The global titanium dioxide market was valued at USD 14.8 billion in 2022 and is projected to reach USD 20.4 billion by 2028, growing at a CAGR of 5.37% during the forecast period. Titanium dioxide is a naturally occurring mineral that is chemically composed of titanium and oxygen. It is commonly used as a white pigment in a variety of products, including paints, plastics, paper, and cosmetics. It is also used as a UV filter in sunscreens and as a food additive to provide a white color and enhance the texture of certain foods. While it is generally considered safe for use in products, there have been concerns raised about its potential health effects when inhaled as a fine dust, particularly in occupational settings.
Titanium dioxide is produced in two primary forms, namely pigment grade and ultrafine (nanomaterial) form. The pigment grade titanium dioxide is the dominant form, accounting for over 98 percent of the total production. This form is preferred for its excellent light-scattering properties, making it ideal for applications that require white opacity and brightness. The pigmentary form is widely used in the paints and coatings industry to provide color, opacity, and durability to the finished product. It is also used in the production of plastics, paper, and other materials that require high levels of whiteness and opacity. Titanium dioxide is also produced in the ultrafine (nanomaterial) form, which is selected when specific properties, such as transparency and maximum ultraviolet light absorption, are required. Although the ultrafine-grade titanium dioxide has a minor share of about 2.0% of consumption volume, it finds its application in various industries, including cosmetics, where it is used in the production of sunscreens and other skin care products. The ultrafine form of titanium dioxide is preferred due to its ultrafine particle size, which provides better coverage and protection against UV radiation. In addition to its application in cosmetics, nanomaterial-grade titanium dioxide also serves as a support material in catalyst applications. Additionally, as a nanomaterial, titanium dioxide can serve as a crucial DeNOx catalyst in exhaust gas systems for cars, trucks, and power plants, helping to minimize their environmental impact.
The paints and coatings industry is the largest consumer of titanium dioxide, accounting for an estimated 60% of the total global consumption. This industry heavily relies on titanium dioxide to produce white pigments that are used in paints and coatings applications. The construction sector is the largest consumer of these pigments, which are used to provide a bright and opaque finish to buildings and other structures. Additionally, titanium dioxide is used in the production of protective coatings for plastics, which are used in various applications, including household appliances, electronic devices, and automotive parts.
Apart from the paints and coatings industry, titanium dioxide is also used in the production of paper and paperboard. It is added to these products to impart brightness and opacity, which are essential qualities in printing paper, packaging materials, and tissue paper. The plastics industry also relies on titanium dioxide for its high opacity and whiteness, which are important properties in many plastic products, such as molded parts, films, and sheets. Collectively, the plastics and paper and paperboard industries account for one-third of the consumption volume of titanium dioxide.
The Asia-Pacific region, which includes countries such as China, India, Japan, and South Korea, is a major consumer of titanium dioxide. This region accounts for the largest share of the total consumption of this versatile material. The demand for titanium dioxide in the Asia-Pacific region is driven by various industries, including paints and coatings, plastics, paper, and textiles.
The rapid industrialization and urbanization in countries like China and India have led to an increase in construction activities and a burgeoning automotive industry, which in turn has boosted the demand for paints and coatings. This has resulted in a significant increase in the consumption of titanium dioxide in the region. Additionally, the Asia-Pacific region is home to some of the world’s largest producers of titanium dioxide, such as China, which is the largest producer and consumer of this material. This has led to a steady supply of titanium dioxide in the region, making it an attractive market for manufacturers.
Competitive Landscape
Some of the significant companies in the global titanium dioxide industry include The Chemours Company, Venator Materials PLC, Tronox Holdings plc, KRONOS Worldwide Inc., Lomon Billions Group Co., Ltd., Tayca Corporation, Ishihara Sangyo Kaisha Ltd., INEOS Group Limited and PRECHEZA a.s. Chemours Company is one of the largest producers of titanium dioxide globally, with a market share of around 20%. Venator Materials is another major player in the industry, with a focus on high-performance pigments and additives.
Table of Contents
Table of Contents
Figures and Tables
Part 1. Executive Summary
1.1 Market Snapshot
1.2.CXO’s Perspective
Part 2. Introduction
2.1 Introduction
2.2 Key Benefits for Stakeholders
2.3 Key Market Segments
2.4 Research Methodology
2.5 Target Audience
Part 3. Market Overview
3.1 Properties and Applications
3.2 Value Chain Analysis
3.3 Raw Materials (Ilmenite, Rutile, and Anatase)
3.3.1 Ilmenite
3.3.2 Rutile
3.3.3 Anatase
3.4 Manufacturing of Titanium Dioxide
3.4.1 Sulfate Process
3.4.2 Chloride Process
3.4.3 Argex Technology Process
3.5 Regulations
3.5.1 Environmental Regulations
3.5.2 International Agency for Research on Cancer (IARC)
3.5.3 Food industry
3.5.4 Cosmetic Industry
3.6 Porter’s Five Forces Analysis
3.6.1. Bargaining Power of the Supplier
3.6.2 Bargaining Power of the Buyer
3.6.3 Threat of Substitute
3.6.4 Competitive Rivalry
3.6.5 Threat of New Entrant
3.7 Market Dynamics
3.7.1 Drivers
3.7.2 Restraints
3.7.3 COVID-19 Impact on Titanium Dioxide Market
Part 4. Market Segmentation, by Product Grade
4.1 Pigment-grade Titanium Dioxide
4.2 Ultrafine-grade, or Nanoscale Titanium Dioxide
Part 5. Market Segmentation, by Application
5.1 Paints and Coatings
5.2 Plastics
5.3 Paper and Paperboard
5.4 Others
Part 6. Market Segmentation, by Region
6.1 North America
6.1.1 Market Estimates and Forecast
6.1.2 by Country
6.1.2.1 The United States
6.1.2.2 Canada
6.1.3 by Product
6.1.4 by Application
6.1.4.1 Paints and Coatings
6.1.4.2 Plastics
6.1.4.3 Paper and Paperboard
6.1.4.4 Others
6.2 Europe
6.2.1 Market Estimates and Forecast
6.2.2 by Country
6.2.3 by Product
6.2.4 by Application
6.2.4.1 Paints and Coatings
6.2.4.2 Plastics
6.2.4.3 Paper & Paperboard
6.2.4.4 Others
6.3 Asia Pacific
6.3.1 Market Estimates and Forecast
6.3.2 by Country
6.3.2.1 China
6.3.2.2 India
6.3.2.3 Japan
6.3.2.4 Others
6.3.3 by Product
6.3.4 by Application
6.3.4.1 Paints and Coatings
6.3.4.2 Plastics
6.3.4.3 Paper and Paperboard
6.3.4.4 Others
6.4 Rest of World (RoW)
6.4.1 Market Estimates and Forecast
6.4.2 by Country
6.4.2.1 The Middle East and Africa
6.4.2.2 Latin America
6.4.3 by Product
6.4.4 by Application
6.4.4.1 Paints and Coatings
6.4.4.2 Plastics
6.4.4.3 Paper and Paperboard
6.4.4.4 Others
Part 7. Company Profiles
7.1 Anhui Annada Titanium Industry Co., Ltd.
7.2 Argex Titanium Inc.
7.3 Beach Minerals Co. Pvt. Ltd. (BMC)
7.4 China National BlueStar (Group) Co., Ltd.
7.5 Cinkarna Celje d.d.
7.6 Cochin Minerals and Rutile Limited (CMRL)
7.7 DCW Ltd.
7.8 Evonik Industries AG
7.9 GPRO Titanium Industry Co., Ltd.
7.10 INEOS Group Limited
7.11 IREL (India) Limited
7.12 Ishihara Sangyo Kaisha Ltd.
7.13 KRONOS Worldwide, Inc.
7.14 Lomon Billions Group Co., Ltd.
7.15 Meghmani Organics Ltd. (Kilburn Chemicals Ltd.)
7.16 Neiman Group
7.17 Ningbo Xinfu Titanium Dioxide Co., Ltd.
7.18 Pangang Group Vanadium Titanium and Resources Co., Ltd.
7.19 Sakai Chemical Industry Co., Ltd.
7.20 Shandong Dawn Titanium Industry Co., Ltd.
7.21 Shandong Doguide Group Co., Ltd.
7.22 Shandong Jinhai Titanium Resources Technology Co., Ltd.
7.23 Tayca Corporation
7.24 The Chemours Company
7.25 The Kerala Minerals and Metals Limited (TKMML)
7.26 Tianjin Master Technology Co., Ltd.
7.27 Toho Titanium Co., Ltd.
7.28 Travancore Titanium Products Ltd.
7.29 Tronox Holdings plc
7.30 Ukrainian Chemical Products – Group DF
7.31 V.V. Mineral (VVM)
7.32 Venator Materials PLC
7.33 Yunnan Dahutong Titanium Industry Co., Ltd.
Part 8. Mergers and Acquisitions
DISCLAIMER
Companies Mentioned
Anhui Annada Titanium Industry Co., Ltd.
Argex Titanium Inc.
Beach Minerals Co. Pvt. Ltd. (BMC)
China National BlueStar (Group) Co., Ltd.
Cinkarna Celje d.d.
Cochin Minerals and Rutile Limited (CMRL)
DCW Ltd.
Evonik Industries AG
GPRO Titanium Industry Co., Ltd.
INEOS Group Limited
IREL (India) Limited
Ishihara Sangyo Kaisha Ltd.
KRONOS Worldwide, Inc.
Lomon Billions Group Co., Ltd.
Meghmani Organics Ltd. (Kilburn Chemicals Ltd.)
Neiman Group
Ningbo Xinfu Titanium Dioxide Co., Ltd.
Pangang Group Vanadium Titanium and Resources Co., Ltd.
Sakai Chemical Industry Co., Ltd.
Shandong Dawn Titanium Industry Co., Ltd.
Shandong Doguide Group Co., Ltd.
Shandong Jinhai Titanium Resources Technology Co., Ltd.
Tayca Corporation
The Chemours Company
The Kerala Minerals and Metals Limited (TKMML)
Tianjin Master Technology Co., Ltd.
Toho Titanium Co., Ltd.
Travancore Titanium Products Ltd.
Tronox Holdings plc
Ukrainian Chemical Products – Group DF
V.V. Mineral (VVM)
Venator Materials PLC
Yunnan Dahutong Titanium Industry Co., Ltd.