The titanium dioxide nanomaterials market size was valued at USD 211.1 million in 2020 and is anticipated to expand at a significant CAGR during the forecast period 2021–2028. Growth of the market is attributed to growing requirement for lightweight automotive components, significant growth in cosmetic sector across globe, and technological advancement in titanium dioxide.
Titanium dioxide nanomaterial refers to the elements of titanium dioxide with dimensions between 1 and 100 nanometers. Generally used nanomaterials include anatase, rutile, and combination nanomaterials. They are commonly used in manufacturing of cosmetics and household products, photovoltaic, and photocatalyst & electrochromic sensors. Titanium dioxide are also used as a whitening agent, dispersing agent, and flocculent in surface plastics and coatings for improved production and performance of visually appealing surfaces.
The Covid-19 pandemic affected the demand and supply of titanium dioxide nanomaterials market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for titanium dioxide in paint and coating industry is projected to boost the market.
- Rapid expansion of construction industry is the major factor fueling the market.
- High cost of titanium dioxide nanomaterials products is projected to restrict the market expansion during the forecast period.
- Increasing restriction on titanium dioxide nanoparticles regarding safety issue is anticipated to hamper the market growth in the coming years.
- R&D investment and technological advancement in the market is projected to offer lucrative opportunities for the market players.
Scope of Titanium Dioxide Nanomaterials Market Report
The report on the titanium dioxide nanomaterials market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Titanium Dioxide Nanomaterials Market–Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018-2019
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Forecast Period
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2021-2028
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Segmentation
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Types [Combination of Rutile and Anatase Nanoparticles, Anatase Nanoparticles, Rutile Nanoparticles, Nanowires and Nanotubes, and Other Types], Applications [Paints and Coatings, Catalysts, Paper and Ink, Personal Care Products, and Other Applications]
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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Xuancheng Jinguri New Material, Tronox, Shanghai Xiaoxiang Chemicals Co., Cristal, Altair Nanomaterials, American Elements, ACS Material, MkNano, Sigma Aldrich Corporation, US Research Nanomaterials, Tayca Corporation, Croda International Plc., Nano-oxides, Inc., Huntsman International LLC, and C-Bond Systems, Inc.
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Titanium Dioxide Nanomaterials Market Segment Insights
The paints and coatings segment accounts for a key share of the market
Based on applications, the titanium dioxide nanomaterials market is divided into paints and coatings, catalysts, paper and ink, personal care products, and other applications. The paints and coatings segment accounts for a key share of the market. Growth of the market is attributed to rapid industrialization and increasing investment in research and development. The personal care products segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing per capita income and growth of automotive sector around globe.
The combination of rutile and anatase nanoparticles segment is estimated to expand at a rapid pace during the forecast period
On the basis of types, the titanium dioxide nanomaterials market is segmented into combination of rutile and anatase nanoparticles, anatase nanoparticles, rutile nanoparticles, nanowires and nanotubes, and other types. The combination of rutile and anatase nanoparticles segment is projected to expand at a rapid pace during the forecast period. The anatase nanoparticle suspension is used to make a self-cleaning coating colloidal combination using a soft chemical procedure, which permits the manufacturing of transparent and highly photocatalytic ally active coatings.
The market in Asia Pacific is estimated to hold key market share
On the basis of region, the titanium dioxide nanomaterials market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at a high CAGR during the forecast period due to increasing demand for nano titanium dioxide from biomedical sector, growing penetration of UV-filters in personal care products, and increasing trend towards environmental sustainability. The market of Asia Pacific is estimated to hold a key market share due to increasing use of nanomaterials in healthcare sector, growing number of skin cancer patients, and increasing titanium dioxide mining activities across regions.
Segments
The titanium dioxide nanomaterials market has been segmented on the basis of
Types
- Combination of Rutile and Anatase Nanoparticles
- Anatase Nanoparticles
- Rutile Nanoparticles
- Nanowires and Nanotubes
- Other Types
Applications
- Paints and Coatings
- Catalysts
- Paper and Ink
- Personal Care Products
- Other Applications
End-users
- Industrial
- Residential
- Commercial
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Xuancheng Jinguri New Material
- Tronox
- Shanghai Xiaoxiang Chemicals Co.
- Cristal
- Altair Nanomaterials
- American Elements
- ACS Material
- MkNano
- Sigma Aldrich Corporation
- US Research Nanomaterials
- Tayca Corporation
- Croda International Plc.
- Nano-oxides, Inc.
- Huntsman International LLC
- C-Bond Systems, Inc.
Competitive Landscape
Key players competing in the titanium dioxide nanomaterials market include Xuancheng Jinguri New Material, Tronox, Shanghai Xiaoxiang Chemicals Co., Cristal, Altair Nanomaterials, American Elements, ACS Material, MkNano, Sigma Aldrich Corporation, US Research Nanomaterials, Tayca Corporation, Croda International Plc., Nano-oxides, Inc., Huntsman International LLC, and C-Bond Systems, Inc.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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