Nano Zinc Oxide Market Size

Nano Zinc Oxide Market Size

Global Nano Zinc Oxide Market size was valued at over USD 300 million in 2018 and will witness 13.1% CAGR during the forecast timespan.

To get key market trends

  Download Free Sample

Nano zinc oxide dispersions & powders are inorganic zinc oxide nanoparticles that possess antibacterial, antifungal, anticorrosive, catalytic, and UV filtering properties. They are nanoparticles of zinc oxide which have diameters less than 100 nanometers and have a large surface area in correspondence with their size and high catalytic activity. Possible ways to produce zinc oxide nanoparticles include electrochemical depositions, hydrothermal methods, sol–gel method, thermal decomposition, chemical vapor deposition etc.

Cosmetics segment appears to be the most attractive market for the industry players owing to increased purchasing power in the emerging economies and growth in awareness among the consumers regarding adverse effects of UV rays. Factors such as age, location or socioeconomic background plays a vital role in cosmetic industry. Functionality of nano zinc oxide in the cosmetic and personal care is highest due to their exceptional physio-chemical properties. Rising inclination of manufacturers to use soluble and biodegradable nano emulsions in cosmetics will positively influence the nano zinc oxide market growth. Nanoparticles are now popularly used in every personal care product available in market, including shampoo, deodorant, sunscreens, soaps, toothpaste, hair conditioner, perfume, foundation, lipstick, and after-shave lotion owing to increasing demand for sun protection cosmetics. Minimal regulatory constraints and limited health impacts is increasing its implementation in skincare and medical products. Huge expenditure in research & innovation and highly formulated industrial chemicals produced in developed nation will escalate the product demand.
 

Paints and coatings cross-apply to numerous consumer markets from aerospace & automotive to construction and hygiene. They offer a range of functionalities such as thermal barrier, anti-bacterial, easy-clean, anti-corrosion, protective and UV-absorbent etc. Increase in inflow of investment for R&D, growth in utility of nano zinc oxides in various end-use industries, coupled with exceptional physiochemical properties will adoption of nano zinc oxide in various applications. In addition, the fabrics manufactured by using ZnO NPs possess unique function of UV and visible light resistance. Apart from these, the product is also used in various other industries such as electronics, plastics & films, rubber etc.
 

The rising product developments in nanomaterials is providing a positive outlook for utility of metal oxide nanoparticles in the biomedical fields. The increasing applications of nano zinc oxide including antibacterial, anticancer drug, antimicrobial, cell imaging, gene delivery and biosensing will drive the industry share. Additionally, water solubility, biocompatibility and non-toxic synthesis route of nano zinc oxide particle appears to be a lucrative opportunity in biomedical field. However, rising concerns of environmental hazards caused by increasing toxicity of metal-based nanomaterials will restrict nano zinc oxide market share. Zinc oxide nano materials released through the domestic and industrial wastewaters into the aquatic ecosystem will limit the product growth over the projected timeframe.