According to the new market research report titled “Titanium Market by Product Type (Titanium Dioxide/Pigmentary Titanium Dioxide, Titanium Metal), by End-Use Industry and Region (North America, Europe, Asia-Pacific, MEA, and South America) – Global Forecast to 2026”, published by Markets and Markets, the global titanium market size is expected to grow from USD 24.7 billion in 2021 to USD 33.5 billion by 2026, at a compound annual growth rate (CAGR) of 6.3% during the forecast period. Titanium dioxide (TiO₂) is widely used in industries such as coatings, plastics, rubber, and paper, while titanium metal is extensively used in aerospace, defense, chemical processing, power generation, and desalination industries.

Titanium dioxide (TiO₂), also known as titanium white pigment, finds broad application across various end-use industries. Major industries include paints and coatings, plastics and rubber, paper, and others. The growing demand from these sectors is expected to drive the titanium dioxide market over the forecast period.

The COVID-19 pandemic led to a global decline in industrial activities during the first half of 2020, resulting in reduced demand for titanium dioxide across various end-use industries.

Paints and coatings represent the largest end-use sector for titanium dioxide, with widespread applications. TiO₂ is used in paints and coatings to enhance coverage, brightness, whiteness, opacity, and durability. It is applied in architectural coatings, automotive OEM coatings, general industrial finishes, powder coatings, water-based coatings, protective coatings, wood coatings, and other specialty coatings. The rapidly growing housing and construction industry, rising GDP, continuous urbanization, and increasing disposable income are driving the coatings market. Additionally, technological advancements in automotive, wood, and other industrial sectors support further market growth.

The COVID-19 pandemic significantly reduced demand for titanium dioxide in key end-use industries—such as paints and coatings, plastics and rubber, and paper. These factors contributed to a decline in TiO₂ consumption in 2020. However, demand is expected to recover post-pandemic.