Titanium Dioxide Nanoparticles Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030

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 1^st quarter of 2022 and recover completely by 2^nd 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.

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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, theyare 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.

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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.