Global Zinc Oxide Nanoparticles Market Size and Growth:
The global zinc oxide nanoparticles market is poised to embark on a positive growth trajectory, expanding at a CAGR of ~7% during the forecast period (2020-2030). With the efficacy to offer broad spectrum protection in sunscreens against UVA and UVB (in the range of 320–400 nm), zinc oxide nanoparticles have emerged as the best choice of UV filters among sunscreen manufacturers.
Impressive protection against pre-mature skin aging such as wrinkling and uneven pigmentation coupled with prevention against skin cancer have driven the consumption of zinc oxide nanoparticles in recent years. Further, its compatibility with other metal oxides such as titanium dioxide to improve UVB protection and to increase the sun protection factor will fuel the demand for zinc oxide nanoparticles.
Zinc Oxide Nanoparticles Market Research by Application
Increasing concern around solar radiations and their side effects such as pre-mature skin aging, immune system suppression, and cancer have pushed consumers towards the usage of sunscreen products.
The highly beneficial zinc oxide nanoparticles properties make it an ideal ingredient in cosmaceutical applications. Consequently, these have become a part of daily use, personal care products and color cosmetics.
Zinc oxide nanoparticles, being a natural broad spectrum UV filter, have become an ideal ingredient in sun care products. For instance, according to BASF, in the last five years, products launched using zinc oxide nanoparticles in North America were 90% sun care products.
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Zinc Oxide Nanoparticles Market Research by Region
In East Asian countries, zinc oxide nanoparticles applications include skin care products which are used for tanning prevention, skin whitening and premature skin aging. Based on these trends, UV filters are being increasingly used across a range of skin care products, such as BB creams, makeup products, day creams, color cosmetics and lipsticks.
On the back of this scenario, the East Asia zinc oxide nanoparticles market is projected to experience an impressive growth rate of ~8% over the forecast period. However, North America is poised remain the leading consumer of zinc oxide nanoparticles accounting for over one third of the market share by 2030.
Zinc Oxide Nanoparticles Market Manufacturers – Key Strategies
The global zinc oxide nanoparticles market is partially consolidated in nature, in which the top six players accounted for over one third of the global production in 2019. ALTANA, EverZinc, BASF, Tata chemicals Ltd. are the key stakeholders. Under a targeted strategic approach, prominent players like BASF, ALTANA and Hakusui Tech Co., Ltd. have been involved in acquisition, production capacity expansions, and product launches in new markets.
Further, new entrants have made significant investments and focused on ramping up production lines to penetrate in the zinc oxide nanoparticles market. For instance, in 2019, EverZinc expanded its production capacity in Netherlands and BYK expanded its roots by opening up new business divisions in Shanghai.
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COVID-19 Impact Insights
The COVID-19 pandemic has brought the entire world to its knees. The number of fatalities arising out of the pandemic is increasing exponentially every day. In response, strict social distancing measures have prompted people to remain indoors and limit their interaction with the outside world. As a consequence, various businesses have experienced massive supply-chain disruptions in the wake of halted production.
This also applies to the zinc oxide nanoparticles market. With people being confined to their homes, the demand for cosmetic products has fallen. This has restricted the application of zinc oxide nanoparticles as raw materials as production of cosmetic products itself has fallen. This is expected to hamper the market’s growth.
North America is a leading consumer of zinc oxide nanoparticles, accounting for nearly one third of the global consumption in 2019. At present, the United States is the worst affected region by the coronavirus outbreak with the region accounting for over one third of the global COVID-19 confirmed cases. Analyzing the current scenario, North America may take a long time to recover, impacting the near-term growth of the zinc oxide nanoparticles market.
In contrast, East Asia is less impacted, with the rate of recovery being significantly higher. In spite of this, the pandemic is not anticipated to subside anytime soon, meaning that the global economic meltdown is anticipated to continue through 2020. This is anticipated to significantly impact sales of zinc oxide nanoparticle based products throughout the year.
“Uncertainties related to the COVID-19 outbreak will restrict the growth of the global zinc oxide nanoparticles market in the midterm (2019-2024) forecast. The market is likely to surge in the aftermath”, says the Fact.MR analyst.
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About the Report
Fact.MR published an exclusive forecast report for zinc oxide nanoparticles market between 2020 and 2030. The foremost objective of this report on zinc oxide nanoparticles market is to pitch spearhead insights on market scenario, demand generators and technological advancements in the zinc oxide nanoparticles market. Also, the study on zinc oxide nanoparticles market addresses key dynamics, which are expected to diversify the sales and future prominence of zinc oxide nanoparticles market.
The report on zinc oxide nanoparticles market begins with an executive overview in which product definition has been provided. The report further proceeds with taxonomy of zinc oxide nanoparticles market elaborating on the key segments. Also, the report outlines visionary insights on dynamics zinc oxide nanoparticles market including drivers, restraints, opportunities and trends and pricing analysis along with the key buying factors for zinc oxide nanoparticles.
Supply chain analysis and pricing analysis of zinc oxide nanoparticles market along with the difference between zinc oxide nanoparticles used as per applications have also been included in the report to help the readers clearly understand the product framework map in zinc oxide nanoparticles market.
Zinc Oxide Nanoparticles Market: Segmentation
Fact.MR has segmented the zinc oxide nanoparticles market on the basis of production method, grade, function, application, and region.
- Direct Method (French Process)
- Indirect Method (American process)
- Coated (Surface Treated)
- UV Shielding Agent
- Antibacterial and Antifungal Agent
- Plastic Cross-linking Agent
- Cosmetics & Personal Care
- Sun Care
- Skin Care
- Color Cosmetics
- Paints & Coatings
- Polymers & Textiles
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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Zinc Oxide Nanoparticles Market - Scope Of The Report
The zinc oxide nanoparticles market study done by Fact.MR gives exclusive information about how the market will grow during the forecast period of 2020 – 2030. The study identifies crucial trends that are determining growth of the zinc oxide nanoparticles market. This newly published report sheds light on vital dynamics, such as drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply of zinc oxide nanoparticles. The report primarily conveys a summary of the market, considering the present and upcoming global cosmetic industry, paints & coatings and plastic market developments to reveal striking sides relating to the adoption of zinc oxide nanoparticles across prominent regional markets.
A detailed assessment of the market supply chain analysis, business execution, and value chain analysis across the regional markets have been provided in the report. A list of prominent companies operating in the zinc oxide nanoparticles market, enhance the reliability of this comprehensive research study.
Zinc Oxide Nanoparticles Market: Report Summary
The study offers an inclusive analysis on diverse features including demand, revenue generation, and sales by key players in the zinc oxide nanoparticles market across the globe. A comprehensive study on the market has been done through optimistic and conservative scenarios. The analysis and estimation of price point comparison by region with the global average price has been included in this study.
Zinc Oxide Nanoparticles Market: Analysis on Market Size Evaluation
Existing predictions of the zinc oxide nanoparticles market, encompassing current as well as forthcoming values estimates, analysis on region-wise demand trends, and price index have been assimilated in the report.
The market estimation at the regional and global scale of zinc oxide nanoparticles is available in terms of value (US$ Mn) and in terms volume (Tons). A Y-o-Y growth contrast of the prominent zinc oxide nanoparticles market segments, along with market attractiveness valuation computes have been incorporated in the report. Metrics mentioned above are also based on zinc oxide nanoparticles types, where zinc oxide nanoparticles witnesses a steady demand.
Zinc Oxide Nanoparticles Market: Scrutinized Assessment on Regional Segments
The weighted sections have been elaborated in the report of the zinc oxide nanoparticles market, which deliver projection on regional markets. These chapters highlight regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the zinc oxide nanoparticles market during the forecast period.
Country-specific valuation on the demand for zinc oxide nanoparticles has been offered for each regional market, along with market scope estimates and forecast, price index, price point assessment, and impact analysis of dynamics in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Zinc Oxide Nanoparticles Market: In-depth Analysis on Competitive Landscape
The report offers the competitive scenario of the zinc oxide nanoparticles market, along with profiles of prominent companies contributing to market expansion. Essential and up-to-date data as well as information correlated to market performers, who are principally engaged in the production and supply of zinc oxide nanoparticles, have been presented with the help of a detailed dashboard view. The market share analysis and comparison of prominent players provided in the report permits readers to take preemptive steps in advancing their businesses.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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