The global Titanium Dioxide market has reached approximately 5000 thousand tonnes in 2021 and is expected to grow at a CAGR of 4.92% during the forecast period until 2035. A new project between Nyanza Light Metals and Avertana for the construction of a Titanium Dioxide plant at the Richards Bay industrial development zone is anticipated to be fully operational by 2024. The plant is named The Nyanza Light Metals project. This project will have an anticipated production capacity of 50 tonnes of titanium dioxide per year.
Titanium Dioxide is a white powder with the chemical formula TiO₂. It is water-insoluble and commonly used as a white pigment. Ilmenite ore is the main natural source of titanium dioxide which contains 45–60% Titanium Dioxide. Pure Titanium Dioxide can be synthesized from this ore using the sulfate or chloride processes. Other ores from which Titanium Dioxide can be extracted are anatase and rutile ores.
The Chloride process involves treating the ore with chlorine and carbon in the chloride process, resulting in titanium tetrachloride, a volatile liquid that is further refined through distillation. Titanium tetrachloride is allowed to react with oxygen and yield Titanium Dioxide as the final product. The other process, i.e., the sulfate process, involves exposing ilmenite to sulphuric acid and produce iron(II) sulfate pentahydrate and titanium oxygen sulfate (TiOSO4). The iron component is removed, and the titanium oxygen sulfate is further refined to produce Titanium Dioxide.
Titanium Dioxide is the most commonly used white pigment in the world. It is utilized in items including paints, coatings, sheets, inks, toothpaste, face powder, sunscreen, and food coloring because of its high refractive index. In the food industry, Titanium Dioxide is employed as a pigment as well and is found in chocolates to enhance their texture. Titanium Dioxide is readily used in cosmetics as well and displays UV absorption properties.
Growing demand for paints and coating is anticipated to be the primary driver for the expansion of the Titanium Dioxide market. Due to its light-scattering properties, it provides a vivid color to the paint. Furthermore, Titanium dioxide enhances the opacity of the paints and makes them quite glossy. Furthermore, paints with titanium dioxide as an ingredient are highly suitable for outdoor applications. The paints and coatings industry consumed approximately 40% of the global Titanium Dioxide in 2021 and is anticipated to rise further in the forecast period. The rising demand for titanium dioxide is expected to be influenced by rising needs for paints and pigments across a range of industries, including personal care, pharmaceuticals, and construction. The Titanium Dioxide market value stood around USD 15 billion in 2021 and is anticipated to reach around USD 50 billion by 2035.
Based on demand by region, Asia Pacific dominates the global Titanium Dioxide market and consumed approximately 30% of the total production in 2021. Due to urbanization, the demand for electric vehicles and automobiles is expected to fuel the demand for Titanium Dioxide in Asia Pacific region in the forecast period. In automotive coatings, titanium dioxide functions as a dispersant and offers gloss persistence on the surface of the vehicles. The USA is the largest producer of Titanium Dioxide on a global level and produced approximately 50% of the global Titanium Dioxide in 2021.
Based on the end-user industry, the Titanium Dioxide market is segmented into sectors such as Paints & Coatings, Plastic, Paper, and Others. The paints & Coatings industry is the major consumer of Titanium Dioxide. Major demands of Titanium Dioxide are also accounted by Plastic Industry and Paper Industry.
Significant companies producing the Global Titanium Dioxide are The Chemours Company, Tronox Holdings Plc, Lomon Billions Group, Venator Materials Plc, KRONOS, The Louisiana Pigment Company, LP (KRONOS-Huntsman/Tioxide JV), The Kerala Minerals & Metals Limited, Indian Rare Earths Limited (IREL), and Cochin Minerals & Rutile Ltd (CMRL).
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2035
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The objective of the Study:
•To assess the demand-supply scenario of Titanium Dioxide, which covers the production, demand, and supply of Titanium Dioxide around the globe.
•To analyze and forecast the market size of Titanium Dioxide.
•To classify and forecast the Global Titanium Dioxide market based on end-use and regional distribution.
•To examine global competitive developments such as new capacity expansions, mergers & acquisitions, etc., of the Titanium Dioxide market.
To extract data for the Global Titanium Dioxide market, primary research surveys were conducted with Titanium Dioxide manufacturers, suppliers, distributors, wholesalers, and Traders. 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 segments and projected a positive outlook for the Global Titanium Dioxide market over the coming years.
ChemAnalyst calculated Titanium Dioxide demand around the globe by analyzing the historical data and demand forecast, which was carried out considering the production of raw material to produce Titanium Dioxide. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the 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.
• Organizations, forums and alliances related to Titanium Dioxide distribution
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, 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:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.