Titanium Dioxide Market Analysis

Titanium Dioxide Market Analysis

The sulfate process will be growing at a CAGR of 7% from 2020 to 2026 owing to its relative ease of handling. The process utilizes sulfuric acid to produce titanium di-oxide from mineral sand. However, this process generates a large amount of waste

Rutil grade titanium dioxide market share is likely to grow at 8.2% CAGR over the forecast time period owing to its superior characteristics as compared to anatase titanium dioxide. This grade possesses higher hiding power and weatherability and can be used in the applications of advanced outdoor coatings, latex coatings, advanced paper coatings, etc. These grades can be manufactured using either chloride or sulfate process.p>

Ultrafine titanium dioxide will be growing at the highest rate over the forecast time period. The product contains lower content of TiO2 and particle size lesser than 100 nm. Growing usage of nanoparticles in various end-user industries will increase the penetration of ultrafine TiO2 by the end of the forecast time period.
 

Paints & coatings will account for more than 55% share of the overall market throughout the forecast time period. TiO2 possesses key characteristics of excellent opacity, color retention, high whiteness, durability, etc., which is why it is gaining importance in the paints & coatings sector. Growing automotive production and construction activities across the world will create the need for paints & coatings products.
 

The Asia Pacific will account for more than 40% share of the overall market in the upcoming years. The key reason behind this is growing plastic and paints and coatings production in China. China accounted for around 30% of global plastic production in 2016 and is likely to increase its share over coming years. Apart from these, the rising number of automobiles along with increasing construction activities in major counties will stimulate the titanium dioxide market revenue in this region.