Global Titanium Dioxide Market Size & Outlook, 2023-2030
Global titanium dioxide market, 2018-2030 (US$M)
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Global titanium dioxide market highlights
- The global titanium dioxide market generated a revenue of USD 20,435.0 million in 2023 and is expected to reach USD 31,789.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.5% by 2030.
- In terms of segment, rutile accounted for a revenue of USD 15,609.8 million in 2023.
- Anatase is the most lucrative grade segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 20,435.0 million |
| Market revenue in 2030 | USD 31,789.6 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Rutile |
| Fastest growing segment | Anatase |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Anatase, Rutile |
Other key industry trends
- In terms of revenue, the North America accounted for 15.7% of the global titanium dioxide market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 259.1 million by 2030.
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Titanium Dioxide Market Scope
Titanium Dioxide Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global titanium dioxide market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to titanium dioxide market will help companies and investors design strategic landscapes.
Rutile was the largest segment with a revenue share of 76.39% in 2023. Horizon Databook has segmented the Global titanium dioxide market based on anatase, rutile covering the revenue growth of each sub-segment from 2018 to 2030.
Titanium dioxide is widely used in paints & coatings application. Titanium dioxide combined with other colored pigments is employed in numerous end-use applications, including automotive coatings, aircraft coating, marine coatings, and architecture & decorative coatings.
Growing construction activities are positively influencing the demand of paints & coatings, thereby creating significant demand for titanium dioxide. Rising increasing urbanization rate and industrial growth have resulted in the rising need for construction and infrastructure development across the globe, especially in emerging regions such as Asia Pacific, Central & South America, and the Middle East.
Rising infrastructure spending in China is expected to potentially fuel the growth of construction industry over the forecast period. For instance, in January 2019, China announced to invest USD 142 billion on 26 infrastructure projects, including rail projects in Chengdu, Kunming, Chongqing, Zhengzhou, and Xian as well as the expansion of Xianyang International Airport.
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Our clientele includes a mix of titanium dioxide market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global titanium dioxide market , including forecasts for subscribers. This global databook contains high-level insights into Global titanium dioxide market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global titanium dioxide market size, by regions, 2018-2030 (US$M)
Top 10 countries: Titanium dioxide market size, 2023 (US$M)
Global titanium dioxide market share, by grade, 2023 & 2030 (%, US$M)
Titanium dioxide market: Opportunity assessment by country
Global titanium dioxide market, by region, 2023 (US$M)
| Grade | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 2,621.6 | 2,802.9 | 2,807.4 | 2,950.5 | 3,072.9 | 3,211.2 | 3,360.4 | 3,525.1 | 3,706.8 | 3,907.4 | 4,130.5 | 4,370.4 | 4,626.3 | 5.4% |
| Europe | 4,542.7 | 4,816.9 | 4,793.0 | 5,051.6 | 5,293.7 | 5,562.7 | 5,850.5 | 6,164.9 | 6,508.9 | 6,885.6 | 7,351.2 | 7,817.6 | 8,324.0 | 5.9% |
| Asia Pacific | 6,660.5 | 7,153.3 | 7,124.3 | 7,686.7 | 8,167.2 | 8,701.7 | 9,279.4 | 9,914.3 | 10,613.6 | 11,385.0 | 12,263.9 | 13,202.2 | 14,218.0 | 7.3% |
| Latin America | 1,572.4 | 1,653.2 | 1,650.2 | 1,769.5 | 1,881.6 | 2,006.2 | 2,140.6 | 2,288.2 | 2,450.5 | 2,629.3 | 2,795.1 | 2,996.0 | 3,205.3 | 6.9% |
| MEA | 774.3 | 831.3 | 815.1 | 859.5 | 903.7 | 953.3 | 1,006.9 | 1,065.9 | 1,130.9 | 1,202.8 | 1,260.8 | 1,337.9 | 1,416.0 | 5.8% |
| Overall | 16,171.4 | 17,257.6 | 17,190.1 | 18,317.9 | 19,319.1 | 20,435.0 | 21,637.7 | 22,958.3 | 24,410.6 | 26,010.1 | 27,801.5 | 29,724.1 | 31,789.6 | 6.5% |
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