According to a new market report published by Lucintel, the future of the global titanium dioxide market looks promising with opportunities in paint and coatings, plastics, paper, and other sectors. The global titanium dioxide market is expected to reach an estimated $18.2 billion by 2021 and is forecast to grow at a CAGR of 3.4% from 2016 to 2021. The major growth drivers for this market are growing demand for titanium dioxide in end use industries like paint and coatings, plastics, and others. Technological innovations aimed at improving manufacturing processes to increase product yield with higher quality is expected to have a positive impact on the titanium dioxide pigment market.