It has been the bane of the sun care market for many years as product manufacturers have traditionally used titanium-based microparticles to increase the consistency and viscosity of their products, but these products were difficult to apply.
As nanomaterial-based products are easy to use, have better consistency and provide superior UV protection compared to their older counterparts, the demand for these has increased, and is driving the market.
According to research firm Technavio in its latest report, an increase in demand from the personal care sector has resulted in the steady growth of the global titanium dioxide nanomaterials market, which is expected to post a CAGR of 12.02% from 2015-2019.
“The use of nanomaterial-based products in the skin care 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.
Titanium dioxide nanomaterials have been at the centre of research since the advent of nanotechnology due to their low cost and simple production process.
Nanomaterials find application in various commercial and industrial sectors, but are mostly used in sun care products.
Titanium dioxide nanomaterials are created in various types of crystal structures, but currently only anatase and rutile nanoparticles are used for industrial purposes.
Apart from their aforementioned use in sunscreens, they are also used in increasing the overall consistency of personal care products, as a pigment in paints and coatings, and for the production of solar cells.
The new Technavio report also draws attention towards manufacturers that have increased their spending on R&D.
The 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.