The Swedish market for pigments and preparations primarily based on Titanium Dioxide, containing over 80% TiO2 by weight, stood at €96.319 million in 2023. Analyzing trends from 2013 to 2023, the market experienced fluctuations, with significant increases in 2016 and 2017, followed by a declining phase through 2020 and 2021. More recently, there has been a modest recovery from 2022 onwards. The five-year Compound Annual Growth Rate (CAGR) to 2023 settled at -3.38%, indicating a gradual market contraction over this period.
Future trends to watch for:
- Adaptation to environmental regulations and sustainable practices could influence market dynamics.
- Technological advancements in coatings and demanding sectors might drive growth.
- Fluctuations in titanium dioxide pricing and supply chain resilience are key factors impacting market stability.
