Nano Zinc Oxide Market Research, 2031
The global nano zinc oxide market was valued at $0.3 billion in 2021, and is projected to reach $1.1 billion by 2031, growing at a CAGR of 13.2% from 2022 to 2031.
Zinc oxide (Zno) is produced by oxidizing zinc metal, which is found naturally in zincite rocks. Nano zinc oxide refers to zinc oxide particles with a size less than 100 nanometers. Zinc oxide nanoparticles (ZnO NPs) are used in an increasing number of industrial products such as rubber, paint, coating, and cosmetics. In the past two decades, nano zinc oxide is one of the most popular metal oxide nanoparticles in biomedical industry due to their excellent biocompatibility, economic, and low toxicity. Nano ZnO have emerged a promising potential in biomedicine, especially in the fields of anticancer and antibacterial fields, which are involved with their potent ability to trigger excess reactive oxygen species (ROS) production, release zinc ions, and induce cell apoptosis. Furthermore, properties including, water solubility, biocompatibility, and non-toxic production technique of nano zinc oxide particles are expected to have significant nano zinc oxide market growth.
However, rise in environmental concerns regarding toxicity of metal-based nanomaterials limit the growth of the market. But advancement in nanomaterial technology has led to the increase in use of nano zinc oxide in biomedical applications. ZnO NPs have emerged a promising potential in biomedicine, especially in the fields of anticancer and antibacterial fields, which are involved with their potent ability to trigger excess reactive oxygen species (ROS) production, release zinc ions, and induce cell apoptosis. Because of these properties, the nano zinc oxide market share is expected to rise in biomedicine field.
The 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. and Umicore N.V Company. The global nano zinc oxide market report provides in-depth competitive analysis as well as profiles of these major players.
Depending on type, uncoated nano zinc oxide segment accounted for around 62.3% of nano zinc oxide market share in 2021 and dominated the industry, owing to its properties of blocking UV photons or photo reactive rays, which can induce free radical damage to skin, especially in skincare applications across Asia-Pacific and North America.
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 on the market.
Region-wise, Europe dominate the market during the forecast period. The nano zinc oxide market is mainly driven by their growing demand from cosmetics and paints & coating industries. The other major end user industries of nano zinc oxide include household products, food contact materials, medical dressings, and textiles.
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 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 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, & nano zinc oxide industry opportunities and detailed impact nano zinc oxide market analysis are explained in the study.
- The profiles of key players and their key strategic developments are enlisted in the report.
Nano Zinc Oxide Market Report Highlights
| Aspects | Details |
 By Product Type |
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 By Application |
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 By Region |
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 Key Market Players | SHOWA DENKO K.K., Inframat Advanced Materials, LLC, Nanophase Technologies Corporation, SAKAI CHEMICAL INDUSTRY CO., LTD., Grillo-Werke AG, EverZinc, Lanxess Corporation, Umicore, BASF SE, Pan-Continental Chemical Co., Ltd |
 Other players in the value chain include | American Elements, Nano Labs, US Research Nanomaterials, Inc., Sigma-Aldrich Co. LLC, Micronisers Pty Ltd. |
Analyst Review
According to the opinions of CXOs of leading companies, nano zinc oxide market is in its developing stage, due to increase in use of nano zinc oxide for various applications across end-user industries supplemented with R&D activities to increase its scope of applications. Global nano zinc market is expected to register significant growth during the forecast period. Asia-Pacific region is expected to be major contributor to the global revenue, due to factors, including increase in demand for UV-A & UV-B filters in cosmetics, rise in demand for nano zinc oxide in anti-microbial coatings, and recent approval for its use by European Commission (EC).
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.
Increase in popularity of online cosmetic shopping allows manufacturers and producers to build a large sales network, boosting market growth. Furthermore, the demand for nano ZnO for the functionalization of textile substrates is growing rapidly, since it can provide unique multifunctional properties including photocatalytic self-cleaning, antimicrobial activity, UV protection, flame retardancy, thermal insulation and moisture management, hydrophobicity, and electrical among the others.
The global nano zinc oxide market is segmented on the basis of product type, application and region.
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.
High demand for ZnO across various end-use industries is anticipated to fuel the demand for nno zinc oxide during the forecast period.
The leading players in the market are 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
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