The report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Nano zinc oxide market is likely to witness an impressive CAGR of 12.8% during the forecast period.
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Nano Zinc Oxide Market Share: By Product Type
Based on the product type, the market is segmented as coated nano ZnO and un-coated nano ZnO. The un-coated nano ZnO segment held the larger share of the market in 2020, and is expected to remain dominant during the forecast period. The growth of the segment can be attributed to un-coated ZnO not containing any inert coating; enabling it to be directly used for making finished products. Also, it is a better protector from UV rays than coated nano ZnO.
Nano Zinc Oxide Market Share: By Application Type
Based on the application type, the nano zinc oxide market is segmented as personal care & cosmetics, paints & coatings, textiles, electronics, and others. The personal care & cosmetics segment leads the market as personal care products are much in vogue, such as deodorant, shampoo, sunscreens, toothpaste, soaps, hair conditioner, foundation, perfume, after-shave lotion, and lipstick; thus, driving the growth of the segment during the forecast period.
Nano Zinc Oxide Market Share: By Region
In terms of regions, North America is estimated to be the largest as well as the fastest-growing market for nano zinc oxide during the forecast period, with The USA and Canada being the major countries offering lucrative growth opportunities. The region’s growth can be attributed to the rapidly growing personal care & cosmetics industry in the North American region, coupled with the presence of a large number of end-users of ZnO such as cosmetics and personal care products, electronics, and textile manufacturers. Europe and Asia-Pacific are also expected to offer considerable growth opportunities over the forecast period.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Nano Zinc Oxide Market analysis report discusses the following heads in great detail:
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