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Titanium Dioxide Nanomaterials Market Analysis

  • Report ID: GMI7091
  • Published Date: Oct 2023
  • Report Format: PDF

Titanium Dioxide Nanomaterials Market Analysis

Titanium Dioxide Nanomaterials Market Size, By Grade, 2021 - 2032 (USD Billion)

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Based on grade, the market is segmented as rutile, and anatase. Rutile held a majority market value of USD 19.7 billion in 2022. In the market, demand for rutile or high-grade titanium dioxide has been on the rise due to its better optical features. This product finds wide application in various good coating, plastics and makeup products. The growing demand for paint and coating especially in the construction and motor vehicle industry act as a catalyst in the market. Besides this, the cosmetics industry is also growing fast, its rising star augurs well for rutile potential market.

 

Titanium Dioxide Nanomaterials Market Revenue Share, By Process, (2024)

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Based on process, the market is segmented as chloride, and sulfate. Chloride segment held a dominant market share of around 90% in 2022. Chloride and sulfate synthesis routes are gaining traction due to their cost-effectiveness and potential for large-scale production. While chloride remains dominant, sulfate is emerging as an eco-friendly alternative. Stringent environmental regulations are propelling sulfate-based processes, ensuring a sustainable approach, while chloride-based methods continue to thrive, balancing economic viability with market demand.

 

Based on application, the market segmented as paints & coatings, plastic, paper and pulp, printing inks, and other. In the application segment, the paints & coatings holds the dominant share in the market. Painting and coating industry is one of the largest application segments for the market. Titanium dioxide nanoparticles improve the opacity, the ability to withstand washing as well as UV radiation. This meets the paint industry’s desire. Additionally, the trend of green coatings is also pushing the market, with titanium dioxide nanomaterial considered as a viable option because of its environmentally friendly nature and efficiency.

 

U.S Titanium Dioxide Nanomaterials Market Revenue, 2021 - 2032 (USD Billion)

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U.S. dominated the North American region with majority market share and a revenue of USD 6.3 billion in 2022. The US is seeing an increase in the growth of the titanium dioxide nanomaterials industry as more and more industries adopt nanotechnology. The growing market penetration into electronics, health care, and renewables especially solar cells drives this rapid market expansion. The market is also supported by tough environmental laws, emphasis on R&D as well as other measures which ensure that growth and new technologies are maintained.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for titanium dioxide nanomaterials was around USD 20.8 billion in 2023 and is estimated to reach USD 34 billion by the end of 2032.

Chloride segment held a dominant market share of around 90% in 2022 and is expected to grow at a lucrative pace through 2032 owing to the cost-effectiveness and potential for large-scale production of the process.

U.S. market size for titanium dioxide nanomaterials was USD 6.3 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032 as more and more industries are adopting nanotechnology across the country.

Altairnano, American Elements, Catalysis, CINKARNA Celje d.d., Cristal, DuPont, Evonik Industries, Huntsman International LLC, Ishihara Sangyo Kaisha, Ltd., Kronos Worldwide, Inc., Nanoptek Corp., Reinste Nano Ventures Pvt. Ltd., Sakai Chemical Industry Co., Ltd., Showa Denko K.K., and Tronox Holdings plc.

Titanium Dioxide Nanomaterials Market Scope

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  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 203
  • Countries covered: 21
  • Pages: 180
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