The consumption of nanotitanium dioxide during the study period is the largest in cosmetic applications. Asia Pacific is expected to continue to be a leading consumer in the global market by 2022.
Nano-sized titanium dioxide is about 100 times finer than titanium dioxide (TiO2) pigment and is commonly applied to high-factor sun protection creams, textile fibers or wood preservatives, paints and coatings and plastics. Driven by demand for passive protective coatings, personal hygiene products and sunscreen UV filter penetration and environmental sustainability, the market leader in the titanium nanocarbon dioxide market. However, toxicity at high concentrations is expected to hamper market growth with increased penetration of zinc oxide.
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It was the largest application for cosmetics sales and volume in 2015 and accounted for more than a third of the share in paint and coatings, followed by pigments, plastics, energy and others. In addition, in cosmetic applications, nanoparticles of titanium dioxide are used as sunscreens in a variety of sunscreens.
In 2015, Europe and Asia-Pacific collectively accounted for nearly two-thirds of the worldwide demand for nano titanium dioxide and are expected to maintain their lead position throughout the forecast period. However, Asia-Pacific is projected to be the fastest growing region, with a CAGR of 21.3%, in value terms, followed by LAMEA, North America, and Europe.
Major players in the industry invest significantly in research & development to launch new commercial applications at low cost. Strategic collaborations & business expansion are the other major strategies adopted by some of the industry players.
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The major companies profiled in the report include
• BASF SE
• Cabot Corporation
• CINKARNA Celje d.d.
• Croda International Plc
• E. I. Du Pont De Nemours and Company
• Evonik Industries AG
• Huntsman International LLC
• Nano-Oxides Inc.
• NanoScale Corporation
• Tayca Corporation
Key Findings of the Nano Titanium Dioxide Market
• Pigment segment is expected to witness highest CAGR of 21.9% during the forecast period.
• Paints & coatings along with cosmetic segment together account for more than two-third market share.
• Asia-Pacific is anticipated to lead the market, growing at a CAGR of 21.3%, in value terms, from 2016 to 2022.
• China, Germany, and U.S. led the global nano titanium dioxide market in 2015.
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