Titanium Dioxide Market | Key players operating in the market include Tayca Corp, Huntsman Corp, Cabot Corp, The Chemours Company, Tronox Limited

According to recent market research "Titanium Dioxide Market by Grade (Rutile, Anatase), Application (Paints & Coatings, Pulp & Paper, Plastics, Cosmetics, Ink), and Region - Global Forecast to 2021", is projected to grow from USD 10.64 Billion in 2016 to USD 14.12 Billion by 2021, at a CAGR of 5.8% between 2016 and 2021. The increasing per capita consumption of pigments in emerging economies and rising demand for titanium dioxide from varied end-use industries have led to the growth of the titanium dioxide market, globally.

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Based on grade type, the global titanium dioxide market has been segmented into rutile and anatase. The anatase grade type segment is projected to grow at the highest CAGR from 2016 to 2021. Anatase grade titanium dioxide is preferred in the manufacturing of paper, as it is less abrasive to the papermaking machinery. The market for anatase segment is also expected to witness high growth owing to the increasing demand for the anatase grade of titanium dioxide in the paints & coatings application from the construction industry.

The paints & coatings application of the global titanium dioxide market is projected to grow at the highest CAGR during the forecast period. Rapid growth in the automobiles and construction industries are expected to fuel the demand for paints & coatings application. Moreover, titanium dioxide, when used in paints and coatings, ensures longevity of paints and continued protection of the substrate. Titanium dioxide is used in various paints & coatings applications to provide aesthetic appeal, opacity, and durability.

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Titanium dioxide (TiO2) is an oxide of titanium which occurs naturally. It is an odorless compound with major industrial end-use applications such as paints & coatings, plastics, paper & pulp, ink, cosmetics, and others. The global titanium dioxide market size is estimated to reach USD 14.12 Billion by 2021, registering a CAGR of 5.8% between 2016 and 2021. Increasing demand for automobiles and housing due to the increasing disposable income along with changing consumer preferences in emerging economies such as China and India are expected to fuel the growth of the paints & coatings industry, which, in turn, is expected to fuel the demand for titanium dioxide.

New product launches, contracts & agreements, mergers & acquisitions, and expansions are the key strategies adopted by the leading players to strengthen their position in the global titanium dioxide market. The key companies profiled in this report include Tayca Corporation (Japan), Huntsman Corporation (U.S.), Cabot Corp (U.S.), The Chemours Company (U.S.), Tronox Limited (U.S.), Kronos Worldwide Inc. (U.S.), Cristal (Kuwait), Evonik Industries AG (Germany), Lomon Billions (China), and Ishihara Sangyo Kaishal Ltd. (Japan). The growing demand for titanium dioxide has encouraged companies such as Huntsman Corporation and Tronox Ltd to adopt several business strategies to retain their competitiveness in the global market.

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Huntsman Corporation is one of the leading manufacturers of titanium dioxide, globally. The company has been focusing on new product launches and expansions to strengthen its position in the global titanium dioxide market. For instance, in July 2016, the company launched its new titanium dioxide pigments brand Tioxide TR48. The pigment offers better opacity and excellent color qualities to meet the needs of various industries, such as plastics, printing, and packaging. Moreover, the company has expanded its pigment production capacities in India. This expansion is an important milestone in the company’s growth and commitment to the Indian market.

Tronox Limited is another key player in the global titanium dioxide market. The company has been focusing on acquisitions as a part of its strategic development activities. In June 2012, the company acquired Exxaro’s (South Africa) mineral sand business. Exxaro Mineral Sand provides its titanium feedstock to Tronox to produce titanium-based products. This strengthened the company’s presence and gave it a strategic advantage.

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