As per the report titled ‘Titanium Dioxide Market Size By Process, By Grade, By Product, By Application, Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report, global titanium dioxide market is set to expand at a robust pace through 2026.
 

Growth of paints & coatings industry worldwide, rising popularity of self-cleaning technology across various industries, and technological advancements are driving the growth of global titanium dioxide market. On the contrary, fluctuating product prices and strict government norms regarding VOC emission may negatively impact the business expansion over the forecast period, cites the report.
 

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For those unfamiliar, titanium dioxide houses reflective qualities, is UV resistant, and can scatter disperse light. It also possesses properties that make it an extremely essential and useful ingredient in fighting cancer and climate change. On account of its ability to impart opacity and whiteness, titanium dioxide has various applications including paints, cosmetics, and papers. Moreover, several technologically advanced compounds such as nano sized TiO2 have augmented product applications in plastics industry for anti-fogging coatings and self-cleaning coatings on glass, for building facades, and in confectionary.
 

In terms of process, global titanium dioxide market is split into sulfate and chloride, among which, the latter segment is anticipated to register a yearly growth rate of 8% during the review period as it generates less waste in comparison to sulfate process.  
 

Based on grade, global titanium dioxide market is classified into anatase and rutile. As per trusted projections, anatase segment will gain considerable market share by the end of 2026 with a growth rate of over 5% in this timespan.
 

Elaborating on product type, global titanium dioxide market is split into ultrafine and pigmentary. The pigmentary segment represented the largest market share in 2019 and is likely to expand with a y-o-y growth rate of 7.5% during the evaluation period due to its widespread use in paints & coatings industry.
 

Considering the application scope, global titanium dioxide market is fragmented into food, paper & pulp, printing inks, plastics & rubber, paints & coatings, textiles, cosmetics, and others. Textile segment is expected to record a CAGR of 7.5% over the forecast timespan, driven by the growing demand for self-cleaning fabrics.
 

Considering the regional outlook, Latin America titanium dioxide market is projected to register a CAGR of 6% through 2026, fueled by steadily increasing number of construction activities throughout the region.
 

Leading organizations in global titanium dioxide market are Travancore Titanium Product Ltd., Kronos Worldwide, Inc., Ishihara Sangyo Kaisha Ltd., Venator Materials PLC, Tronox Holdings Plc., Lomon Billions Group, and The Chemours Company among others.