Nano Zinc Oxide Market Trends by Types and Application, Forecast to 2022
Posted by sanjayhande on December 5th, 2019
A new report published by Allied Market Research titled, "Nano Zinc Oxide Market by Application - Global Opportunity Analysis and Industry Forecast, 2014 - 2022", projects that the world nano zinc oxide market was valued at ,099 million in 2015 and is expected to reach ,677 million by 2022, registering a CAGR of 20.4% from 2016 to 2022. Cosmetic segment is expected to remain the highest revenue-generating segment throughout the forecast period. Asia-Pacific held the leading position in the global market in 2015, and is expected to maintain its lead throughout the study period.
Click Here To Access The Sample Report @ https://www.alliedmarketresearch.com/request-sample/1720
The demand for nano zinc oxide has witnessed tremendous growth due to increasing consumption of nano zinc oxide in paints and coatings, cosmetics, food contact materials (such as containers for transporting food, machinery to process food, packaging materials, kitchenware and tableware, and others), electronics, textiles, and other industries. Although the nano zinc oxide industry is in its developmental stage, numerous industry players have heavily invested to develop new commercial avenues for their product offerings through strategic partnerships and collaborations. The demand for nano zinc oxide has increased due to upsurge in demand for UV-A & UV-B filters in sunscreens & cosmetics, growth in demand for antimicrobial coatings, and product approval from regulatory bodies. However, concerns regarding nano zinc toxicity when used at high concentration could hamper the market growth during the forecast period. Increase in disposable income in the emerging economies supplemented with growth in awareness among consumers regarding adverse effects of UV rays would provide significant opportunities to market players in the industry.
In 2015, cosmetics segment contributed the highest revenue to the global market, accounting for more than two-thirds share, followed by paints & coatings and others. In cosmetic application, nano zinc oxide is used as a UV blocker in sunscreen products. The remarkable physiochemical properties of nano zinc oxide have increased its penetration in a wide array of applications.
Key findings of the study:
In 2015, Asia-Pacific accounted for more than one-third share of the global demand for nano zinc oxide, and is expected to maintain its leading position throughout the forecast period. Moreover, it is projected to be the fastest growing region throughout forecast period owing to growth in awareness regarding adverse effects of UV rays and increased disposable income of consumers in major economies of the region.
Prominent market players have heavily invested in research and development activities to develop new commercial applications at low costs. Strategic collaboration and business expansion are the other prime strategies adopted by industry players.
The key companies profiled in the report include
Obtain Report Details: https://www.alliedmarketresearch.com/nano-zinc-oxide-market
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Like it? Share it!
About the Authorsanjayhande
Joined: October 17th, 2019
Articles Posted: 148
More by this author