International. Increasing demand for paints and coatings due to expansion of the construction and automotive sectors across the globe will increase the growth of the titanium dioxide (TiO2) market, and reach USD 28 billion by 2025.
According to a recently revealed report by Grand View Research, Inc., this represents a compound annual growth rate (CAGR) of 8.7%.
Lightweight materials used in the automotive industry contain specific amounts of carbon fiber, which is economical and economical, as it helps reduce the carbon footprint, coupled with the use of the photovoltaic method that converts solar energy into direct current electricity using materials such as TiO2 and amorphous silicon.
Titanium dioxide particles have a wide scope of application due to their high stability, photocatalytic properties and anticorrosive nature and are manufactured from anatase. They are used in consumer products, such as sunscreens, and as components for joint hip and knee implants.
These nanoparticles are also used as a catalyst in semiconductor photocatalysis, in water treatment plants, and as a photoactive material in nanocrystalline solar cells. Other applications in self-cleaning tiles, textiles, windows, and fog mirrors are expected to support the growth of the market during the forecast period.
Source: Grand View Research.
Photo: Bidvine.
