Nano Zinc Oxide Market is likely to reach USD 800 million by 2026. Increasing integration of nano zinc oxides in cosmetics, paints & coatings industries will propel the market share over the projected timeframe
Some major findings of the nano zinc oxide market report include:
- Combination of zinc oxide nanostructures with nano materials including nanocellulose and graphene for the reduced shape, structure and size will significantly support the industry expansion
- Higher ability for triggering reactive oxygen species (ROS) with the release of zinc ions supports the product applications in antibacterial and anticancer fields
- Electronics sector is opting for nano zinc oxide nanosheets owing to their improved crystallinity and larger surface area
- Manufacturers are involved in developing strategies and selecting distributors for increasing their supply network to increase their customer base
- Surging production and applications of nano ZnO is resulting in their increased environmental release through industrial and domestic wastewaters
Shifting consumer inclination towards utilizing safe and reliable cosmetic products is likely to propel the industry size over the forecast timeframe. Coated nanoparticle zinc oxides are utilized in sunscreens for providing better UVA protection. Increasing consumer awareness and information availability regarding inorganic products will prominently impact the product penetration. Further, proliferating purchasing power in conjunction with demand for high quality cosmetic products will collectively contribute towards industry expansion.
Compliance regulations and standards pertaining with cosmetic product safety are proposed by government bodies including U.S. Food and Drug Administration (FDA). The FDA is closely working with industry participants for evaluating the safety of sunscreen active ingredients. Moreover, introduction of new products complying with updated standards will escalate the nano zinc oxide market share over the forecast timeframe. Ongoing research activities and scientific studies are targeted towards examining the toxicological profile of nano zinc oxide particles. Development of new paint and coating formulations with reduced nanoparticle concentration and particle size distribution will support the industry size over the forecast timeframe.
Nano zinc oxides are used as pigment and mould inhibitors in latex paints and coatings to improve photostability and thermal stability. Proliferating infrastructural investments in conjunction with expansion and renovation of existing infrastructure will provide positive outlook for the architectural coatings. Easy availability of products offering UV protection and anti-microbial properties is attributed towards strong network of suppliers and distributors. Increasing production and exports of coatings will provide potential opportunities for the regional growth. For instance, in 2018, U.S. coatings exports value rose to USD 1.85 billion accounting two-third of the total industry exports.
Industry players are focusing to provide high-quality products at cost-effective prices through advanced processing technologies. They focus on serving a large consumer base by expanding their production & distribution capabilities. In April 2019, Advance NanoTek announced expansion of its manufacturing capability with inauguration of its Australian facility in Brisbane. This expansion will enable company to establish itself as an efficient supplier of zinc oxide products in the industry.