The global market of titanium dioxide is expected to reach $20.9 billion in 2021 and $27.9 billion by 2026, with a compound annual growth rate of about 5.9% during that period, according to the latest research results.

It is pointed out that the development of construction engineering field has strongly promoted the application demand of coating industry. The real estate market in the US, for example, has grown steadily in recent years, with total construction up 9.8% in April from a year earlier. The Asia-Pacific region is the largest market for the construction industry, in which the urbanization and industrialization have been driving strongly the growth of the industry, especially with China becoming the region's leading consumer of titanium dioxide.

It is understood that due to the influence of import and export policies, environmental regulations and other factors, the price of raw materials of titanium dioxide fluctuate frequently, which affects the market of titanium dioxide. Recently, the fluctuation in the price of raw materials, such as ilmenite and rutile, have led to higher production costs of titanium dioxide, therefore, some manufacturers have raised the price of titanium dioxide products.