ACCESS Newswire
10 Aug 2020, 19:25 GMT+10
Zinc oxide nanoparticle market players are increasingly investing in research for biomedical and cancer therapy applications to generate new revenue streams post the coronavirus outbreak.
ROCKVILLE, MD / ACCESSWIRE / August 10, 2020 / The zinc oxide nanoparticles market is projected to reflect stellar growth of 7% CAGR between the projection period from 2020 to 2030. The covid-19 pandemic has disrupted the market owing to the suspension of production activities in the industry and shortage of raw material supplies in the short term. Potential for biomedicine applications could provide lucrative growth opportunities in the months ahead.
'A growing range of end-user industries including pharmaceutical, automotive, and construction coupled with higher use of zinc oxide nanoparticles as a catalyst or additive are likely to support demand for sol gel and spray pyrolysis processes for the foreseeable future,' says the Fact.MR analyst.
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Zinc Oxide Nanoparticles Market - Important Takeaways
Zinc Oxide Nanoparticles Market - Driving Factors
Zinc Oxide Nanoparticles Market - Leading Constraints
Anticipated Market Impact by Coronavirus Outbreak
The coronavirus pandemic has had an adverse impact on the global zinc oxide nanoparticles market. Lockdown restrictions have disrupted production activities and has reduced stocks of raw materials. These trends are likely to have a significant impact on the global market in the short term. On the other hand, research into the potential applications of zinc oxide nanoparticles in coronavirus treatments could provide lucrative opportunities during the crisis period.
Explore the global zinc oxide nanoparticle market with 127 figures, 148 data tables, along with the table of contents of the report. You can also find detailed segmentation on https://www.factmr.com/report/4790/zinc-oxide-nanoparticles-market
Competition Landscape
Some of the leading manufacturers in the global zinc oxide nanoparticle market include but are not limited to Grillo, Altana, Sakai Chemical Industry Co. Ltd., BASF, Tayca Corp., EverZinc, and Tata Chemicals Ltd.
Players in the zinc oxide nanoparticle market are displaying increased interest in research and development efforts to widen scope of applications into new verticals, creating new revenue streams.
For example, EverZinc has launched a new digital transformation branch in collaboration with XponentialWorks to research zinc oxide nanoparticles with novel technologies such as 3D printing. Similarly, Nano Textile has announced the release of a novel fabric technology utilizing zinc oxide nano-particles for anti-bacterial textile applications. Further, BASF is working on biomedical applications for zinc oxide nanoparticles in respiratory disease treatment delivery systems through mucoadhesive particles.
More on the Report
The FACT.MR's market research report provides in-depth insights on zinc oxide nanoparticle market. The market is scrutinized according to production method (direct and indirect), grade (coated and uncoated), function (UV shielding agent, antibacterial and antifungal agent, and plastic cross linking agent) and application (cosmetics and personal care, paints & coatings, polymers & textiles, and others) across five key regions (North America, Latin America, Europe, Asia Pacific, and Middle East and Africa).
Explore Wide-ranging Coverage of FACT.MR's Chemical & Materials Landscape
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About Fact.MR
Fact.MR is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. Fact.MR is headquartered in Dublin, Ireland, and has delivery centers in the U.S. and India. FACT.MR's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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PR- https://www.factmr.com/media-release/1560/global-zinc-oxide-nanoparticles-market
SOURCE: Fact.MR
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