The global zinc oxide market was valued at around USD 4 billion in 2019 and projected to reach USD 6 billion, expanding at a CAGR of nearly 5% during the forecast period, 2021-2028. Zinc oxide is an insoluble inorganic compound that exists in a white powdered form. The molecular formula of this compound is written as ZnO. It usually occurs in zincite mineral and is obtained by oxidizing the zinc ores. Exposure of zinc oxide is harmful to human beings. It is an important compound, as it is used as an activator in various industries such as rubber, ceramics, chemicals, agriculture, pharmaceuticals, and cosmetics & personal care.
Scope of the Report:
The report on the global zinc oxide market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Global Zinc Oxide Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Processes (French Process, American Process, and Wet Process), Grades (Standard, Treated, United States Pharmacopeia, and Food and Chemical Codex), Applications (Rubber, Ceramics, Chemicals, Agriculture, Cosmetics & Personal Care, and Pharmaceuticals) |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
E Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
Key Players Covered |
Zochem, EverZinc, ZM Silesia, Akrochem, Rubamin, Pan-Continental Chemical, J.G. Chemicals, Upper India, and Suraj Udyog |
Wet process to witness a significant rise
Based on processes, the global zinc oxide market can be segmented into French process, American process, and wet process. The wet process is estimated to grow at a rapid pace, due to its good dispersion and slow settling rates of fine-sized zinc oxide. In addition to this, the quality of zinc oxide produced by wet process is high and called as active zinc oxide.
Food and Chemical Codex grade to grow at a substantial CAGR
On the basis of grades, the market is divided into standard grade, treated grade, United States Pharmacopeia (USP) grade, and Food and Chemical Codex (FCC) grade. All three grades are different in composition, surface area, particle size, and heavy metal content. FFC grade for zinc oxide is estimated to increase the growth of the market, owing to the increase in its use in the food industry, as it is added to breakfast cereals as a source of nutrients.
Rubber to register a high CAGR
In terms of applications, the market can be segmented into rubber, ceramics, chemicals, agriculture, cosmetics & personal care, and pharmaceuticals. Rubber has numerous uses in several industries such as tires, hockey pucks, and shoe soles. Demand for zinc oxide is expected to be driven by rubber, as it helps vulcanize the rubber to increase durability. Ceramics and chemical industries are also expected to increase the growth of the market, owing to properties such as rubber-like heat resistivity, and protection against UV rays.
Asia Pacific to hold a significant market share
Based on regions, the global zinc oxide market can be divided into Europe, North America, Asia Pacific, and Middle East & Africa. In Asia Pacific, countries such as China and India are anticipated to emerge as dominant manufacturers, consumers, and exporters of zinc oxide, which consequently increases the demand for zinc oxide in the Asia Pacific region. Rising use of skin care products in this region is estimated to drive the market growth. Moreover, the region has several manufacturing bases such as pharmaceutical, housing, and glass, which is estimated to increase the share in the global market.
The global zinc oxide market can be split as small, medium, and large manufacturers. US Zinc is a major producer of zinc oxide that manufactures around 35 grades of zinc oxide.
Zochem, EverZinc, ZM Silesia, Akrochem, Rubamin, Pan-Continental Chemical, J.G. Chemicals, Upper India, and Suraj Udyog are other major players in the market, which focus on R&D and produce high-performance products to meet the demands of end-users.
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