The global nano zinc oxide market was valued at $0.3 billion in 2021, and is projected to reach $1,1 billion by 2031, registering a CAGR of 13.2% from 2022 to 2031.
Zinc oxide has various uses with unique chemical and physical features, including chemical stability, paramagnetic nature, broad radiation absorption spectrum, and excellent photostability. It is an inorganic and insoluble chemical, which is mostly employed as a product additive. It is transparent, non-toxic, and widely available as powder in the market. Furthermore, nano zinc oxide refers to zinc oxide nanoparticles that are 1 to 100 nanometers in size and contained in an interfacial layer.
Increase in application of nano zinc oxide in personal care industry drives the market growth. ultraviolet () Nano zinc oxide is commonly utilized as a UV filter in cosmetic products, including sunscreen along with its capacity to absorb ultraviolet (UV) radiation. In addition, nano zinc oxide is used as cosmetic colorant to alter the appearance of cosmetic products on the skin, due to the fact that it easily mixes with other particles and is highly stable in nature. The food and drug administration (FDA) approved use of nano zinc oxide. Inhaling nano particles can be hazardous to health however, usage of nano zinc oxide in skin care is advantageous. The impact of nanoparticles on toxicity, which may easily infiltrate cells and generate oxidative stress is becoming increasingly important. These products pollute the environment, having a significant influence on ecosystem. This restrains the nano zinc oxide market. Furthermore, combination of zinc oxide nanostructures with nanocellulose and graphene for reduced shape, structure, and size in electronics applications drive the growth of nano zinc oxide market.
Nano zinc oxide market is segmented on the basis of type, application, and region. Depending on type, it is segregated into coated nano zinc oxide and uncoated nano zinc oxide. According to application, it is fragmented into personal care & cosmetics, paints & coatings, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include, BASF SE, EverZinc, Griller-Werke AG, Inframat Advanced Materials, LLC, Lanxess Corporation, Nanophase Technologies Corporation, Pan-Continental Chemical Co., Ltd., Sakai Chemical Industry Co., Ltd., Showa Denko Materials Co., Ltd., Umicore N.V Company. Global nano zinc oxide market report provides in-depth competitive analysis as well as profiles of these major players
The outbreak of COVID-19 has led to partial or complete shutdown of production facilities that do not come under essential goods, owing to prolonged lockdown in major countries, including the U.S., China, Japan, India, Canada and Germany. Paints & coatings and textiles were one of most affected sectors, owing to shutting off the operations, manufacturing, distribution, paints and coatings shops.
Lockdown affected several construction and infrastructure projects, due to supply chain disruptions and unavailability of workers. Construction and electronics sector witnessed a sharp decline, owing to pandemic. As a result, demand for nano zinc oxide in the construction sector decreased, thereby affected the nano zinc oxide market growth.
However, in biomedical industry, zinc oxide nanoparticle (ZnO-NPs) has been widely used as a disinfectant nano-spray for the corona virus (SARS-CoV-2), which in turn resulted in less impact of COVID-19 on this sector.
It outlines the current trends and future estimations of the nano zinc oxide market from 2021 to 2031 to understand the prevailing opportunities and potential investment pockets.
The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, & opportunities and their detailed impact analysis are explained in the study.
The profiles of key players and their key strategic developments are enlisted in the report.
Zinc oxide has various uses with unique chemical and physical features, including chemical stability, paramagnetic nature, broad radiation absorption spectrum, and excellent photostability. It is an inorganic and insoluble chemical, which is mostly employed as a product additive. It is transparent, non-toxic, and widely available as powder in the market. Furthermore, nano zinc oxide refers to zinc oxide nanoparticles that are 1 to 100 nanometers in size and contained in an interfacial layer.
Increase in application of nano zinc oxide in personal care industry drives the market growth. ultraviolet () Nano zinc oxide is commonly utilized as a UV filter in cosmetic products, including sunscreen along with its capacity to absorb ultraviolet (UV) radiation. In addition, nano zinc oxide is used as cosmetic colorant to alter the appearance of cosmetic products on the skin, due to the fact that it easily mixes with other particles and is highly stable in nature. The food and drug administration (FDA) approved use of nano zinc oxide. Inhaling nano particles can be hazardous to health however, usage of nano zinc oxide in skin care is advantageous. The impact of nanoparticles on toxicity, which may easily infiltrate cells and generate oxidative stress is becoming increasingly important. These products pollute the environment, having a significant influence on ecosystem. This restrains the nano zinc oxide market. Furthermore, combination of zinc oxide nanostructures with nanocellulose and graphene for reduced shape, structure, and size in electronics applications drive the growth of nano zinc oxide market.
Nano zinc oxide market is segmented on the basis of type, application, and region. Depending on type, it is segregated into coated nano zinc oxide and uncoated nano zinc oxide. According to application, it is fragmented into personal care & cosmetics, paints & coatings, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include, BASF SE, EverZinc, Griller-Werke AG, Inframat Advanced Materials, LLC, Lanxess Corporation, Nanophase Technologies Corporation, Pan-Continental Chemical Co., Ltd., Sakai Chemical Industry Co., Ltd., Showa Denko Materials Co., Ltd., Umicore N.V Company. Global nano zinc oxide market report provides in-depth competitive analysis as well as profiles of these major players
IMPACT OF COVID-19 ON THE GLOBAL PERSONAL CARE INGREDIENTS MARKET
The outbreak of the COVID-19 pandemic has had an adverse impact on the global economy as governments globally were forced to implement lockdowns to prevent the spread of the virus. As a result, the operations of nano zinc oxide were hampered.The outbreak of COVID-19 has led to partial or complete shutdown of production facilities that do not come under essential goods, owing to prolonged lockdown in major countries, including the U.S., China, Japan, India, Canada and Germany. Paints & coatings and textiles were one of most affected sectors, owing to shutting off the operations, manufacturing, distribution, paints and coatings shops.
Lockdown affected several construction and infrastructure projects, due to supply chain disruptions and unavailability of workers. Construction and electronics sector witnessed a sharp decline, owing to pandemic. As a result, demand for nano zinc oxide in the construction sector decreased, thereby affected the nano zinc oxide market growth.
However, in biomedical industry, zinc oxide nanoparticle (ZnO-NPs) has been widely used as a disinfectant nano-spray for the corona virus (SARS-CoV-2), which in turn resulted in less impact of COVID-19 on this sector.
KEY BENEFITS FOR STAKEHOLDERS
Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.It outlines the current trends and future estimations of the nano zinc oxide market from 2021 to 2031 to understand the prevailing opportunities and potential investment pockets.
The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, & opportunities and their detailed impact analysis are explained in the study.
The profiles of key players and their key strategic developments are enlisted in the report.
Key Market Segments
By Product Type
- Coated Nano ZnO
- Un-coated Nano ZnO
By Application
- Personal Care and Cosmetics
- Paints and Coatings
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- BASF SE
- Nanophase Technologies Corporation
- Umicore
- SAKAI CHEMICAL INDUSTRY CO., LTD.
- SHOWA DENKO K.K.
- Grillo-Werke AG
- EverZinc
- Inframat Advanced Materials, LLC
- Pan-Continental Chemical Co., Ltd
- Lanxess Corporation
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: NANO ZINC OXIDE MARKET, BY PRODUCT TYPE
CHAPTER 5: NANO ZINC OXIDE MARKET, BY APPLICATION
CHAPTER 6: NANO ZINC OXIDE MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Nano Zinc Oxide Market," the nano zinc oxide market was valued at $0.3 billion in 2021, and is estimated to reach $1.1 billion by 2031, growing at a CAGR of 13.2% from 2022 to 2031.Nano zinc oxide has a diameter of less than 100 nanometers. It has high catalytic activity, owing to its increased surface are. It consist of various properties, including anticorrosive nature, antimicrobial property, and UV filtering capabilities.
Nano zinc oxide is widely utilized in paints & coatings industry, owing to its various properties, including thermal barrier, antibacterial, easy-clean, anti-corrosion, protection, and UV-absorbent. Increase in focus by the government on repair of old infrastructure, particularly public spaces, increases the demand for paints. Nano zinc oxide is commonly used in cosmetics as a colorant. In addition, it is employed as a ultraviolet (UV) absorber and skin protector. Increase in demand for nano zinc oxide is due to growth in awareness of appearance and grooming, which, in turn, increases the demand for cosmetic items in the market. Increase in popularity of online cosmetic shopping allows manufacturers and producers to build a large sales network, which continues the nano zinc oxide market trend. People are aware of the side effects of zinc oxide nanoparticles on environment as a result of increase in environmental concerns. Factors, including side effects of zinc oxide and environmental concerns hinder the growth of the nano zinc oxide industry.
Nano zinc oxide market is segmented on the basis of type, application, and region. By type, it is segregated into coated nano zinc oxide and uncoated nano zinc oxide. According to application, it is fragmented into personal care & cosmetics, paints & coatings, and others. Region wise, nano zinc oxide market analysis across North America, Europe, Asia-Pacific, and LAMEA.
Depending on type, uncoated nano zinc oxide segment is projected to hold a significant nano zinc oxide market share. Uncoated nano zinc oxide has properties of blocking UV photons or photoreactive rays, which can induce free radical damage to the skin, especially in skincare applications.
According to application, personal care & cosmetics segment is projected to significantly grow during the forecast period. The growing penetration of nano zinc oxide in personal care and cosmetic products as a UV filter is likely to have a positive impact in the market.
Region wise, Europe dominate the global nano zinc oxide market. Growing penetration of nano zinc oxide in industries, such as paints & coatings, personal care, cosmetics, healthcare, and textiles is expected to provide substantial growth opportunities to industry players during the forecast period.
The major companies profiled in this report include, BASF SE, EverZinc, Griller-Werke AG, Inframat Advanced Materials, LLC, Lanxess Corporation, Nanophase Technologies Corporation, Pan-Continental Chemical Co., Ltd., Sakai Chemical Industry Co., Ltd., Showa Denko Materials Co., Ltd., Umicore N.V Company. These players have adopted strategies such as product launch and business expansion to sustain the competition and to strengthen their foothold in the market.
Impact of COVID-19 on Global Nano zinc oxide Market
- The outbreak of the COVID-19 pandemic has had an adverse impact on the global economy as governments globally were forced to implement lockdowns to prevent the spread of the virus. As a result, the operations of nano zinc oxide were hampered.
- The outbreak of COVID-19 has led to partial or complete shutdown of production facilities that do not come under essential goods, owing to prolonged lockdown in major countries, including the U.S., China, Japan, India, Canada and Germany. Paints & coatings and textiles were one of most affected sectors, owing to shutting off the operations, manufacturing, distribution, paints and coatings shops.
- Lockdown affected several construction and infrastructure projects, due to supply chain disruptions and unavailability of workers. Construction and electronics sector witnessed a sharp decline, owing to pandemic. As a result, demand for nano zinc oxide in the construction sector decreased, thereby affected the nano zinc oxide market growth.
- However, in biomedical industry, zinc oxide nanoparticle (ZnO-NPs) has been widely used as a disinfectant nano-spray for the corona virus (SARS-CoV-2), which in turn resulted in less impact of COVID-19 on this sector
Key Findings of the Study
- Region-wise, Asia-Pacific is projected to grow at the highest CAGR of nearly 38.1%, in terms of revenue, during the forecast period.
- On the basis of application, the personal care & cosmetics segment accounted for the largest market share in 2021.
- Depending on type, the uncoated nano zinc oxide segment garnered the highest share in 2021.
Companies Mentioned
- Basf Se
- Nanophase Technologies Corporation
- Umicore
- Sakai Chemical Industry Co. Ltd.
- Showa Denko K.K.
- Grillo-Werke AG
- Everzinc
- Inframat Advanced Materials, LLC
- Pan-Continental Chemical Co. Ltd
- Lanxess Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
