Zinc Oxide Market Size and Industry Forecast 2025 - Market Shares and Strategies Of Key Players

"The Latest Research Report Zinc Oxide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"

Zinc oxide is an inorganic compound, which is insoluble in water. Its chemical formula is ZnO. It is obtained as a white powder, produced synthetically from the naturally occurring mineral zincite. Zincite is chemically heated to combine with oxygen molecules. This solution is then vaporized, condensed, and formed into a powder, which has several medicinal uses, and can be employed as an additive in various materials such as rubbers, plastics, ceramics, batteries, glass, sealants, cement, lubricants, paints, ointments, adhesives, pigments, foods, ferrites, and fire retardants. It has various applications in the pharmaceutical industry, especially in skin care products, and is employed as a raw material in the manufacture of ointments, creams, lotions, baby powders, anti-dandruff shampoo, etc. It has various applications as an antiseptic in anti-septic creams and first-aid bandages due to its usage as an astringent, topical protectant, and an antiseptic. Zinc, due to its characteristics such as those of other elemental metals, can carry an electrical charge, which helps it act as a building block for protein synthesis in the human body. Moreover, zinc has a positive impact on the digestive tract and immune system. Hence, it has widespread applications in the healthcare industry. However, the compound zinc oxide is prescribed for medicinal usage only as an ointment or cream to be applied externally. It can prove hazardous if swallowed or consumed. Furthermore, inhalation of zinc oxide fumes can cause metal fume fever. The conductivity of zinc oxide is comparatively lower than that of its counterparts. Additionally, zinc oxide has several environmental hazards, as it is insoluble in water. This drives the need for substitutes. The market for zinc oxide is anticipated to provide lucrative growth opportunities due to its increasing usage in the tire and pharmaceutical industries. Both, the tire industry and pharmaceutical industry are likely to expand considerably during the forecast period. Governments from all around the world are approving the usage of zinc oxide as a UV filter in cosmetics. This is a key factor driving the zinc oxide market.

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In terms of end-use industry, the zinc oxide market can be segmented into rubber, ceramics, pharmaceuticals, chemicals, agriculture, and others. The rubber industry has dominated the market and is anticipated to dominate the market during the forecast period due to the extensive usage of zinc oxide as the main vulcanizing agent in the vulcanization process of rubber. The tire and automotive industries are anticipated to expand at a considerable growth rate during the forecast period, which in turn is projected to drive the zinc oxide market.

In terms of geography, the market can be segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominates the zinc oxide market and is likely to continue its dominance during the forecast period followed by Europe and Asia Pacific. The governments of countries in North America and the European Union, both, have approved the usage of zinc oxide in cosmetics and beauty products. Moreover, its increased utilization in the tire industry is anticipated to propel the market for zinc oxide in Asia Pacific, as Asia Pacific is a major market with lucrative growth opportunities for the tire industry.

Major players operating in the global market include Symrise, Ashland Specialty Chemical, BASF SE, Croda International plc, Kobo Products, Merck KGaA, Sunjin Chemical Co. Ltd., Mineral and Pigment Solutions Inc., Evonik Industries AG, and TRI-K Industries Inc., and Transpek Silox.

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Companies are adopting aggressive marketing tactics and merger & acquisition strategies to expand their market share. They are also shifting their production facilities to emerging economies, such as China and India, in Asia Pacific due to the easy availability of land, cheap labor, and government subsidies in the region. Additionally, companies are employing export as a tool for geographic expansion in emerging economies in Middle East & Africa.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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