Titanium Dioxide Nanoparticles Market Size

Nanoparticle Titanium Dioxide Market size was over USD 11.36 billion in 2023 and is set to cross USD 23.93 billion by 2036, witnessing more than 5.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of nanoparticle titanium dioxide is estimated at USD 11.9 billion. The growth of the market can be attributed to the increasing applications of nanoparticle titanium dioxide in various industries, such as, chemical, petrochemical, paper, and others. nanoparticle titanium dioxide possess different physiochemical properties than its fine particles, such as, higher bioactivity, which is estimated to boost the demand for nanoparticles over other forms of titanium dioxide. Increasing use of these particles in the pharmaceutical industry as pigment for gelatin capsules and tablet coatings, is also expected to boost the market growth. The pharmaceutical industry was valued over USD 1.2 trillion in 2019, and has experienced tremendous growth in 2020-21, which is anticipated to positively influence the market growth. Moreover, the growth in the construction industry is also expected to boost the market growth, owing to the growing usage of nanoparticle titanium dioxide for paints and coatings.