According to study, “World
Zinc Oxide Market Research Report 2024(Covering USA, Europe, China,
Japan, SEA and India)” the key companies operating in the world zinc oxide
market areUSZinc, Zinc Nacional, Zochem, GH Chemicals, Zinc Oxide LLC, GrilloZinkoxid
GmbH, Silox S.A, MarioPilato Blat SA, Rubamin, Horsehead Corporation, Umicore,
Pan-Continental Chemical Co. Ltd., Brueggemann Chemical, American Chemet
Corporation, Yongchang, A-Ee, Zhongse, Hakusui, Haihua, Seyang, HepsenKimya
San. Tic. Ltd., WeifangLongda Zinc Industry Co., Ltd., LiuzhouZinc, Longli,
Haigang, Xingyuan. Major companies are focusing on new product development
& agreement to tap the opportunities in applications, such as solar energy,
electronics, pharmaceuticals and surface coatings.
Zinc oxide is an inorganic compound with chemical
formula ZnO. It is insoluble in water. It is obtained as a white powder,
produced synthetically from naturally occurring mineral zincite. Zincite is
chemically heated to combine by oxygen molecules. The solution is then
vaporized & condensed and formed into powder, which has various medicinal
uses and employed as an additive in several materials for instance plastics,
rubbers, batteries, sealants, ceramics, glass, cement paints, adhesives,
paints, lubricants, ferrites, pigments, foods and fire retardants. It has many applications
in pharmaceutical industry, especially in skin care products. It is employed as
a raw material in production of creams, ointments, baby powders, lotions and
anti-dandruff shampoo. It has numerous applications as an antiseptic in
antiseptic creams & first-aid bandages owing to its usage as an astringent,
antiseptic and topical protectant.
The key properties include high electrochemical
coupling coefficient, high chemical stability, high photo-stability and broad
range of radiation absorption.
Based on type, zinc oxide market is segmented into
wet chemical process, direct process (American method) and indirect process
(French method). Based on form type, market is segmented into pellets form and
powder form.Based on application, market is segmented into rubber, chemicals,
cosmetic ingredients, ceramics, paints & coatings, food processing, and
metal processing. Rubber segment holds major share in market owing to extensive
usage of zinc oxide as main vulcanizing agent in vulcanization process of
rubber. In addition, based on end-use, market is segmented into commercial
transport, industrial, and consumer automobile.
The zinc oxide market is driven by growth in demand
for tire & rubber products, followed by growth in automotive industry,
increase in emerging applications for instance semiconductors & electronics
and rise in demand for cosmetics & personal care products. However, rise in
inventory cost and slow growth in end-user industries may impact the market.
Moreover, increase in use in semiconductor industry is a key opportunity for
market.
Based on geography, China and India countries hold
major share in zinc oxide market owing to rise in demand from automotive tire
industry and easy availability of land & cheap labor in the countries. USA
and Europe are expected to witness lucrative growth due to presence of a large
number of tier manufacturing companies and increase in production of cosmetic
products over the forecast period. It is projected that future of the market
will be bright on account of rise in use of the product as a filter against
ultraviolet (UV) rays in sun protection lotions during the forecast period. The
global market is expected to grow at a CAGR of approximately 2.0% over the next
five years, will reach US $4320.3 million in 2024, from US $3988.3 million in
2019.
For more information on the research
report, refer to below link:
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