Titanium Dioxide Nanomaterials Market

Titanium Dioxide Nanomaterials Market Outlook (2022-2032)

The global titanium dioxide nanomaterials market is projected to surge ahead at a CAGR of 7.7% over the 2022-2032 forecast period. The market is expected to reach a value of around US$ 3.6 billion by 2032, up from US$ 1.71 billion in 2022.

Rutile nanoparticles are widely employed in applications that demand pigmentation in bright white colors. Demand for rutile nanoparticles is expected to rise at a high CAGR over the coming years because these particles have superior and improved absorption properties than the other types.

Report Attributes	Details
Titanium Dioxide Nanomaterials Market Size (2022E)	US$ 1.71 Billion
Forecasted Market Value (2032F)	US$ 3.6 Billion
Global Market Growth Rate (2022-2032)	7.7% CAGR
North America Market Share (2022)	35.7%
Europe Market Share (2022)	26.8%
Key Companies Profiled	Huntsman Corporation Tronox Limited Dupont De Nemours Inc. ACS Material LLC Altair Nanotechnologies Inc. Kronos Worldwide Inc. (Valhi Inc.) Sigma-Aldrich Corporation (Merck KGaA) Xuancheng Jingrui New Material Co. Ltd. SkySpring Nanomaterials Inc. US Research Nanomaterials Inc.

Revenue Analysis of Titanium Dioxide Nanomaterials (2017-2021) Vs. Market Outlook (2022-2032)

“Continuous R&D for Production of Environment-friendly Titanium Dioxide Nanomaterials Driving Market Growth”

According to Fact.MR, a market research and competitive intelligence provider, worldwide demand for titanium dioxide nanomaterials is expected to increase at a high CAGR of 7.7% from 2022 to 2032.

Titanium dioxide nanomaterials are particles of titanium dioxide with diameters less than 100nm. Since their commercial production, titanium dioxide pigments have been showing promising applications in sunscreens, ointments, and paints.

Continued research and development have also led to many potential applications of titanium dioxide nanomaterials in areas including photovoltaic, photocatalysis, electrochromic, and sensors. Further, new physical and chemical properties are known to emerge as the size of the material becomes smaller, which in turn surges the demand for titanium dioxide nanomaterials.

The rising scope of application along with the possibility to help solve many serious environmental pollutions is the key factor driving the global titanium dioxide nanomaterials market. These materials also have many elements' absorbent capacity, which is likely to enhance the growth prospects of the titanium dioxide nanomaterials market.

Significant benefits in products such as sunscreen and moisturizers along with the growing cosmetic industry are expected to favor the titanium dioxide nanomaterials market growth.

What is Complementing Titanium Dioxide Nanomaterials Market Growth?

“Improvements in Nanotechnology and Cost-effective Production Processes Augmenting Market Growth”

With the development of nanotechnology, research on titanium dioxide nanoparticles saw a substantial uptick, and it was discovered that these materials can be produced using a low-cost procedure. Nanomaterials made of titanium dioxide are used in many different industrial fields. They are mostly utilized in paints, photovoltaics, electrochromic, and skin care products.

Moreover, the sales of titanium dioxide nanomaterials have significantly increased with the steady growth in the shipbuilding industry. Titanium dioxide nanomaterials are used in antifouling coatings to enhance the performance and durability of shipping vessels. In addition, titanium dioxide nanomaterial antifouling coatings are also used in floating offshore and fixed oil rigs.

In addition, silver-doped titanium dioxide nanomaterials are extensively used in marine antifouling, especially while exploring underwater sites as they prevent metal hull corrosion. Titanium dioxide nanomaterials as antifouling agents are expected to gain high traction in the coming years owing to their pollutant degrading and self-cleaning properties.

Moreover, titanium dioxide nanomaterials are used as additives that are used to protect surfaces against bacteria and microbial deterioration, and chemical corrosion. Consequently, growing construction and infrastructure activities coupled with the application of titanium dioxide nanomaterials in this sector are expected to boost their sales over the coming years.

Ink manufacturers have been evaluating and reviewing the probable toxic effects of titanium dioxide, the results of which reflected that inks with titanium dioxide nanomaterials are not hazardous to humans.

Thus, increasing proliferation of titanium dioxide nanomaterials in ink production is expected to provide a significant impetus to the global titanium dioxide nanomaterials market.

How are New Companies Making a Space for Themselves in This Industry?

“New Market Entrants Focusing on Technological Innovations for Product Development”

Start-ups are focused on investing in the creation of toxic-free titanium dioxide nanoparticles and the sustainability trend. Emerging companies are using advanced technologies for the development of new products. This is a tactical move used by new entrants to increase their market presence.

• TioTech AS is a Norwegian start-up that produces nanomaterials made of titanium dioxide and works on titania-based technology. For use in quick charging and long-lasting batteries, TioTech is creating the next generation of titania (TiO2) materials. With TitanBTM, a TiO2-based compound, batteries can be charged in arctic temperatures, have their lifetimes extended, and safety concerns are all but eliminated.

Which Region is Most Lucrative for Suppliers of Titanium Dioxide Nanomaterials?

“Rising Demand for Cosmetics Increased Spending on Infrastructure Development Projects Driving Market Growth in North America”

North America accounts for 35.7% share of the global titanium dioxide nanomaterials market owing to the rapidly rising demand for cosmetics. The demand for cosmetics is increasing as per capita disposable income rises. In turn, this is anticipated to stimulate the market for titanium dioxide nanomaterials over the coming years.

The drivers propelling the market expansion in North America are a rise in spending for infrastructure development projects, expanding urbanization, a rising standard of living, a strong automobile industry, and high economic growth.

The rapid expansion of the construction industry and rising initiatives by government organizations for housing projects are driving the market expansion in Asia Pacific. Asia Pacific reflected the high potential for growth of the coatings market owing to the presence of various end-use industries in the region.

Which Application is Likely to Contribute the Most to Titanium Dioxide Nanomaterials Market Growth?

“Growing Usage of Titanium Dioxide Nanomaterials for UV Protection and Sterilizing Objectives in Paints & Coatings”

Based on application, the titanium dioxide nanomaterials market is classified into personal care products, paints and coatings, papers and inks, catalysts, and others.

The use of paints and coatings in the automotive industry is increasing with a growing number of passenger and commercial vehicles, especially across emerging nations. In addition, repainting or recoating has gained sufficient traction owing to vehicle rusting issues in this sector. This is expected to positively influence the use of titanium dioxide nanomaterials as they are widely used in pigments that are applied in coatings and paints.

For UV protection and sterilizing objectives, titanium dioxide nanoparticles are widely employed in paints and coatings. Owing to their strong light scattering and high incident light reflection index, they are largely used as white pigments. This has further increased their application scope across various industries such as plastics, textiles, and paper.

Competitive Landscape

The development of novel goods is receiving more funding from the producers of titanium dioxide nanoparticles. Leading manufacturers are putting their efforts into creating new product features to solve various user issues. The focus of key companies is on creating joint ventures to capture a higher market share in novel applications.

For instance :

• In 2021, DuPont acquired Laird Performance Materials as it became part of the electronics & industrial interconnect solutions business. This acquisition will aid in strengthening the electronics & industrial (E&I) segment of DuPont.

Key Segments in Titanium Dioxide Nanomaterials Industry Research

• by Product Form :

  • Rutile Nanoparticles
  • Anatase Nanoparticles
  • Combination of Rutile & Anatase Nanoparticles
  • Nanowires & Nanotubes
  • Others

• by Application :

  • Personal Care Products
  • Paints & Coatings
  • Paper and Inks
  • Catalysts
  • Others

• by Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa