Titanium dioxide nanomaterials: Key market research findings
- The Americas dominate the market geographically
- Personal care segment accounts for a majority of the market’s revenue
- Key vendors – American Elements, EPRUI Nanomaterials and Microspheres, Reinste, Sigma-Aldrich, and US Research Nanomaterials
Technavio’s market research analysts predict the global titanium dioxide nanomaterials market to grow at a CAGR of around 9% between 2016 and 2020. The growth of the market can be attributed to the rising popularity of antifouling coatings. Antifouling coatings are paints or coatings that are applied to the hull of a boat, ship, or yacht. It reduces the growth of organisms on the part of the ship that is under water and prevents corrosion of metal hulls. Antifouling coatings help improve the durability and performance of the vessel. During 2015, the global titanium dioxide nanomaterials market was dominated by the Americas with a market share of around 38%. The use of these nanomaterials as a pigment in the production of paints will contribute to the growth of the titanium dioxide nanomaterials market in the Americas during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the titanium dioxide nanomaterial segments based on the end-user.
“At present, titanium dioxide nanomaterials are being used for a wide spectrum of applications. Manufacturers are developing and testing new applications such as advanced water filters for use in wastewater treatment and desalination. In the field of medical sciences, titanium dioxide nanomaterials are used as a photosensitizer in photodynamic therapy for the treatment of cancer and related diseases. In the construction sector, the photo-catalytic nature of these nanomaterials is used to design advanced pollutant-degrading concrete pavement,” says Chandrakumar Badala Jaganathan, Lead Analyst, Chemicals & Materials, Technavio Research.
By 2020, the personal care segment will continue its dominance over the global market by accounting for almost 47% of the overall market revenue. Titanium dioxide nanomaterials are used in sunscreens and lotions as a UV filter. Generally, the titanium dioxide nanomaterials used for sun protection are anatase and rutile. A sunscreen product contains up to 25% of titanium dioxide nanomaterials in terms of concentration and approximately 70% of the sunscreens contain titanium dioxide nanomaterials.
The key vendors in the global titanium dioxide nanomaterials market include American Elements, EPRUI Nanomaterials and Microspheres, Reinste, Sigma-Aldrich, and US Research Nanomaterials. The customer base for the global titanium dioxide nanomaterials market is spread across the Americas, Europe, APAC, and ROW. The key countries for the market include Austria, Belgium, India, Indonesia, Israel, Canada, China, Italy, Russia, Singapore, Taiwan, Turkey, the US, and the UK.
A more detailed analysis is available in the Technavio report, Global Titanium Dioxide Nanomaterials Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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