Titanium dioxide market scale is expanding steadily

Recently, the latest research results show that the global titanium dioxide market is expected to reach 20.9 billion U.S. dollars in 2021, and it will reach 27.9 billion U.S. dollars by 2026, with a compound annual growth rate of about 5.9% during this period.

The study pointed out that the development of the construction engineering field has strongly promoted the application demand of the coating industry. For example, the real estate market in the United States has developed steadily in recent years. The total construction scale in April this year increased by 9.8% year-on-year. The Asia-Pacific region is the largest market for the construction industry. The process of urbanization and industrialization in the region has promoted the strong development of the construction industry. In particular, China has become a major consumer of titanium dioxide in the region.

It is understood that the price of titanium dioxide raw materials often fluctuates due to factors such as import and export policies, environmental laws and regulations, which affects the changes in the titanium dioxide market. Recently, fluctuations in the prices of raw materials such as ilmenite and rutile have led to an increase in the production cost of titanium dioxide, and some manufacturers have therefore increased the price of titanium dioxide products.