The global titanium dioxide market size is expected to be worth around US$ 36.40 billion by 2030, according to a new report by Vision Research Reports.
The global titanium dioxide market size was valued at US$ 18.98 billion in 2020 and is anticipated to grow at a CAGR of 10.3% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 36.40 billion by 2030 |
| Growth Rate | CAGR of 10.3% From 2021 to 2030 |
| Base Year | 2021 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Du Pont; Tronox Ltd.; The Chemours Company; NL Industries, Inc.; Huntsman Corp.; Evonik Industries |
Growth Factors
The increasing application scope of the product as materials in the automotive industry and photovoltaic systems is slated to drive the growth of the market during the forecast period. The paints & coatings industry has been witnessing significant growth in recent years, mainly on account of the increasing consumption in key end-use verticals, including construction, automotive, aerospace, and energy & power. The growing product application scope as whitening pigments in paints & coatings is expected to have a positive impact on the titanium dioxide (TiO2) market growth.
The growing awareness among consumers of emerging economies, such as the BRICS nations, regarding personal hygiene and care has led to considerable growth of the cosmetics industry. The growing consumption of the product as a UV filter and whitening agent in cosmetic goods is expected to drive the overall market during the forecast period.
Key Players
Market Segmentation
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