Nano Zinc Oxide Market By Product Type (Coated Nano ZnO, Un-coated Nano ZnO), By Application (Personal Care and Cosmetics, Paints and Coatings, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Nano Zinc Oxide Market By Product Type (Coated Nano ZnO, Un-coated Nano ZnO), By Application (Personal Care and Cosmetics, Paints and Coatings, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

The global nano zinc oxide market was valued at $0.3 billion in 2021, and is projected to reach $1,1 billion by 2031, registering a CAGR of 13.2% from 2022 to 2031.

Zinc oxide has various uses with unique chemical and physical features, including chemical stability, paramagnetic nature, broad radiation absorption spectrum, and excellent photostability. It is an inorganic and insoluble chemical, which is mostly employed as a product additive. It is transparent, non-toxic, and widely available as powder in the market. Furthermore, nano zinc oxide refers to zinc oxide nanoparticles that are 1 to 100 nanometers in size and contained in an interfacial layer.

Increase in application of nano zinc oxide in personal care industry drives the market growth. ultraviolet () Nano zinc oxide is commonly utilized as a UV filter in cosmetic products, including sunscreen along with its capacity to absorb ultraviolet (UV) radiation. In addition, nano zinc oxide is used as cosmetic colorant to alter the appearance of cosmetic products on the skin, due to the fact that it easily mixes with other particles and is highly stable in nature. The food and drug administration (FDA) approved use of nano zinc oxide. Inhaling nano particles can be hazardous to  health however, usage of nano zinc oxide in skin care is advantageous. The impact of nanoparticles on toxicity, which may easily infiltrate cells and generate oxidative stress is becoming increasingly important. These products pollute the environment, having a significant influence on ecosystem. This restrains the nano zinc oxide market. Furthermore,  combination of zinc oxide nanostructures with nanocellulose and graphene for reduced shape, structure, and size in electronics applications drive the growth of nano zinc oxide market.

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., Umicore N.V Company. Global nano zinc oxide market report provides in-depth competitive analysis as well as profiles of these major players

IMPACT OF COVID-19 ON THE GLOBAL PERSONAL CARE INGREDIENTS MARKET

The outbreak of the COVID-19 pandemic has had an adverse impact on the global economy as governments globally were forced to implement lockdowns to prevent the spread of the virus. As a result, the operations of nano zinc oxide were hampered.
The outbreak of COVID-19 has led to partial or complete shutdown of production facilities that do not come under essential goods, owing to prolonged lockdown in major countries, including the U.S., China, Japan, India, Canada and Germany. Paints & coatings and textiles were one of most affected sectors, owing to shutting off the operations, manufacturing, distribution, paints and coatings shops.
Lockdown affected several construction and infrastructure projects, due to supply chain disruptions and unavailability of workers. Construction and electronics sector witnessed a sharp decline, owing to pandemic. As a result, demand for nano zinc oxide in the construction sector decreased, thereby affected the nano zinc oxide market growth.
However, in biomedical industry, zinc oxide nanoparticle (ZnO-NPs) has been widely used as a disinfectant nano-spray for the corona virus (SARS-CoV-2), which in turn resulted in less impact of COVID-19 on this sector.

Key benefits for stakeholders

Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
It outlines the current trends and future estimations of the nano zinc oxide market from 2021 to 2031 to understand the prevailing opportunities and potential investment pockets.
The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, & opportunities and their detailed impact analysis are explained in the study.
The profiles of key players and their key strategic developments are enlisted in the report.

Key Market Segments

By Product Type

Coated Nano ZnO
Un-coated Nano ZnO

By Application

Personal Care and Cosmetics
Paints and Coatings
Others

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
U.K.
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa,
Saudi Arabia
Rest of LAMEA

Key Market Players

BASF SE
Nanophase Technologies Corporation
Umicore
SAKAI CHEMICAL INDUSTRY CO., LTD.
SHOWA DENKO K.K.
Grillo-Werke AG
EverZinc
Inframat Advanced Materials, LLC
Pan-Continental Chemical Co., Ltd
Lanxess Corporation

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