The market size for pigments and preparations based on titanium dioxide, containing more than 80% by weight in Portugal, stood at 58.437 million Euros in 2023. Year-on-year, this represented a marginal increase of 1.35% from 2022. Analyzing the past five years, the compound annual growth rate (CAGR) was 0.95%. Notably, after a significant drop in 2015 and a rebound in 2017, the market saw some volatility, with notable growth in 2020.
Future trends to watch for include advancements in environmentally sustainable production, regulatory changes impacting demand, and potential shifts in building and construction industries that heavily utilize titanium dioxide pigments. These factors could significantly influence the market trajectory moving forward.
