Chemicals & Materials

Global Zinc Oxide Market

September 15, 2021
ID: SR/CH-43
Format:Pdf
Pages:220

Global Zinc Oxide Market By Application (Rubber, Chemicals, Agriculture, Pharmaceuticals, Ceramics, Cosmetics & Personal Care, Others), By Process (Direct Process, Indirect Process, Wet Chemical Process, Others), and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2027.

Description

Zinc Oxide Market Overview

The zinc oxide market was valued at USD 4.4 Billion in 2020 and projected to reach USD 5.72 Billion by 2027, growing at a CAGR of 4.47% during the forecast period, 2020-2027.

There is growing demand from the end-use industries such as rubber, pharmaceuticals, ceramics, chemicals, and others and high demand for rubber in the automotive industry. This, in turn, is anticipated to contribute to the zinc oxide market growth in the forecast period.

Moreover, the growing use of zinc oxide in applications such as electronics, cosmetics and semiconductors propel the global zinc oxide market in the upcoming years.

Additionally, the use of zinc oxide in biomedicine in anti-bacterial and anti-cancer fields and the high demand for zinc oxide in the glass and manufacturing industry are anticipated to drive the global growth of the zinc oxide market.

What is Zinc Oxide?

Zinc oxide is a white inorganic compound with the formulae ZnO. It is also known as Zinc White. Zinc oxide is made up of zinc and oxygen. It is a powder that is insoluble in water and is soluble in acid and base. It is used in numerous materials and products such as food supplements, cosmetics, rubbers, cement, ointments, etc. Zinc Oxide is acquired by three processes: a natural process, indirect process, and wet chemical process.

Growth Driver

Increase application in cosmetics, semiconductors and electronics

The zinc oxide market is appraised to grow in the forecast period due to the high demand for zinc oxide in cosmetics, electronics and semiconductors. It acts as a vital nutrient in cosmetic products such as skincare, talcum, hair care and many other products. Zinc oxide also acts as a filter against ultraviolet rays in sunscreen lotions. Additionally, due to an increase in the production of smart devices, there is a growing use of zinc oxide in the application of electronics and semiconductors.

However, the major factors restraining the growth of the global zinc oxide market are the stringent regulations of the European Commission, environmental hazards of zinc oxide, and inhalation of zinc oxide fumes that can cause metal fever which is hazardous.

Pre Covid-19 impact

Factors such as the growing usage of zinc oxide in tires, rubbers, and the ceramic industry drive the market growth. Additionally, rising investments into research and development to establish enhanced products using zinc oxide had created several opportunities for the zinc oxide market in the Pre-covid era.

Covid-19 impact

Coronavirus disease (COVID-19) is a global public health disease that has brought serious social, medical and economic challenges in every industry. It affects all the segments of the population. The spread of COVID-19 is generating an enormous disruption in the everyday activities of people. As coronavirus crises took over the world and led to curfews and lockdown, which impacted many businesses worldwide, countries across the globe are trying to prevent further contagion by adopting various measures such as social distancing, testing, quarantine, and others.

Post Covid-19 impact

Since the COVID-19 virus outbreak in December 2019 resulted in a decrease in the demand for the zinc oxide market across several sectors. Due to the lack of human resources in the COVID-19 pandemic, supply and demand have shut down plants due to the losses in 2020, particularly for tire and rubber manufacturers. Therefore, with the outbreak of the COVID-19, the market will grow at a low rate for zinc oxide across the globe, which has negatively impacted the zinc oxide market value in 2020 and subsequent years.

Application Segmental Analysis

The zinc oxide market is segregated into rubber, chemicals, agriculture, pharmaceuticals, ceramics, cosmetics & personal care, and other applications based on the application.

The rubber segment is estimated to have the highest market share in the application segment for the zinc oxide market, as the rubber sector consumes more than half of the zinc oxide produced across the globe. However, the cosmetics & personal care segment is projected to grow with higher CAGR throughout the forecast period.

Process Segmental Analysis

The zinc oxide market is categorized into direct, indirect, wet chemical, and other processes.

The wet chemical process segment held a significant market share in 2019; the zinc oxide produced by the wet chemical process is very refined in size with good dispersion and high quality.

Region Segmental Analysis

The zinc oxide market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

The Asia Pacific is estimated to project considerable growth over 2020-2026. It is due to the high production of zinc oxide, the presence of a large manufacturing base and the growing application of zinc oxide in the ceramic & rubber industry in the region.

North America and Europe will have a prominent share in the zinc oxide market by 2027, owing to the usage in the beauty segment in the regions.

Competitor Analysis

Companies include US Zinc, EverZinc, Rubamin, Pan-Continental Chemical, Weifang Longda Zinc Industry Co., Ltd, Zochem, Inc., American Chemet Corporation, Mario Pilato Blat, Grillo Zinkoxid, GmbH, H. Chemicals are the key players in the global zinc oxide market.

Key Stakeholders

Market research and consulting firms
Zinc oxide manufacturers
Investors
Research organizations and consulting companies
Technology providers
Regulatory bodies

Scope of the Report

Report Attribute	Details
Market Size Value in 2020	USD 4.4 Billion
The revenue forecast in 2027	USD 5.72 Billion
Growth Rate	CAGR of 4.47% from 2020 to 2027
Historical data	2017-2019
Forecast period	2021-2027
Region covered	America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	US Zinc, EverZinc, Rubamin, Pan-Continental Chemical, Weifang Longda Zinc Industry Co., Ltd, Zochem, Inc., American Chemet Corporation, Mario Pilato Blat, Grillo Zinkoxid, GmbH, H. Chemicals

Recent Development

In 2012, Nanophase Technology Corporation established the advanced new large-size zinc oxide product to use in beauty care products that are expected to propel the zinc oxide market growth across the globe.
In 2020, the United States represented one of the biggest and most developed tire markets globally. The US provides a home to probably the best tire producers globally, such as Goodyear Tire & Rubber Co., Michelin and Bridgestone Americas Tire Operations and many others to complete the US rubber industry. Leaps and bounds developed it over a long time.
In May 2020, in Egypt, another tire manufacturer, Pyramid tires had started a plant with its first tire roll production line with around USD 350 million. Presently, this factory is producing forklifts, motorcycles and agricultural tires for its plant development first stage.

Market Modelling

By Application

By Process

Direct Process
Indirect Process
Wet Chemical Process
Others

By Region

North America
Europe
Asia Pacific
South America
Middle East & Africa

Table Of Contents

Methodology

Request Sample

Frequently Asked Questions (FAQ):

What is zinc oxide?

Zinc Oxide is a white inorganic compound with the formulae ZnO. It is made up of zinc and oxygen. It is a powder that is insoluble in water and is soluble in acid and base.

What is the growth rate of the zinc oxide market?

The zinc oxide market was valued at USD 4.4 Billion in 2020 and projected to reach USD 5.72 Billion by 2027, growing at a CAGR of 4.47% during the forecast period, 2020-2027.

What are the major end-use industries for the zinc oxide market?

The major end-use industries are the rubber, ceramics and chemical industries. The rubber sector is estimated to have the highest market share for the zinc oxide market, as the rubber sector consumes more than half of the zinc oxide produced across the globe.

Which region is projected to contain the highest share in the hardware in the loop market?

The Asia Pacific is expected to project considerable growth over 2020-2026 due to the high production of zinc oxide, presence of a large manufacturing base and growing application of zinc oxide in the ceramic & rubber industry in the region in this region.

Who are the prominent players in the zinc oxide market?

US Zinc, EverZinc, Rubamin, Pan-Continental Chemical, Weifang Longda Zinc Industry Co., Ltd, Zochem, Inc., American Chemet Corporation, Mario Pilato Blat, Grillo Zinkoxid, GmbH, H. Chemicals are the key players in the global zinc oxide market.

Select License

We Accept

Analyst support

After evaluating your requirements and addressing your technical problems, the expert analyst will resolve your query directly.

Customer satisfaction

According to your needs, our expert team will assist you with the capabilities, services, and proper research needs to be required and customize the report accordingly.

Inimitable expertise

Our expert team will create unrivaled reviews to provide you with a deep understanding of the reports.

Assured quality

We have created a systematic way to determine standards and satisfy your expectations.

Instant delivery

Unlike others, we provide you a great deal of instant delivery in the form of PDF/PPT/Word Doc directly to your email address within 24 hours after receiving full payment.

Privacy policy

We understand the inkling of your privacy, we will never misuse your email address.

Custom research service

We are giving you an opportunity through which you can directly ask our expert analyst to customize an exclusive study of the report to serve your research needs.

Quality & accuracy

We provide you with the accurate quality of the customized study of an exclusive report according to your research need.

Data visualization

As the business world’s growing faster every day, we understand the value of data management. We will create the reports by keeping all the visual data sets and metrics in the charts.

Information security

We truly respect your privacy and promise to keep your personal and confidential information safe and secure.

Global Zinc Oxide Market

Zinc Oxide Market Overview

What is Zinc Oxide?

Growth Driver

Increase application in cosmetics, semiconductors and electronics

Pre Covid-19 impact

Covid-19 impact

Post Covid-19 impact

Application Segmental Analysis

Process Segmental Analysis

Region Segmental Analysis

Competitor Analysis

Scope of the Report

Recent Development

Market Modelling

Report Content

Frequently Asked Questions (FAQ):

Select License

We Accept

Latest Reports

Why Choose Us

Quick Links

Industries We Serve

Contact Info

Check Discount %

Free Sample Report