The global titanium dioxide (TiO2) market size was USD 20.1 Billion in 2021 and is expected to register a revenue CAGR of 5.4% over the forecast period, according to the latest report by Reports and Data. Titanium dioxide helps maintain the paint finish by reflecting and dissipating UV light. As a result, many automakers are incorporating titanium dioxide-Tio2/Sio2 ceramic coatings into exterior surfaces, paintwork, trim, wheels (surface only, extra charge for barrels and calipers without wheels), and vehicle and vehicle glass.
Many automakers appreciate TiO2's protective ability to prevent paint degradation due to its UV absorbing properties. As a result, owners spend less time and money maintaining their car's paint job, keeping their car shining longer. Automotive paint finishes are brighter, more versatile and more durable than ever, thanks to the products of leading automotive and aerospace paints and coatings manufacturers based on his TiO2. The whitest and brightest pigment known to science, his TiO2 gives vehicles of all kinds - cars, trucks, buses, cruise ships, trains, planes - an unmistakable glow and resilience. The most demanding application of TiO2 pigments is automotive coatings. Additionally, a variety of Ti-PureTM grades are available for automotive coating applications, offering original equipment manufacturers (OEMs) and refinishers a choice of desired properties.
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Top Players in the Global Titanium Dioxide (TiO2) Market:
Tronox Holdings plc, The Chemours Company, Kronos Worldwide, Inc., Huntsman International LLC., Inc., Hangzhou Harmony Chemical Co., Ltd., Travancore Titanium Products Ltd., Evonik Industries AG, Lomon Billions Group, Ishihara Sangyo Kaisha Ltd., and The Kerala Minerals Metals Limited.
Some Key Highlights from the Report
- The pigment grade segment accounted for the largest share of sales in 2021. Due to its different properties, TiO2 is produced as pigment grade or nanomaterial grade, this form is insoluble, tasteless and odorless. His TiO2 particles of about 200-350 nm pigment grade account for 98% of the total production. Mainly used in applications where light scattering and surface opacity are a concern. B. A paint that can be used as a base for a variety of paints, or a standalone "bright" white paint. Titanium dioxide is used in skin care and makeup products as a pigment and thickening agent in creams. White pigments, such as titanium dioxide (TiO2), diffuse light and make color coatings opaque. White pigments also scatter or diffract light, causing this reflection.
- On November 16, 2021, Meghmani Organics (MOL) announced the launch of a profitable new line of white pigment titanium dioxide (TiO2). At Dahej, Gujarat's chemical hub, the company plans to build a 33,000-tonne manufacturing facility with a total investment of Rs 40 crore. The aforementioned project is expected to be completed by the first quarter of fiscal year 2024 and will contribute his Rs.700 crore to MOL's revenue for the entire financial year.
- On March 31, 2022, Comu announced a price increase for titanium dioxide. The company said some of its titanium ore raw materials come from Velta, Ukraine, which can produce about 280,000 tons of titanium ore annually due to rising energy costs and limited supply of titanium ore.
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Titanium Dioxide (TiO2) Market segmentation
Grade Outlook (Revenue, USD Billion; 2019-2030)
- Food Grade
- Pigment Grade
- Pharmaceutical Grade
- Anatase Grade
- Fiber Grade
Application Outlook (Revenue, USD Billion; 2019-2030)
- Food industry
- Personal Care/Cosmetics Industry
- Pharmaceutical Industry
- Paints Coatings Industry
- Others
Production Process Outlook (Revenue, USD Billion; 2019-2030)
- Sulfate Process
- Chloride Process
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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