Titanium Dioxide Market: A Study of the Key Players and Their Strategies Worth USD 39.92 Billion in 2032

The global titanium dioxide market size is expected to reach USD 39.92 Billion in 2032, and register a revenue CAGR of 5.9% during the forecast period, according to the latest analysis by Emergen Research. Rising demand for lightweight vehicles can be attributed to the steady market revenue growth. Motorcycles and cars have used titanium and its alloys to lighten the weight of the parts that make them up. Titanium exhaust systems, engine valves, and connecting rods have all seen significant use recently, mostly in sports or big motorcycles. For engine valves and connecting rods, in addition to Ti-6Al-4V, Fe is employed as an affordable and typical alloying element in Ti-Al-Fe alloys. Gr.2 commercially pure titanium sheets have initially been primarily employed in exhaust systems, such as mufflers, due to their high degree of cold formability. In addition, numerous titanium alloys with Cu, Al, Si, and Nb additions have been actively developed to enhance strength, creep qualities, oxidation resistance, and other characteristics at high temperatures, as service.

Government environmental regulations that are strict on titanium dioxide production are expected to restrain the market revenue growth. Governments across the globe have imposed a variety of limitations during the production of titanium dioxide to restrict emissions and guarantee the correct disposal of this waste. Either the sulfate method, which employs sulfuric acid, or the chloride method, which employs chlorine, is used to create titanium dioxide. Since China is the largest producer of titanium dioxide worldwide, there is a greater chance that waste will leak during the sulfate process. The bulk of manufacturing facilities produces titanium dioxide via the sulfate process, which releases a sizable amount of sulfuric acid into the ocean.

Another driver of the titanium dioxide market is the increasing use of the pigment in the food and pharmaceutical industries. Titanium dioxide is used as a whitening agent in a range of food and pharmaceutical products, including toothpaste, sunscreen, and candies. The use of titanium dioxide in these products is driven by consumer demand for brighter, more visually appealing products. However, the use of titanium dioxide in food and pharmaceuticals has become increasingly controversial, with concerns over the safety of the pigment.

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Additional information offered by the report:

• Along with a complete overview of the global Titanium Dioxide market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
• The report elaborates on the global Titanium Dioxide market size and share governed by the major geographies.
• It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
• It further presents a detailed description of the company profiles of the key market contenders.

In conclusion, the Titanium Dioxide Market report is an exhaustive database that will help readers formulate lucrative strategies. The Titanium Dioxide Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

The major companies Covered in the report are:

The Chemours Company, Tronox Holdings plc, LB Group, Venator Materials PLC., Kronos Worldwide, Inc., Ineos Group Ltd., Cinkarna Celje DD, Evonik Industries AG, TAYCA Co., Ltd., Iluka Resources

Some Key Highlights From the Report

• On 14 September 2021, a shareholder agreement was signed by Minerals Development Oman (MDO) to build a titanium dioxide-producing facility in the Sohar Free Zone. The industrial facility will cover more than 120,000 square meters, cost OMR43 million, and have a capacity of 150,000 tons annually. More than 300 jobs will be available owing to the initiative. According to the deal, MDO will possess 35% of the project's shares, with the rest shares being owned by strategic partners, most notably Stork International, a major producer of titanium dioxide-related goods that are mostly used in the pigment business.
• The rutile segment is expected to account for a significantly large revenue share in the global market over the forecast period owing to its various benefits. Rutile titanium dioxide has replaced every other white pigment on the market and is widely used in the paint and coatings sector. In addition, toys, electronics, cars, furniture, packaging, and other plastic goods are colored using rutile titanium dioxide. By absorbing some Ultraviolet (UV) radiation, the titanium dioxide pigment protects the material. Since rutile titanium dioxide is non-toxic, has strong photocatalytic activity, and is highly transparent, it is used in coatings and products for indoor air purification. Rutile titanium dioxide can either kill bacteria or stop them from reproducing by using photocatalysis, which gives it antibacterial qualities.
• The paints & coatings segment is expected to account for a significantly large revenue share in the global market over the forecast period. The white powder makes up the titanium dioxide pigment. In paintings, it provides the maximum opacity and whiteness. As a result, paint is given a high concealing power, or the ability to hide or mask the underlying substrate. No other white pigment fulfills this role as effectively as it does. Titanium dioxide pigment is the most important component now used by the paint industry for opacity and whiteness. These unique properties are a result of the refractive index of titanium dioxide. According to the refractive index, light can be twisted and scattered with ease. Titanium dioxide has the greatest refractive index of any material known to man, surpassing even diamond. The fine, uniform particle size of titanium dioxide must be obtained through mining, processing, and grinding.
• Market in Asia Pacific is expected to account for largest revenue share during the forecast period, which is attributed to increasing activities by key market players in countries in the region. For instance, Iluka Resources has resumed production at the Synthetic Rutile kiln 2 (SR2), a part of the Capel rutile factory in Western Australia, after lifting a suspension on activities at the facility. Iluka said that it can stop operating SR2 in February 2021 for a three to six-month hiatus. Stockpiles of synthetic rutile were larger than expected as a result of a contract dispute with the American chemical company Chemours last year, which led to this situation. According to Iluka, the company's ability to begin production on 1 April 2021 was made possible by the return of sales to Chemours and lower inventory. Iluka also mentioned that planned upgrades happened during the delay. For the full year, the company expects to manufacture 190,000 tonnes of synthetic rutile.

The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.

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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Titanium Dioxide market expected to boost the growth of the industry in the coming years.

Titanium Dioxide Market Segmentation:

Grade Outlook (Revenue, USD Billion; 2019–2032)

• Rutile
• Anatase

Process Outlook (Revenue, USD Billion; 2019–2032)

• Chloride
• Sulfate

Application Outlook (Revenue, USD Billion; 2019–2032)

• Paints & Coatings
• Plastics
• Paper
• Inks
• Others

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Key Questions Answered in the Report:

What is the growth rate of the Titanium Dioxide market? What is the anticipated market valuation of Titanium Dioxide industry by?

What are the key growth driving and restraining factors of the Titanium Dioxide market?

Who are the prominent players operating in the market? What are the key strategies adopted by these companies?

What are the key opportunities and growth prospects of the Titanium Dioxide industry over the forecast period?

Which region is expected to show significant growth in the coming years?

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