Zinc Oxide Market Trend, Share, Growth, Size, Analysis and Forecast 2030

Zinc Oxide Market

Zinc Oxide Market, By End-User (Rubber, Chemicals, Pharmaceuticals, Agricultural, Personal Care, Ceramics, and Many Others), By Applications (Additive in Plastic, Glass, Paints, Lubricant, and Adhesive): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-728 Published Date: Dec-2020 Status : Published

Global Zinc Oxide Market demand was $4.4 Billion in 2019 and is predicted to reach $6.4 Billion by 2026, increasing at a CAGR of 5.5%.

According to the report published by Zion Market Research, global demand for Zinc Oxide Market was valued at approximately USD 4.4 Billion in 2019, and is expected to generate revenue of around USD 6.4 Billion by end of 2026, growing at a CAGR of around 5.5 % between 2020 and 2026.

Global Zinc Oxide Market: Overview

Zinc oxide (ZnO) is a white inorganic solid powder. It is insoluble in water and non-flammable. The primary elements are closely connected to each other in order to merge, and further create a cluster in a typical atmosphere. Zinc oxide is mainly considered to be zincite in nature and is further removed after different processes of zinc oxide. Zinc Oxide is also noted for its unusual physiochemical properties such as catalytic, anti-corrosive, antifungal, anti-bacterial and UV filtering properties.

Global Zinc Oxide Market: Growth Factors

The increasing use of zinc oxide in the end-user industries and the increasing demand from the dye and paint industries are driving the global market for zinc oxide. It’s highly stable chemical and physical properties have gained immense prominence in the electronics industry, resulting in a growing demand for the global zinc oxide market. Zinc oxide is commonly used in pharmaceuticals to circulate colour and disease-specific properties. Zinc oxide is also used in chemicals used in agriculture, and is also the main factor responsible for the rise of the global demand for zinc oxide. Market participants are focused on partnership and mergers to create new technologies and to tap into opportunities in the solar and surface coating industries. These are the key reasons responsible for the accelerated growth of the global demand for zinc oxide. Moreover the demand from the rubber sector, owing to the high demand for vehicles, is also a development driver that motivates the global market for zinc oxide. Moreover, due to increasing demand, the global market for zinc oxide is projected to expand in a positive way in the future. However, sluggish economic growth and the introduction of new regulations related to the use of zinc have constrained the growth of the global demand for zinc oxide to some degree.

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Global Zinc Oxide Market: Segmentation

The global zinc oxide market is broadly segmented in various end-user industries such as rubber, chemicals, pharmaceuticals, agricultural, personal care, ceramics and many others from which rubber industry dominates the global zinc oxide market in terms of demand. Further, based on applications, the global zinc oxide market is categorized as additive in plastic, glass, paints, lubricant, adhesive, and so on. 

Global Zinc Oxide Market: Regional Analysis

Geographically, the Asia-Pacific region is leading the global market for zinc oxide due to the strong demand from the electronics industry, especially China. North American and European regions are projected to increase exponentially due to the increasing industrialisation of sub-regions in the immediate future.

Global Zinc Oxide Market: Competitive Players

Some main participants of the zinc oxide market are BASF SE, Hindustan Zinc Ltd., Pan-Continental Chemical Co. Ltd., Industrias Penoles, Hakusui Tech Company Ltd., Korea Zinc Company Ltd., New Boliden AB, Teck Cominco Ltd., Zinifex Ltd., Xstrata Plc, among others.

Zinc Oxide Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Rising utilization of zinc oxide in end-user industries and growing demand from the dyes and paints industries is driving the global zinc oxide market.

According to Zion Market Research, global demand for zinc oxide market is expected to generate revenue of around USD 6.4 Billion by end of 2026, growing at a CAGR of around 5.5 % between 2020 and 2026.

Geographically, Asia Pacific region is leading the global zinc oxide market due to huge demand from the electronic industry, specifically from China.

Some main participants of the zinc oxide market are BASF SE, Hindustan Zinc Ltd., Pan-Continental Chemical Co. Ltd., Industrias Penoles, Hakusui Tech Company Ltd., Korea Zinc Company Ltd., New Boliden AB, Teck Cominco Ltd., Zinifex Ltd., Xstrata Plc, among others.

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