Zinc Oxide Market Research Report Sales ? Forecast to 2023

Posted by Avinash12345 on February 20th, 2019

Zinc Oxide is an inorganic compound with the molecular formula ZnO.  It is a colorless, odorless, bitter taste powder, which is insoluble in water. It occurs naturally as the mineral zincite, but most zinc oxide is produced synthetically. Zinc Oxide offers several characteristics such as high refractive index, high thermal stability & conductivity, binding, antibacterial, low coefficient of expansion and UV-protection properties.

Zinc Oxide is used across numerous applications in different end-use industries. It is commonly used in the rubber industry as a vulcanizing agent in the vulcanization process of rubber. It has a significant use in ceramic industry for producing ceramic glaze and frit compositions. Zinc Oxide is majorly utilized in cosmetics and personal care industry as thickener, lubricant, colorant, and skin protecting UV absorber for manufacturing products such as sunscreens, body lotions, baby powders, baby lotions, bath soaps, nail products, foot powders, anti-dandruff shampoo, talcum powder, cold creams, depilatory products, diaper rash ointments, makeup products, and others. It is used as a source of zinc in pre-packaged foods such as breakfast cereals. It is also used as a pigment and for imparting opaqueness in various paints & coatings. Zinc Oxide found in various types of application in the healthcare industry for manufacturing pharmaceutical products such as ointments, anti-septic creams, and first-aid bandages among other. However, it is applicable for external use only and can prove hazardous if swallowed or inhaled.

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Growing automotive industry owing to rising consumer purchasing power is likely to boost the rubber & tire industry and is expected to impact the global zinc oxide market positively during the forecast period. Additionally, growing cosmetics & personal care industry on account of rising awareness pertaining to skin and growing per-capita disposable income is expected to fuel the demand for zinc oxide-based cosmetics & personal care products during the forecast period.

Furthermore, growing R&D activities to diversify the application of Zinc Oxide in areas such as electronics & semiconductor, spintronics, piezoelectricity, and zinc oxide nanorod sensors among others are likely to drive significant demand for zinc oxide in the coming years.

Key Players:

Some of the major players operating in the Global Zinc Oxide Market are American Zinc Recycling LLC. (U.S.), U.S. Zinc (U.S.), Umicore N.V. (Belgium), GHC Ltd. (Canada), Weifang Longda Zinc Industry Co. Ltd. (China), SEYANG ZINC TECHNOLOGY (HUAI AN) CO., LTD. (China), Hakusuitech Co, Ltd. (Japan), Merck KGaA (Germany), Ace Chemie Zynk Energy Limited (India), Rubamin Limited (India), Akrochem Corporation. (U.S.), BruggemannGruppe (Germany), American Chemet Corporation (U.S.), Hindustan Zinc Ltd. (India), and Croda International Plc (U.K).

Market Segmentation:

The Global Zinc Oxide Market is segmented by Process, Application, End-Use Industry and Region.

On the basis of the Process, the Global Zinc Oxide Market is segmented into direct process (American process), indirect process (French process), wet chemical process, laboratory process, and others.

On the basis of the Application, the Global Zinc Oxide Market is segmented into rubber, cosmetic ingredients, pharmaceuticals, food additives, ceramics, paints and coatings, and others.

On the basis of the End-Use Industry, the Global Zinc Oxide Market is segmented into building & construction, automotive, healthcare, cosmetics & personal care, food & beverages, and others.

Regional Analysis:

The Global Zinc Oxide Market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.

Asia Pacific accounted to be the largest market for Zinc Oxide in 2017 and is likely to exhibit exponential growth during the forecast period. End-use industries such as automobile, building & construction, cosmetics & personal care, and healthcare are likely to contribute major share to the market growth during the forecast period 2018-2023.

Europe was following Asia Pacific in terms of market size till 2017 and is expected to show a significant growth during the forecast period. End-use industries, such as automotive, cosmetics & personal care, healthcare, food & beverage industry, are expected to contribute to the market during the forecast period.

North America is one of the major market for Zinc Oxide in 2017 and is expected to witness a considerable growth during the forecast period.  Significant demand from end-use industries such as food & beverage, healthcare, cosmetics and personal care, and building & renovation industries can be attributed to the growth of the market during the forecast period.

The Middle East & Africa is expected to show rising demand for Zinc Oxide during the forecast period. The building & construction, cosmetics & personal care, and food & beverage industries are the major end-use industries, which are likely to contribute to the market growth during the forecast period.

The Latin America is expected to show a moderate growth during the forecast period mostly from the growing building & construction industry.

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