Nanoparticle Titanium Dioxide Market Research - 2030
The global nanoparticle titanium dioxide market was valued at $9.7 billion in 2020, and is projected to reach $17.3 billion by 2030, growing at a CAGR of 6.1% from 2021 to 2030.
Nanoparticle titanium dioxide can be defined as the material manufactured or engineered to have specific properties and have dimensions between 1 and 100 nanometers. It is also known by the name flamenco, rutile, as well as dioxotitanium. They are mostly used in cosmetics (sunscreens), household products, surface coatings, and plastics.
Nanoparticle Titanium Dioxide Market Size, Share and Forecast 2030
The global nanoparticle titanium dioxide market is primarily driven by surge in demand from plastic, cement, pigments, paints & coatings, and cosmetics. Rapid industrialization and urbanization across developing economies, such as China and India, led to surge in demand for new homes for accommodation of growing population in both urban and rural areas. As a result, the building & construction industry has been growing significantly in recent years, which led to surge in demand and production of cement across these countries. Nanoparticle titanium dioxide is primarily used as additive in the cement industry to enhance strength, durability and mechanical properties of cement. Attributed to surge in demand and production of cement, demand for nanoparticle titanium dioxide is expected to rise from cement manufacturers during the forecast period. In addition, apart from the growing construction industry, automotive and furniture industries across developing countries, such as Brazil, China, and India, lead to surge in demand for paints & coatings. Surge in disposable income of individuals across these countries lead to high demand for automobiles and furniture. As a result, growing demand for paints & coatings from automobile and manufacturers has led to increase in production of paints & coatings, which is expected to escalate the demand of nanoparticle titanium dioxide in the future.
Furthermore, growing skin care awareness among consumers in developed and developing regions from ultraviolet (UV) radiation drive demand for cosmetics such as sunscreens. Sunscreens contain several chemicals designed to protect skin from harmful UV rays and nano titanium dioxide is one of the most important and effective substances used in sunscreens that helps to absorb UV radiation to protect the skin. Furthermore, growing sunburns and skin cancer cases in North America and Europe also drive demand for sunscreens containing nano titanium oxides. Nanoparticles of titanium dioxide used in sunscreens remain on the outer layer of skin and are not absorbed into the skin or sub dermal tissues when applied as a cream. For instance, according to the Skin Cancer Foundation report, in the U.S., it is estimated that melanoma cases diagnosed increased by almost 2.0% in 2020. Whereas, according to the UK study, it was found that about 86.0% of melanomas can be attributed to exposure to ultraviolet (UV) radiation from sun. This growth in melanoma is projected to drive growth of nanoparticle titanium dioxide market during the forecast period.
However, toxicity at higher concentration and adverse effects of nanoparticle titanium dioxide on marine life and environment are expected to hamper growth of the nanoparticle titanium dioxide market during the forecast period. Furthermore, expanding paints & coatings, pigments, and cosmetic market and increasing disposable income in emerging economies is expected to provide growth opportunities for the nanoparticle titanium dioxide industry during the forecast period.
The global nanoparticle titanium dioxide market size is segmented on the basis of type, application, and region. By type, it is segmented into rutile and anatase. By application, it is divided into paints & coatings, pigments, cosmetics, plastics, energy, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major key players operating in the global nanoparticle titanium dioxide market report include BASF SE, Cabot Corporation, Cinkarna Celje d.d., Croda International Plc, Evonik Industries AG, Kronos Worldwide, Inc., Tayca Corporation, The Chemours Company, Tronox Holdings Plc, and Venator Materials Plc. Other players operating in this market include Nano-Oxides, Inc., NanoScale Corporation and C-Bond Systems, Inc. These major key players adopted strategies such as product launch and acquisition to stay competitive in the global nanoparticle titanium dioxide industry.
Global nanoparticle titanium dioxide market, By Region
Asia-Pacific accounted for the major market share in 2020, owing to surge in government spending on infrastructure development and rapid industrialization in countries such as China and India. This led to increase in demand for nanoparticle titanium dioxide in the region. The Asia-Pacific nanoparticle titanium dioxide market is driven by rise in need for nanoparticle titanium dioxide in various end-user industries, including plastics, cement, cosmetics, paints, and coatings as nanoparticle titanium dioxide is used as additive for the production of end product. In addition, the growing construction industry across the region, owing to government-initiated housing projects, such as “Housing for All” for poor people living in urban and rural areas and “Smart City Project” to provide smart homes with modern amenities, are expected to create high demand for cement, paints, and coatings, which is anticipated to surge demand for nanoparticle titanium dioxide from cement manufacturers and propel growth of the nanoparticle titanium dioxide market in Asia-Pacific. Furthermore, Asia-Pacific is the leading region in the global market for cosmetic products. Consumers in this region are more focused on products that cater to skin care regimens such as sunscreen lotions. Owing to factors such as increased sale of cosmetics products and rise in customer purchasing capacity, the demand for nanoparticles titanium dioxide from cosmetic manufacturers is anticipated to surge during the forecast period.
By Region
Asia-Pacific would exhibit an CAGR of 6.6% during 2021-2030
Global nanoparticle titanium dioxide market, by type
The rutile segment accounted for the major market share in 2020, owing to surge in its demand from end-use industries such as plastic and paints & coatings due to its properties such as greater dispersion, higher birefringence, and greater refractive index (RI) at visible wavelengths. In addition, nanoparticle of rutile titanium dioxide has the ability to absorb UV rays and are transparent to visible light. Hence, owing to these factors, this it is widely used in manufacturing of cosmetics.
By Type
Rutile is projected as the most lucrative segment.
Global nanoparticle titanium dioxide market, By Application
The paints and coatings industry accounted for the major nanoparticle titanium dioxide market share in 2020, owing to rapid industrialization and urbanization across developing economies, such as China and India, which led to surge in demand for new homes for accommodation of growing population in both urban and rural areas. As a result, the building & construction industry has been growing significantly in recent years, which led to surge in demand and production of paints and coatings for newly constructed houses and buildings across these countries. This is expected to surge the demand of nanoparticle titanium dioxide from paints and coatings manufacturers, which is expected to drive the growth of nanoparticles titanium dioxide market in coming years. In addition, apart from the growing construction industry, automotive and furniture industries across developing countries, such as Brazil, China, and India, are expected to propel the demand for paints & coatings. Moreover, surge in disposable income of individuals across these countries would lead to high demand for automobiles and furniture. As a result, demand for paints & coatings from automobile and manufacturers is expected to propel growth of the market.
By Application
Paints & Coatings is projected as the most lucrative segment.
Key benefits for stakeholders
- The global nanoparticle titanium dioxide market analysis covers in-depth information of major industry participants.
- Porter’s five forces analysis help analyze potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries have been mapped according to their individual revenue contribution to the regional market.
- The report provides in-depth analysis of the global nanoparticle titanium dioxide market forecast for the period 2021–2030.
- The report outlines the current global nanoparticle titanium dioxide market trends and future scenario of the global nanoparticle titanium dioxide market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- Key drivers, restraints, & opportunities and their detailed impact analysis are explained in the global nanoparticle titanium dioxide market study.
Key market segments
By Types
- Rutile
- Anatase
- Combination of Rutile & Anatase
By Application
- Paints & Coatings
- Pigments
- Cosmetics
- Plastics
- Energy
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Nanoparticle Titanium Dioxide Market Report Highlights
| Aspects | Details |
 By TYPE |
|
 By APPLICATION |
|
 By Region |
|
 Key Market Players | VENATOR MATERIALS PLC, CABOT CORPORATION, CINKARNA CELJE D.D., KRONOS WORLDWIDE, INC., EVONIK INDUSTRIES AG, TRONOX HOLDINGS PLC, TAYCA CORPORATION, BASF SE, CRODA INTERNATIONAL PLC, THE CHEMOURS COMPANY |
Analyst Review
According to the analyst, rise in investments toward research and development, growth in penetration of nanoparticle titanium dioxide in various application industries, and excellent physio-chemical properties of nanoparticle titanium dioxide drive its demand in various applications. Nanoparticle titanium dioxides are usually added in small quantities to improve performance of end products. Currently, paints & coatings, pigments, and cosmetics are the major application markets for nanoparticle titanium dioxides. According to the analyst, demand for nanoparticle titanium dioxide is witnessing significant growth in all major regions, owing to its significant physio-chemical properties and opportunities that they are creating for players in the industry.
However, toxicity at higher concentration and adverse effect of nanoparticle titanium dioxide on marine life and environment are expected to hamper growth of the nanoparticle titanium dioxide market during the forecast period.
Surge in demand of nanoparticle titanium dioxide from paints & coatings to be used as additive is the key factors boosting the nanoparticle titanium dioxide market growth. In addition, growing usage of nanoparticle titanium dioxide as UV filter in cosmetics industry is likely to drive the growth of the market during the forecast period.
The global nanoparticle titanium dioxide market was valued at $9.7 billion in 2020, and is projected to reach $17.3 billion by 2030, growing at a CAGR of 6.1% from 2021 to 2030.
BASF SE, Cabot Corporation, Cinkarna Celje d.d., Croda International Plc, DuPont, Evonik Industries AG, Kronos Worldwide, Inc., Tayca Corporation, The Chemours Company, Tronox Inc., and Venator Materials Plc are the most established players of the global nanoparticle titanium dioxide market.
Paints & coatings industry is projected to increase the demand for nanoparticle titanium dioxide market
Type and application segments are covered in nanoparticle titanium dioxide market report.
Growing awareness about the effects of UV rays among consumers, approval from regulatory bodies, increase in demand for passive protective coatings, and trend towards environmental sustainability are the main driver of nanoparticle titanium dioxide market.
Pigments applications are expected to drive the adoption of nanoparticle titanium dioxide.
Nanoparticle titanium dioxide is widely used as additive for the manufacturing of final prodduct across various industries such as cement, plastic, paints & coatings and so on. Due to outbreak of Covid-19 government of various countries have imposed the lockdown to contain the effect the spread corona virus. Owing to this industries such cement, plastic, paints & coatings have halted their production activities which resulted in downfall in demand for nanoparticle titanium dioxide. This trend is likely to continue in coming few years owing to the lockdowns to be imposed by the governments at specific time interval due to emerging Covid-19 waves.
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