Worldwide Nano Zinc Oxide Market is expected to expand with a CAGR of 20.4% to reach a value of $7,677 million in 2022 : Acute Market Reports
Nano zinc oxide is a specialized nanomaterial available in the form of powders or dispersions. It is also known as oxydatum, zinci oxicum, permanent white, ketozinc or oxozinc. It exhibits novel physiochemical characteristics, such as anti-bacterial, anti-corrosive, anti-fungal, catalytic, and UV filtering properties. They are mostly used in paints & coatings, cosmetics, household products, food contact materials, medical dressings, textiles, electronics, and others. The report focuses on current market trends and future growth opportunities of nano zinc oxide in various application industries. Moreover, it analyzes the extent of applications for nano zinc oxide in different geographies and suggests the future growth opportunities by analyzing government regulations & policies, thereby further increasing the consumer acceptance in that region. The figures provided in this report are based on the demand or consumption quantity across type of materials and applications at country level. Further, by doing bottom-up approach and considering price trends the market values & volumes were derived. As per Allied Market Research, the global demand for nano zinc oxide was valued at $2,099 million in 2015 and is expected to expand with a CAGR of 20.4% during the forecast period to reach a value of $7,677 million in 2022.
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Increase in inflow of investment for R&D, growth in penetration of nano zinc oxides in various application industries, and their remarkable physiochemical properties drive its adoption in various applications. Nano zinc oxides are added in small quantity to improve the performance of end products. However, toxicity concerns associated with use of nano zinc at higher concentration are expected to hamper the market growth. Currently, paints & coatings and cosmetics are the major application segments of the nano zinc oxides market. In addition, the demand for nano zinc oxide has witnessed a significant growth across the globe, due to remarkable physiochemical properties that increase its scope of applications across diverse verticals.
Nano zinc oxides are structures with manipulation at the molecular level. In the recent years, research & development activities for developing engineered nano zinc oxide applications for the scientific and engineering communities are driven by government investments and industry collaborations. Currently, the demand for nano zinc oxide has witnessed significant growth especially in the Asia-Pacific and European regions due to rapid industrial developments and rise in demand from various application industries. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Cosmetics is the most attractive application market for the industry players owing to increased purchase in power in the emerging economies and growth in awareness among the consumers regarding adverse effects of UV rays. Also, the penetration of nano zinc oxide in the cosmetic application is highest due to their exceptional physio-chemical properties. Zinc oxide is an inorganic compound represented by the chemical formula, ZnO. It is a white powder, insoluble in water. It is commonly used in plastics, ceramics, glass, cement, rubber, lubricants, paints, ointments, adhesives, sealants, pigments, foods, batteries, ferrites, and fire retardants. Nanoscale zinc oxide is approximately 100 times finer than the zinc oxide with different physical properties, and is manufactured for use in specific applications. It can be synthesized into various morphologies such as nanowires, nanorods, tetrapods, nanobelts, nanoflowers, nanoparticles, and others. It is available in forms, namely powders and dispersion. Nanoparticles zinc oxide exhibits antibacterial, anti-corrosive, antifungal, and UV filtering properties.
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Nano zinc oxide provides long-term protection from harmful UV radiation in unfavorable environments. Among substrates, UV protection is critical for long-term performance of substrates and their coatings. The performance of coatings is influenced by the amount and type of UV absorber.
Nano zinc oxide is used as a UV blocker in various sunscreen applications. It is one of the most widely used ingredients in sunscreen products. It is manufactured in the size range of 20‐60 nm for use in cosmetic products. Usually, it is coated with silicon or aluminum oxide prior to use in cosmetic products.
Asia-Pacific is the fastest growing region in the world nano zinc oxide market. New entrants have focused on expanding their presence in the emerging market especially China, India, ASEAN, and others. In 2015, Asia-Pacific was the largest region in the world nano zinc oxide market, accounting for more than one-third share of the total demand.
Increased disposable income of countries, such as China, India, ASEAN, and others boost the growth of industries such as paints & coatings, cosmetics, and personal care. Rapid industrialization along with increase in investments in these industries has fueled the growth of the market. China is one of the leading countries across the globe in terms of demand and commercialization of nano zinc oxide-based products. Advanced Nano Technologies Limited, Hakusuitech Co., Ltd., Nanophase Technology Corporation, Sakai Chemical, Showa Denko, and Weifang Longda Zinc Industry, Co., Ltd. are some of the major players in the Asia-Pacific nano zinc oxide market.
Key players profiled in this report include Advanced Nano Technologies Limited, BYK, Elementis Specialties, Grillo Zinkoxid GmbH, Hakusuitech Co. Ltd.; Nanophase Technology Corporation, Sakai Chemical, Showa Denko, Umicore, and Weifang Longda Zinc Industry Co. Ltd.
Other players in the value chain include American Elements, Nano Labs, US Research Nanomaterials, Inc., Sigma-Aldrich Co. LLC, Micronisers Pty Ltd., and others.
NANO ZINC OXIDE MARKET KEY BENEFITS
- This report provides an extensive analysis of the current as well as emerging market trends and dynamics in the global nano zinc oxide market.
- Geographically, the nano zinc oxide market is analyzed based on various regions such as North America, Europe, Asia-Pacific, and LAMEA along with analysis of major countries in each region.
- In this study, evaluating competitive landscape and value chain is taken into account to understand the competitive environment across geographies.
- This report provides a detailed quantitative analysis of the current market and estimations from 2014 to 2022, which identifies the prevailing market opportunities.
- This report analyses current trends and future market potential, from 2014 to 2022, in terms of revenue and volume.
- Extensive analysis of the market is conducted by monitoring the top competitors within the market framework.
NANO ZINC OXIDE MARKET KEY SEGMENT
The world nano zinc oxide market is segmented as below:
Paints & Coatings
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
MARKET PLAYERS IN VALUE CHAIN
Advanced Nano Technologies Limited
BYK Additives & Instruments
Grillo Zinkoxid GmbH
Hakusuitech Co., Ltd.
Nanophase Technology Corporation
Weifang Longda Zinc Industry, Co., Ltd.
Other Major players in the industry are
US Research Nanomaterials, Inc.
Sigma-Aldrich Co. LLC
Micronisers Pty Ltd.
Chapter: 1 INTRODUCTION
1.1 Report description
1.2 KEY MARKET BENEFITS
1.3 KEY MARKET SEGMENTS
1.4 Research methodology
Chapter: 2 EXECUTIVE SUMMARY
2.1 CXO Perspective
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Chapter: 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top Investment Pockets
3.3 Value chain analysis
3.4 Porter’s five forces analysis
3.4.1 Bargaining power of the supplier
3.4.2 Bargaining power of the buyer
3.4.3 Threat of substitute
3.4.4 Competitive rivalry
3.4.5 Threat of new entrant
3.5 Market dynamics
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