Titanium Dioxide Market Size, Share, Growth Analysis, By Grade(Rutile, Anatase), By Process(Chloride, Sulphate), By Application(Paints, coatings, plastics, pulp & paper), By End User(Automotive, construction industry, pharmaceutical, others), By Region - Industry Forecast 2024-2031

Titanium Dioxide Market size was valued at USD 20.9 billion in 2019 and is poised to grow from USD 22.13 billion in 2023 to USD 37.08 billion by 2031, growing at a CAGR of 5.9% in the forecast period (2024-2031).

Titanium dioxide (TiO₂) is a powdered white chemical compound that provides bright white pigmentation. Paints and coatings, plastics, paper, cosmetics, food colorants, textiles, and other industrial and consumer products contain this mineral. It is also used as a pigment in paints and coatings in the construction and automotive industries, where it is used as roofing material and floor coverings, as well as in designing and coating automotive products and printing inks. Rising construction activity in developing regions as a result of population growth can be linked to a high demand for TiO₂ for paints and coatings applications. Furthermore, the increasing use of plastics and rubber in various consumer products is fueling growth.

TiO₂ nanoparticles have a wide range of applications in photovoltaic (PV) systems such as dye-sensitized solar cells, quantum dot-sensitized solar cells, polymer-inorganic hybrid solar cells, inorganic solid-state solar cells, and perovskite solar cells. Because of its effectiveness in improving the performance of dye-based cells, the product has a broad range of applications in PV cell coatings as a photoactive material. The increased use of clean energy sources has also fueled product demand in the PV cell application.

US Titanium Dioxide Market is poised to grow at a sustainable CAGR for the next forecast year.