According to the latest report by IMARC Group, "Global Nano Zinc Oxide Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2023-2028", the global nano zinc oxide market size reached US$ 958.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,166.8 Million by 2028, exhibiting a growth rate (CAGR) of 14.19% during 2023-2028.
Zinc oxide (ZnO) refers to an insoluble white powder formed by oxidizing naturally appearing zinc metal. These particles are commonly available in coated and uncoated variants. Nano zinc oxide exhibits antimicrobial, anti-corrosive, electrical, optical, and ultraviolet (UV) filtering properties. It is also utilized as a bulking agent, essential ingredient, and colorant in various over the counter (OTC) products, such as ointments and sunscreens, to relieve pain and itching, prevent sunburn, and reduce premature aging of the skin. Nano zinc oxide finds widespread applications in food additives, glass and rubber manufacturing, ceramics, cigarette filters, coatings, concrete, lubricants, plastics, sealants, pigments, adhesives, paints, etc.
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Market Trends:
The expanding cosmetics and personal care industries across the globe are among the primary factors driving the nano zinc oxide market. Besides this, the escalating product utilization in several individual maintenance items, including deodorants, sunscreens, soaps, toothpaste, shampoos, hair conditioners, etc., is further augmenting the market growth.
Moreover, the introduction of green synthesized nano zinc oxide, which is extensively used as it exhibits low toxicity and biodegradability, is also catalyzing the global market. Apart from this, the elevating need for these particles in the rubber sector and the development of non-toxic production techniques to manufacture them are acting as significant growth-inducing factors.
Furthermore, the growing product popularity in the healthcare industry for cell imaging, gene transport, chemotherapeutic drugs, and biosensing techniques is anticipated to propel the nano zinc oxide market over the forecasted period.
Global Nano Zinc Oxide Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Nano Zinc Oxide Companies:
Micronisers Pty Ltd, Nanophase Technologies Corporation, Pan-Continental Chemical Co.Ltd., Sakai Chemical Industry Co. Ltd, American Elements, BASF SE, Guangzhou Hongwu Material Technology Co. Ltd., Inframat Advanced Materials LLC (Inframat Corporation), Merck KgaA, Shandong Xingya New Material Co. Ltd., SkySpring Nanomaterials Inc., Tata Chemicals Limited (Tata Group) and Tianxiongjian New Material Co.Ltd.
The report has segmented the market on the basis of type, application and region.
Breakup by Type:
- Uncoated Nano Zinc Oxide
- Coated Nano Zinc Oxide
Breakup by Application:
- Personal Care and Cosmetics
- Paints and Coatings
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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