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The global titanium dioxide market is being driven by the increased application of titanium dioxide in plastics, paints, and coatings segment. Further, with the advancement in technology and the introduction of titanium dioxide nanoparticles, its demand in the ceramic industry has witnessed a rapid increase in the past few years. The Asia Pacific leads the global titanium dioxide market, accounting for over two-fifth of the global market share, followed by Europe and North America.
As titanium dioxide pigments add brightness and durability to paints, plastics, paper, and other products, its demand is increasing, leading to the increased production of titanium dioxide by major manufacturers globally. In April 2020, Tronox Holdings plc (NYSE: TROX), a global mining and inorganic chemicals company and a key player in the titanium dioxide market, announced the acquisition of the titanium dioxide business of The National Titanium Dioxide Company Limited (“Cristal”), which will allow the companies to expand their titanium dioxide business across six continents. In May 2020, the Federal Trade Commission further allowed the divestiture of Cristal’s North American titanium dioxide business to INEOS Enterprises. This acquisition by INEOS of Cristal’s North American titanium dioxide business from Tronox will enable the company to expand its titanium dioxide business in North America, along with providing it an opportunity to enter into the pigments business.
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The major players in the global titanium dioxide market are The Chemours Company, Venator Materials PLC, KRONOS Worldwide, Inc., Tronox Holdings plc, Lomon Billions Group, Shandong Doguide Group Co., Ltd, Jinan Yuxing Chemical Co.Ltd, Nanjing Titanium Dioxide Chemical Co., Ltd., and Ningbo Xinfu Titanium Dioxide Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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