According to the latest report by IMARC Group, titled "Nano Zinc Oxide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global nano zinc oxide market size reached US$ 958.5 Million in 2022. Zinc oxide (ZnO) is a versatile compound widely used in various applications due to its unique properties, and when produced at the nanoscale, it exhibits enhanced properties and novel characteristics compared to its bulk counterpart. Nano zinc oxide (nano-ZnO) refers to zinc oxide particles that have been reduced to the nanoscale range, typically with dimensions. It possesses a high surface-to-volume ratio, which leads to increased reactivity and surface area. Additionally, it exhibits unique optical, electrical, magnetic, and catalytic properties at the nanoscale. As a result, it is gaining widespread traction across the globe as its bandgap can be tuned by altering the particle size, allowing for applications in diverse fields.
Global Nano Zinc Oxide Market Trends:
The global market is primarily driven by the growing demand for effective UV protection in sunscreens and cosmetic products. This can be attributed to its ability to absorb and scatter UV radiation, making it an ideal ingredient for sunscreens and other personal care products. Also, with the increasing concerns over microbial contamination and the rise of antibiotic resistance, there has been a growing need for effective antimicrobial agents. Nano-ZnO has demonstrated strong antimicrobial activity against bacteria, viruses, and fungi, which is driving its use in various applications, such as textiles, coatings, paints, and medical devices. Moreover, the widespread utilization of nano-ZnO in the field of nanomedicine, such as drug delivery systems, diagnostic imaging, and cancer treatment is providing an impetus to the market. Furthermore, numerous ongoing research and advancements in nanotechnology are contributing to the development and understanding of nano-ZnO. As scientists uncover new properties, synthesis methods, and applications, the potential for nano-ZnO expands, thereby driving the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 2,166.8 Million by 2028, exhibiting a CAGR of 14.19% during 2023-2028.
- On the basis of the type, the market has been categorized into uncoated and coated nano zinc oxide.
- Based on the application, the market has been segmented into personal care and cosmetics, paints and coatings and others.
- Region wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include American Elements, BASF SE, Guangzhou Hongwu Material Technology Co. Ltd., Inframat Advanced Materials LLC (Inframat Corporation), Merck KgaA, Micronisers Pty Ltd, Nanophase Technologies Corporation, Pan-Continental Chemical Co.Ltd., Sakai Chemical Industry Co. Ltd, Shandong Xingya New Material Co. Ltd., SkySpring Nanomaterials Inc., Tata Chemicals Limited (Tata Group) and Tianxiongjian New Material Co.Ltd.
|Base Year of the Analysis
||Type, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||American Elements, BASF SE, Guangzhou Hongwu Material Technology Co. Ltd., Inframat Advanced Materials LLC (Inframat Corporation), Merck KgaA, Micronisers Pty Ltd, Nanophase Technologies Corporation, Pan-Continental Chemical Co.Ltd., Sakai Chemical Industry Co. Ltd, Shandong Xingya New Material Co. Ltd., SkySpring Nanomaterials Inc., Tata Chemicals Limited (Tata Group) and Tianxiongjian New Material Co.Ltd.
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