Over the projection period of 2022–2032, the global titanium dioxide nanomaterials market is expected to grow at a CAGR of 7.7%. The market is anticipated to increase from US$ 1.71 billion in 2022 to a value of around US$ 3.6 billion by 2032.
Rutile nanoparticles are frequently used in applications that call for dazzling white colouring. Due to its superior and increased absorption capabilities compared to other varieties, rutile nanoparticle demand is anticipated to grow at a high CAGR during the upcoming years.
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Market Frontrunners
- 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.
Key Takeways From Market Study Report –
• North America accounts for 35.7% share of the global titanium dioxide nanomaterials market owing to the rapidly rising demand for cosmetics.
• The rapid expansion of the construction industry and rising initiatives by government organizations for housing projects are driving the market expansion in Asia Pacific.
• 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.
Market Development –
“New Market Entrants Focusing on Technological Innovations for Product Development, Improvements in Nanotechnology and Cost-effective Production Processes Augmenting Market Growth”
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.
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.
Industry Research
• by Product Form :
o Rutile Nanoparticles
o Anatase Nanoparticles
o Combination of Rutile & Anatase Nanoparticles
o Nanowires & Nanotubes
o Others
• by Application :
o Personal Care Products
o Paints & Coatings
o Paper and Inks
o Catalysts
o Others
• by Region :
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa
Key Questions Answered in This Report
• How has the global titanium dioxide nanomaterials market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global titanium dioxide nanomaterials market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global titanium dioxide nanomaterials market and who are the key players?
• What is the degree of competition in the industry?
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