Apr 24 2015
An increase in demand from the personal care sector has resulted in steady growth of the global titanium dioxide nanomaterials market, which is expected to post a CAGR of 12.02% from 2015-2019, says research firm Technavio.
About the Report
Traditionally, sun care product manufacturers have used titanium-based microparticles to increase the consistency and viscosity of their products, but these products were difficult to apply. Nanomaterial-based products are easy to use, have better consistency and provide superior UV protection compared to their older counterparts.
“The use of nanomaterial-based products in the skincare industry has increased significantly in recent years and is expected to present huge growth opportunities to the titanium dioxide nanomaterials market,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also draws attention towards manufacturers that have increased their spending on R&D. As a result, many new applications are in their pilot or development phases, including advanced water filters for use in wastewater treatment and desalination.
Market Scope and Calculation of Market Size
This report covers the present scenario and growth prospects of the global titanium dioxide nanomaterials market from 2015-2019. To calculate the market size, the report considers revenue generated from sales of titanium dioxide nanomaterials in various industries and for experimental and laboratory use.
Source: http://www.technavio.com/