The global Titanium Dioxide Nanomaterials market is valued at USD 220.79 million in 2015 and is expected to grow at a CAGR of 7.7 % during the forecast period reaching a value of USD 320 million in 2020.
The increasing applications of the titanium-dioxide nanomaterials is providing a major opportunity to the market. The Rutile nanoparticles segment accounts for the highest share in the market, by type, followed by the Anatase segment. The personal care products hold the highest share in the market, by application, followed by paints and coatings segment. The personal care products section is expected to be the fastest growing segment during the forecast period, witnessing a CAGR of XX% during the forecast period.
Europe holds the highest share in the market, followed by North America. It is expected to dominate the global market over the forecast period. US holds the highest market share, by country-wise followed by China and Germany. Asia-pacific region is expected to be the fastest growing market during the forecast period, owing to the increasing urbanization in the region.
The global Titanium-dioxide nanomaterials market is highly fragment with many local and global players. The major players in the market include ACS, American Elements, Evonik Industries, Huntsman corporation, Xuancheng Jinguri New Material, Altair Nanomaterials, Sigma Aldrich, Shanghai Xiaoxiang Chemicals Co., and Tronox.
One of the major driver driving the market is the growing demand for personal-care products. The growing demand for the end-user products from the Asia-Pacific region is also driving the market. Moreover, the increasing number of patents year by year, due to the increased research activities is further driving the market.
The major challenge being face by this market is the ill-effects associated with their usage. The higher costs of the products is also restraining the market, as it makes the end-user products confined to the urban areas.
What the report contains
The report elucidates the situation of Titanium-Dioxide Nanomaterials around the world and studies the markets of the high-performance fiber type which include rutile nanomaterials, Anatase nanomaterials, combination of rutile and anatase nanomaterials, nanotubes & nanowires and others.
Lastly, the report is divided by geography - North Americas, Europe, the Asia-Pacific (APAC), South America and Middle-East & Africa (MEA); where-in the market share of each region is analyzed and estimates are provided for the next 5 years. The various applications of titanium-dioxide nanomaterials have been discussed in detail in addition to a comprehensive overview of the market.