Press release
Zinc Oxide Nanoparticles Market is expected to reach USD 7,667 million by 2022 | Key players are U.S. Zinc, Zochem, Chemet, Silox, Grillo, Umicore, Mario Pilato, Brueggemann, A-Esse, GH Chemicals, Hakusui, Rubamin, Seyang, Yongchang.
Zinc Oxide Nanoparticles Market Size and Growth Rate:Zinc Oxide Nanoparticles Market was valued at USD 2,096 million in 2017 and projected to reach USD 7,667 million by 2022 growing at a CAGR of 20.30% during the forecast period 2018 to 2022.
Zinc Oxide Nanoparticles Market Overview:
The demand for zinc oxide nanoparticles remains to grow, mainly driven by the market for (UVA/B) filters in sunscreens and sun protection cosmetics. There has been a growing demand over the past 18 months from trademark owners for non-chemical UVA/B filters and this trend is anticipated to continue as regulatory hurdles are surmounted.
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Zinc Oxide Nanoparticles Market Growth Drivers and Restraints:
Development in the inflow of investment for R&D, growth in the perception of nano zinc oxides in various application industries and their extraordinary physiochemical properties drive its adoption in many applications. Nano zinc oxides are added in small amount to improve the performance of end products. Nevertheless, toxicity concerns associated with the use of nano zinc at greater concentration are expected to hinder market growth. presently, paints & coatings and cosmetics are the main application parts of the nano zinc oxides market. In expanding, the demand for nano zinc oxide has witnessed a significant increase across the globe, due to remarkable physiochemical features that increase its scope of applications across different verticals.
Growing demand for various sensors such as bio-sensors, gas sensors, chemical sensors, and optoelectronic devices is anticipated to make the zinc oxide nanoparticles market in the coming future. Furthermore, increasing demand for UVA/B filters in sun strength and sunscreen cosmetics is leading to the development of the market at a significant rate. Nevertheless, toxicity compared with zinc oxide processability may hamper the growth of the market in the next future. Progression of zinc oxide nanoparticles from the workroom level to the industrial level is a major challenge for manufacturers. However, growing investments in industrial collaborations, research & development, and government enterprises are some of the factors that would create ample possibilities for manufacturers in the next few years.
Based on the processing technique, the zinc oxide nanoparticles market has been classified into a spray pyrolysis method, a shower method, hydrothermal method, micro-emulsion method, and a sol-gel method. Sol-gel is one of the most popular processing systems, followed by spray pyrolysis. Demand for these two methods is expected to rise during the projection period, due to cost-effectiveness and simple processability offered by them.
Geographic Insights of Zinc Oxide Nanoparticles Market:
North America drives the market for zinc oxide nanoparticles, due to high expenses in R&D activities in the region. Furthermore, the growing demand for high-quality interior electronics, particularly in the automotive industry, is likely to increase the market in the region during the forecast period. The markets in the Asia Pacific and Europe are expected to expand significantly during the projection period, due to accelerated industrialization and urbanization in the two regions. Rising disposable income in China, ASEAN, and India are required to provide lucrative possibilities to zinc oxide manufacturers in the Asia Pacific in the near future. Growing consumer awareness and improved purchasing power for high-quality makeups in Latin America and Middle East & Africa are circumstances driving the zinc oxide nanoparticles market in the two regions.
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Key Market Players of Zinc Oxide Nanoparticles Market:
U.S. Zinc, Zochem, Chemet, Silox, Grillo, Umicore, Mario Pilato, Brueggemann, A-Esse, GH Chemicals, Hakusui, Rubamin, Seyang, Yongchang, Longli, Zhongse, Jinghua, Haihua, Xingyuan, Haigang, Liuxin, Jixing, Bohigh
Zinc Oxide Nanoparticles Market Key Segmentation:
By Product:
• Pharmaceutical Grade
• Industrial Grade
By Application:
• Rubber
• Lubricating Oil
• Ointment
• Food
• Flame Retardant
• Other
By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East & Africa
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