Global Titanium Dioxide Pigments Market 2025

Titanium Dioxide Pigments Market Size

In 2021, the global titanium dioxide pigments market decreased by -13.9% to $X, falling for the third consecutive year after two years of growth. In general, consumption continues to indicate a perceptible slump. Over the period under review, the global market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Titanium Dioxide Pigments Production

In value terms, titanium dioxide pigments production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production showed a slight decline. The growth pace was the most rapid in 2017 when the production volume increased by 9.1%. Global production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Titanium Dioxide Pigments Exports

Exports

In 2021, global titanium dioxide pigments exports expanded sharply to X tons, growing by 13% compared with the year before. The total export volume increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 16%. Over the period under review, the global exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, titanium dioxide pigments exports soared to $X in 2021. Overall, total exports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +34.9% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the main exporter of titanium dioxide pigments and colouring preparations in the world, with the volume of exports amounting to X tons, which was approx. 46% of total exports in 2021. The United States (X tons) held the second position in the ranking, followed by Belgium (X tons) and Germany (X tons). All these countries together took near 23% share of total exports. The following exporters - the UK (X tons), Australia (X tons), Taiwan (Chinese) (X tons), the Netherlands (X tons), Canada (X tons), France (X tons) and Spain (X tons) - together made up 19% of total exports.

Exports from China increased at an average annual rate of +14.6% from 2012 to 2021. At the same time, the Netherlands (+32.7%), Taiwan (Chinese) (+7.2%), Spain (+6.3%), Canada (+5.8%), the UK (+5.2%), Belgium (+4.1%), Australia (+3.3%) and Germany (+2.4%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +32.7% from 2012-2021. By contrast, France (-1.2%) and the United States (-2.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and the Netherlands increased by +24 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest titanium dioxide pigments supplier worldwide, comprising 44% of global exports. The second position in the ranking was held by the United States ($X), with an 8.9% share of global exports. It was followed by Belgium, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +13.9%. In the other countries, the average annual rates were as follows: the United States (-3.3% per year) and Belgium (+1.5% per year).

Export Prices by Country

The average titanium dioxide pigments export price stood at $X per ton in 2021, with an increase of 23% against the previous year. Overall, the export price, however, showed a slight curtailment. The global export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Germany ($X per ton) and France ($X per ton), while Canada ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.2%), while the other global leaders experienced mixed trends in the export price figures.

Titanium Dioxide Pigments Imports

Imports

In 2021, purchases abroad of titanium dioxide pigments and colouring preparations increased by 10% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 13% against the previous year. Over the period under review, global imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, titanium dioxide pigments imports surged to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 29% against the previous year. Global imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons), Belgium (X tons), India (X tons), Germany (X tons), the United States (X tons), France (X tons), Turkey (X tons), South Korea (X tons), Italy (X tons), Brazil (X tons), Mexico (X tons) and Indonesia (X tons) was the key importer of titanium dioxide pigments and colouring preparations in the world, constituting 58% of total import. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of +20.7%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2021, together comprising 24% of global imports.

Belgium, with a CAGR of +16.0%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average titanium dioxide pigments import price stood at $X per ton in 2021, surging by 15% against the previous year. Overall, the import price, however, continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2017 an increase of 21%. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.2%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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