Middle East and Africa Titanium Dioxide Market

Middle East and Africa Titanium Dioxide Market Size-(2023-2028):

The Middle East and Africa Titanium Dioxide Market is expected to reach USD 7.5 billion by 2028 and is likely to record a CAGR of 5.9% over the outlook period from 2023 to 2028. All the Middle East and African regions are playing a key part in this growth.

Drivers and Restraints of the Middle East and Africa Titanium Dioxide Market:

The biggest sector in the Middle East and African regions is the construction sector and it is a driving force for the industry. Titanium Dioxide is widely used in the construction sector for various purposes. More than 75% of the total consumption of Titanium Dioxide in the Middle East and Africa is by the construction sector hence this is one of the main drivers for the growth of the industry. Since Titanium dioxide is used in vehicle paints, it is highly demanded by the automobile industries. In addition to vehicle paints, Titanium dioxide is also used extensively in the paper and plastics industry which adds to its growing demand and needs.

The extraction process of Titanium dioxide poses risks of health hazards and harmful environmental effects. In addition to that, the cost of extraction is on the higher side and thus industries do not prefer this process in developed countries.
Middle East countries are often plagued by social and border issues. Civil wars and refugee problems prevent high investments in the region which slows down the growth of the Titanium Dioxide industry.

The Middle East and Africa Titanium Dioxide market have been segmented into the following categories:

On the basis of Grade

• Ilmenite

• Rutile

On the basis of the Application

• Paints and Coatings

• Cosmetic Products

• Paper and Plastics

• Healthcare and Food Industry

• Thin Films

• Construction

More than 75% of the total Titanium Dioxide demand in the Middle East and African region is due to the construction sector. They are heavily used in the paper and plastic industry as well. The Middle East and African coatings market is one of the biggest consumers of Titanium dioxide and accounts for about 20% of the total demand in the region. With advancements in technology, this segment has been growing at a very fast rate.

Geographical overview and regional presence:

Qatar is one of the biggest regional players in the MEA market. This is because of the rapid growth of the construction sector and it also is set to host the 2022 FIFA World Cup which added to the high demand for the titanium dioxide industry.

There are several market players contributing to growth in the Titanium Dioxide Market in recent years, some of the big names among them are:

1. ADCO Global

2. AICELLO Chemical Co.

3. ACE GeoSynthetics

4. Chemours

5. Argex Titanium Inc.

Impact of COVID-19 on the Middle East and African Titanium Oxide Market:

The Middle East and Africa is currently facing an extreme economic slowdown amidst this pandemic and manufacturing sectors which require heavy require lubricants and coatings have gone stagnant. The constant civil war in the region has also made the matter worse.
The Middle East and Africa have become the most affected region by the pandemic and it has affected businesses severely as the cash inflow through investments completely stopped. The coatings and thus in turn Titanium Dioxide industries suffered huge losses and often were required to prove strong liquidity to avoid bankruptcy. The pandemic can bring some changes in the consumer segment of the industry which will eventually affect the demand as industrial coatings and paints are no longer being seen as a top priority.  All in all, the Titanium Dioxide industry is stagnant and the global pandemic has added much to its woes.