Global Nano Zinc Oxide Market Share Likely to Grow at a CAGR of 21.53% By 2030.
According to Custom Market Insights (CMI), The Global Nano Zinc Oxide Market size was estimated at USD 6.85 billion in 2021 and is expected to hit around USD 44.8 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 21.53 % from 2022 to 2030.
Nano zinc oxides are tiny particles of zinc oxide with diameters less than 100 meters. It is a white powder extracted from oxidizing zinc oxide particles. It has high catalytic and possesses a high surface area, which is predominantly used in various end-use industries such as rubber, paints and coatings, personal care and cosmetics, textile, and others.
Browse the full “Nano Zinc Oxide Market Size, Trends and Insights By Product Type (Coated Nano Zinc Oxide, Uncoated Nano Zinc Oxide), By Application (Personal Care and Cosmetics, Healthcare, Agriculture, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” report at ReportURL.
The cosmetics and personal care sector is one of the emerging sectors globally where nano zinc oxide is extensively used to formulate various skincare and body care products such as lotions, face creams, gels, and moisturizers to protect the skin from U.V. rays. The growing demand from the cosmetics and personal care industry has increased the potential sales of nano zinc oxide in the market.
There are numerous uses of nano zinc oxide in various end-use industries. However, inhaling nano zinc oxide particles will harm health and cause lung damage and skin cancer. For instance, according to an article published by Cancer Council, zinc oxide nanoparticles (commonly used sunscreen active ingredients) do not reach viable skin cells; rather, they remain on the skin’s surface and in the outer layer of the skin, which is composed of non-viable cells. These factors are restraining the overall growth of the nano zinc oxide market.
The factors such as the rise in population across the globe, rising infrastructure activity, increasing urbanization, industrialization, and others propelling the construction sector where nano zinc oxide is used as a coating, preservative, and protecting layer. The nano zinc oxide market has witnessed significant growth owing to the increased demand for paint and coating from architectural paints. For instance, Nanophase Technologies Corporation offers NanoArc Zinc Oxide, which can absorb U.V. light to provide enduring film protection in exterior architectural paint. These factors together are projected to create remunerative opportunities for the future expansion of the nano zinc oxide market.
The adoption of nanotechnology in the formulation of nano zinc particles may be considered a challenging facto and adverse effect on human health, hampering the growth of the nano zinc oxide market. These factors are expected to hamper the market’s growth of nano zinc oxide.
Based on product type, the segment includes coated nano zinc oxide and uncoated nano zinc oxide. The uncoated zinc oxide segment dominated the market in 2021 and is expected to grow over the forecast period. The uncoated nano zinc oxides are used for topical skincare products such as calamine lotion, diaper rash creams, and sunscreen. This is anticipated to increase the industrial sector’s demand for nano zinc oxide.
Based on Application, the segment includes personal care and cosmetics, healthcare, agriculture, and others. The personal care and cosmetics industry dominates the nano zinc oxide market and is expected to remain the dominant segment during the forecast period. The consumer uses nano zinc oxide-containing cosmetics products such as lotions, creams, foundations, and many others widely due to their U.V. protection ability. The demand for nano zinc oxide is projected to grow in the cosmetics industry during the forecast period.
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific is the dominant region in the nano zinc oxide market. This region is also anticipated to maintain its dominance throughout the forecast period. Countries such as China, Japan, India, and others have significantly contributed to the growth of the nano zinc oxide market in the region. Key factors for the growth of pharmaceutical, cosmetics, and personal care products, the medical sector, agriculture, and other end-use industry has surged the demand for nano zinc oxide. Furthermore, the pharmaceutical sector is one of the booming sectors in India. For instance, according to a report published by NITI Aayog in March 2021, India’s healthcare industry has been growing at a Compound Annual Growth Rate (CAGR) of around 22% since 2016. This rate is expected to reach USD 372 billion in 2022. These factors together increase the usage of nano zinc oxide in the growing pharmaceutical for the formulation of various creams, lotions, sunscreen creams, and many others.
North America and Europe show considerable growth during the forecast period. The U.S. and Canada account for the major share of the cosmetics and skin care products sector. Several manufacturing industries in Germany, the U.K., and other European countries have increased their production capacities for the nano zinc oxide used in various end-use industries, including textile, cosmetics, electronics, paint and coatings.
|Feature of the Report||Details|
|Market Size in 2021||USD 6.85 Billion|
|Projected Market Size in 2030||USD 44.8 Billion|
|CAGR Growth Rate||21.53% CAGR|
|Prominent Players||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., American Elements, Nano Labs, U.S. Research Nanomaterials Inc., Sigma-Aldrich Co. LLC, Micronisers Pvt Ltd, and Others|
|Key Segment||By Product Type, Application, and Region|
|Report Coverage||Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends|
|Regional Scope||North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America|
|Buying Options||Request tailored purchasing options to fulfill your requirements for research.|
Inframat Advanced Materials LLC
Nanophase Technologies Corporation
Pan-Continental Chemical Co. Ltd.
Sakai Chemical Industry Co. Ltd.
Showa Denko Materials Co. Ltd.
U.S. Research Nanomaterials Inc.
Sigma-Aldrich Co. LLC
Micronisers Pvt Ltd
The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses to lives and the economy around the globe.
The nano zinc oxide market has had little impact due to the wake of the COVID-19 pandemic, owing to the rise in cases of COVID-19; implementation of emergency protocols and shutdown of various operations and facilities have been observed during 2020.
Due to the spread of the coronavirus pandemic, the manufacturer has faced challenges in terms of operation and supply chain due to government restrictions during the lockdown.
However, the nano zinc oxide market faced several difficulties with material supply chain disruptions, and labor shortages, in 2020.
Furthermore, to control the surge of novel coronavirus cases, there is a drastic shift of investments from other sectors toward the cosmetics sector. Also, several nano zinc oxide-based product manufacturing companies have shut down or shrunk their operations due to the risk of infection among the workforce.
This has temporarily hampered the demand and supply chain of the nano zinc oxide market. In addition, the falling income of customers has led contraction in demand for glasses, refractory materials, and others during the COVID-19 period.
In the first quarter of 2021, the market for nano zinc oxide has experienced an increase in the demand for nano zinc oxide chemicals in pharmaceutical, healthcare, and other end-use industry worldwide, compared to 2020.
Segments covered in the report
By Product Type
Coated Nano Zinc Oxide
Uncoated Nano Zinc Oxide
Personal Care and Cosmetics
- The U.S.
- The UK
- Rest of Europe
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Rest of Latin America