The Global Nano Titanium Dioxide Market size is forecast to reach $20 billion by 2025, after growing at a CAGR of 20% during 2020-2025. The rapidly evolving field of nanotechnology offers potential benefits to almost all industries and products. The increasing demand for nano titanium dioxide from paints and coatings industry and biomedical applications is driving the growth of global market size over the study period. Besides, growing penetration of UV-filters in the personal care products & sunscreens and increasing trend towards environmental sustainability are also driving the growth of Nano Titanium Dioxide market size during the forecast period.
In the North America region, in 2019, the US is the major market for the Nano Titanium Dioxide owing to growing demand for cosmetics across the country.
The growing popularity of environment friendly TiO2 and economically viable technologies is likely to aid in the market growth of global Nano Titanium Dioxide industry.
The use of nano silicon dioxide in paints forms an excellent abrasion property along with it resist the swelling and shrinking of paints associated with temperature and humidity changes.
The outbreak of COVID-19 is projected to drive the growth of the global nano titanium dioxide market at an exponential rate during the forecast period due to growing uses of titanium dioxide (TiO2) photocatalytic nanotechnology coatings in healthcare/medical sectors to reduce the spread of COVID-19.
The alternatives available for nano titanium dioxides such as zinc oxide nanoparticles or nano zinc oxide also used as a zinc sunscreen is acts as a restraining factor to the growth of this market.
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Application – Segment Analysis
The healthcare/medical segment is projected to grow to witness the highest CAGR of 23% in the nano titanium dioxide market during the forecast period. This growth is attributed to the rise in demand for titanium dioxide (TiO2) photocatalytic nanotechnology coatings to reduce the impact of COVID-19 pandemic and rising investments for the development of the healthcare/medical sectors globally.
Drivers – Nano Titanium Dioxide Market
Growing uses of nano titanium dioxide across various applications
Growing awareness about the effects of UV rays among consumers
Major players in the Nano Titanium Dioxide Market are BASF SE, Croda International Plc., Evonik Industries AG, Nano-Oxides, Inc., Huntsman International LLC, Cinkarna Celje D.D., Cabot Corporation, Cristal, E. I. Du Pont De Nemours and Company, C-Bond Systems, Inc., and Tayca Corporation, NanoScale Corporation, among others.
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