Global Zinc Oxide Market by 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), and Regions (Europe, North America, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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.
Market Trends, Drivers, Restraints, and Opportunities:
- Increase in end-use of zinc oxide by industries such as rubber, paint & coatings, glass, cosmetics, and pharmaceuticals is expected to drive the global zinc oxide market demand over the forecast period.
- Demand for zinc oxide is growing, due to its increasing use in electronics and semiconductors. This can be attributed to the rising production of smart devices in the electronics industry.
- Lack of availability of an alternative substance or compound in critical applications also drives the demand for global zinc oxide market.
- The slowdown in automotive industry is estimated to hamper the growth of the zinc oxide market.
- Fluctuations in the price of zinc, as zinc oxide is traded throughout the world, acts as a restraint to the growth of the market.
- Zinc oxide manufacturers are estimated to witness an increasing demand for zinc oxide nanoparticles, as they are easy to fabricate, do not harm the environment, and do not release toxic elements, which makes them ideal for biological applications.
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.
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Attributes |
Details |
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Report Title |
Global Zinc Oxide Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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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) |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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E Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
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Key Players Covered |
Zochem, EverZinc, ZM Silesia, Akrochem, Rubamin, Pan-Continental Chemical, J.G. Chemicals, Upper India, and Suraj Udyog |
Market Segment Insights:
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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Zinc Oxide Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Zinc Oxide Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Zinc Oxide Market - Supply Chain
4.5. Global Zinc Oxide Market Forecast
4.5.1. Zinc Oxide Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Zinc Oxide Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Zinc Oxide Market Absolute $ Opportunity
5. Global Zinc Oxide Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Zinc Oxide Market Size and Volume Forecast by Applications
5.3.1. Rubber
5.3.2. Ceramics
5.3.3. Chemicals
5.3.4. Agriculture
5.3.5. Cosmetics & Personal Care
5.3.6. Pharmaceuticals
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Zinc Oxide Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Zinc Oxide Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Zinc Oxide Demand Share Forecast, 2019-2026
7. North America Zinc Oxide Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Zinc Oxide Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Zinc Oxide Market Size and Volume Forecast by Applications
7.4.1. Rubber
7.4.2. Ceramics
7.4.3. Chemicals
7.4.4. Agriculture
7.4.5. Cosmetics & Personal Care
7.4.6. Pharmaceuticals
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Zinc Oxide Demand Share Forecast, 2019-2026
8. Latin America Zinc Oxide Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Zinc Oxide Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Zinc Oxide Market Size and Volume Forecast by Applications
8.4.1. Rubber
8.4.2. Ceramics
8.4.3. Chemicals
8.4.4. Agriculture
8.4.5. Cosmetics & Personal Care
8.4.6. Pharmaceuticals
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Zinc Oxide Demand Share Forecast, 2019-2026
9. Europe Zinc Oxide Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Zinc Oxide Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Zinc Oxide Market Size and Volume Forecast by Applications
9.4.1. Rubber
9.4.2. Ceramics
9.4.3. Chemicals
9.4.4. Agriculture
9.4.5. Cosmetics & Personal Care
9.4.6. Pharmaceuticals
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Zinc Oxide Demand Share Forecast, 2019-2026
10. Asia Pacific Zinc Oxide Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Zinc Oxide Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Zinc Oxide Market Size and Volume Forecast by Applications
10.4.1. Rubber
10.4.2. Ceramics
10.4.3. Chemicals
10.4.4. Agriculture
10.4.5. Cosmetics & Personal Care
10.4.6. Pharmaceuticals
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Zinc Oxide Demand Share Forecast, 2019-2026
11. Middle East & Africa Zinc Oxide Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Zinc Oxide Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Zinc Oxide Market Size and Volume Forecast by Applications
11.4.1. Rubber
11.4.2. Ceramics
11.4.3. Chemicals
11.4.4. Agriculture
11.4.5. Cosmetics & Personal Care
11.4.6. Pharmaceuticals
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Zinc Oxide Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Zinc Oxide Market: Market Share Analysis
12.2. Zinc Oxide Distributors and Customers
12.3. Zinc Oxide Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Zochem
12.4.2. EverZinc
12.4.3. ZM Silesia
12.4.4. Akrochem
12.4.5. Rubamin
12.4.6. Pan-Continental Chemical
12.4.7. J.G. Chemicals
12.4.8. Upper India
12.4.9. Suraj Udyog
The global zinc oxide market can be divided on the basis of processes, grades, applications, and regions.
Processes
- French Process
- American Process
- Wet Process
- Standard
- Treated
- United States Pharmacopeia
- Food and Chemical Codex
- Rubber
- Ceramics
- Chemicals
- Agriculture
- Cosmetics & Personal Care
- Pharmaceuticals
- Europe
- North America
- Asia Pacific
- Middle East & Africa
- Zochem
- EverZinc
- ZM Silesia
- Akrochem
- Rubamin
- Pan-Continental Chemical
- J.G. Chemicals
- Upper India
- Suraj Udyog
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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