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: 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
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.