Titanium Dioxide Powder Market to Reach Valuation of USD 28.5 Billion by 2028 –Huge Application of Titanium Dioxide Powder Drives the Market

In terms of revenue, the Global Titanium Dioxide Powder Market is expected to reach USD 28.5 Billion by 2028, growing at a CAGR (Compound Annual Growth Rate) of 5.50% from 2022 to 2028.

The combination of white powdered titanium dioxide (TiO2) gives off a dazzling white color. This mineral is utilized in various commercial and consumer goods, such as textiles, paints and coatings, plastics, paper, cosmetics, and food colorants. It also functions as a pigment in paints and coatings used in the construction and automotive industries to make roofing and flooring. In addition, the market for solar panels built with titanium dioxide pigments is predicted to rise as environmental concerns about renewable energy sources develop. Throughout the projected period, this is anticipated to fuel market expansion for Titanium Dioxide Powder.

Key Developments in the Industry

· POLYVEST® eCO, a sustainable liquid polybutadiene, was introduced by Evonik in June 2022. A new series of environmentally friendly liquid polybutadienes have been introduced by Evonik's Coating & Adhesive Resins business line under the name POLYVEST® eCO.

· May 2022: Chemours announced process innovation using a new offering of advanced polymer architecture (APA) for VitonTMFluoroelastomers. The Chemours Company ("Chemours"") (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, recently announced the development of an innovative, sustainable process to produce VitonTMfluoroelastomers of the Advanced Polymer Architecture (APA) grade without the use of a fluorinated polymerization aid.

· ACS 2022 in April 2022 saw the promotion by LB Group of new titanium dioxide (Tio2) pigments for coatings and inks. A new line of TiO2 pigments for coatings and inks was promoted by LB Group during the American Coatings Show in Indianapolis from April 5 to 7, 2022.

Market Dynamics

As it offers a high color context, including enhanced intensity and brightness, helps absorb oils generated by the skin, and shields it from UV rays, titanium dioxide (TiO2) is frequently utilized in cosmetics. The cosmetics sector is developing significantly due to increased disposable income, expanding middle-class aspirational spending, changing lifestyles, and a taste for high-quality goods. Additionally, the growing understanding of the need to maintain an even skin tone, healthy skin practices, and efforts to seem beautiful and youthful is fueling the increased demand for skin care products.

Rising demand for lightweight automobiles, facilitated by increasing technological breakthroughs and innovations in the automotive industry, is the main factor driving this market's expansion. Regulations on emission policies, which are expected to raise demand, are to blame for the surge in demand for fuel-efficient vehicles. The improvement in consumer lifestyles increased renovation activity, and new government infrastructure projects are the main factors driving the growth of the Titanium Dioxide Powder Market. Expansion in other sectors, including consumer goods, electronics, and appliance manufacture, also helps to meet demand.

The Titanium Dioxide Powder Market will be dominated by , which is the largest revenue shareholder. This can be ascribed to the region's increased demand for paints and coatings due to the expanding construction activity in Southeast Asian countries like China, India, and others. Furthermore, due to rising fuel prices and environmental issues associated with gasoline-powered vehicles, the automotive market is booming due to the growing demand for electric vehicles. Additionally, it is projected that local automakers' increased electric vehicle expenditures would raise automobile usage. In automotive coatings, titanium dioxide serves as a dispersant and provides improved chalk resistance and gloss retention.

The Global Titanium Dioxide Powder Market is Segmented as follows

The Global Titanium Dioxide Powder Market is segmented based on Grades, End-Users, Applications, Products, and Region. Based on the Grades, the Global Titanium Dioxide Powder Market is segregated into Rutile and Anatase. Furthermore, based on the End-Users, the market is further bifurcated into Automotives, Personal Care, Pharmaceuticals, Food & Beverages, Construction Industry, and Other End-Users. In addition, based on the Applications, the market is further divided into Paints & Coatings, Pulp & Paper, Plastics, Cosmetics, Ink, and Other Applications. Additionally, based on the Products, the market is further segregated into Pigmentary and Ultrafine. Likewise, based on Region, the market is bifurcated into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

List of the Key Players of the Global Titanium Dioxide Powder Market is

Some of the key players in the Global Titanium Dioxide Powder Market include- Dupont (US), Anhui Annada Titanium Industry Co. Ltd. (China), Ningbo Xinfu Titanium Dioxide Co. Ltd. (China), Nanjing Titanium Dioxide Chemical Co. Ltd. (China), Baoti Titanium Industry Co. Ltd. (China), Tikon (China), Dawn Titanium Company (China), Yinhai (China), GPRO (China), FangYuan New Materials Group (China) and others.

The Global Titanium Dioxide Powder Market Scope can be Tabulated as below