Nanoparticle titanium dioxide, also called ultrafine titanium dioxide, is a particle of titanium dioxide (TiO2) smaller than 100 nm. Ultrafine TiO2 is used in the cosmetics industry to make sunscreens because it blocks ultraviolet light without making the skin look white. Nanoparticle titanium dioxide has become very popular because it is used in paints and coatings, pigments, cosmetics, plastic, energy, and other products. The business of nanoparticle titanium dioxide is growing as everyone in the industry spends a lot of money on strategic partnerships and collaborations to find new ways to sell their products. Nanoparticle titanium dioxide is in high demand because more people are using passive protective coatings and UV filters in personal care products and sunscreens. There is a trend toward caring about the environment, and regulatory bodies have approved the product.
People in both developed and developing countries are learning more about the dangers of ultraviolet (UV) radiation to their skin. This is making people want to buy sunscreens and other cosmetics. One of the most effective ingredients in sunscreens, nanoparticle titanium dioxide, helps absorb UV radiation to protect the skin. Also, there are more sunburns and cases of skin cancer in North America and Europe, which makes people want sunscreens with Nano titanium oxides.
The nanoparticle titanium dioxide market is expected to grow because of this rise in melanoma over the next few years. Along with this, the entry for titanium dioxide will now say that the maximum concentration of titanium dioxide and nanoparticle titanium dioxide in ready-to-use preparations cannot be more than 25%. The US FDA (Food and Drug Administration) has already permitted titanium dioxide in sunscreens and food additives up to a specific limit, 25% by weight for sunscreens and 1% by weight for food additives.
Since the EC and FDA have approved, nanoparticle titanium dioxide has been used more in the cosmetics and food preservatives industries. Not only this, the alarming levels of pollution around the world make sustainability necessary, which has made people aware of the need for sustainable development methods. Nanoparticle titanium dioxide can be used to fix the problem of damage to the environment. It has been used to clean up the environment for a long time because it is easy to get, is not dangerous, conducts light well, and does not change color when exposed to sunlight.
Often, nanoparticle titanium dioxides are used in paints, pigments, and beauty products. Paints and coatings are used to keep heat in and protect surfaces. Nanoparticle titanium dioxide is often used in the paint and coatings industry for self-cleaning systems, photocatalytic and antimicrobial effects, corrosion protection and wood preservation, UV protection, and reflecting or absorbing infrared light. In the cosmetics industry, nanoparticle titanium dioxide is used as a UV filter to protect against the sun's harmful rays.
The demand for paints and coatings, pigments, and cosmetics has grown drastically in the past few years. People have more money to spend and know more about health problems. Nanoparticle titanium dioxide is being used more and more in these industries, which should give players a big chance to meet growing demand. There is a lot of economic growth in emerging economies like India, China, Brazil, and others. This means that people in these countries have more money to spend. This has made more people want things that make life better, like cosmetics, air filters, coatings that get rid of toxins, solar devices, etc. Since nanoparticle titanium dioxide is being used in more and more of these products that make life better exponentially, industry players can position themselves in many ways to meet this growing demand.
Asia-Pacific is the most critical region in the market, and with a CAGR of 6.6%, it is expected to reach USD 6,881 million by 2030. Since Asia-Pacific is a developing area, it has the most industries serving the growing nanoparticle titanium dioxide market. Europe is the second-largest region, and it is expected to reach USD 5,245 million by 2030 at a CAGR of 5.6%. North America is third on this list. It is expected to be worth USD 4126.6 million by 2030 at a CAGR of 5.7%.
The primary key players in the global nanoparticle titanium dioxide market are