Press release
Titanium Dioxide Market Forecast to Reach USD 39.37 Billion by 2030
Titanium Dioxide Market
The global titanium dioxide market is on a robust growth trajectory, with projections indicating a rise from USD 21.83 billion in 2023 to USD 39.37 billion by 2030, reflecting a compound annual growth rate (CAGR) of 8.79% during this period.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
Titanium dioxide (TiOโ) is a vital component in various industries, including paints and coatings, plastics, paper, and cosmetics, owing to its exceptional light-scattering properties and brightness. The escalating demand for high-performance materials and the expansion of the construction sector are pivotal factors propelling market growth.
๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/126802/
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐ป๐๐๐๐๐๐๐ ๐ซ๐๐๐๐๐ ๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐ฝ๐๐๐๐๐๐
Vietnam's titanium dioxide market is experiencing growth, driven by the expanding construction and manufacturing sectors. The country's increasing urbanization and industrial activities are contributing to the rising demand for TiOโ in paints, coatings, and plastics.
๐ป๐๐๐๐๐๐๐ ๐ซ๐๐๐๐๐ ๐ ๐ด๐๐๐๐๐ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐ป๐๐๐๐๐๐๐
Thailand's market for titanium dioxide is witnessing opportunities due to the growth in its automotive and construction industries. The demand for high-quality paints and coatings, which utilize TiOโ for its opacity and brightness, is on the rise, supporting market expansion.
๐ป๐๐๐๐๐๐๐ ๐ซ๐๐๐๐๐ ๐ ๐ด๐๐๐๐๐ ๐ฎ๐๐๐๐๐ ๐๐ ๐ฑ๐๐๐๐
Japan's titanium dioxide market is projected to reach USD 997.32 million by 2033, growing at a CAGR of 7.04% from 2023 to 2033. The country's emphasis on advanced manufacturing and high-quality production processes contributes to this growth.
๐ป๐๐๐๐๐๐๐ ๐ซ๐๐๐๐๐ ๐ ๐ด๐๐๐๐๐ ๐ฌ๐๐๐๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐ ๐ฒ๐๐๐๐
South Korea's titanium dioxide market reached approximately USD 455.58 million in 2024 and is projected to grow at a CAGR of 5.70% between 2025 and 2034, reaching around USD 753.86 million by 2034. The construction sector's growth and rising automobile sales are key factors driving this expansion.
๐ป๐๐๐๐๐๐๐ ๐ซ๐๐๐๐๐ ๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐บ๐๐๐๐๐๐๐๐
Singapore's titanium dioxide market is influenced by its robust industrial base and strategic position as a trade hub. The demand for TiOโ in high-end applications, including electronics and specialty coatings, is contributing to market growth.
๐ป๐๐๐๐๐๐๐ ๐ซ๐๐๐๐๐ ๐ ๐ด๐๐๐๐๐ ๐ซ๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐ผ๐๐๐๐๐ ๐บ๐๐๐๐๐
The U.S. titanium dioxide market is experiencing significant activity, with major players like ๐๐ก๐ ๐๐ก๐๐ฆ๐จ๐ฎ๐ซ๐ฌ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ leading initiatives in recycling and sustainability. In May 2022, Chemours announced its participation in a three-year recycling research project aimed at developing effective processes for recovering TiOโ and polymers from plastic waste.
๐ป๐๐๐๐๐๐๐ ๐ซ๐๐๐๐๐ ๐ ๐ด๐๐๐๐๐ ๐ซ๐๐๐๐๐๐๐ ๐๐ ๐ฌ๐๐๐๐๐
Europe's titanium dioxide market is characterized by stringent environmental regulations and a focus on sustainable production methods. The region's commitment to reducing carbon footprints is driving innovation and the adoption of eco-friendly TiOโ manufacturing processes.
๐๐ง๐ญ๐ซ๐ข๐ ๐ฎ๐๐ ๐ญ๐จ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ? ๐๐๐๐ฎ๐ซ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ก๐๐ง๐๐ฌ-๐จ๐ง ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/126802/
๐๐๐๐๐ง๐ญ ๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ
The titanium dioxide industry has witnessed notable mergers and acquisitions aimed at consolidating market positions and expanding product portfolios. For instance, ๐๐ซ๐จ๐ง๐จ๐ฑ ๐๐จ๐ฅ๐๐ข๐ง๐ ๐ฌ ๐ฉ๐ฅ๐ completed the acquisition of the TiZir Titanium and Iron (TTI) business in Norway, enhancing its production capabilities and global reach.
๐๐ข๐ญ๐๐ง๐ข๐ฎ๐ฆ ๐๐ข๐จ๐ฑ๐ข๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐ฒ ๐๐ซ๐๐๐
Rutile
Anatase
According to grade, Over the course of the projection period, the anatase grade segment is anticipated to rise at a maximum CAGR. Product growth in this market is being driven by the widespread usage of anatase grade in the production of paper and interior paints. Anatase titanium dioxide's broad specific surface and strong photocatalytic effect have encouraged its usage in a variety of devices, including lithium batteries, solar cells, gas sensors, air purifiers, and photocatalysts. It is also anticipated that these applications would contribute to the expansion of the segment's revenue. The anatase pigment is mostly utilised in the production of enamels, welding electrodes, fibres, ceramics, cosmetics, and medications. Nearly 80% of the weight of pure TiO2 is made up of anatase, with only 20% being rutile.
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Paints & Coatings
Plastics
Papers
Inks
Others
The Paints & Coatings segment had the biggest market share in 2023, according to the application. More than 80 percent of the titanium dioxide used worldwide is found in paints, varnishes, paper, and plastics. Other pigment uses, which make up 8% of the total, include food, rubber, textiles, printing inks, and cosmetics. Technically pure titanium, glass and glass ceramics, electrical ceramics, metal patinas, catalysts, electric conductors, and chemical intermediates are all made from the remainder. The paints and coatings business is anticipated to expand quickly throughout the projected period because to the construction and automotive end-use industries' strong growth. Paints and coatings use titanium dioxide to improve coverage, brightness, whiteness, opacity, and durability.
๐๐ฒ ๐๐ซ๐จ๐๐๐ฌ๐ฌ
Chloride
Sulfate
๐๐๐๐ค๐ข๐ง๐ ๐ ๐ญ๐ก๐จ๐ซ๐จ๐ฎ๐ ๐ก ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ ? ๐๐ข๐ฏ๐ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/126802/
๐๐ข๐ญ๐๐ง๐ข๐ฎ๐ฆ ๐๐ข๐จ๐ฑ๐ข๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
1. Du Pont
2. Tronox Ltd.
3. The Chemours Company
4. NL Industries, Inc.
5. Huntsman Corp.
6. Evonik Industries
7. Argex Titanium Inc.
8. Grupa Azoty
9. INEOS
10. Kemipex
11. KRONOS Worldwide Inc.
12. Lomon Billions
13. Precheza
14. TAYCA
15. The Kish Company Inc.
16. Venator Materials PLC
17. CINKARNA Celje d.d.
18. ILUKA RESOURCES
19. ISHIHARA SANGYO KAISHA, LTD.
20. LB Group
21. CNNC HUAN YUAN Titanium Dioxide Co., Ltd.
22. The Kerala Minerals & Metals Limited
23. CATHAY INDUSTRIES
24. TOR Minerals International, Inc.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ซ๐จ๐ฆ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐ญ๐ก๐๐ญ ๐๐ซ๐ ๐ฆ๐๐ค๐ข๐ง๐ ๐ฐ๐๐ฏ๐๐ฌ:
Gate Driver IC Market https://www.maximizemarketresearch.com/market-report/gate-driver-ic-market/126324/
Latin America Ventilator Market https://www.maximizemarketresearch.com/market-report/ventilator-market-latin-america/1970/
Malaysia Electric Vehicle Market https://www.maximizemarketresearch.com/market-report/malaysia-electric-vehicle-market/65822/
Cured-In-Place Pipe Consumption Market https://www.maximizemarketresearch.com/market-report/cured-in-place-pipe-consumption-market/194745/
Pedestrian Bridge Market https://www.maximizemarketresearch.com/market-report/pedestrian-bridge-market/194746/
Global High-efficiency Particulate Air (HEPA) Filters Market https://www.maximizemarketresearch.com/market-report/global-high-efficiency-particulate-air-hepa-filters-market/107411/
Global Image Processing Systems Market https://www.maximizemarketresearch.com/market-report/global-image-processing-systems-market/46445/
Global Dissolved Gas Analyzer (DGA) Market https://www.maximizemarketresearch.com/market-report/global-dissolved-gas-analyzer-dga-market/35283/
Dementia Care Products Market https://www.maximizemarketresearch.com/market-report/global-dementia-care-products-market/24987/
DevOps Certification Service Market https://www.maximizemarketresearch.com/market-report/global-devops-certification-service-market/79809/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
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