Market Size of North America Titanium Dioxide Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 2.16 Million tons |
| Market Volume (2029) | 2.58 Million tons |
| CAGR (2024 - 2029) | 3.61 % |
| Market Concentration | High |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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North America Titanium Dioxide Market Analysis
The North America Titanium Dioxide Market size is estimated at 2.16 Million tons in 2024, and is expected to reach 2.58 Million tons by 2029, growing at a CAGR of 3.61% during the forecast period (2024-2029).
The COVID-19 pandemic majorly affected countries across the region, resulting in severe lockdowns, confining millions of people in their homes, and shutting down businesses, production, and manufacturing facilities, resulting in no economic activity. However, the market retained its growth trajectory in 2022.
- The major factor driving the studied market is the growing construction industry in the region. Moreover, the rising automotive production is expected to fuel the growth of the market. On the flip side, toxicity and stringent environmental policies of titanium dioxide are expected to hinder the market's growth.
- Nevertheless, the increasing usage of ultrafine particles of titanium dioxide in cosmetics and construction industries is expected to act as an opportunity in the future. The United States dominated the North American titanium dioxide market and is expected to continue doing so in the coming years.
