Rising Application in Several Industries to Fuel Growth of the Nano Zinc Oxide Market
The global nano zinc oxide market is growing due to increased zinc usage in the construction industry and rising popularity in biomedical applications. Due to zinc’s exceptional physiochemical properties, increased R&D investment are happening. The benefits of nano zinc oxides in various end-use industries, like paints & coatings, household products, food contact materials, cosmetics, medical dressings, textiles, and electronics will drive the growth of the nano zinc oxide market. The growing consumption of premium skincare products, in emerging economies, as disposable income rises, is expected to drive of nano zinc oxide market growth. The most common application of nano zinc oxide is in the manufacture of sunscreen lotions. The increased demand for sunscreen among athletes, and travellers has indirectly aided the growth of the global nano zinc oxide market. For instance, skincare accounts for approximately 42 % of the cosmetic market segment. Skincare remains one of the most profitable product categories, with a revenue of approximately 177 billion US dollars in 2025. L'Oréal, the French cosmetics company, was the world's leading beauty manufacturer in 2021, with approximately 34 billion US dollars in revenue.
Nano zinc oxide particles are mixed in coatings and paints that are used in the construction industry, the use of nano zinc oxide in nano paints and coatings in the automotive industry, to increase hardness and durability, is further propelling market growth. According to International Organization of Motor Vehicle Manufacturers (OICA), light commercial vehicle production in France increased by 6.5% in 2019 to 527,262. In 2021, light commercial vehicles accounted for roughly 80% of global commercial vehicle production. Worldwide, approximately 18.6 million light commercial vehicles were produced. This represents an eight percent increase year on year since 2020, when 17.2 million light commercial vehicles were produced. As a result, increased automation production will necessitate the use of more nano paints and coatings, acting as a driver for the nano zinc oxide market during the forecast period.
Increased Demand for Nano Zinc Oxide in Personal Care and Cosmetics Industry to Drive Market Growth
The personal care and cosmetics segment is expected to grow at the fastest rate over the forecast period. This is due to its use as an ingredient in many personal care products and as a UV blocker in various sunscreen applications. The ultraviolet content of the sun's rays is extremely harmful and damaging, as it can cause a variety of acute and chronic diseases such as skin cancer, erythema, and others. Sun exposure is a major concern of the population these days due to the spread of skin disease. As a result, the demand for sun protection products is increasing at an exponential rate, driving the nano zinc oxide market. Furthermore, because of its excellent physio-chemical properties, nano zinc oxide has a high functional value in cosmetics. Nanoparticles are now widely used in virtually every personal care product on the market, including shampoo, deodorant, sunscreens, soaps, toothpaste, hair conditioner, and others.
Growing Demand in Cosmetics and Paints and Coatings industries to Drive Growth of European Nano Zinc Oxide Market
Europe is expected to dominate the market over the forecast period. The growing demand for nano zinc oxide in the cosmetics, and paints and coatings industries is driving the market. In this area, nano zinc oxide is safe to use on the skin. Household products, food contact materials, medical dressings, and textiles are some of the other significant end user industries for nano zinc oxide. The market is expected to rise in this region due to rising R&D spending, increased application of nano zinc oxides in a variety of sectors, and their remarkable physiochemical features. As an ultraviolet (UV) filter, nano zinc oxide is used in sunscreen. The market for nano zinc oxide is being driven by the growing popularity of biomedical applications. The European cosmetics and personal care market, valued at 81.6 billion USD at retail sales price in 2020, is the world's largest market for cosmetic products. Moreover, in 2019, the global sunscreen cream market was valued at around 8.5 billion USD, with a projection of over 10.7 billion USD by 2024.
Asia Pacific region is expected to grow at the fastest rate. The increase in demand is linked to the cosmetics, and paints and coatings sectors. The region's expansion can be attributed to the rapidly growing personal care and cosmetics industry China, Japan, and India, as well as the presence of a large number of ZnO end-users such as cosmetics and personal care products, electronics, and textile manufacturers. For instance, EverZinc increased its production capacity in the Netherlands, while BYK expanded its footprint by establishing new business divisions in Shanghai (China).
Global Nano Zinc Oxide Market: Competitive Landscape
In July 2020, Tata Chemicals' patented nZnO process has resulted in a new variant known as Zingtex, which can be used in textile applications. Zingtex's smaller particle size, higher surface area, antimicrobial properties, and high hydrophobicity activity result in a one-of-a-kind stain-resistant fabric. On the other hand, in July 2019, Vizor LLC has introduced inorganic sunscreen ingredients based on patent-pending surface modification technology that can provide significantly higher SPF values while using less material and performing better than conventional zinc oxide ingredients. In formulation, Super Zinc Natural and Super Zinc 1000 provide better dispersibility, superior wetting, and lower viscosity.
A few of the players in the Nano Zinc Oxide market include BASF SE, EverZinc, Griller-Werke AG, Inframat Advanced Materials, LLC, Lanxess Corporation, Nanophase Technologies Corporation, Pan-Continental Chemical Co., Ltd., Sakai Chemical Industry Co., Ltd., Showa Denko Materials Co., Ltd., and Umicore N.V.
Global Nano Zinc Oxide Market is Segmented as Below:
Key Elements Included In The Study: Global Nano Zinc Oxide Market
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