According to a new report, published by KBV research, The Global Titanium Dioxide Market size is expected to reach $31.4 billion by 2030, rising at a market growth of 6.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 6,247.4 Kilo Tonnes, experiencing a growth of 5.8% (2019-2022).
The Anatase segment is showcasing a CAGR of 7.2% during (2023 - 2030). This grade of titanium dioxide (TiO2) is typically used to make enamel because of its exceptionally robust dispersion, long-lasting bad weather resistance, and polished shine. Along with being used to make enamels and welding electrodes, the anatase pigment is mainly utilized in textiles, ceramics, cosmetics, and pharmaceutical products.
The Sulfate segment acquired the maximum revenue share in the Global Titanium Dioxide Market, By Production Process in 2022 thereby, achieving a market value of $15,894.6 million by 2030. The Titanium dioxide produced by the sulfate process is ideally suited for use in paints and coatings. The growth of the automotive sector has led to an increase in the need for lightweight paints, which in turn has led to an increase in the demand for sulfate-based titanium dioxide. Titanyl sulfate is created when concentrated sulfuric acid (H2SO4) is applied to iodine powder. Titanyl sulfate is hydrolyzed to produce metatitanic acid, then heated and ground to generate whiter titanium powder.
The Plastics segment has shown the high growth rate of 6.2% during (2023 - 2030). Plastic products using TiO2 have more substantial mechanical and electrical qualities. Along with offering protection from UV rays and extreme temperatures, it also improves the ability of plastics to weather. Due to their growing demand in the automotive, construction materials, and masterbatches industries, the plastics segment is anticipated to expand significantly. In addition, there has been a rise in the development of bioplastics due to growing environmental concerns. This will likely have a favorable effect on the product consumption in turn.
The Asia Pacific region dominated the Global Titanium Dioxide Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $13.2 billion by 2030. The North America market is anticipated to grow at a CAGR of 6% during (2023 - 2030). Additionally, The Europe market would witness a CAGR of 6.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/titanium-dioxide-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Kronos Worldwide, Inc., The Chemours Company, Tronox Holdings Plc, Evonik Industries AG (RAG-Stiftung), LB Group, Venator Materials PLC, Ishihara Sangyo Kaisha, Ltd., TAYCA Corporation, CATHAY INDUSTRIES, and TOR Minerals International, Inc.
By Grade (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Production Process (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
Companies Profiled
Unique Offerings 
