For the last few years, research and development in the field of nanoparticles such as zinc oxide, TiO2, and graphite has gained momentum. Zinc oxide nanoparticles are referred to as semiconductor materials, due to their unique properties such as high binding energy and wide band gap. These materials possess antifungal, antibacterial, and UV-filtering properties. They are used in various fields such as material science, optics, bio-medicine, and electronics. They are widely employed in the building & construction industry as an additive to concrete and ceramics. They are used as catalysts in cosmetics such as calamine lotion and ointments to treat skin diseases; as coating agents in the paints & coatings industry, as additives in food products; and as filler materials in the manufacture of cigarettes. Zinc oxide nanoparticles are also employed in vulcanization of rubber for the manufacture of tires.
Based on processing technique, the global zinc oxide nanoparticles market has been categorized into spray pyrolysis method, precipitation method, hydrothermal method, micro-emulsion method, and sol gel method. Sol gel is one of the most popular processing techniques, followed by spray pyrolysis. Demand for these two techniques is expected to rise during the forecast period, due to cost-effectiveness and easy processability offered by them. Rising number of end-user industries such as automotive, pharmaceutical, and building & construction coupled with increased usage of zinc oxide nanoparticles as an additive or catalyst are factors expected to raise the demand for these nanoparticles during the forecast period. Zinc oxide nanoparticles possess good conductivity, which aids in the removal of high amount of heat generated during churning motion of tires. In addition, these nanoparticles increase water-resistivity when employed during the cement manufacturing process. Owing to their antibacterial and antifungal properties, zinc oxide nanoparticles are increasingly used in the pharmaceutical industry for the manufacture of zinc pastes, zinc ointments, bandages, and adhesive tapes for wound and skin treatment.
Rising demand for various sensors such as bio-sensors, chemical sensors, gas sensors, and optoelectronic devices is expected to drive the global zinc oxide nanoparticles market in the near future. Furthermore, rising demand for UVA/B filters in sun protection and sunscreen cosmetics is leading to expansion of the market at a significant rate. However, toxicity associated with zinc oxide processability may hamper growth of the market in the near future. Progression of zinc oxide nanoparticles from the laboratory level to the industrial level is a major challenges for manufacturers. However, increasing investments in research & development, industrial collaborations, and government initiatives are some of the factors that would create ample opportunities for manufacturers in the next few years.
Geographically, the global zinc oxide nanoparticles market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America leads the global market for zinc oxide nanoparticles, due to high investments in R&D activities in the region. Furthermore, rising demand for high-quality interior electronics, especially in the automotive industry, is likely to boost the market in the region during the forecast period. The markets in Asia Pacific and Europe are anticipated to expand significantly during the forecast period, due to rapid industrialization and urbanization in the two regions. Increasing disposable income in China, ASEAN, and India is expected to provide lucrative opportunities to zinc oxide manufacturers in Asia Pacific in the near future. Rising consumer awareness and increased purchasing power for high-quality cosmetics in Latin America and Middle East & Africa are factors driving the zinc oxide nanoparticles market in the two regions.
Key players operating in the global zinc oxide nanoparticles market are Advanced Nano Technologies Limited, Nanophase Technology Corporation, Hakusuitech Co., Ltd., Sakai Chemical, Showa Denko, and Weifang Longda Zinc Industry, Co., Ltd.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
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10. What will be the barrier to entry for new players in the market?
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