Zinc Oxide Market – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2017-2025

Zinc Oxide is an insoluble organic compound with the formula ZnO. It is insoluble in water and returns zinc hydroxide when treated with it. It turns into cement (zinc phosphate) when treated with phosphoric acid and dissolves only in strong bases. ZnO can be reduced to Zinc metal by treating it with carbon. It is commonly used for manufacturing rubber by way of a process called ?vulcanization of rubber which prevents rubber from turning brittle. In terms of volume, global zinc oxide market stood at 1442.61 kilotons in 2016 and is anticipated to reach 2396.12 kilotons by 2025, expanding at a CAGR of 5.8 from 2017 to 2025. APAC accounted to be the largest regional market in 2016 and is also projected to grow at the highest rate during the forecast period. Rapid industrialization and urbanization in countries like China and India is contributing to the demand in this region.

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Zinc Oxide is used to make multiple products such as agricultural goods, cosmetics, personal care products, chemicals, and medicines, ceramic and most importantly, rubber. These products have applications in numerous industries which shoots up the demand manifolds. Rubber alone is expected to grow at a CAGR of 6 % from 2017 to 2025. Measures to meet the requirement of rubber due to the increasing demand for vehicles will drive the growth of this industry. The expansion of taxi and transportation trade in developing countries like India is contributing to this demand. Furthermore, increasing purchasing power of the emerging countries is also attracting investments in the chemical and construction industry.

The growing requisite for paints and coatings will subsequently drive market growth.While APAC is expected to account for the largest market share in the forecast period, primarily due to rapid Industrialization and Urbanization, North America is poised to become the second-largest market. North America is further estimated to get accelerated sales from the automotive industry due to the growing demand for tires. A constantly thriving cosmetic industry is also adding to the sales of this region. It has been anticipated that by 2019, around 80.0% of the worldwide skin care product income will come from Asia Pacific, with China alone representing 72% of the income share.

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Prominent key players in global Zinc Oxide market are American Zinc Recycling, EverZinc, GHC Chemicals, Votorantim Group, Bruggeman Gruppe, and Umicore International, HakusuiTech, American Chemet Corporation, Zinc Nacional, Zinc Oxide LLC, Numinor, SILOX Engis, Grillo-Werke, Pan-Continental Chemical Co., Ltd., Seyang Zinc, and Weifang Longda Zinc and so on.

During 2016, the rubber segment accounted for the major share of the zinc oxide market. The expanded utilization of rubber owing to its critical physical, chemical, and optical properties adds to the development of this industry. Moreover, a growing acceptance of grooming products is shooting up the demand in the cosmetic industry. The increased use of ZnO in the construction, food & fertilizer, and animal feed industry is amplifying the market?s demand. Air pollution is on the rise across the globe and the automotive industry is contributing a huge chunk to this. It will grow manifolds in future and it can cause life-threatening diseases, there will be policies to regulate air pollution sooner, if not later. These policies can include limiting the use of fuel-driven cars, deterring people from buying them in the first place. Similarly, an awareness of the hazards of using chemically charged cosmetics and preference of herbal products can slash the sales of ZnO monumentally.

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A rising demand for ZnO from countless industries is an indicator that the overall industry demand can’t exhaust. The industry is under constant R & D and will have applications in electronic and photonic activities. It will have new applications in LED’s, transistors, storage devices and batteries in the forecast period. The report provides a detailed analysis of the outcomes of research conducted by using both qualitative and quantitative market research methods, and in addition incorporates commendable bits of knowledge about the market situation and favored change strategies of key contenders

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