Titanium Dioxide Market Trends: Key Applications in Paints, Coatings, and Plastics
Titanium Dioxide Market Growth & Trends The global titanium dioxide (TiO₂) market is projected to attain a total valuation of USD 31.79 billion by 2030, expanding at a compound annual growth rate (CAGR) of 6.6% over the forecast period, according to a new study by Grand View Research, Inc. This market growth is largely driven by the rising consumption of titanium dioxide in industrial coatings, where it plays a crucial role in enhancing durability, opacity, brightness, and tinting strength. These properties make it an essential ingredient in coatings used for both residential and commercial interior and exterior surfaces. Titanium dioxide is widely used in a variety of coating applications including those for aircraft, automobiles, household appliances, machinery, as well as traffic paints and other special-purpose coatings. The volume of titanium dioxide required in these paints and coatings can vary significantly depending on the desired color intensity, level of opaci...