Nano titanium dioxide is a chemically inert and transparent substance with many important & diversified applications in paints & coatings and cosmetics . It has average particle size of less than 100nm with good thermal & chemical stability . Due to the smaller size of particles and higher surface area , nano titanium dioxide finds practice in many sectors . It is commonly found in products such as cosmetics , paints & coatings , pigments , plastics , and many others . It also finds utilization in a series of environmental and biomedical applications , such as photocatalytic degradation of pollutants , water purification , biosensing , and drug delivery . The nano titanium dioxide market accounted for $ 4,486 million in 2015 and is projected to reach $ 16,682 million by 2022 , registering a CAGR of 20.7 % from 2016 to 2022 .
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The nano titanium dioxide market currently observes growth with paints & coatings and cosmetics covering more than half of the market . The product has high demand in Europe , U . S ., and other emerging economies such as China , India , and others . The global nano titanium dioxide market is expected to register substantial growth in the near future , attributed to rise in demand in numerous applications and government support for research & development to find new commercial avenues . However , factors such as toxicity at a certain amount along with high cost are expected to restrain the market growth .
The report segments the nano titanium dioxide market on the basis of application and geography . On the basis of application , the market is segmented into paints & coatings , pigments , cosmetics , plastics , energy , and others . Geographic breakdown and deep analysis of each of the aforesaid applications is included for North America , Europe , Asia-Pacific , and LAMEA .
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Recent advancement related to nano titanium dioxide includes publishing of regulation by European Union to authorize nano TiO2 for use as a UV-filter in cosmetic products at a maximum concentration of 25 % w / w in July , 201 Also , a research done by Australian scientists in July 2013 , proved that storage of energy by sustainable resources is possible with the use of titanium dioxide which acted as a major boom for renewable energy sector . Comprehensive competitive analysis and profiles of major market players such as BASF SE CINKARNA Celje d . d . Cabot Corporation CRISTAL E . I . DU PONT DE NEMOURS AND COMPANY Croda International Plc