Nanoparticle TiO2 or titanium dioxide is a naturally occurring titanium oxide. Nanoparticle TiO2 is sourced from rutile, anatase and ilmenite. Nanoparticle TiO2 finds its usage in food coloring, sunscreen lotions, paints and many more. The nanoparticle TiO2 market is anticipated to grow decently in the coming years.
Rising demand for the nanoparticle TiO2 market can be attributed to growing demand for nanotechnology in cancer treatment and other applications. Also, the rising consumer electronics sector globally is expected to boost the market over the forecast period. However, health hazards caused by exposure to titanium dioxide, like respiratory disorders and gastrointestinal malfunctions are predicted to hinder the market.
The nanoparticle TiO2 market can be categorized into applications and geographies. The market, on the basis of applications, can be fragmented into cosmetics & sunscreen, energy, plastics, environment protection, construction, cleaning & sanitary, clothing, paper ceramics, paints and coatings & printing inks.
Geographically, the nanoparticle TiO2 market can be segregated into Asia Pacific, North America, Europe and ROW (rest of the world). Asia Pacific is experiencing the fastest growth as a result of rapid expansion in cosmetics, pharmaceuticals and consumer goods. Developing countries, including China and India are projected to show considerable growth for the nanoparticle TiO2 market.
This is due to strong support of the Chinese government for the development of products based on nanotechnology. Also, majority of the players are shifting to Asia Pacific due to the availability of low cost labor and favorable government support for the production of nanoparticle TiO2.