The titanium dioxide market will reach USD 24,026.1 million by 2030. Among the 2 main titanium dioxide construction procedures, namely sulfate, and chloride, the sulfate procedure has been utilized more in recent years. The key reason accountable for the growth of this category in the titanium dioxide industry is the fact that not like the chloride procedure, which can only remove titanium dioxide from rutile rocks, the sulphate procedure creates the removal of the compound from all ores, such as titania slag, rutile, and ilmenite.

Moreover, the sulphate procedure utilizes a better and easier technology for removing the item, and the devices utilized are extremely resilient to corrosion and simple to use. Due to such benefits, the sulphate category had a larger industry share in recent years, and this trend is projected to stay the same in the future as well.

The paints & coatings category is presently producing the highest income in the application category of the industry for titanium dioxide, and the category is projected to showcase the fastest development during the projection period. This is mainly due to the rising usage of paints and coatings in numerous architectural applications, according to the Titanium Dioxide Manufacturers Association few years back. The growing need for the compound in paints and coatings is attributed to its high refractive index, inert and non-toxic nature, and high UV ray captivating ability.

Because of the launch of numerous production amenities and the existence of a thriving construction sector, due to the rising populace and growing urbanization rate, the need for paints and coatings is rising in the APAC region. This is, ultimately, propelling the growth of the industry for titanium dioxide in the region.

As a result, the increasing count of infrastructure growth projects in emerging nations due to which apartments, hotels, office buildings, town centers, and shopping centers are being built is a vital reason for boosting the requirement for this facility. This means that for paint and coating makers in this region, profitable growth opportunities arise.

As the compound is a key ingredient of paints and coatings due to its high UV resistance, ultra-white color, and opacity, the rising need for paints and coatings is driving the titanium dioxide industry growth in the APAC region.

One of the main trends currently being witnessed in the titanium dioxide sector is the rising fondness for self-cleaning technologies in comparison to orthodox cleaning technologies, mainly for smartphones and windows. The existence of titanium dioxide nanomaterials in such self-cleaning technologies offers resistance to dust by starting a chemical reaction that breaks down the dirt elements.

SOURCE: P&S Intelligence