Global Titanium Dioxide Nanomaterials Market 2016-2020
About Titanium Dioxide Nanomaterials
Since the advent of nanotechnology, titanium dioxide nanomaterials have been at the center of research because of their low price and simple production process. These nanomaterials are synthesized at various purity levels from 75% to 99.97% and with diameters ranging from 5 nanometers to 250 nanometers. Although these nanomaterials are used in the commercial and industrial sectors, most of them are produced for skin care products, where they provide protection from UV radiation. They are also used as pigments or thickeners in many personal care products as pigments in paints and coatings, and in the production of solar cells in the energy sector. As these nanomaterials can degrade some types of pollutants, they are also being used to reduce atmospheric nitrous emissions through selective catalytic reduction systems.
Technavio’s analysts forecast the global titanium dioxide nanomaterials market to grow at a CAGR of 9.42% by volume during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global titanium dioxide nanomaterials market for 2016-2020. In order to calculate the market size, we considered the revenue generated through sales of titanium dioxide nanoparticles for applications such as personal care products, paints and coatings, energy sector, paper and ink, and others (catalyst, production of self-cleaning ceramics, production of self-cleaning cement, and glass industry).
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Titanium Dioxide Nanomaterials Market 2016-2020
Technavio recognizes the following companies as the key players in the global titanium dioxide nanomaterials market: American Elements, EPRUI Nanoparticles & Microspheres, Reinste, Sigma-Aldrich, and US Research Nanomaterials.
Other Prominent Vendors in the market are: Meliorum Technologies, nanoComposix, Xuancheng Jingrui, Advanced Nano Products, and Applied Nanotech Holdings.
Commenting on the report, an aAnalyst from Technavio’s team said: “Emergence of new application areas will be a key trend for market growth. Metal oxide nanomaterials have unique mechanical and photocatalytic characteristics. Manufacturers have increased their spending on R&D for developing new applications. As a result, new applications such as advanced water filters for use in wastewater treatment and desalination are being developed or are in pilot stage. Another interesting application is in the field of medical sciences. Titanium dioxide nanomaterials can be used as a photosensitizer in photodynamic therapy for the treatment of cancer and related diseases. In the construction sector (the fastest growing global sector at present), the photo-catalytic nature of these nanomaterials is being used to design advanced pollutant-degrading concrete pavement.”
According to the report, increase in product offerings will be a key driver for market growth. Titanium dioxide nanomaterials have numerous commercial and industrial applications because of their unique UV-scattering, anti-bacterial, and water repelling characteristics. The global nanotechnology market is rife with innovations; most players in the nanotechnology market are rolling out new products for advanced industrial applications because of the cheap and simple process of producing titanium dioxide nanomaterials. This has led to a rapid increase in the number of titanium dioxide nanomaterial-based products in the market in recent years. By February 2015, around 180 products were launched, resulting in the rapid expansion of the market in newer sectors such as automobile and pollution control. The US accounted for the highest number of new product releases in 2014 and was followed by China and Canada. Other major contributors included France, Spain, and Germany.
Further, the report states that uncertainty regarding use in food and beverage industry will be a challenge for the market. The food and beverage industry has been a major consumer of nanomaterials, including titanium dioxide and silica. However, growing concerns about their adverse health effects has led the governments of developed countries in the Americas and Europe to impose stringent regulations on the use of nanomaterials in food products. This has created uncertainty about the future of the market in this industry. Titanium dioxide nanomaterials are used extensively in the form of white pigments in food products. Increased public backlash has forced many major players in the food and beverage industry to limit or discontinue their use in products. For instance, Dunkin’ Brands stopped using them as a sugar whitening agent in Dunkin’ Donuts in March 2015, amid public concerns about their toxic effects. With the FDA (Food and Drug Administration) increasing its scrutiny regarding nanomaterial use in food and urging players in the food and beverage industry to report its use, players in the market will suffer significant losses.
American Elements, EPRUI Nanoparticles & Microspheres, Reinste, Sigma-Aldrich, US Research Nanomaterials, Meliorum Technologies, nanoComposix, Xuancheng Jingrui, Advanced Nano Products, Applied Nanotech Holdings.