December 20, 2019
According to the research report titled ‘Nano Zinc Oxide Market Size By Product (Coated Nano ZnO, Un-coated Nano ZnO), By Application (Personal Care & Cosmetics, Paints & Coatings, Textiles, Electronics), Industry Analysis Report, Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’, available at MarketStudyReport.com, the global nano zinc oxide market is expected to be worth USD 800 million by the year 2026.
For the record, nano zinc oxides are extensively used for anticancer and antibacterial applications owing to its high ROS (reactive oxygen species) triggering ability resulting into release of zinc ions. The product is used across various industries such as paints & coatings, personal care & cosmetics, textiles, and electronics.
Growing consumer inclination towards using safe and reliable cosmetic products, coupled with rising awareness regarding the benefits of inorganic ingredients are driving the nano zinc oxide market growth. The market is expected to further expand owing to rising adoption of nano zinc oxides in paints & coatings and cosmetics industries. Escalating consumer disposable income and surging need for high quality cosmetics are augmenting the demand for nano zinc oxide across the globe.
Combining nano materials with zinc oxide nanostructures facilitate in reducing shape and structure of the product. Moreover, nano zinc oxides have a larger surface area and improved crystalline properties. Thus, shifting preference towards utilizing nano zinc oxides nanosheets in manufacturing of electronic devices is also influencing the market trends.
Development of innovative products, FDA approvals, and favorable federal initiatives for examining toxicological profile to predict the safety of products are augmenting the industry outlook. However, rising applications and production of nano zinc oxides is leading to higher emissions via domestic and industrial wastewaters. This, coupled with rising environment concerns may hinder the growth of the market.
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In terms of product type, nano zinc oxide market is categorized into uncoated nano ZnO and coated nano ZnO. Coated nano zinc oxides notably provide better UVA protection and hence used extensively in sunscreens and other personal care products. Furthermore, rising manufacturing and export of such products, in consort with escalating investments in infrastructure are aiding the expansion of nano zinc oxide industry share.
The prominent companies operating in nano zinc oxide industry are Inframat Corp., SkySpring Nanomaterials, Inc., BASF Se, Advance NanoTek Limited, Showa Denko K.K, Sakai Chemical Industry Co. Ltd., Nanophase Technologies Corp., HakusuiTech Co. Ltd., Grillo Zinkoxid GmbH, and Elementis Plc. among others.
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