According to the new market research report “Titanium Market by Product Type (Titanium Dioxide, Titanium Metal), Titanium Dioxide By End-use Industry, Titanium Metal By End-use Industry and Region (North America, Europe, Asia-Pacific, MEA & South America) – Global Forecast to 2026”, published by MarketsandMarkets™, 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 CAGR of 6.3% during the forecast period. Titanium dioxide is extensively being used in the paints & coatings, plastics & rubber, paper, other end-use industries. Titanium metals get widely used in aerospace & defense, chemical & process industry, energy & power, desalination, and other industries.
Titanium Dioxide a major share of the Titanium market in terms of value.
The titanium dioxide find wide uses in various end-use industries. Some of the major industries include the paints & coatings, plastics & rubber, paper, and others. The increasing demand from these industries is expected to drive the titanium dioxide market during the forecasted period.
Kenmare Resources plc (LON:KMR) is an established mining company, which operates the Moma Titanium Minerals Mine, located on the north east coast of Mozambique.