Custom Market Insights has published a new research report titled “Nano-metal Oxides Market Size, Trends and Insights By Type (Aluminium oxide, Titanium dioxide, Copper oxide, Magnesium oxide, Zinc oxide, Others), By End User (Building and construction, Healthcare, Automotive, Optics & electronics, Ceramic & glass, Personal care, Paints & coatings, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for global Nano-metal oxides Market size & share was valued at approximately USD 1.0 Billion in 2021 and is expected to reach USD 1.11 billion in 2022 and is expected to reach a value of around USD 2.0 Billion by 2030, at a compound annual growth rate (CAGR) of about 7.53% during the forecast period 2022 to 2030.”
Nanometal oxide is tiny metal particles, including titanium, aluminium, zinc, magnesium, and others. It has a diameter of fewer than 100 nanometers. It is a white powder extracted from oxidizing zinc oxide particles. It has high catalytic and a high surface area, predominantly used in various end-use industries such as rubber, paints and coatings, personal care and cosmetics, textile, and others.
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Robust demand from the cosmetics industry
The cosmetics and personal care sector is one of the emerging sectors across the globe where zinc nano-metal oxides are extensively used to formulate various skincare and body care products such as lotions, sunscreen, gels, and moisturizers which will protect the skin from U.V. rays. Therefore, the growing demand from the cosmetics and personal care industry has increased the potential sales of nanometal oxides in the market.
Side effects associated with nano-metal oxides
There are numerous uses for nano-metal oxides in various end-use industries. However, inhaling nanometal oxides will hurt the 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; instead, they remain on the skin’s surface and in the outer layer of the skin composed of non-viable cells. These factors are restraining the overall growth of the nano-metal oxides market.
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Growing demand from the construction sector
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-metal oxides are used as a coating, preservative, and protecting layer. The nano-metal oxides 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. Together, these factors are projected to create remunerative opportunities for the future expansion of the nano-metal oxides market.
Advancement of technology
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-metal oxides market. Therefore, these factors are expected to inhibit the growth of nanometal oxides in the market.
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The segment includes aluminium oxide, titanium dioxide, copper oxide, magnesium oxide, zinc oxide, and others based on product type. The zinc oxide type segment dominated the market in 2021 and is expected to grow with a total share of 28% over the forecast period. The 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 nanometal oxide. In addition, during the forecast period, the growing demand for kiln furnaces from the building and construction sector and the manufacturing industry have witnessed significant growth for the metal oxide nanoparticle market.
EPRUI Biotech Co. Ltd.
Hongwu International Group Ltd
Intelligent Materials Pvt. Ltd. (Nanoshel)
Meliorum Technologies Inc.
Nanophase Technologies Corporation
NanoResearch Elements Inc.
SkySpring Nanomaterials Inc.
Star Grace Mining Co. Ltd.
Xuan Cheng Jing Rui New Material Co. Ltd
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