August 16, 2023 08:12 ET | Source: Emergen Research Emergen Research
Vancouver, Aug. 16, 2023 (GLOBE NEWSWIRE) -- The global zinc oxide market achieved a substantial valuation of USD 4.92 Billion in 2021 and is anticipated to sustain a commendable revenue compound annual growth rate (CAGR) of 5.2% over the forecast period, as per the latest comprehensive analysis by Emergen Research. This robust growth trajectory is chiefly propelled by the burgeoning utilization of zinc oxide nanoparticles across diverse applications, signifying a pivotal driver underpinning market revenue expansion. Mg Mgco3
Zinc Oxide (ZnO) Nanoparticles (NPs) emerge as a dynamic platform for an array of applications, particularly within the realm of biomedical research. Their remarkable attributes encompass potent anticancer and antibacterial properties, facilitated by the generation of Reactive Oxygen Species (ROS) and the induction of apoptosis. The versatility of ZnO NPs extends further as they serve as efficacious drug carriers, enabling targeted delivery of medications to specific sites. This strategic deployment mitigates unintended toxicity and off-target effects, thereby magnifying synergistic therapeutic benefits.
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A noteworthy trend within the market pertains to the innovative utilization of zinc oxide-coated zeolite adsorbents for humic acid removal. This novel approach involves the modification of Zeolite 4A through nitric acid and subsequent functionalization with Zn(NO3)26H2O to yield ZnO-coated zeolite adsorbents. Employed for the elimination of Humic Acid (HA) from aqueous solutions, these tailored adsorbents exhibit a compelling performance. Comprehensive analysis encompassing porosimetry, scanning electron microscopy, X-ray diffraction, and high-resolution transmission electron microscopy corroborates the effectiveness of the produced materials.
The findings underscore an intriguing relationship between the positive charge density of ZnO-coated zeolite adsorbents and the quantity of ZnO coating on zeolite. This interplay yields a higher affinity for negatively charged ions, thus enhancing the adsorption capacity. Importantly, acid treatment engenders a notable augmentation in adsorption capacity. These insights collectively affirm the robust adsorption capabilities of ZnO-coated zeolite adsorbents, particularly in the context of HA removal from aqueous solutions. The potent electrostatic interactions between the negative functional groups of HA and the positive charges of the adsorbents underscore their efficacy.
The multifaceted applications of zinc oxide, spanning nanoparticles and innovative adsorbent approaches, epitomize the market's vibrant landscape. As technological advancements continue to unfold, the utility of zinc oxide is poised to catalyze both novel discoveries and practical solutions across diverse domains, thereby steering the market's continued revenue expansion.
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Major Companies and Competitive Landscape
The global zinc oxide market is fairly fragmented, with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective zinc oxide solutions. Some major players included in the global zinc oxide market report are:
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Some Key Highlights From the Report
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Emergen Research has segmented the global zinc oxide market based on grade, application, process type, and region:
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