated with the high demand for TiO2 for paints & coatings applications. Moreover, the rising usage of plastics and rubber in various consumer products is further supporting the growth. The recent spread of the coronavirus is also a leading factor for the high demand for medical equipment, such as respiratory devices, insulin pens, IV bags, gloves, and miniature implants, where the mineral is used for pigmentation of the above given plastic-based products, thus surging this market.


Disruption in Supply Chain amid the COVID-19 Outbreak to Hinder Growth


The coronavirus pandemic has significantly affected the construction industry, resulting in the temporary halt of construction activities, manufacturing activities, and trade activities. This mineral is used as a pigment for paints and so the slowdown of manufacturing activities for paints & coatings along with stopped construction activities is resulting in declining consumption and demand of titanium dioxide. The pandemic has further caused a decline in the economy due to reduced demand for various consumer-based products, where the material is used as raw material to provide pigment. This demand reduction is leading to decline in the supply chain activities. The global lockdown had a significant impact on the trading and distribution activities of several global manufacturers, which further caused increased pricing of raw material and finished goods. However, the market is expected to quickly stabilize, which can be attributed to the high demand for plastic applications in the medical industry for products such as PPE.


LATEST TRENDS


Request a Free sample to learn more about this report.


High Demand for Titanium dioxide in Various Applications to Lead Market


The growing utilization of TiO2 as pigments for application in paints & coatings, printing inks, textiles, rubbers, and others is positively affecting the market. In the printing inks segment, technological advancement has led to the usage of TiO2 for lamination, metal decorative inks, and screen printing, creating new growth opportunities. Moreover, the increasing demand for lightweight vehicles due to the rising fuel efficiency is estimated to boost the demand. This mineral is used for coating various plastic-based auto parts, such as a bumper, interior, and exterior.


This mineral provides properties, such as scratch resistance, chemical resistance, and durability, thus increasing the demand for its applications in other end-use industries, such as textiles, plastics, cosmetics, and rubber. It is used for fabric coloration and plastic & rubber coating. Besides, the COVID-19 pandemic has also increased the demand for TiO2 due to the rising need for medical equipment. 


DRIVING FACTORS


Increasing Demand for Lightweight Vehicles from the Automotive and Construction Industry to Aid Growth


The increasing demand for lightweight vehicles along with support from rising technological advancements and innovations in the automotive industry is the key market driver responsible for the growth of this market. Regulations over emission policies can be contributed to the increasing demand for fuel-efficient automobiles. This is expected to further enhance the demand. Rising construction activities due to the improving lifestyle of consumers and increasing renovation activities along with new infrastructure projects from governments act as a driving factor for the titanium dioxide market growth. Furthermore, growth in other sectors, such as appliances manufacturing, consumer goods, and electronics are also supporting the demand.


RESTRAINING FACTORS


The threat of Demand-supply Gap May Hinder Market Growth


There has been a rapid surge in the demand for titanium dioxide from various end-use sectors, which cannot be fulfilled due to the temporary shutdown of production units due to the COVID-19 pandemic, creating a demand and supply gap. This growing demand-supply gap acts as a restraining factor toward the market. Moreover, the threat of substitutes, such as antimony oxide, carbonates, and zinc oxide, is challenging the demand for TiO2 in the market. In addition, governmental regulations over reducing industrial waste for environmental protection are further restraining the market growth. 


SEGMENTATION


By Process Analysis


Sulfate Segment to Hold Major Share in the Market during the Forecast Period


On the basis of process, the market is segmented into sulfate and chloride. The sulfate segment dominated the market due to the process being simpler and cost-efficient in producing titanium oxide. The growing demand from the automotive and construction industry has led to high consumption of TiO2 for applications in paints & coatings. Technological advancement is further supporting the market growth due to the development of cost-effective manufacturing machines and the usage of low-grade raw materials with less effect on the environment.


The chloride segment is expected to experience significant growth during the forecast period due to the increasing demand for consumer goods. The demand for chloride processes has declined over the years due to high-grade raw material needs and costly manufacturing processes. The growing applications of TiO2 in various aforementioned industries have led to constant consumption of chloride for fulfilling the demand. The growing technological advancement and innovation to provide an effective solution for the process with less production cost are driving the overall market size. 


By Application Analysis


To know how our report can help streamline your business, Speak to Analyst


Paints & Coatings Segment to Hold Major Share in the Market during the Forecast Period


On the basis of application, the market is segmented into paints & coatings, plastics, paper, and others. The paints & coatings segment dominated the market due to the high demand for automobiles and growing construction activities. This mineral is used as pigments in paints & coating and provides corrosion resistance, high durability, and scratch resistance. These properties lead to high usage of the compound for applications in the automotive and construction industries, which is estimated to propel the market growth.


The paper segment is expected to showcase gradual growth during the forecast period due to the rapidly increasing use of TiO2 for a wide range of applications in printing inks, decor paper for magazines, decorative foils, and others. The increasing use of fillers by paper manufacturers is leading to the market growth of TiO2. Moreover, the rising demand for TiO2 for coating plastic-based products for consumer goods is one of the factors to drive the industry growth. 


REGIONAL INSIGHTS


Asia Pacific Titanium Dioxide Market Size, 2019 (USD Million)

To get more information on the regional analysis of this market, Request a Free sample


North America is estimated to have a significant Titanium Dioxide market share in the global market, which can be associated with the rapid technological advancement and highly disposable income of consumers in the region. The surging demand for lightweight and cost-efficient automobiles from consumers and the increase in the new construction and renovation activities are the leading factors driving the market growth. This, along with rising trade activities, such as exports from the region is driving the TiO2 market. Moreover, the rising demand from the healthcare industry during the global pandemic has also been a driving factor. 


Asia Pacific dominated the global TiO2 market and the value stood at USD 7,575.7 million in 2019, which can be attributed to the increasing demand for TiO2 from various end-use industries that include automobile, residential construction, plastic, and papers. The economic development within countries Including India, China, and Japan is causing a significant demand from the construction industry due to lifestyle improvement along with government infrastructure projects. China dominated the Asia Pacific region due to the rapid increase in the middle-class population along with growing disposable incomes.


To know how our report can help streamline your business, Speak to Analyst


The European region is expected to showcase substantial market growth during the forecast period. This growth can be attributed to the surging demand for cost-efficient and environment-friendly lightweight automobiles from various economic levels of consumers. Growing awareness regarding the protection of the environment acts as a driving force for the adoption of fuel-efficient features, lightweight, and durable products. This is expected to create market opportunities. Germany is one of the major countries involved in automotive manufacturing, which is supported by the high economic growth along with technological advancements in providing cost and fuel-efficient solutions for lightweight automobiles.


Latin America and the Middle East & Africa are expected to experience gradual growth during the forecast period. In Latin America, Brazil and Mexico are expected to show rapid growth in the economy due to increasing urbanization, which in turn is leading to high construction activities within the countries. In addition, the usage of advanced technologies for applications in the construction and consumer goods industries has led to high consumption of the mineral. Furthermore, the Middle East & Africa is a major hub for mining, thus raw materials are available easily and at cheaper prices for the manufacturers in the region, which reduces the total production cost. In addition, the growing economy within the region is also leading to an improved lifestyle of consumers, which in turn, is causing high demand for finished consumer goods such as cosmetics, fabrics, and electronic appliances.


KEY INDUSTRY PLAYERS


Joint Ventures and Capacity Expansion are the Key Strategic Initiatives Implemented by Companies


Key players operating in the industry are Tronox Holdings plc, The Chemours Company, Argex Titanium Inc., Evonik Industries, and INEOS, and others. Companies profiled are involved in capacity improvement, product innovation, acquisition, mergers, and collaboration, thus gaining a competitive edge in the overall global market. For example, DuPont had used capacity improvement as a strategy to gain a competitive advantage. The company constructed a new plant and upgraded the working plants of titanium dioxide production at the site in Mexico. The new plant construction and upgrade improvised production capacity of the company to 350 KT.


LIST OF KEY COMPANIES PROFILED:



  • Tronox Holdings plc (Connecticut, U.S.)

  • The Chemours Company (Delaware, U.S.)

  • Argex Titanium Inc. (Québec, Canada)

  • Evonik Industries (Essen, Germany)

  • The Kish Company, Inc. (Ohio, U.S.)

  • Ishihara Sangyo Kaisha Ltd. (Osaka, Japan)

  • Venator Materials PLC. (Texas, U.S.)

  • Tayca Corporation (Osaka, Japan)

  • Huntsman Corporation (Texas, U.S.)

  • NL Industries, Inc. (Texas, U.S.)

  • INEOS (Maryland, U.S.)

  • Other Key Players


KEY INDUSTRY DEVELOPMENTS:



  • November 2019: The Chemours Company introduced a new specialty, a low-abrasion grade of Ti-Pure titanium dioxide pigment that is specifically designed for improving the performance of the printing inks. This product was introduced at CHINACOAT 2019, global coatings industry event in China.


REPORT COVERAGE


An Infographic Representation of Titanium Dioxide (TiO2) Market

To get information on various segments, share your queries with us



The market research report provides a detailed analysis of the market and focuses on crucial aspects such as leading companies, sources, applications, and products. Also, the report offers insights into titanium dioxide market trends and highlights vital industry developments. In addition to the factors mentioned above, the report encompasses various factors that have contributed to the growth of the market over recent years.


Report Scope & Segmentation














































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



   2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Million); Volume (Kiloton)



Segmentation



  Process; Application; and Geography



By Process




  • Sulfate

  • Chloride



By Application




  • Paints & coatings

  • Plastics

  • Paper

  • Others



By Geography




  • North America



  • Process

  • Application

  • By Country





    • U.S. (By Application)

    • Canada (By Application)





  • Europe



  • Process

  • Application

  • By Country





    • Germany (By Application)

    • France (By Application)

    • UK (By Application)

    • Italy (By Application)

    • Spain (By Application)

    • Rest of Europe (By Application)





  • Asia Pacific



  • Process

  • Application

  • By Country





    • China (By Application)

    • India (By Application)

    • Japan (By Application)

    • South Korea (By Application)

    • Rest of Asia Pacific (By Application)





  • Latin America



  • Process

  • Application

  • By Country





    • Brazil (By Application)

    • Mexico (By Application)

    • Rest of Latin America (By Application)





  • The Middle East & Africa



  • Process

  • Application

  • By Country





    • Saudi Arabia (By Application)

    • South Africa (By Application)

    • Rest of Middle East & Africa (By Application)





Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 16,640.4 million in 2019 and is projected to reach USD 24,092.5 million by 2027.

In 2019, the market value stood at USD 16,640.4 million.

Increasing at a CAGR of 6.0%, the market will exhibit steady growth in the forecast period (2020-2027).

The paint & coatings is expected to be the leading segment in this market during the forecast period.

Increasing demand from the automotive and construction industry is a key factor driving the market growth.

Tronox Holdings plc, The Chemours Company, Argex Titanium Inc., Evonik Industries, and INEOS are a few of the leading players in the global market.

Asia Pacific dominated the global market in 2019.

The continuous growth in the automotive and construction industry along with technological innovation shall drive the product demand.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
Titanium Dioxide (TiO2) Market Size, Share and Global Industry Trend Forecast till 2026
  • Jan, 2021
  • 2019
  • 2016-2018
  • 100

    CHOOSE LICENSE TYPE

  • $4850
    $6850
    $8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

Iwatani
Petronas
Mobil
3M
uniliver

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X