Global Zinc Oxide Dispersions Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Zinc Oxide Dispersions Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Zinc Oxide Dispersions are suspensions of zinc oxide in a solvent. The dispersions have excellent Stability at high concentrations of Zinc oxide and are useful for preparing Sunscreen formulations, cosmetics and so on.

Market Overview:

The latest research study on the global Zinc Oxide Dispersions market finds that the global Zinc Oxide Dispersions market reached a value of USD 77.1 million in 2022. It’s expected that the market will achieve USD 115.23 million by 2028, exhibiting a CAGR of 6.93% during the forecast period.

COVID-19 lockdown policies reduce demand growth in downstream markets for Zinc Oxide Dispersions

During COVID-19, lockdown policies from government agencies have reduced the need for sun protection. During the COVID-19 pandemic, domestic and international travel bans have resulted in the cancellation of some holiday and business trips. Likewise, people are being asked to stay at home, thereby limiting their overall exposure to the sun, which has negatively impacted sunscreen product sales. At the same time, the global economic slowdown has also reduced the purchasing power of the global population, resulting in less consumption of non-essential goods. For example, Edgewell Personal Care Corporation, owner of the popular Banana Boat sunscreen brand, reported a roughly 30% drop in organic net sales in its Sunscreen segment in the fiscal third quarter ended 2020. While travel bans and lockdown rules are lifted, sales of sunscreen products are also expected to increase gradually. However, there is currently no complete solution to COVID-19. Therefore, COVID-19 has a certain restrictive effect on the Zinc Oxide Dispersions industry.

Zinc Oxide Dispersions have excellent properties

Ultraviolet rays from the sun are the main source of skin burns, skin pigmentation and skin cancer. With the continuous increase of global ultraviolet radiation intensity and the development of dermatology, the damage of ultraviolet rays to human skin has gradually attracted people's attention. Ultraviolet rays have strong penetrating ability and are cumulative. Long-term exposure to the skin can cause photoaging phenomena such as reduced skin elasticity, increased skin roughness and increased wrinkles. Zinc oxide is an important physical sunscreen agent. Its principle of shielding ultraviolet rays is to absorb and scatter ultraviolet rays. In recent years, it has been widely used in sunscreen cosmetics. Due to the weak dispersion strength in the cosmetic manufacturing process, zinc oxide particles are difficult to disperse to the original particle size, and the transparency and ultraviolet shielding properties of zinc oxide cannot be fully exerted. In order to solve this problem, the zinc oxide particles are prepared into a dispersion form that is easy to disperse, has good transparency and high ultraviolet shielding efficiency, which is not only convenient for cosmetic manufacturers to use, but also improves the ultraviolet shielding effect of zinc oxide, and can also reduce zinc oxide. Dust pollution during transportation and use. Therefore, in the cosmetic industry, Zinc Oxide Dispersions products have better use effect and more convenient transportation than zinc oxide particles, and cosmetic manufacturers are more inclined to choose Zinc Oxide Dispersions products. This will benefit the growth of the Zinc Oxide Dispersions market.

Sunscreen Industry Growth Drives Zinc Oxide Dispersions Industry Growth

Zinc Oxide Dispersions are widely used in the sunscreen industry. Sunburn, skin aging, and cancer occur when the skin is exposed to high-intensity sunlight for extended periods of time. Also, growing skin-related problems due to UV exposure are driving the consumption of sunscreen products. Additionally, initiatives by cancer care organizations to increase sun protection awareness will drive the demand for sunscreen products. According to data released by Statista, in 2021, the global sun care market generated a revenue of 8.28 billion U.S. dollars, and the Statista Consumer Market Outlook estimates that revenues will by 2026 amount to 13.64 billion U.S. dollars. Therefore, the development of the sun care industry will Drive the growth of the Zinc Oxide Dispersions market.

Region Overview:

In 2021, the share of the Zinc Oxide Dispersions market in North America stood at 37.72%.

Company Overview:

BASF, Sakai Chemical, Advance ZincTek were the top 3 players in the Zinc Oxide Dispersions market in 2022, taking up a market share of 40.63% together.

BASF

BASF SE is a chemical company. The Company operates in six segments, including chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. BASF offers products for the chemical, automotive, construction, agriculture, oil, plastics, electrical, electronics, furniture, and paper industries, and provides a range of system solutions and services.

Sakai Chemical

Sakai Chemical primarily produces inorganic chemicals. The Company's main products include titanium oxide, polyvinyl chloride stabilizers, pharmaceuticals, and electronic industry materials.

Segmentation Overview:

Among different product types, Nano segment is anticipated to contribute the largest market share in 2027.

According to the size classification of zinc oxide particles, the products are divided into Nano and Non-Nano. Nano's particle sizes are less than 100nm.

Application Overview:

By application, the Sunscreen segment occupied the biggest share from 2017 to 2022.

Sunscreen

Zinc Oxide Dispersions are physical sunscreens. It can shield the ultraviolet rays in the sun and is widely used in sunscreen cosmetics.

Key Companies in the global Zinc Oxide Dispersions market covered in Chapter 3:

Sakai Chemical
Kobo
EverCare
Chemland
The Innovation Company
Sunjin Beauty Science
Grant Industries
Sensient
Croda
Vizor
Advance ZincTek
Applechem
BASF

In Chapter 4 and Chapter 14.2, on the basis of types, the Zinc Oxide Dispersions market from 2018 to 2029 is primarily split into:

Nano
Non-Nano

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Zinc Oxide Dispersions market from 2018 to 2029 covers:

Sunscreen

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)