Q. What is titanium dioxide market size in 2028?
What is titanium dioxide market size in 2028?
The titanium dioxide market size was valued at USD 21 billion in 2021 and is likely to grow at a CAGR of 5.81% during 2022-2028 to reach USD 31.24 billion in 2028.
The prime factor that is contributing to the demand for Titanium Dioxide is mainly due to its wide range of applications such as paints, adhesives, coatings, printing inks, ceramics, disinfectants, cosmetics, and others.
COVID-19 IMPACT
The titanium dioxide market was negatively impacted due to the Covid-19 pandemic in the year 2020. There was a complete halt in manufacturing and construction activities resulting from labor shortage and disruption in the supply chain. This majorly affected the demand from various sectors, like paints and coatings, plastics, cosmetics, etc.
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