Nanoparticle Titanium Dioxide Market worth USD 4,103.6 million by 2027

The Market Statsville Group (MSG) publishes the new report on the "Nanoparticle Titanium Dioxide Market by Type (Anatase, Rutile, and Combination of Rutile & Anatase), by Application (Paints & Coatings, Pigments, Cosmetics, Plastics, Energy, and Others), by Region – Global Share and Forecast to 2027". The global nanoparticle titanium dioxide market size is expected to grow at a CAGR of 6.1% during the forecast period and was valued at USD 1,531.6 million in 2020 and estimated to be USD 4,103.6 million by 2027. Environmental sustainability is necessary due to alarming levels of global pollution. Various scientific research efforts and studies have revealed the presence of toxic pollutants in the environment. This has created awareness among people to opt for sustainable development methods. The problem of environmental damage can be addressed by using nanoparticle titanium dioxide. It has been traditionally used in environmental remediation due to availability, low toxicity, high photoconductivity, and high photostability. The electrodes made from these nanomaterials are useful in determining chemical oxygen demand for water and sensors for measuring contaminated water. Nanoparticle titanium dioxide can be used on different supports for solar detoxification of water and air. Altogether, these elements contribute to direct or indirect removal of pollutants from the surroundings as per requirements and help facilitate environmental sustainability.

Global Nanoparticle Titanium Dioxide Market Segmentation

The overall nanoparticle titanium dioxide market has been segmented into the type, application, and region.

• By Type (Anatase, Rutile, and Combination of Rutile & Anatase)
• By Application (Paints & Coatings, Pigments, Cosmetics, Plastics, Energy, and Others)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Paints & coatings, by application, is estimated to hold the largest market share during the forecast period

The global nanoparticle titanium dioxide market is segmented into paints & coatings, pigments, cosmetics, plastics, energy, and others based on application. The paints & coatings segment generated the highest revenue of 39.0% of the total global nanoparticle titanium dioxide market in 2020, and it is expected to register a significant CAGR from 2021 to 2027. Nanoparticle titanium dioxide is commonly used for self-cleaning systems, photocatalytic effect & antimicrobial effect, corrosion protection and wood preservation, UV protection, IR reflective or IR absorbing.

Unique physio-chemical properties of nanoparticle titanium dioxide have led to its utilization in various industrial applications, and their penetration in other applications is growing exponentially. Transparency of nanoparticle titanium dioxide makes it possible to create novel additives introducing new properties to otherwise non-transparent coatings. Rapid industrialization and urbanization across developing economies, such as China and India, led to a surge in demand for new homes for the accommodation of the growing population living in urban and rural areas. As a result, the building & construction industry has been grown significantly in recent years, which led to a surge in demand and production of paints and coatings for newly constructed houses and buildings across these countries. This is likely to surge the demand for nanoparticle titanium dioxide as an additive from paints and coatings manufacturers.

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Asia Pacfic accounts for the largest market share in nanoparticle titanium dioxide market 2020

Based on the regions, the global nanoparticle titanium dioxide market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, North America accounted for the highest market share of 37.2% in the global nanoparticle titanium dioxide market and was anticipated to maintain its dominance throughout the forecast period. The growing manufacturing sector across the region is expected to propel the demand for plastic in the automotive and construction industries. In the recent past, India and China have witnessed a spike in automotive production, owing to technology transfer to the sector from the Western markets. In addition, the availability of raw materials and labor at low prices has made various automobile manufacturers set up their manufacturing plants across these countries. The demand and production of PVC have increased significantly, owing to a surge in automobile production. This factor is likely to surge the demand for nanoparticle titanium dioxide from polymer manufacturers as polymer additives during the forecast period. In addition, rapid urbanization has led to a surge in building and construction activities across the region's developing countries such as China and India. Governments of these countries have launched programs such as “Housing for All,” Pradhan Mantri Awas Yojana (PMAY), and “Smart City Project” that includes the construction of homes with modern facilities for people living in urban and rural areas. Owing to this, the demand for cement across the region is anticipated to surge considerably.

Nanoparticle titanium dioxide is widely used in the cement industry as an additive to enhance the strength, durability, and mechanical properties of cement. In addition, the growing construction industry has also led to a surge in demand for paints & coatings. Nanoparticle titanium dioxide is widely used as an additive in the paints & coatings industry. Attributed to the surge in demand and production of cement and paints & coatings, the demand for nanoparticle titanium dioxide is expected to surge from cement and paints & coatings manufacturers during the forecast period.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the nanoparticle titanium dioxide market. It also consists of leading companies such as Cinkarna Celje d.d., BASF SE, Cabot Corporation, Croda International Plc, Evonik Industries AG, Kronos Worldwide, Inc., The Chemours Company, Tronox Inc., DuPont, Venator Materials Plc, and Tayca Corporation. These market players have focused on acquisitions and expansion to gain a larger market share in the nanoparticle titanium dioxide market.

Browse complete report: https://www.marketstatsville.com/nanoparticle-titanium-dioxide-market

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