Titanium Dioxide Nanoparticles Market

SCR Catalysts Demand to Drive Titanium Dioxide Nanoparticles Market

The global titanium dioxide nanoparticles market is valued to be US$ 242.2 million in 2023 and it is anticipated to grow at a CAGR of 6.2% to reach US$ 442.0 million by the end of 2033.

Titanium dioxide nanoparticles are extensively used in the manufacturing of personal care products owing to their UV sunscreen protection, whitening, and brightening properties. Moreover, it's used in the electrical and electronics industry to manufacture essential electrical components such as MLCCs, dye-synthesized solar cells other electronic components. Furthermore, nano-titanium dioxide utilization is a key component in manufacturing SCR catalysts.

Report Attributes	Details
Titanium Dioxide Nanoparticles Market Size (2022A)	US$ 228.8 Million
Estimated Market Value (2023E)	US$ 242.2 Million
Forecasted Market Value (2033F)	US$ 442.0 Million
Global Market Growth Rate (2023-2033)	6.2% CAGR
Europe Market Share (2023)	23.4%
China Market Growth Rate (2023-2033)	7.7% CAGR
Key Companies Profiled	The Chemours Company Tronox Holding PLC Kronos Worldwide Inc INEOS American Elements Evonik Industries AG

Historic and Future Pathway Analysis for the Titanium Dioxide Nanoparticles Market

Significant properties of titanium dioxide nanoparticles such as providing the ceramic carrier-like property have extensive applications as catalysts such as selective catalyst reduction catalysts (SCR catalysts) for enhanced selective NOx reduction coupled with the usage of ammonia or urea. Thus increase in the requisite of nano-TiO2 in this arena of catalysis is growing with the increase in its usage in chemical industries for NOx reduction. This, in turn, fuels the demand for nono-TiO2.

Further, the demand across beauty and personal care sectors coupled with efforts by market players to gain high-profit margins are likely to drive the products’ demand during the forecast period.

• Short Term (2023-2026): Multilayer ceramic capacitors are being widely mounted in LED panels, and mobile phones consist of a key ingredient called BaTiO3 (barium titanate). BaTiO3 is manufactured utilizing titanium dioxide nanoparticles. BaTiO3 is used to enable high capacitance in small devices, and dielectrics/insulator is constructed in multi-layer formation with each layer of 1 μm thickness. Thus growing demand for MLCCs is set to boost the demand for nano-TiO2.
• Medium Term (2026-2029): The paints and coatings industry is growing at a much faster rate owing to the increase in demand from building and construction to automotive. An increase in sales of paints and coatings portrays a clear picture of nano-TiO2 market growth. Hence, the flourishing paints and coatings industry is likely to fuel the titanium dioxide nanoparticles market growth during the projection period.
• Long Term (2029-2033): The growth of the players has shown an upward trend. The companies have witnessed production in countries like China and Japan. The prominent players have been leveraging manufacturing owing to the economies of density and ease of availability of raw materials. Such efforts by market players to remain competitive in the market bolster sales growth.

On the back of the aforementioned facts, the market is anticipated to grow at a CAGR of 6.2% during the forecast period from 2023-2033, According to the Fact.MR, a market research and competitive intelligence provider.

“Growing Chemical Industry Set to Drive the Nano-TiO2 Market”

Since the past half-decade, TiO2 has captured the attention of many application-based industries. It has also found immense applications in the chemical industry, especially as a photo-catalyst in water treatment and air deodorizers. It is also used as an effective catalyst in formulating self-cleaning construction materials and paints. Moreover, it is used as a heat stabilizer for silicone vulcanizate.

Increased requisite of nano-Tio2 is also observed in the cathode coating of Li-Ion batteries, which helps increase the performance and life of the battery. Furthermore, nano-TiO2 is an integral part of the SCR (Selective Catalytic Reduction) catalyst.

Utilization of nano-TiO2 provides enhanced surface area for optimum reaction and reduces the cost of catalyst reactivation in the long run. Thus, reducing the cost of operating the SCR (Selective Catalytic Reduction) is set to give thrust to the nano-TiO2 market.

The growing chemical industry and exploring applications of nano-TiO2 in the industry are set to boost the nano-TiO2 market. Increased production of Titanium in China portrays an image of growing demand for nano-TiO2 across the domains.

“Multi-Layer Ceramic Capacitors (MLCCs) Provide Thrust to the TiO2 market”

Multi-Layer Ceramic Capacitors or MLCCs are surface-mounted devices used in a wide range of capacitance. TiO2 is an integral compound used in producing MLCCs. MLCCs are facing a shortage in the market in recent times owing to the increase in demand from the smartphones, portable computing, and automotive industries.

The count of MLCCs installed in mobile phones increased from 500 to 1000 in the past half-decade. Electric vehicles are also adding to the shortage of MLCCs in the market. These shortages portray an image of the growing demand for nano-TiO2 from the electrical and electronics industry.

Moreover, the increased nano-TiO2 cost is another factor, which is fading the existence of the low-tier MLCC manufacturers. The increase in demand for MLCCs is set to increase further in the forecast period and the supportive trade winds are also attracting new nano-TiO2 entrants dealing with the demand from MLCCs. Therefore, a bunch of economic factors, which portray growing demand for MLCCs, are set to provide thrust to the TiO2 market.

“New Entrants in the Nano-TiO2 Market Face Challenges Due to High Production Cost”

The rising production cost owing to the rise in TiO2 prices post the U.S. and China trade war, is set to provide a backlash for newcomers in the nano-TiO2 market. High product costs provide a barrier for new entrants in the market.

The rising prices of TiO2 on the other hand allow newcomers to sustain the price-taking market of TiO2. Moreover, newcomers’ inexperience in the nano-TiO2 market provides it to be unattractive.

Demand contraction of TiO2 across the domains has provided a negative offset to players planning to enter the market. Entering the contract supply of TiO2 to major industries and gaining confidence in the strong market with soft prices could incur losses in the short run. Moreover, maintaining the supply ability of TiO2 amidst the rising prices of raw materials could negatively affect the nano-TiO2 stakeholders.

Country-wise Insights

What are the Factors Driving TiO2 Nanoparticles Demand Across the USA?

The United States has strong environmental regulations under the Environmental Protection Act, which controls the release of Nox compounds into the atmosphere. Thus increase in the utilization of SCR catalysts is observed in North America.

In addition, the presence of key personal care product manufacturers has driven the consumption of nano-titanium dioxide during the historical period. North America is one of the key manufacturers of Titanium dioxide with most of the key players situated in the United States such as Venator and Chemours.

Further, the growing construction sector across the USA drives the demand for titanium dioxide nanoparticles.

Why is the India TiO2 Nanoparticles Market Expected to Be Highly Lucrative?

The flourishing construction sector across India thrives in the demand for the titanium dioxide nanoparticles market.

For instance, the Indian market for real estate will increase from US$ 9.3 billion in 2019 to $1.7 billion in 2040. India's real estate market is projected to grow to US$ 1 trillion by 2030 from US$ 200 billion in 2021 and to contribute 13% of the nation's GDP by 2025.

Hospitality, commercial, and retail real estate are also expanding greatly, delivering the much-needed infrastructure for India's multiplying requirements. Titanium dioxide nanoparticles are used as an additive in construction materials such as cement. Hence, pullulating the construction industry to drive the titanium dioxide nanoparticles market growth.

Category-wise Insights

Which Type is Witnessing High Demand in the Market?

Coated and the metal-doped segment is anticipated to account for a major market share in 2023, with a growth rate of 6.3% during the forecast period from 2023-2033. Doping of the titanium dioxide nanoparticles provides enhanced properties such as anti-bacterial and surface area suitable for reaction. The antibacterial property of doping is mainly used for paints.

Metals doped such as silver, Zinc, and others provide extra surface area to the nanoparticles and enhance the reaction time on the surface. Moreover, Metal doping is done is to manipulate or change the optical, electrical, and chemical properties. Coated and metal-doped nanoparticles are used to enhance the photocatalytic application.

Which Crystal Structure is Gaining Traction?

A combination of rutile and anatase is anticipated to account for a major share of the market in 2023. In 2022, the combination of the rutile and anatase segment has valued at US$ 86.9 million and is estimated to grow at a CAGR of 6.6% during the forecast period from 2023-2033.

Most compositions appear to use a combination of rutile and anatase forms. Anatase particles are used as UV sunscreen ingredients and surface treatment of the nano-sized particles is commonly applied to prevent the production of harmful products. Examples of these surface treatments include particle coating and doping of nanoparticles with metals and nonmetals.

Eminent Player’s Key Stratagems

Eminent TiO2 nanoparticles manufacturers are The Chemours Company, Tronox Holding PLC, Lomon Billions Group, and Venator Materials PLC.

Market players are targeting to deal with the growing orders of Nano-TiO2 from across the regions. Companies are looking for increasing their operating rate to deal with the marginally added orders every quarter. Players are being forced to withdraw some of the orders from various industries such as electrics and electronics has created a huge deficit of MLCCs in the market. Thus, players are looking over this opportunity to ramp up their nano-Titanium-dioxide production.

Further, key stakeholders in the market have been channeling most of their nano-TiO2 to the MLCC and UV sunscreen product manufacturers. Showa Denko channels most of the nano-TiO2 produced to one of the key MLCC manufacturers in Japan, Murata manufacturing.

Fact.MR has provided detailed information about the price points of key manufacturers of TiO2 nanoparticles positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of TiO2 Nanoparticles Industry Research

• By Type :

  • Coated and Metal Doped
  • Nonmetal Doped

• By Crystal Structure :

  • Rutile
  • Anatase
  • Combination of Rutile & Anatase

• By Application :

  • Personal Care Products
  • Catalyst
  • Paints & Coatings
  • Electrical & Electronics
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA