Global Titanium Dioxide Nanoparticles Market Insights
The global titanium dioxide nanoparticles market has witnessed a steady growth at a CAGR of 5.0% over the past half-decade. However, due to the ongoing outbreak of the COVID-19, the market has observed a sharp downturn in demand for the fiscal year 2020. Post this timeframe, with the resurrection in global demand, the titanium dioxide nanoparticles market is forecast to witness an upswing at a CAGR of 6.2% during the forecast period (2020-2030). Drastic shift in demand curve of titanium dioxide nanoparticles is attributed to the rise of MLCC (Multilayer Ceramic capacitors) which is extensively used in electronic devices such as television, mobile phones and others. Apart from electrical and electronics application, titanium dioxide nanoparticles comes into play in improving whitening and brightening properties of personal care products. Moreover, titanium dioxide nanoparticles are used in manufacturing SCR (Selective Catalytic Reduction) catalyst which add to the market growth.
Global Titanium Dioxide Nanoparticles Market Analysis by Crystal Structure
Anatase titanium dioxide nanoparticles are extracted in yellow and colorless forms. It has distinct property of reacting under light, which is not usually preferred by the cosmetics manufacturer. On the other hand, rutile is highly preferred owing to significant properties such as higher birefringence, greater dispersion and refractive index. Rutile form is also used in manufacturing of paints, plastics and paper. This form accounts for more than quarter of the global titanium dioxide nanoparticles demand.
Demand of titanium dioxide nanoparticles is gaining a boost from the rise in demand for electronics and electrical equipment. Anatase crystal structure in particular is widely used in MLCC manufacturing which is further utilized in semiconductor application. However, the electrical and electronics industry has contracted owing to the ripple effects of the COVID-19 pandemic which has negatively impacted the titanium dioxide nanoparticles market. In addition, the pandemic has provided a cascade effect which has directly affected various macroeconomic factors such as household spending, the consumption rate, and the global output rate.These factors will tend to squeeze the market till 1st quarter of 2022 and recover completely by 2nd quarter of 2023.
Global Titanium Dioxide Nanoparticles Market: Application Insights
Titanium dioxide nanoparticles has been extensively consumed in personal care and electrical & electronics industries, which together account for more than 60% of the global market revenue. These nanoparticles are consumed in significant amounts in these industries for their provision of enhanced whitening & brightening and chemical stability properties. Moreover, titanium dioxide nanoparticles are used in manufacturing of catalyst. Periodical demand is observed from catalyst application while recurring demand is observed from the aforementioned industries.
Global Titanium Dioxide Nanoparticles Market Regional Insights
East Asia accounted for the largest market share in 2020. This trend is anticipated to continue throughout the forecast period. Currently, East Asia accounts for more than one fourth of the titanium dioxide nanoparticles demand. Consumption of titanium dioxide nanoparticles in East Asia is mainly backed by increasing demand from cosmetic manufacturers.
Historical growth of the East Asia’s market is attributed to increasing consumption of titanium dioxide nanoparticles in electrical & electronics and personal care products. Followed by East Asia, South Asia & Oceania’s market registered a CAGR of 6% during the historical period, owing to the rise in production of cosmetic and electronic products in the region.
However, the COVID-19 pandemic has contracted demand in 2020, thus affecting the production of titanium dioxide nanoparticles. This trend is anticipated to continue for more than 15 months. By the 1st quarter of 2022, the market is set to recover its pace. The market will gain momentum once the manufacturing sites such as cosmetic and electrical and electronics industries operate at maximum capacity.
Global Titanium Dioxide Nanoparticles Market Players: Key Strategies
The global titanium dioxide nanoparticles market is fairly fragmented in nature. Evonik, Ishihara Sangyo Kaisha, and Showa Denko are among the Tier 1 players. Collectively, they are anticipated to account for more than 50% of the global market share in 2020. Key manufacturers are observed to be involved in material research, manufacturing technological automation, and productivity enhancement. Prominent manufacturers have also showcased their organic & aggressive growth strategies. For instance, in November 2018, Showa Denko K completed its expansion of the capacity to produce titanium oxide nanoparticles to cater to rapidly increasing demand for varieties of capacitors, especially MLCCs.
COVID-19 Impact Analysis
The coronavirus pandemic has brought the whole world to a standstill. Business activities have registered a downturn in the form of dwindling sales due to reduced production and demand. The same is true for the titanium dioxide nanoparticles market. One of the prominent end uses of titanium dioxide nanoparticles is in the cosmetic industry. The ongoing pandemic has led to a decline in all industrial activities, in the wake of disrupted supply chains. Extended lockdowns in different countries have nullified the production of titanium dioxide nanoparticles for the past month, as key manufacturing units and factories are shut. Following the COVID-19-induced lockdown, it will take at least a couple of months to restore production to normal. Thus, contracting demand from allied industries in second quarter of 2020 will have prolonged effects on the global titanium dioxide nanoparticles market.
Analysts’ Viewpoint
“Organic strategies adopted by manufacturers with growing demand for titanium dioxide nanoparticles in electrical and electronics industry portray an image of the greater market potential”.
About the Report
Fact.MR published an exclusive forecast report for titanium dioxide nanoparticles market between 2020 and 2030. The foremost objective of this report on titanium dioxide nanoparticles market is to pitch spearhead insights on market scenario, demand generators and technological advancements in the titanium dioxide nanoparticles market. Also, the study on titanium dioxide nanoparticles market addresses key dynamics, which are expected to diversify the sales and future prominence of titanium dioxide nanoparticles market.
The report on titanium dioxide nanoparticles market begins with an executive overview in which product definition has been provided. The report further proceeds with taxonomy of the titanium dioxide nanoparticles market elaborating on the key segments. Also, the report outlines visionary insights on dynamics of the titanium dioxide nanoparticles market including drivers, restraints, opportunities and trends and pricing analysis along with the key buying factors for titanium dioxide nanoparticles. Supply chain analysis and pricing analysis of the titanium dioxide nanoparticles market along with the difference between titanium dioxide nanoparticles used as per applications have also been included in the report to help the readers clearly understand the product framework map in the titanium dioxide nanoparticles market.
Titanium Dioxide Nanoparticles Market- Scope of the Report
The recent study by Fact.MR on the titanium dioxide nanoparticles market offers a 10-year forecast for the period of 2020-2030. The study analyzes crucial trends that are currently determining the growth of the titanium dioxide nanoparticles market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players new entrants associated with the manufacturing of titanium dioxide nanoparticles. The study also provides dynamics that are responsible for influencing the future status of the titanium dioxide nanoparticles market over the forecast period.
A detailed assessment of titanium dioxide nanoparticles value chain, business execution, and supply chain across the regional markets has been covered in the report. A list of prominent companies operating in the titanium dioxide nanoparticles market along with their product portfolio enhances the reliability of this comprehensive research study.
Titanium Dioxide Nanoparticles Market: Report Summary
The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in the titanium dioxide nanoparticles market across the globe.
A comprehensive estimate on titanium dioxide nanoparticles market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of titanium dioxide nanoparticles during the forecast period. Price point comparison by region with global average price is also considered in the study.
Titanium Dioxide Nanoparticles Market: Segmentation
Fact.MR has studied the titanium dioxide nanoparticles market with detailed segmentation on the basis of type, crystal structure, application, and key regions.
|
Type |
Crystal Structure |
Application |
Regions |
|
Coated and Metal Doped Nanoparticles |
Rutile |
Personal Care Products |
North America |
|
Nonmetal doped Nanoparticles |
Anatase |
Catalyst |
Latin America |
|
|
Combination of Rutile & Anatase |
Paints & Coatings |
Europe |
|
|
|
Electrical & Electronics |
East Asia |
|
|
|
Others |
South Asia & Oceania |
|
|
|
|
Middle East & Africa |
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
Titanium Dioxide Nanoparticles Market: Size Evaluation
The titanium dioxide nanoparticles market has been analyzed for each market segment, in terms of volume (Kilo tons) and value (US$ Mn).
Market estimates at global and regional levels for titanium dioxide nanoparticles is available in terms of “US$ Mn” for value and in “Kilo tons” for volume. A Y-o-Y growth contrast on prominent titanium dioxide nanoparticles market segments, along with market attractiveness evaluation has been incorporated in the report. Furthermore, the absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering sales and distribution perspective in the global titanium dioxide nanoparticles market.
Titanium Dioxide Nanoparticles Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the titanium dioxide nanoparticles market report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (political economic, and business environment outlook), which are expected to have a momentous influence on the growth of the titanium dioxide nanoparticles market during the forecast period.
Country-specific valuation on demand for titanium dioxide nanoparticles has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
Titanium Dioxide Nanoparticles Market: In-Depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of titanium dioxide nanoparticles along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the production of the titanium dioxide nanoparticles, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in the titanium dioxide nanoparticles market. Prominent companies operating in the global titanium dioxide nanoparticles market include Showa Denko K.K, Ishihara Sangyo Kaisha, Evonik Industries, Taekyung, Sukgyung, Sakai Chemical Industry, Titan Kogyo, Kobo Products, American Elements, Croda, and others.
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Titanium Dioxide Nanoparticles Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030