Global Titanium Dioxide Market Growth|Trends, Size,Share & Forecast to 2030
Titanium dioxide (TiO2) is a white colored pigment and a naturally occurring oxide of titanium in three forms – brookite, anatase, and rutile. It has applications in cosmetics, coatings, paints, paper, plastics, foods, and others. The global titanium dioxide market report compiled by Market Research Future (MRFR) contains developments and insights of the use of TiO2 in paints and coatings and predictions for the period of 2016 to 2023 (forecast period). Market Outlook The titanium dioxide market has a CAGR of 8.92% until 2030. The market was worth USD 21.37 billion in 2020 and is projected to be worth USD 34.47 billion in 2030. The demand from automotive and construction sectors is the primary driver of the market. Strict policies outlining the low emission rates in cars and efforts taken by manufacturers in lowering vehicle weight support this trend. TiO2 is used in the coating of polycarbonates for upping the scratch resistance of coats. Titanium dioxide is mixed in coats and p...