[Online Quarterly Update] Global Titanium Dioxide demand is projected to grow at a healthy CAGR of 7.35% during the forecast period until 2030. Titanium dioxide is an inorganic compound with a white powder like form. It is the naturally occurring oxide of titanium, which is available in three forms anatase, rutile, and brookite. It has high refractive index due to which it finds application in most of the areas where white colour or gloss is required. Major application areas of titanium dioxide include paints, coatings, plastics, pigment, pulp and paper, cosmetics, photoelectrode etc. Out of the following application areas, paints and coatings dominate the global market for titanium dioxide. Major end use industries for titanium dioxide include building and construction, automotive, personal care, pharmaceutical, food and beverages, and others. Growing demand of automotive and construction sector coupled with increasing need of pigments in various industries including personal care, pharmaceutical etc. is expected to drive the demand of titanium dioxide during the forecast period. Moreover, stringent environmental regulations due to harmful nature of titanium dioxide and fluctuations in raw material prices are likely to hinder the demand growth during the forecast period. Additionally, various mergers and acquisitions like the Tronox and Cristal merger are expected to provide growth opportunities during the forecast period.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries. Construction and automotive were among the most affected industries during the pandemic. This had an impact on the demand of titanium dioxide for the first half of 2020. Therefore, the demand for titanium dioxide fell during the coronavirus pandemic from the construction and automotive segments.
Region wise, Asia pacific region holds the major share of global demand for titanium dioxide due to increasing demand of application areas including construction and automotive. Moreover, increasing population and per capita income is another factor propelling demand growth in Asia Pacific.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
•To assess the demand-supply scenario of titanium dioxide which covers production, demand and supply of titanium dioxide market globally.
•To analyse and forecast the market size of titanium dioxide .
•To classify and forecast global titanium dioxide market based on technology, end-use and regional distribution.
•To identify drivers and challenges for global titanium dioxide market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global titanium dioxide market.
•To identify and analyse the profile of leading players involved in the manufacturing of titanium dioxide.
Major players for titanium dioxide globally include DuPont, Tronox Limited, The Chemours Company Chemours, NL Industries, Inc, Shandong Doguide Group Co., Ltd, Argex Titanium Inc., Huntsman International LLC., Evonik Industries, Tayca Corporation, and Others.
To extract data for global titanium dioxide market, primary research surveys were conducted with titanium dioxide manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global titanium dioxide market over the coming years.
ChemAnalyst calculated titanium dioxide demand globally by analyzing the historical data and demand forecast which was carried out considering imported titanium dioxide, prices, materials used for production of titanium dioxide . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• titanium dioxide manufacturers and other stakeholders
•Organizations, forums and alliances related to titanium dioxide distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as titanium dioxide manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, global titanium dioxide market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Application
Paints, Coatings, Plastics, Pigment, Pulp and Paper, Cosmetics, Photoelectrode
Market, by End Use
Building and Construction, Automotive, Personal Care, Pharmaceutical, Food and Beverages
Market, by Sales Channel
Direct Company Sale, Direct Import, Distributors & Traders, Retailers
Market, by Region
North America, APAC, Europe, MEA, South America
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