According to report by Fact.MR, the titanium dioxide nanoparticles market value is estimated to surpass USD 458.5Mn in 2020 and grow at a CAGR of 6 percent during the forecast period (2020-2030).
Offers Brightening and Whitening Properties
Titanium dioxide nanoparticles are a key material used in cosmetics and beauty products which offer brightening and whitening properties. An increased interest in nanotechnology along with an extensive application of titanium dioxide nanoparticles in various fields is significantly contributing to the market growth.
The advent of titanium dioxide nanoparticles has caused a sharp decline in demand for organic materials used earlier in cosmetic products. In the recent past, these nanoparticles have gained high popularity and used interchangeably with zinc oxide nanoparticles to
enhance the SPF of sun care products.
The factors portray an image of rapid expansion of the titanium dioxide nanoparticles market, providing numerous opportunities for the players to improve their market share.
COVID-19 Impact on Cosmetics Market
The COVID-19 pandemic has affected the global economy in several ways. A significant market crunch is anticipated for the cosmetics market, attributed to shortfalls in demand for
personal grooming products.
As the market growth is set to gain its pace with rise in demand for titanium dioxide nanoparticles from cosmetic manufacturers, market revenue is anticipated to rebound post two quarters of market reopening.
Source: Fact.MR