Global Nano Metal Oxide Market Share Likely to Grow at a CAGR of 7.53% By 2033

According to Custom Market Insights (CMI), The Global Nano Metal Oxide Market size was estimated at USD 1.0 billion in 2021 and is expected to hit around USD 2.0 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 7.53 % from 2022 to 2030.

Nanometal oxide is tiny metal particles, including titanium, aluminium, zinc, magnesium, and others. It has a diameter of fewer than 100 nanometers. It is a white powder extracted from oxidizing zinc oxide particles. It has high catalytic and a high surface area, predominantly used in various end-use industries such as rubber, paints and coatings, personal care and cosmetics, textile, and others.

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Browse the full "Nano Metal Oxide Market Size, Trends and Insights By Type (Aluminium oxide, Titanium dioxide, Copper oxide, Magnesium oxide, Zinc oxide, Others), By End User (Building and construction, Healthcare, Automotive, Optics & electronics, Ceramic & glass, Personal care, Paints & coatings, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share Outlook, and Forecast 2023–2032" report at https://www.custommarketinsights.com/report/metal-oxide-nanoparticles-market/

Market Dynamics.

Drivers.

Robust demand from the cosmetics industry

The cosmetics and personal care sector is one of the emerging sectors across the globe where zinc nano metal oxides are extensively used to formulate various skincare and body care products such as lotions, sunscreen, gels, and moisturizers which will protect the skin from U.V. rays. Therefore, the growing demand from the cosmetics and personal care industry has increased the potential sales of nanometal oxides in the market.

Restraints.

Side effects associated with nano metal oxides

There are numerous uses for nano metal oxides in various end-use industries. However, inhaling nanometal oxides will hurt the health and cause lung damage and skin cancer. For instance, according to an article published by Cancer Council, zinc oxide nanoparticles (commonly used sunscreen active ingredients) do not reach viable skin cells; instead, they remain on the skin's surface and in the outer layer of the skin composed of non-viable cells. These factors are restraining the overall growth of the nano metal oxides market.

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Opportunities

Growing demand from the construction sector

The factors such as the rise in population across the globe, rising infrastructure activity, increasing urbanization, industrialization, and others propelling the construction sector where nano metal oxides are used as a coating, preservative, and protecting layer. The nano metal oxides market has witnessed significant growth owing to the increased demand for paint and coating from architectural paints. For instance, Nanophase Technologies Corporation offers NanoArc Zinc Oxide, which can absorb U.V. light to provide enduring film protection in exterior architectural paint. Together, these factors are projected to create remunerative opportunities for the future expansion of the nano metal oxides market.

Challenges.

Advancement of technology

The adoption of nanotechnology in the formulation of nano zinc particles may be considered a challenging facto and adverse effect on human health, hampering the growth of the nanometal oxides market. Therefore, these factors are expected to inhibit the growth of nanometal oxides in the market.

Report Highlights.

The segment includes aluminium oxide, titanium dioxide, copper oxide, magnesium oxide, zinc oxide, and others based on product type. The zinc oxide type segment dominated the market in 2021 and is expected to grow with a total share of 28% over the forecast period. The zinc oxides are used for topical skincare products such as calamine lotion, diaper rash creams, and sunscreen. This is anticipated to increase the industrial sector's demand for nanometal oxide. In addition, during the forecast period, the growing demand for kiln furnaces from the building and construction sector and the manufacturing industry have witnessed significant growth for the metal oxide nanoparticle market.

Based on Application, the segment includes building and construction, healthcare, automotive, optics & electronics, ceramic & glass, personal care, paints & coatings, and others. It is expected that the global personal care and cosmetics industry segment to hold a dominant position during 2022 -2031 and grow at a CAGR of 7.98%.

The consumer uses nano metal oxide-containing cosmetics products such as lotions, creams, foundations, and many others due to their U.V. protection ability. Therefore, the demand for nanometal oxide will grow in the cosmetics industry during the forecast period.

Regional Snapshots.

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Asia-Pacific is the dominant region in the nanometal oxide market, growing at a CAGR of 8.56% during the forecast period. This region is also anticipated to maintain its dominance throughout the forecast period. Countries such as China, Japan, India, and others have significantly contributed to the growth of the nano metal oxide market in the region. Critical factors for developing pharmaceutical, cosmetics, and personal care products, the medical sector, agriculture, and other end-use industries have surged the demand for nano zinc oxide.

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Furthermore, the pharmaceutical sector is one of the booming sectors in India. For instance, according to a report published by NITI Aayog in March 2021, India's healthcare industry has been growing at a Compound Annual Growth Rate (CAGR) of around 22% since 2016. This rate is expected to reach USD 372 billion in 2022. These factors together increase the usage of nano metal oxide, especially zinc metal oxide, in the growing pharmaceutical industry for formulating various creams, lotions, sunscreen creams, and many others.

Report Scope

Key Players

• EPRUI Biotech Co. Ltd.
• Hongwu International Group Ltd
• Intelligent Materials Pvt. Ltd. (Nanoshel)
• Meliorum Technologies Inc.
• Merck KGaA
• Nanophase Technologies Corporation
• NanoResearch Elements Inc.
• SkySpring Nanomaterials Inc.
• Star Grace Mining Co. Ltd.
• TCT Nanotech.
• Reinstate
• American Elements
• Xuan Cheng Jing Rui New Material Co. Ltd

Key Findings:

• The zinc oxide type segment dominated the market in 2021 and is expected to grow over the forecast period with a total market share of 28%.
• The personal care application segment will hold a dominant position from 2022 -2031 and grow at a CAGR of 7.56% during the forecast period.
• Asia-Pacific is the dominant region in the nano metal oxide market and growing at a CAGR of 8.56%.

Segments covered in the report

By Type

• Aluminum oxide
• Titanium dioxide
• Copper oxide
• Magnesium oxide
• Zinc oxide
• Others

By End Use

• Building and Construction
• Healthcare
• Automotive
• Optics & Electronics
• Ceramic & glass
• Personal care
• Paints & coatings
• Others

On the basis of Geography

North America

• The U.S.
• Canada
• Mexico

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America