The global titanium dioxide market to grow at a CAGR of 4% during the period 2017-2021.
The report, Global titanium dioxide Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is increase in penetration of doped and coated titanium dioxide nanomaterials. Doping of titanium dioxide nanomaterials helps in extending the absorption in visible light by narrowing the band gap. Thus, titanium dioxide nanomaterials are doped with various anions such as sulfur, nitrogen, and carbon. For example, tungsten-doped nanomaterials and manganese-doped nanomaterials are widely used in the paints and energy sectors.
According to the report, one of the major drivers for this market is increasing acceptance of uva/b filters in sunscreens and sun protection cosmetics. The depletion of the ozone layer has become a major cause of concern over the last few decades. It is leading to increased exposure to ultraviolet radiations, which can cause skin cancer and cataracts. It has been found that 10% depletion of the stratosphere can increase the incidence of non-melanoma skin cancer by about 300,000 and that of melanoma skin cancer by about 4,500 every year.