According to the new market research report “Titanium Dioxide Market by Grade (Rutile, Anatase), Process (Sulfate, Chloride), Application (Paints & Coating, Plastics, Paper, Inks), & Region(North America, Europe, Asia Pacific, MEA, South America) – Trends and Forecasts up to 2026″, size is estimated to be USD 20.9 billion in 2021 and is projected to reach USD 27.9 billion by 2026, at a CAGR of 5.9% between 2021 and 2026.
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The growth in paints & coating is attributed to the growing construction industry, including both residential and non-residential infrastructure, across the world. Titanium dioxide mainly finds applications in architectural paints & coatings. Architectural paints must have UV and water resistance, whereas some specialized coatings need to be chemical and corrosion-resistant. Titanium dioxide provides an excellent durable coating that can resist UV rays from the sun and maintain a newly painted look for a significant time. Titanium dioxide is used in paints and coatings meant for exterior surfaces for better color fading, chalking, and cracking resistance. Further, it has a photocatalyst ability that enables self-cleaning and provides protection against bacteria, algae, fungi, and pollution. The use of titanium dioxide in paints and coatings ensures ease of application, a long-lasting fresh look, fewer coatings, easy cleaning surface.
The sulfate process is a batch process that utilizes sulfuric acid to extract titanium dioxide from Ilmenite or titanium slag. The sulfate process for the manufacturing of titanium dioxide is majorly utilized in the APAC region, particularly in China. It is less environmentally friendly; therefore, it is performed under several government regulations. The sulfate process is more economical as it uses low-grade and cheaper ores, such as Ilmenite, and simpler technology to manufacture titanium dioxide. The production cost of sulfate is high, and a large amount of waste material is generated during the process technology, which further includes pollution control cost. The sulfate process manufactures both anatase-grade and rutile-grade titanium dioxide
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The global Titanium Dioxide market size is estimated to be USD 20.9 billion in 2021 and is projected to reach USD 27.9 billion by 2026, at a CAGR of 5.9% between 2021 and 2026. The Titanium Dioxide market is expected to witness a steady growth forecast period due to growth in the paints & coating application in automotive and construction industry. Moreover, Nanoparticles of titanium dioxide offers opportunity in the cosmetics and construction industry. The ultrafine titanium dioxide is used in various applications in the cosmetics industry, such as creams, loose and pressed powders, eyeshadows, blush, and sunscreens. The ultrafine nanoparticles of titanium dioxide provide flawless effect, better protection against harmful sun rays, and brightness. Construction materials are combined with titanium dioxide photocatalyst to improve self-cleaning, antibacterial action, air purification, and pollution resistance.
Titanium Dioxide (TiO2, titanium (IV) oxide or Titania) is the oxide of the metal titanium, occurs naturally in several kinds of rocks and mineral sands. Titanium is the ninth most common element in the earth’s crust. It is a white solid inorganic substance that is thermally stable, chemically inert, non-flammable, has excellent ultraviolet (UV) resistant qualities, and acts as a UV absorbent. It has the highest refractive index and is one of the whitest materials on earth. When ground into a fine powder, it transforms into a white pigment that provides whiteness and opacity to products. It is mainly sourced from mineral anatase, brookite, ilmenite, leucoxene, perovskite, rutile, and sphene. Titanium dioxide pigments are utilized in paints & coatings, plastics, paper, inks and other applications.
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The Chemours Company is a manufacturer of performance chemicals. It was founded by spinoff with DuPont in 2015. The business is divided into four segments: Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions. It offers products for various end-use industries, including automotive, energy, consumer electronics, architectural coatings, mining, and others. The company has 30 production facilities in 9 countries and has business operations in over 120 countries across the world. The company manufactures titanium dioxide pigment under Titanium Technologies. It utilizes a chloride process for manufacturing titanium dioxide at its four production facilities in the US (2), Mexico (1), and Taiwan (1). The company offers titanium dioxide products under the brand name, Ti-Pure, for laminates, plastic portfolio, and coating applications.
Tronox is involved in mining and inorganic business. The company is vertically integrated to manufacture titanium dioxide pigment. The feedstock material is produced from titanium-bearing mineral sand mines in Australia, Brazil, and South Africa. There are nine production plants of titanium dioxide present in the US (1), China (1), Australia (2), the Netherlands (1), Brazil (1), Saudi Arabia (1), France (1), and the UK (1). It utilizes chloride and sulfate process technology to manufacture titanium dioxide, which is utilized in paint & coating, plastics, and paper applications. The company has business operations in Africa, the Americas, Asia Pacific, Europe, and the Middle East.
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Mr. Aashish Mehra MarketsandMarkets INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 Email: [email protected] Research Insights: https://www.marketsandmarkets.com/ResearchInsight/titanium-dioxide-market.asp