Nano Zinc Oxide Market Forecast | 2023-28

Market Insights

The nano zinc oxide market is estimated to grow from USD 327.31 million in 2022 to USD 662.78 million by 2028 at a CAGR of 12.13% during the forecast period.

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What is nano zinc oxide?

Nano zinc oxides are nanoparticles of zinc oxide (ZnO) having less than 100 nanometers of diameter. It is commonly believed that ZnO nanoparticles are one of the three most produced nanomaterials. ZnO nanoparticles are commonly used in sunscreen.

Market Dynamics

Increasing Demand for Sunscreen and Cosmetics

Nano Zinc Oxide, renowned for its UV-blocking properties, is increasingly utilized in sunscreens and cosmetics due to rising awareness of skin protection from harmful UV rays.

Surge in Use in Pharmaceuticals

Nano Zinc Oxide, utilized in pharmaceuticals for drug delivery systems, wound healing, and antimicrobial coatings, is experiencing market growth due to the expansion of the pharmaceutical industry.

Increasing Awareness of Nanotechnology

As nanotechnology gains popularity, industries are exploring new applications for Nano Zinc Oxide, including its use in advanced materials, electronics, and sensors.

Increasing Electronics Industry

Nano Zinc Oxide, with its semiconductor properties, is increasingly utilized in electronics applications like sensors, transparent conductive films, and optoelectronic devices due to the growth of the electronics industry.

Support from Regulatory Bodies

Regulatory bodies in various regions often endorse Nano Zinc Oxide's use in sunscreens due to its safety and efficacy, potentially boosting market growth.

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Key Players

Some of the major nano zinc oxide manufacturers are-

• Advance NanoTek Limited
• BASF SE
• Elementis PLC.
• Grillo Zinkoxid GmbH
• HakusuiTech Co., Ltd.
• Inframat Corporation
• Nanophase Technologies Corporation
• Sakai Chemical Industry Co., Ltd.

Segment Analysis

By Product Type

The market is segmented as coated nano ZnO and un-coated nano ZnO. The un-coated nano ZnO segment held the larger share of the market in 2022 and is expected to remain dominant during the forecast period. The growth of the segment can be attributed to un-coated ZnO not containing any inert coating; enabling it to be directly used for making finished products. Also, it is a better protector from UV rays than coated nano ZnO.

By Application Type

The nano zinc oxide market is segmented as personal care & cosmetics, paints & coatings, textiles, electronics, and others. The personal care & cosmetics segment leads the market as personal care products are much in vogue, such as deodorant, shampoo, sunscreens, toothpaste, soaps, hair conditioner, foundation, perfume, after-shave lotion, and lipstick; thus, driving the growth of the segment during the forecast period.

By Region

North America is estimated to be the largest as well as the fastest-growing market for nano zinc oxide during the forecast period, with The USA and Canada being the major countries offering lucrative growth opportunities. The region’s growth can be attributed to the rapidly growing personal care & cosmetics industry in the North American region, coupled with the presence of a large number of end-users of ZnO such as cosmetics and personal care products, electronics, and textile manufacturers. Europe and Asia-Pacific are also expected to offer considerable growth opportunities over the forecast period.

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Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

 The nano zinc oxide market is segmented into the following categories. 

By Product Type:

• Coated Nano ZNO 
• Un-coated Nano ZNO 

By Application Type:

• Personal Care & Cosmetics 
• Paints & Coatings 
• Textiles 
• Electronics 
• Others 

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. 

What Deliverables Will You Get in this Report?

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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