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The market size value in 2023 was
USD $19798.8 million
Revenue forecast in 2030 is estimated to be USD $30.62 billion
The compound annual growth rate from 2023 to 2030 is estimated to be 6.3%
The size of the global titanium dioxide market was valued at approximately $18.82 billion in 2022. It is projected to grow to around $19.798 billion in 2023.
The global titanium dioxide market is projected to grow at a compound annual growth rate (CAGR) of 6.3% from 2023 through 2030, with expectations to reach a market value of approximately $30.62 billion by the end of 2030.
The Asia Pacific region held the dominant position in the titanium dioxide market, securing the largest revenue share at 42.4% in 2022. This significant market share is largely due to the surge in construction activities across countries like India, China, and other Southeast Asian nations. This increase in construction has driven the demand for paints and coatings in the region, thereby bolstering the growth in demand for titanium dioxide products.
The major participants in the titanium dioxide market comprise notable companies such as The Chemours Company, Tronox Holdings PLC, LB Group, Venator, and Kronos Worldwide, Inc.
The growth of the titanium dioxide (TiO2) market is primarily fueled by the rising demand for lightweight vehicles, driven by stringent emission regulations, and the expanding use of TiO2 in applications such as printing inks, rubber, and chemical fibers.
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