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Titanium Dioxide (TiO2) Market Share, Size,Growth, Key Players,
Outlook and Forecasts to 2024 | Hexa Research
“ The global titanium dioxide market is expected to reach USD 27.49 billion by
2024”
07 March 2019
The global titanium dioxide market is expected to reach USD 27.49 billion by 2024 owing to the increasing
demand of titanium dioxide in paper, paint & coating, cosmetics, and plastic industries. In 2014, DuPont
titanium technologies started a manufacturing facility in Alamira, Mexico having a capacity of 200,000
tons/year which will help in fulfilling the demand worldwide.
Rising demand for lightweight automobiles is expected to play a vital role in growth of global titanium dioxide
market. Materials such as polycarbonates are used in manufacturing of lightweight automotive which have
low scratch resistance value. Also, the product is used in various industries such as chemica l intermediates,
fiber, technical titanium, inks for printer and rubber.
Keeping these driving factors in mind, companies are ramping up their production capacity. In 2015, PPG
International entered in a partnership agreement with Henan Billions Chemicals Co. LTD. to setup a new
manufacturing unit for titanium dioxide which is expected to produce 100,000 metric tons per year to expand
its footprint in Asia Pacific. Companies such as Argex Titanium are using unique patented CTL process which
involves low cost feed stock material and solvent extraction method to produce high quality product.
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