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A01393 | Pages: 232 | Charts: 57 | Tables: 177 |
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.
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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.
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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.
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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.
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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.
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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
KEY BENEFITS FOR STAKEHOLDERS
Key Market Segments
Key Market Players
Other players in the value chain include