Titanium Dioxide (TiO2) Market to Grow by USD 7.72 Billion from 2024-2028, Driven by Increased Use as Pollutant Absorbent, Report on AI Redefining Market Landscape - Technavio

NEW YORK, Oct. 10, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The Global Titanium Dioxide (Tio2) Market size is estimated to grow by USD 7.72 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 5.98%  during the forecast period. Increasing use of Tio2 as absorbent of pollutants is driving market growth, with a trend towards growing popularity of three-dimensional (3D) printed Tio2. However, rise in price of Tio2  poses a challenge - Key market players include Anhui Annada Titanium Industry Co. Ltd., CATHAY INDUSTRIES, Cinkarna metalursko kemicna industrija Celje d. D., CNNC Huayuan Titanium Dioxide Co. Ltd., Evonik Industries AG, Group DF Ltd., Grupa Azoty SA, Hangzhou Harmony Chemical Co. Ltd., INEOS AG, Ishihara Sangyo Kaisha Ltd., LB Group Co. Ltd., Nanjing Titanium Dioxide Chemical Co. Ltd., NINGBO XINFU TITANIUM DIOXIDE CO. LTD., Panzhihua Haifengxin Chemical Industry Co. Ltd., PRECHEZA AS, Tayca Corp., The Chemours Co., The Kerala Minerals and Metals Ltd., Tronox Holdings Plc, and Venator Materials Plc.

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Market Driver

Titanium Dioxide (TiO2) is a versatile material with significant potential in the field of additive manufacturing, particularly in 3D printing. Recent advancements in this technology have made it possible to produce complex, strong, and durable components using TiO2. In the construction sector, 3D-printed TiO2 can be used to bring intricate designs to life, acting as facades for various infrastructure projects. Its photocatalytic properties enable it to absorb nitrogen oxides using sunlight, converting them into nitrate ions that can be washed away or absorbed into concrete. In healthcare, TiO2's biocompatibility, strength, and corrosion resistance make it an ideal material for 3D-printed implants, addressing issues of aseptic loosening and stress shielding. These applications are expected to drive demand for 3D-printed TiO2 in the coming years. 

Titanium Dioxide (TiO2), a common white pigment, dominates markets for paints, coatings, plastics, and cosmetics. Sources include Ilmenite and Rutile ore. In the construction sector, TiO2 is used in architectural paints for UV resistance, water resistance, and color stability. In cosmetics, it's found in toothpaste, face powder, sunscreen, and food coloring. Its high refractive index and UV absorption properties make it essential in the personal care industry and sunscreens. TiO2 is also used in the automotive industry for coatings on cars and electric vehicles. The sulfate production process is the most common method for manufacturing TiO2. Additionally, it's used in photovoltaic systems for clean energy sources and in plastics, pulp and paper, and various infrastructure projects. TiO2 provides lightweight vehicles with eco-friendly coatings, enhancing their appearance and durability. Specialized coatings offer chemical resistance, corrosion resistance, and protection against color fading, chalking, and cracking on exterior surfaces. 

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Market Challenges

• Titanium Dioxide (TiO2) is a crucial raw material in various industries, particularly in paints and coatings. However, its high price is a significant barrier to its extensive use. The primary reason for the price hike is China's increased export prices for TiO2 spot cargoes from 2019 to 2022. China is the world's leading TiO2 producer, and the closure of 73 TiO2 feedstock plants due to environmental non-compliance in 2017 reduced China's production capacity. This supply-demand imbalance has forced some major vendors to increase TiO2 prices. The paints and coatings industry, which heavily relies on TiO2, may experience a threefold increase in prices. Developing economies may curtail TiO2 usage due to its rising cost. Some manufacturers are exploring alternatives like natural fillers and extenders to mitigate the cost impact. In summary, the increasing TiO2 prices are anticipated to impede market growth during the forecast period.
• Titanium Dioxide (Tio2) is a vital ingredient in various industries, including residential and non-residential infrastructure, paints and coatings, and housing market. In infrastructure, Tio2 provides UV resistance and water resistance for specialized coatings, ensuring durability against external elements. In the housing sector, its use in architectural paints enhances color retention, chalking resistance, and cracking resistance. However, challenges exist. Regulations on household disposable paint and emission restrictions impact Tio2 demand. Manufacturing processes, such as sulfate and chloride, require raw materials like sulfuric acid, oxygen levels, and pH value management. Tio2's use in UV-blocking coatings raises concerns about nanoparticles and their potential health effects, prompting OECD to monitor their use. Tio2's photocatalytic ability offers air purification, protection against bacteria, algae, fungi, and pollution. In paints, ultrafine and nanoscale Tio2 provide UV scattering and UV absorbing properties, enhancing UVA and UVB protection. Despite these benefits, challenges persist, including waste management and the need for continuous process optimization.

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Segment Overview 

This titanium dioxide (tio2) market report extensively covers market segmentation by  

1. Application 
• 1.1 Paints
• 1.2 Plastics
• 1.3 Paper
• 1.4 Others
2. Type 
• 2.1 Sulfate process
• 2.2 Chloride process
3. Geography 
• 3.1 APAC
• 3.2 North America
• 3.3 Europe
• 3.4 South America
• 3.5 Middle East and Africa

1.1 Paints-  The paints segment holds the largest market share in the global Titanium Dioxide (TiO2) market, as TiO2 acts as a whitener and provides opacity, durability, and aesthetic appeal when used in paints. The construction industry's growth, driven by an increase in residential and non-residential projects, fuels the demand for paints and coatings, thereby boosting the TiO2 market. In addition, TiO2's use as an ultraviolet filter in paints and coatings increases their longevity and protection. The automobile industry's expansion also contributes significantly to the market's growth, as TiO2 is a popular choice for vehicle paints due to its brightness and resistance. Despite the COVID-19 pandemic's initial negative impact on the paints industry, with several manufacturers temporarily halting operations, the market is expected to recover due to government measures and the industry's gradual resumption of activities.

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Research Analysis

Titanium Dioxide (TiO2), a white pigment with exceptional properties, plays a significant role in various industries. Its applications span across residential and non-residential infrastructure, paints and coatings, and construction sector. In infrastructure, TiO2 enhances UV resistance and water resistance in specialized coatings for chemical and corrosion resistance. In the housing market, architectural paints use TiO2 for its light-reflecting properties and durability. The pigment is also crucial in the production of pigments for paints, coatings, sheets, inks, and even nanoparticles. The mining of Titanium Dioxide primarily comes from Ilmenite ore, with two major production processes: the Chloride process and the sulfate process. TiO2 is not only used in conventional applications like paints and coatings but also in emerging fields like clean energy sources, such as photovoltaic systems, and eco-friendly coatings for lightweight vehicles and electric vehicles.

Market Research Overview

Titanium Dioxide (TiO2), a naturally occurring white pigment, is extensively used in various industries due to its unique properties such as UV resistance, water resistance, and high refractive index. In the infrastructure sector, it is utilized in residential and non-residential construction for architectural paints, specialized coatings, and exterior surfaces to enhance color stability, chalking resistance, cracking resistance, and protection against environmental pollutants. In the housing market, TiO2 is used in decorative paints, interior decoration, and home renovation projects. It is also found in household products like toothpaste, face powder, sunscreen, and food coloring. In the chemical industry, TiO2 is produced through the sulfate process or chloride process using raw materials like ilmenite ore and rutile. TiO2's UV scattering and absorbing properties make it essential in the paint and coatings industry, where it provides UV protection against color fading, and in the personal care industry for sunscreens and cosmetics. TiO2 is also used in the automotive industry for coatings, plastics, and pulp and paper production. The OECD has set emission restrictions on TiO2 manufacturing plants, leading to the development of eco-friendly production methods such as the sulfate process and the production of ultrafine and nanoscale TiO2. TiO2 is also used in photovoltaic systems and clean energy sources, making it a versatile and essential component in various industries.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Application
• Paints
• Plastics
• Paper
• Others
• Type
• Sulfate Process
• Chloride Process
• Geography
• APAC
• North America
• Europe
• South America
• Middle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

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SOURCE Technavio