Nano Zinc Oxide Market Analysis

Nano Zinc Oxide Market Analysis

Un-coated Nano ZNO do not contain any inert coatings and are directly used in finished products. Both coated and uncoated particles are used in the sunscreen products. The size range of ZnO particles used in sunscreens are from 20 to 60 nm. Uncoated zinc is considered more photo-reactive, or UV rays can cause free radical change on the skin. Skincare industry participant Badger uses un-coated zinc oxide in topical skin care products such as creams, lotions and diaper rash cream.
 

On the other hand, coated nano zinc oxide have a higher potentiality towards preparation of electrical and optical devices, solar cell, gas sensors, chemical absorbent varistors, electrostatic dissipative coating, and catalysts for liquid phase hydrogenation. The coated nano zinc oxide market share will witness significant growth of 14.1% CAGR during forecast time spell. Coatings play varied roles such as surface stabilizer, growth modifier, and reducing agent. It enhances the performance characteristics of nano zinc oxide. Materials such as polyvinylpyrrolidone (PVP), silicon oil, oleic acid, amino acid, stearic acid, mineral oil, polyacrylic acid, alumina, copper, silane etc are commonly used as coupling agents, to coat nano zinc oxide particles.
 

Zinc oxide is a multifunctional material with unique chemical and physical attributes, such as paramagnetic nature, chemical stability, broad range of radiation absorption, and high photostability. Nano zinc oxide particles are used in personal care products, paints & coatings, electronics and textiles, in substantial quantities. Personal care products made up for almost half the total demand share owing to the superior properties of the product including reactivity, persistence or bioavailability. The global cosmetic products market was valued at USD 460 billion in 2014 and is estimated to reach USD 675 billion in 2020. ZnO is used in many applications including photo catalysts electronics, optoelectronics, pharmaceutical, sensors, lasers etc. Superior mechanical properties including high surface to volume ratio along with quantum size effect will proliferate the nano zinc oxide market demand in the projected timeframe.
 

Nano zinc oxide is an ideal material for many optoelectronic applications such as ultraviolet lasers, thin film transistors, light emitting diode etc. Its characteristics can also be improved by doping, changing the chemical composition, size, shape, as well as surface area. Rebound in U.S. automotive industry and growth in North American construction industry likely to drive paints and coatings market in the years to come. Nano zinc oxides which is used in paints and coatings shall have strong growth during forecast period.
 

Growing personal care and cosmetics industry in North America and South America shall propel product market demand during forecast period. Growing demand of body care and skin care products from Mexico shall drive the product demand in the region. In the U.S. strong presence of cosmetics and personal care product manufactures coupled with steadily growing textile and electronics industry shall drive product demand.
 

In 2014, the U.S. invested around USD 6 billion in nanotechnology among governments, private investors and corporations. Furthermore, revenue from nano-related products rose around 90% from 2012 to 2014, which depicts great potential of this technology.