Nanoparticles Market to Spur Growth in the Global Titanium Dioxide Market
Time：2015-05-20 14:24 Category：Market News
Titanium dioxide nanomaterials have been an essential aspect of various industries' research and development for its low cost, availability, and simple production process. But the mineral has just recently found its significance in the cosmetics segment.
The use of titanium-based nanoparticles in sun care products to enhance consistency and thickness has become a trend among cosmetics producers since 2010. The growing trend has spurred large demand for titanium dioxide on the global market.
According to experts, titanium dioxide nanomaterials offer better consistency and UV protection compared with other ingredients. These are also cheaper and more available on the market.
"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," said Faisal Ghaus, Vice President of Technavio.
The use of titanium dioxide for cosmetics remains a hot topic for debate today. Some think that titanium is injurious to the human body, while some believe it's harmless as long as it is used reasonably.
Apart from the cosmetics industry, titanium dioxide nanoparticles are also used in the medical field, paints and coatings production, solar cell applications, and food industry.
Today, the global supply remains stable, as titanium dioxide is among the most abundant minerals on earth. Titanium dioxide nanomaterials are created in various types of crystal structures, and the most common sources for the mineral are anatase, ilmenite, and rutile.
Although there are numerous problems affecting the global supply segment, production of the mineral will remain secure in the 2015-2019 period. By 2017, several newcomers are expected to join the global commerce.
