Titanium Dioxide Market Is Expected To Reach USD 31.79 Billion By 2030

 San Francisco, 24 January 2025: The Report Titanium Dioxide Market Size, Share & Trends Analysis Report By Grade (Anatase, Rutile), By Carrier Production Process (Sulfate, Chloride), By End-use, By Application (Paints & coatings, Plastics, Inks), By Region, And Segment Forecasts, 2024 - 2030

The global titanium dioxide market size is anticipated to reach USD 31.79 billion by 2030, exhibiting a CAGR of 6.6% during the forecast period, according to a new report by Grand View Research, Inc. The growth is majorlyattributed to the rising use of titanium dioxide in industrial coatings for ensuring their durability, opacity, brightness, and tinting strength. It is also used in coatings applied to interiors & exteriors of residential and commercial establishments.

Titanium dioxide is used in coatings meant for aircraft, automobiles, appliances, and machines, as well as in traffic paints and other special-purpose coatings. The volume of titanium dioxide utilized in paints & coatings varies widely depending on the desired color, opacity, and quality of the final paints & coatings. In general, the higher the opacity requirements of paints & coatings, the greater the volume of titanium dioxide used in them.

Titanium dioxide is manufactured using two processes, namely, the sulfate process and chloride process. The key raw materials used in these processes are rutile ore and ilmenite ore or titanium slag. Apart from them, other chemicals that are used in the manufacturing of titanium dioxide are sulfuric acid, chlorine, carbon, etc.

Rutile is found in metamorphic, sedimentary, and igneous rocks. Rutile is widely used for the production of titanium metal and as pigments. Rutile is crushed into a white powder, which can be further used as a pigment in several applications such as paints, plastics, paper, foods, and others. Ilmenite and rutile are among the major raw materials used to produce titanium dioxide.

Increasing support from governments for the production of electric vehicles is anticipated to fuel the growth of the automotive industry. This, in turn, is anticipated to substantially boost the demand for titanium dioxide in paints & coatings and plastics applications. For instance, the U.S. federal government has subsidized electric cars with a USD 7,500 consumer tax break for the first 200,000 vehicles an automaker sells.

The market is characterized by the presence of various well-established players such as The Chemours Company, Tronox Holdings plc, LB Group, Venator, and Kronos Worldwide Inc., as well as various global and regional SMEs.

The major raw materials used in the production of Ilmenite ore and rutile ore. The availability and prices of these raw materials have a direct impact on the production and final cost of titanium dioxide in the global market. For example, according to ScrapMonster, the prices of Ilmenite ore (50%) concentration of TiO2 increased by USD 1255/ MT, as of 22 March 2023. While the price of Ilmenite ore (46%) concentration of TiO2 increased USD 961.16/ MT as of 22 March 2023. Such raw material price hikes impacted the prices of titanium dioxide.

Access Research Report of Titanium Dioxide Market @ https://www.grandviewresearch.com/industry-analysis/titanium-dioxide-industry

Titanium Dioxide Market Report Highlights

• Rutile grade dominated the market with a revenue share of 76.4% in 2023 owing to high weathering properties in comparison to anatase. At higher temperature conditions, anatase TiO2 converts to rutile TiO2, having higher weather ability and hiding power in comparison to its other counterparts.
• Sulfate Carrier Production Process dominated the market with a revenue share of 78.0% in 2023. Iodine powder is treated with concentrated sulfuric acid (H2SO4) to produce titanyl sulfate and is further hydrolyzed for the formation of metatitanic acid and is then calcined and pulverized to obtain whiter Titanium power.
• Paints & Coatings dominated the market with a revenue share of 44.2% in 2023 owing to its extensive application of white pigment TiO2 in the paint and coatings sector. When used in coatings, it is highly effective visible light scattering properties add whiteness, brightness, and opacity.
• Asia Pacific dominated the market segment with a revenue share of 42.6% in 2023 owing to construction activities and growing demand for products from automotive sector in emerging countries, such as India, Japan, and South Korea, which are expected to drive the market over the forecast period.

Titanium Dioxide Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 21.64 billion
Revenue forecast in 2030	USD 31.79 billion
Growth rate	CAGR of 6.6% from 2024 to 2030
Historical data	2018 - 2023
Forecast period	2024 - 2030

List of Key Players in the Titanium Dioxide Market

• The Chemours Company
• The Tronox Holdings plc
• LB Group
• Venator Materials PLC
• KRONOS Worldwide Inc.
• Evonik Industries AG
• Ishihara Sangyo Kaisha, Ltd.
• CNNC HUAN YUAN Titanium Dioxide Co., Ltd.
• The Kerala Minerals & Metals Limited
• CATHAY INDUSTRIES
• TOR Minerals International, Inc.

Access Press Release of Titanium Dioxide Market @ https://www.grandviewresearch.com/press-release/global-titanium-dioxide-market

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon