Global Zinc Oxide Market – Industry Analysis
Global Zinc Oxide Market was valued at US$ 3.86 Bn in 2019 and expected to reach US$ $5.2 Bn by 2026, at a CAGR of 4.35% during the forecast period.
Zinc oxide (ZnO) is a water-insoluble compound, but soluble in acid and bases. It has wide application in industry such as Rubber, Ceramics, Chemicals, Pharmaceuticals, Cosmetics & Personal Care, Agricultural, and Others.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Zinc Oxide Market Dynamics
Zinc oxide is used primarily in cosmetics and personal care products including makeup, baby lotions, bath soaps, nail products, powders, and others. Rising demand for cosmetics and personal care products will add to the growth of the zinc oxide market in the forecast time.
The increasing demand for zinc oxide in the chemical and manufacturing industry will further boost the market size. Industrial application of the product majorly vulcanization of rubber will surge significantly in the forecast period. The tire industry is also one of the major consumers of the product. Other major applications include the manufacturing of concrete, photovoltaic, electronic, optoelectronic devices, and glass cutting. The rising application of the product in paints and coatings is projected to drive the zinc oxide market growth.
The growing demand for zinc oxide in the production of varistors, ferrites, and solar cells is expected to propel the growth of the global zinc oxide market in the forecast period. Demand for Nano zinc oxide is driving the market. The Nano zinc oxide is a specialized nanomaterial that is mainly available in the form of dispersion and powders. Companies operating in the zinc oxide market are focusing on new product development and agreement to tap the opportunities in applications, such as solar energy, surface coatings, and pharmaceuticals.
Global Zinc Oxide Market Regional Insights
The European market is mature and developed stably in the past few years and will keep the trend in the upcoming years. North America, led by the U.S. is expected to account for substantial growth in the market during the forecast period. Government approval of chemicals in sun care applications became beneficial for the growth of product across the region.
Asia-Pacific plays a significant role in the global zinc oxide market, in view of the strong demand from China, India, and Southeast Asian countries. The markets in the Asia Pacific and Europe are anticipated to expand considerably during the forecast period, due to rapid industrialization and urbanization in the two regions.
The report covers the total market for zinc oxide, and it has been analyzed based on Porter’s five forces model. The impact of the different market factors, such as drivers, restraints, and opportunities, challenges key issues SWOT analysis, and technology forecasting is also illustrated in the report. This gives an idea about the key drivers, such as high growth and demand in emerging economies countries.
Global Zinc Oxide Market, Key Highlights:
• Global Zinc Oxide Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Zinc Oxide Market
• Global Zinc Oxide Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Zinc Oxide Market strategic analysis with respect to individual growth trends, future prospects along the contribution of various sub-market stakeholders have been considered under the scope of the study.
• Global Zinc Oxide Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Zinc Oxide Market are also profiled.
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Global Zinc Oxide Market, by Application
• Cosmetics & Personal Care
Global Zinc Oxide Market, by Region
• North America
• Middle East & Africa
• South America
Global Zinc Oxide Market Key Players
• GH Chemicals
• Pan-Continental Chemical
• Mario Pilato and Brueggemann
• Hakusui Tech Co.Ltd
• Seyang zinc Technology
• Hebei Yongchang
• Longli Chemical
• Shanghai Jinghua Chemical
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