Zinc Oxide Market Growth Trends & Forecast till 2026
SEP 27,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Zinc Oxide Market.
Zinc Oxide Market is likely to witness an impressive CAGR of 5.8% during the forecast period. The major factors contributing to the growth of the zinc oxide market are high production of smart devices in the electronic industry and rise in demand for cosmetic products. Further, the growing production and sales of automobiles, which are boosting the demand for tires, are expected to fuel the demand for rubber vulcanization – a process in which zinc oxide is used for vulcanizing rubber to manufacture tires.
ZnO stands for Zinc oxide. It is an insoluble and inorganic compound which is used as an additive in various products such as cosmetic creams, rubber, paints, ceramics, foods, lubricants, batteries, plastics, medical, and others. This also plays a pivotal role in obstructing harmful rays.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the application type, the market is segmented as agriculture, ceramics, rubber, chemicals, pharmaceuticals, cosmetics & personal care, and others. The rubber segment is likely to be the largest segment of the market. The growth of the segment is owing to the durability of ZnO, which is used for vulcanization of rubber, used to manufacture tires.
Based on the process type, the market is segmented as wet-chemical, American, and French process. The wet-chemical process is expected to register the fastest growth during the forecast period as Zinc produced by using this process are very fine in size and possess good dispersion and slow settling rates.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for ZnO during the forecast period, with China and India, being the major countries with lucrative growth opportunities. One of the major driving factors is the rapid growth of personal care products and cosmetics’ market in the region, with China being the largest exporter of ZnO.
Key Players:
- Zochem Inc.
- EverZinc Belgium SA
- ZM Silesia SA.
- Akrochem Corporation
- J. G. Chemicals Pvt. Ltd.
- Pan-Continental Chemical Co Ltd.
- Umicore SA
- Rubamin Limited
- Showa Denko KK
- Advanced Nano Technologies Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Zinc Oxide Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Customization of the Report:
This report can be customized to meet the client’s requirements. In order to provide more accurate market forecast, all the reports are updated before delivery.
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