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Global Titanium Dioxide Market Projected to Reach USD 19.09 Billion by 2026

19-Jun-2020 | Facts and Factors

Findings from Facts and Factors report “Titanium Dioxide Market By Type (Anatase, and Rutile) and By Application (Cosmetics, Paints & Coatings, Ink, Pulp & Paper, Food Additives, Plastics, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global titanium dioxide market in 2019 was approximately USD 12.69 Billion. The market is expected to grow above a CAGR of 6.0% and is anticipated to reach over USD 19.09 Billion by 2026.

Titanium dioxide is known to be inert and free. This is used as a UV filter or whitening agent in a range of personal care products, including pressed powders, sunscreen lotions and powder, and loose powders. Titanium dioxide is also UV-stabilized and commonly used in light-sunscreens and pigments. This is used in a wide range of personal care products, and cosmetics.

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Growing demand for personal care and beauty industry is a prime factor that the titanium dioxide market globally. Due to growing applications of titanium dioxide in cosmetic products across the globe, the titanium dioxide market is expected to experience rapid growth over the forecast timespan. Titanium dioxide is used in numerous products in the beauty industry, such as lotions, creams, shampoos, soaps, etc. In addition, titanium dioxide is often used in sunscreen based products. In addition, the growing printing industry are also expected to fuel demand growth for titanium dioxide in the coming years. Strict environmental restrictions on titanium dioxide and price instability of raw materials are likely to hamper the demand for titanium dioxide. Nonetheless, the emerging market is expected to accelerate the new avenues in the market.

Grade-wise, the market is bifurcated into anatase and rutile. The rutile grade of titanium dioxide has a most attractive demand globally. This segment held more than half of the share of the total market in 2019. Furthermore, it is also expected to witness the largest growth during the coming years.

Based on the application, the global titanium dioxide market is classified into cosmetics, paints & coatings, ink, pulp & paper, food additives, plastics, and others. Owing to the growing use of titanium dioxide in automotive paints, paints and coatings dominated the market in 2019. The demand is attributed to the clarity and resilience properties offered by titanium dioxide. Moreover, the pulp and paper segment is predicted to witness substantial growth over the forecast period. Titanium dioxide also has high demand as a filler material in the paper mill industry. The substance used in magazine papers makes it more appealing by gloss. Thus, it is expected to drive the growth of the segment over the forecast period.

Region-wise, Asia Pacific headed the titanium dioxide market in 2019. It held a significant market share in 2019. Furthermore, Asia Pacific is also predicted to have the highest CAGR during the forthcoming years. Growing paints and coatings industry coupled with the growth in the electric vehicle industry is expected to boom the market of titanium dioxide in the region over the upcoming years. The Asia Pacific was followed by North America and Europe in 2019. Moreover, Latin America and Middle East & Africa are also predicted to grow at a moderate pace during the years to come.

Top key players operating in the market are Jianghu Titanium White, Tronox, Dow Chemical Company, Huntsman International, Titanos Group, Kronos Worldwide, Argex Titanium, Evonik, Henan Billions Chemicals, The Chemours Company, Tayca Corporation, Cristal, and Others.

This report segments the titanium dioxide market as follows:

Global Titanium Dioxide Market: By Type Segmentation Analysis

  • Anatase
  • Rutile

Global Titanium Dioxide Market: By Application Segmentation Analysis

  • Cosmetics
  • Paints & Coatings
  • Ink
  • Pulp & Paper
  • Food Additives
  • Plastics
  • Others

Global Titanium Dioxide Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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