Nano Zinc Oxide Market Analysis | 2023-2028

Market Insights

The nano zinc oxide market was estimated at USD 327.31 million in 2022 and is likely to grow at a CAGR of 12.13% during 2023-2028 to reach USD 662.78 million by 2028.

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Market Dynamics

Introduction

Nano zinc oxide (ZnO) is a nanomaterial with particle sizes typically ranging from 1 to 100 nanometers. Known for its exceptional optical, antibacterial, and UV-blocking properties, it is widely used in cosmetics, sunscreens, and personal care products as a UV absorber. Its small particle size provides a transparent finish, making it ideal for aesthetic applications. Additionally, nano zinc oxide is utilized in electronics, paints, coatings, and medical products due to its high chemical stability, photocatalytic activity, and antimicrobial characteristics. Its unique properties make it a versatile material, driving its adoption across various industries for innovative applications.

Market Drivers

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

The following are the key players in the nano zinc oxide market?:

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

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Product Type

"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 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

"Personal care & cosmetics segment leads the market during the forecast period"

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.

Regional Analysis

"North America is estimated to be the largest as well as the fastest-growing market for nano zinc oxide during the forecast period"

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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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s nano zinc oxide market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 15 detailed primary interviews with market players across the value chain in all four regions and 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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 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)

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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

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.