South Korea Titanium Dioxide Market Report and Forecast 2025-2034
Description
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
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
Table of Contents
112 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Asia Pacific Titanium Dioxide Market Overview
- 5.1 Key Industry Highlights
- 5.2 Asia Pacific Titanium Dioxide Historical Market (2018-2024)
- 5.3 Asia Pacific Titanium Dioxide Market Forecast (2025-2034)
- 6 South Korea Titanium Dioxide Market Overview
- 6.1 Key Industry Highlights
- 6.2 South Korea Titanium Dioxide Historical Market (2018-2024)
- 6.3 South Korea Titanium Dioxide Market Forecast (2025-2034)
- 7 South Korea Titanium Dioxide Market by Grade
- 7.1 Rutile
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Anatase
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 8 South Korea Titanium Dioxide Market by Process
- 8.1 Chloride
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Sulfate
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 South Korea Titanium Dioxide Market by Application
- 9.1 Paints and Coatings
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Plastics
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Paper and Pulp
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Cosmetics
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Others
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators for Demand
- 10.4 Key Indicators for Price
- 11 Value Chain Analysis
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 COSMO Chemical Co., Ltd.
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Tronox Holdings Plc
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Kumyang Co. Ltd.
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 NANO Chemical Co., Ltd.
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 INEOS AG
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Others
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