Nanoparticle Titanium Dioxide Market

Market Overview

The global nanoparticle titanium dioxide market size was valued at USD 10,206 million in 2021. It is expected to reach USD 17,346 million by 2030, growing at a CAGR of 6.10% during the forecast period (2022–2030).

Nanoparticle titanium dioxide is also known as ultrafine titanium dioxide. It is a titanium dioxide (TiO2) particle measuring less than 100 nm. It is used in the cosmetics industry to make sunscreens because it can block ultraviolet (UV) light without making the skin look white. It has fewer health risks than other substances, making it safer for the skin. Nanoparticle titanium dioxide has become very popular due to its widescale adoption in paints and coatings, pigments, cosmetics, plastic, energy, and other products.

The nanoparticle titanium dioxide business is growing rapidly. All the industry players are spending a lot of money to find new ways to sell their products through strategic partnerships and collaborations. Nanoparticle titanium dioxide is in high demand because of the rise in passive protective coatings, use in UV filters in personal care products and sunscreens, growing environmental concern, and product approval from regulatory bodies.

Market Dynamics

Drivers: Growing Awareness About the Harmful Effects of UV Rays

People in both developed and developing countries are becoming more aware of the dangers of ultraviolet (UV) radiation to their skin. This is driving the demand for sunscreens. Sunscreens protect the skin from harmful UV rays—and nanoparticle titanium dioxide is one of the most effective substances used in sunscreens that helps absorb UV radiation to protect the skin.

The demand for sunscreens with nanoparticle titanium oxide is driven by a large number of sunburns and skin cancer cases in North America and Europe. Further, the UK study found that about 86% of melanomas are caused by exposure to the sun's ultraviolet (UV) radiation. This rise in melanoma is expected to drive the growth of the nanoparticle titanium dioxide market during the forecast period.

Drivers: Approval from the Regulatory Bodies

According to the regulations specified by the concerned entities, the maximum concentration of titanium dioxide and the nanoparticle titanium dioxide in the ready-to-use preparations cannot be more than 25%. The US FDA (Food and Drug Administration) has already permitted titanium dioxide in sunscreens and food additives up to a specific limit of 25% by weight for sunscreens and 1% by weight for food additives. Now that the EC and FDA have approved it, nanoparticle titanium dioxide is used more in the cosmetics and food preservatives industries.

Drivers: Growing Trend of Environmental Sustainability

Alarming levels of pollution around the world make sustainability necessary. Several scientific studies and research projects have shown toxic pollutants in the environment. People are now more aware of the need for sustainable development methods. Nanoparticle titanium dioxide can be used to fix the problem of damage to the environment. It has been used to clean up the environment for a long time because it is easy to get, is not dangerous, conducts light well, and does not change color when exposed to sunlight.

Restraint: High Toxicity and Adverse Effects on Marine Life

Small amounts of nanoparticle titanium dioxide are entirely safe, but a lot of it is dangerous. According to the EU's Scientific Committee on Consumer Safety (SCCS), titanium dioxide nanoparticles should not be used in powders or sprays that people would be breathing in a lot. This is because breathing these nanoparticles could inflate the lungs and hurt them. It can sometimes cause cancer, eczema, an allergic reaction, damage to the DNA, and nerve damage. All of this guessing could slow the growth of the market for nanoparticle titanium dioxide in the near future. The fact that nanoparticle titanium dioxide in high concentrations is toxic could stop people from using the end products, which could hurt the growth of the market over the next few years.

Nanoparticle titanium dioxide is being used more and more in consumer products, industries, and medical applications. This has led to concerns about the possible exposures and their effects on human health and the environment. As nanoparticle titanium dioxide is one of the main ingredients in sunscreen, it protects against UV rays that can be harmful. But the concentrations used in sunscreens are alarming for aquatic life and the environment. In the study, the researchers found that the nanoparticles tend to lose their protective coating under the influence of UV light or seawater composition, which exposes the more toxic titanium dioxide to the aquatic environment and harm marine life like green algae, coral, mussels, sea urchins, fish, and dolphins.

What Are Future Growth Opportunities in Global Nanoparticle Titanium Dioxide Market?

Umpteen Applications of Nanoparticle Titanium Dioxide and Rising Disposable Income in the Major Economies Create Huge Opportunities

Nanoparticle titanium dioxides are most often used in paints and coatings, pigments, and beauty products. Paints and coatings are used to protect surfaces and keep heat from escaping. Nanoparticle titanium dioxide is often used in the paints and coatings industry for self-cleaning systems, photocatalytic and antimicrobial effects, corrosion protection and wood preservation, UV protection, and reflecting or absorbing infrared light. Nanoparticle titanium dioxide is used as a UV filter in the cosmetics industry to protect against the sun's harmful rays.

There has been a big rise in the demand for paints and coatings, pigments, and cosmetics in recent years. This is because people have more money to spend and are more aware of health issues. Nanoparticle titanium dioxide is being used more and more in these industries, which should give industry players a big chance to meet growing demand.

Emerging economies like India, China, Brazil, and others are going through a lot of economic growth, which means that people in these countries have more money to spend. This has led to a higher demand for products that help people live better, like cosmetics, air filters, coatings that remove toxins, solar devices, and others. Since nanoparticle titanium dioxide is being used in more and more of these lifestyle-improving products exponentially, there are many ways for industry players to position themselves to meet this growing demand.

Regional Analysis

The global nanoparticle titanium dioxide market share is mainly divided into three regions, namely North America, Europe, and Asia-Pacific.

Asia-Pacific is the most dominant region in the global nanoparticle titanium dioxide market. It is expected to reach USD 6,881 million by 2030 at a CAGR of 6.6%. Asia-Pacific has the maximum number of industries that cater to the rise of the titanium dioxide market in the said region. Europe ranks second after Asia-Pacific and is expected to grow to USD 5,245 million by 2030 at a CAGR of 5.6%. North America is listed third among these regions and is anticipated to reach USD 4,127 million by 2030 at a CAGR of 5.7%. 

Segmental Analysis

The global nanoparticle titanium dioxide market share is segmented by type and by application.

The global nanoparticle titanium dioxide market is classified into Rutile and Anatase by type. The rutile segment holds the largest share of the market and is expected to be valued at USD 7,552 million by 2030, with a CAGR of 6.4%. Titanium dioxide with rutile nanoparticles is often used to make cosmetics. Titanium dioxide is used as an ultraviolet (UV) filter in sunscreens. It is also used in creams, foundations, and lip balms. It has been shown to protect against skin cancer and sunburns when used as a UV filter.

The second category in the type segmentation is the Anatase. It is expected to reach USD 5,991 million by 2030 at a CAGR of 5.6%. Anatase, a titanium dioxide nanoparticle, is often used to make plastic. It keeps UV light from breaking down the matrix and the material behind the matrix. It is often used in polymers like polypropylene (PP), polyethylene (PET), acrylonitrile-butadiene-styrene copolymer (ABS), polystyrene (PS), polycarbonate (PC), and polyvinyl chloride (PVC) (PVC). As a result, polymer manufacturers are likely to increase their use of anatase titanium dioxide nanoparticles as polymer additives over the next few years.

By application, the global nanoparticle titanium dioxide market is classified into Paints and Coatings, Pigments, and Cosmetics. The Paints and Coatings segment dominates the market and is expected to reach USD 6,531 million by 2030 at a CAGR of 5.7%. Rapid industrialization and urbanization in developing economies like China and India led to a rise in the number of people needing new homes in cities and rural areas. Therefore, the building and construction industry has grown swiftly in recent years, resulting in a big increase in demand for and production of paints and coatings for newly built houses and buildings in these countries. This is likely to make more paint and coating companies want to use nanoparticle titanium dioxide as an additive.

The second dominant segment by application is Cosmetics. It is expected to reach USD 4,309 million by 2030 at a CAGR of 5.6%. Customers are buying more sun care products like sunscreen lotions because global warming is causing the weather to change quickly and temperatures to rise in different parts of the world. In the coming years, cosmetic companies are likely to need more nanoparticle titanium dioxide because more people of all ages are using sun care products.

The third segment is the pigments, and it is expected to reach USD 3,115 million by 2030 at a CAGR of 7.1%. Pigments are most often used to make paints and coatings. The rise in building and infrastructure projects in Asia-Pacific is a big reason for the increase in pigment demand. Also, in the automotive industry, paints and coatings are used both inside and outside of vehicles because they protect and improve the look of vehicles. They are used in both metal and plastic parts of cars. 

Recent Developments

• May 2022- Evonik's VISIOMER® Specialty Methacrylates will be sold in India through strategic partnerships with Vimal Intertrade and Nordmann.
• February 2022- The European Parliament agreed to the Cinkarna Celje’s proposal for the classification of titanium dioxide.
• February 2022- Kronos Worldwide Inc announced its future endeavors of business expansion on account of the increase in its quarterly dividend.
• January 2022- Cabot Corporation acquired Tokai Carbon Company’s carbon black plant in China.