South Korea Titanium Dioxide Market Report and Forecast 2025-2034

The South Korea titanium dioxide market reached approximately USD 455.58 Million in 2024. The market is projected to grow at a CAGR of 5.70% between 2025 and 2034, reaching a value of around USD 793.08 Million by 2034.

South Korea Titanium Dioxide Market Growth

The growing construction sector and the rising sales of automobiles in the country are two of the crucial factors aiding market growth. The robust growth of the construction sector is supported by rapid urbanisation and a surge in the real estate sector of the country. Titanium dioxide is a key ingredient in paints and coatings and with the increased infrastructure development, its demand is also expected to increase.

With the flourishing automotive sector, titanium dioxide is expected to find increased usage in automotive coatings as it offers resistance against UV rays and maintains the durability of the vehicles. In 2022, the Ministry of Land, Infrastructure, and Transport (MOLIT) announced that EV registration in the country witnessed an increase of around 72.7 per cent year-on-year, which created new opportunities for titanium dioxide paints and coatings in the EV sector.

The expansion of the electronics sector is another crucial factor which aids the titanium dioxide market development. Titanium dioxide coatings find growing applications in electronic devices such as capacitors and semiconductors for their corrosion-resistant and wear-resistant properties. In 2022, South Korea witnessed a foreign investment of USD 3 billion in its electronics sector which is expected to bolster the demand for titanium dioxide.

Furthermore, the titanium dioxide produced in the form of ultrafine product, which is transparent and offers high absorption of ultraviolet light, finds high usage in the sunscreens. It creates a temporary barrier for maximum protection against sun rays and can even prevent skin cancer with regular usage.

South Korea Titanium Dioxide Industry Segmentation

“South Korea Titanium Dioxide Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Grade

Rutile
Anatase

Market Breakup by Process

Chloride
Sulfate

Market Breakup by Application

Paints and Coatings
Plastics
Paper and Pulp
Cosmetics
Others

South Korea Titanium Dioxide Market Share

Paints and coatings applications require a lot of titanium dioxide. The use of pigments improves the light, heat, and brightness stability of paints and coatings. Vehicle coatings, aircraft coatings, marine coatings, and architectural and decorative coatings are some of the end-use applications where titanium dioxide and other colored pigments are used. An increase in construction activity drives up the demand for paint and coatings, which, in turn, drives up titanium dioxide demand.

Leading Companies in South Korea Titanium Dioxide Market

The market players are increasing the capacities of their production plants to meet the rising demand of titanium dioxide in country.
COSMO Chemical Co., Ltd.
Tronox Holdings Plc
Kumyang Co. Ltd.
NANO Chemical Co., Ltd.
INEOS AG
Others