Increasing demand for Zinc Oxide in online retails especially in the emerging nations coupled with high investments in RD of Zinc Oxide, are fueling the market growth.
Zinc Oxide Market Size – USD 4.18 Billion in 2018, Growth - CAGR of 5.4%, Trends – Increase in demand for Zinc Oxide as a solvent in paints coatings.
The Global Zinc Oxide Market is forecast to reach USD 6.37 Billion by 2027, according to a new report by Reports and Data. Zinc Oxide (ZnO) is an inorganic chemical compound that typically comes in a white colored powder formation and insoluble in water. Zinc oxide is manufactured via several methods such as indirect or French process, direct or American process, wet chemical process, waelz process, laboratory synthesis, and zinc oxide nanostructures. Amongst these many processes, the wet chemical processes are now being widely followed in industries as the final product are more effective with a higher dispersion and slow setting rate. The global market is growing at a substantial pace due to the growing demand for Zinc Oxides for the vulcanization of rubber in the tire manufacturing industries and the skincare products manufacturing for its sun protection properties. The rapid growth of the ceramic and glass made consumer and architectural applications is projected to take part in the market growth substantially.
Reports and Data's Global Zinc Oxide Market research report is an in-depth investigation that provides an industry-wide overview of existing and emerging growth patterns, end-user analysis, and other key data that has been tested and validated by industry experts and professionals. The report examines the market in terms of importance, share, size, demand and supply, patterns, competitive landscape, industrial chain analysis, and other important factors. The report also provides a detailed outlook for the industry's driving and restraining forces, as well as micro and macroeconomic factors that are expected to influence its development.
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Key Companies: Akrochem Corporation, U.S. Zinc Corporation, Pan-Continental Chemical Co., Ltd., J G Chemicals Pvt Ltd, Lanxess Aktiengesellschaft, Rubamin, ZM Silesia S.A., Upper India, L. BrüggeMann GmbH, and EverZinc, among others.
The Zinc Oxide market investigation report assesses the global market for the Zinc Oxide industry and provides revenue and capability forecasts for the projected period. The factors that drive the industry's growth are highlighted in the report. The report divides the Zinc Oxide market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and market size, geographic presence, and development and manufacturing capabilities.
Further key findings from the report suggest:
- Zinc Oxide is used in the manufacturing process of glazes and acts as an opacifier and whitener. The low coefficient of thermal expansion of ZnO improves resistance to thermal as well as mechanical shock in glass ceramics. In the frit industry, ZnO enhances clarity and color. Glass ceramic industries sub-segment is expected to grow at a CAGR of 6.0% during the forecast period.
- Growing penetration of the online retailing businesses for chemicals and materials, especially in the emerging nations of the Asia Pacific, is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, due to the non-involvement of distributors in the supply chain model, the profit margin is way more than that of the offline retailing. Online retailing is expected to gain a market share of 33.9% by 2027.
- European region is forecasted to witness a significant growth in the overall market, with 25.6% of market possession by 2027, having grown with a CAGR of 3.9% during the forecast period. Germany holds some of the most prominent players in this region.
- North America, with its high demand for ZnO in the automotive tires and glass-based products, is accounted to retain a significant position in the global market by 2027, and the CAGR is calculated to be 6.3% during the forecast period.
- In January 2019, EverZinc, a global leader in the production of zinc chemicals based in Belgium, announced the acquisition of GH Chemicals, a Canadian manufacturer and exporter of French Process-based zinc oxide products. This acquisition would provide a product and market expansion of EverZinc through the world-class facilities in Quebec.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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Market Segmentation:
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Zinc Oxide market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Zinc Oxide market.
The global Zinc Oxide market is segmented into:
Distribution Channel Outlook (Revenue, USD Billion; 2016-2027)
- Online Retailing
- Offline Retailing
Grades Outlook (Revenue, USD Billion; 2016-2027)
- Standard
- Treated
- Food Chemical Codex (FCC)
- United States Pharmacopeia (USP)
- Other Grades
End-Use Verticals Outlook (Revenue, USD Billion; 2016-2027)
- Glass Ceramic Industries
- Tire Rubber Industries
- Paints Coatings
- Chemicals Pharmaceuticals
- Consumer Goods
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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