Titanium Dioxide Market size was valued at USD 22.4 Billion in 2023 and is poised to cross USD 50.5 Billion by the end of 2036, expanding at more than 6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of titanium dioxide is estimated at USD 23.7 Billion.
The market is driven by the increased consumption of paints & coatings in various end-use industries. According to the American Coatings Association, more than half of all coatings manufactured annually in the US are generated in the architectural coatings sector, which is both the largest and most concentrated area of the paint business. The architectural coatings business exported about USD 14 billion worth of products in 2021.
Author Credits: Rajrani Baghel
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