Titanium Dioxide Market

The titanium dioxide market size is projected to grow from USD 20.72 billion in 2024 and is projected to reach USD 24.41 billion by 2029, at a CAGR of 3.33%.The Titanium Dioxide market is predicted to rise steadily over the forecast period, owing to an increase in paint and coating applications in the automotive and construction industries. Furthermore, nanoparticles of titanium dioxide provide opportunities in the cosmetics and construction industries. Ultrafine titanium dioxide is utilized in a variety of cosmetic applications, including creams, loose and pressed powders, eyeshadows, blush, and sunscreens. Titanium dioxide nanoparticles produce a perfect finish, improved protection against damaging solar rays, and brightness. Construction materials are treated with titanium dioxide photocatalyst to promote self-cleaning, antibacterial action, air purification, and pollution resistance.

Titanium Dioxide Companies

The major players in the titanium dioxide market with a significant global presence are : The Chemours Company (US), Tronox Holdings Plc (US), LB Group (China),Kronos Worldwide, Inc. (US), Venator Materials PLC. (UK), INEOS Group Limited (UK), CNNC Huayuan Titanium Dioxide Co., Ltd. (China), Cinkarna Celje d.d. (Slovenia), Evonik Industries AG (Germany), Tayca Corporation (Japan) and others are covered in the titanium dioxide market) etc. The market players have adopted various strategies such as development of advanced products, partnerships, contracts, expansions, and acquisitions to strengthen their position in the titanium dioxide market.

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Tronox Holdings Plc (Tronox) is a global manufacturer and marketer of pigments, electrolytic products, and other chemical solutions. The company operates across the US, Australia, South Africa, the UK, Saudi Arabia, Singapore, Brazil, India, France, and the Netherlands. Tronox’s operations include the exploration, mining, and beneficiation of mineral sands, with a focus on titanium feedstock products such as chloride slag, slag fines, rutile, leucoxene, zircon, and pig iron. Its Titanium dioxide segment specializes in producing and marketing titanium dioxide, electrolytic manganese dioxide for advanced battery materials, and specialty boron products. Tronox's titanium dioxide pigment facilities are located in Mississippi (USA), the Netherlands, and Western Australia. Titanium dioxide is extensively used in industries such as plastics, paper, paints, coatings, inks, fibers, food, rubber, pharmaceuticals, and cosmetics. The company's portfolio includes Tronox titanium dioxide, mineral sands, alkali products, and specialty electrolytic chemicals. Tronox has an annual production capacity of approximately 832,000 metric tons (MT) of titanium feedstock, which includes 240,000 MT of synthetic rutile, 410,000 MT of titanium slag, and 182,000 MT of rutile and leucoxene.

LB Group manufactures inorganic chemicals. The product line includes Titanium (Titanium Dioxide and Titanium Sponge); Zirconium (ZOC, ZrO2 Powder, Grinding Media, and Ceramic); Iron Oxide Pigment; Ferrous Sulfate Monohydrate; and Ilmenite & Slag. The applications of titanium dioxide include paint, coating, inks, plastics, papers, and others. There are six titanium dioxide pigment production plants: two using the chloride process, three using the sulfate process, and one intermediate titanium dioxide plant. The current production capacity is approximately 1,510 kilotons of TiO2, comprising 660 kilotons from chloride-process plants, 850 kilotons from sulfate-process plants, and 200 kilotons from the intermediate titanium dioxide pigment capacity. Moreover, the company has business operations in Asia, Europe, and North America. It offers titanium dioxide pigment under the brand names LOMON and BILLIONS.

 Kronos Worldwide, Inc. (Kronos) is a leading producer and marketer of titanium dioxide products. The company provides technical support to over 3,000 customers across 100 countries, with key markets in Europe, Asia Pacific, and North America. Kronos specializes in three primary sectors: coatings, plastics, and paper.

In the coatings sector, titanium dioxide enhances tinting strength, opacity, brightness, and durability in industrial coatings. These coatings are used in automobiles, residential interiors and exteriors, aircraft, appliances, machinery, traffic paint, and specialty applications. In the plastics industry, titanium dioxide pigments add opacity to containers, packaging, and vinyl products like door profiles, windows, and siding. Titanium dioxide also provides hiding power and a neutral tone for products such as housewares, toys, appliances, computer cases, and food packaging. In the paper industry, it plays a role in the production of decorative, filled, and coated paper, serving as an opacifying and delustering agent in textiles.

Kronos also markets titanium chemicals for applications in catalysts, water treatment, pearlescent pigments, paints and coatings, and petroleum industries. The company operates four titanium dioxide manufacturing plants in Europe, located in Leverkusen and Nordenham, Germany; Langerbrugge, Belgium; and Fredrikstad, Norway. In North America, it operates plants in Varennes, Quebec, Canada, and Lake Charles, Louisiana, US. Kronos produces titanium dioxide in two crystalline forms: anatase and rutile. Rutile titanium dioxide is produced using both the chloride and sulfate processes, while anatase titanium dioxide is produced exclusively through the sulfate process. The sulfate process is utilized in products such as paper, rubber tires, ceramics, synthetic fibers, food, and cosmetics. It offers over 50 titanium dioxide grades under the KRONOS trademark.

The company’s operations are divided into three geographic segments: Europe, North America, and Others. In fiscal year 2023, Europe accounted for 44.3% of total revenue, North America for 37.1%, and other regions for 18.6%.

• On July 2024, Kronos Worldwide Inc. solidified its position in the titanium dioxide market by acquiring the remaining 50% stake in Louisiana Pigment Company (LPC) from Venator Materials plc. The deal, valued at USD 185 million up front with the potential for an additional 15 million earnout, gave Kronos full ownership of the LPC titanium dioxide manufacturing facility. This strategic move allowed Kronos to expand its production capabilities and market presence while enabling Venator to streamline its portfolio and focus on other strategic priorities.
• On October 2023, UPM Specialty Papers and Lohmann partnered to address challenges in paper liner recycling in the tape industry. The partnership is a concerted effort to enhance sustainability practices within the sector by promoting circular economy principles.
• On May 2023, Chemours launched Ti-Pure TS-6700, a high-performance titanium dioxide grade specifically designed for waterborne architectural coatings. This innovative product is both TMP- and TME-free, aligning with sustainable practices. Ti-Pure TS-6700 is produced using 100% renewable electricity and features a bio-based organic surface treatment, demonstrating Chemours’ commitment to sustainability. With this launch, Chemours aims to support its customers in achieving their current environmental goals while also preparing them for long-term success.
• On January 2023, Chemours introduced a new product in its Ti-Pure Sustainability (TS) series: Ti-Pure TS-1510. This new grade is a highly efficient rutile titanium dioxide pigment specifically developed to improve processing performance in plastics, with a focus on polyolefin masterbatch applications.
• On December 2022, LB Group’s wholly owned subsidiary, LB Sichuan Mining and Metallurgy Co., recently signed an agreement worth approximately 240 million yuan (USD 34.44 million) to significantly increase its equity stake in PZH Zhenxing V & Ti Resources Equity Investment Center (Limited Partnership). This move will raise LB Sichuan's ownership from 69.98% to 99.97%. This development strengthens LB Group’s control over V & Ti Resources, likely enhancing its strategic position in the vanadium and titanium sectors, which are key to the production of specialized alloys and materials used in various industries.

Related Reports:

Titanium Dioxide Market by Grade (Rutile, Anatase), Process (Sulfate, Chloride), Application (Paints & Coating, Plastics, Paper, Inks), & Region (North America, Europe, Asia Pacific, MEA, South America) - Global Forecasts Up to 2029

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