Cosmetics Ingredients
Industry News

Rising Awareness Among Consumers to Drive Titanium Dioxide Market: GVR

Published on 2022-01-26. Edited By : SpecialChem

TAGS:  Sun Care   

Titanium Dioxide Market GrowthAccording to a new report by Grand View Research, the global titanium dioxide market size is expected to reach USD 26.87 billion by 2028. It is expected to expand at a CAGR of 6.0% from 2021 to 2028.

Demand of UV Filter & Whitening Agent

The growing awareness among consumers of emerging economic nations regarding personal hygiene and care has led to the considerable growth of the cosmetics industry. The growing consumption of the product as a UV filter and whitening agent in cosmetic goods is expected to drive the overall industry during the forecast period.

The Asia Pacific region accounted for the largest revenue share of more than 40.0% in 2020, which can be attributed to the rapid growth of the application industries, including paints and coatings, plastics, and cosmetics, in key economies of the region.

Expanding Application Scope of TiO2

The expanding application scope of titanium dioxide (TiO2) as specialty coating materials in the automotive industry and photovoltaic systems is likely to fuel the growth of the market during the forecast period.

The paints and coatings industry has been witnessing significant growth in recent years, mainly on account of the increasing consumption in key end-use verticals, including construction, automotive, aerospace, and energy and power. The growing scope of the product as whitening pigments in paints and coatings is expected to have a positive impact on the future growth of the industry.

Titanium Dioxide - Ingredients List

Source: Grand View Research

Sun care channel

Back to Top