Zinc Oxide Market Manufacturers Analysis, Size Report and Growth Forecast to 2026
The global zinc oxide market size is predicted to reach USD 6.36 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period. The increasing application of zinc oxide in the cosmetic and pharmaceutical industry will contribute positively to the zinc oxide market growth during the forecast period. The zinc oxide is a vital ingredient in the manufacturing of foot powders, makeup, bath soaps, and baby lotions. Thus, the rising demand for cosmetics products such as sunscreens, antiseptic ointments will accelerate the zinc oxide market revenue. Moreover, the rising demand for calamine creams owing to its properties to prevent sunburn, premature aging of the skin, along with the protection of skin from UV lights, will also aid the development of the market in the forthcoming years. Nonetheless, the rising emphasis on skincare and skin protection will have a positive impact on the zinc oxide market revenue.
Regional Insights:
Stellar Demand for Rubber to Augment
Growth in Asia Pacific
Asia Pacific is likely to witness high
demand in the forthcoming years. The growth in the region is attributed to the
growing demand for zinc oxide in rubber applications. Moreover, the surge in
the automotive industry will also contribute positively to the growth of the
market owing to the use of rubber in the automotive industry for the
manufacturing of tires, automotive ant vibration, transmission systems, molded
parts, spare parts, body sealing systems, and adhesives. The market in North
America generated a revenue of USD 0.55 billion in 2018 and is expected to
witness steady growth in the forthcoming years due to the declining rubber
production in the region.
Browse Complete Report Summary@ https://www.fortunebusinessinsights.com/zinc-oxide-market-102480
According to the report, published by
Fortune Business Insights in a report, titled “Zinc Oxide Market Size, Share
& Industry Analysis, By Process (French / Indirect Process, American /
Direct Process, Wet Process, and Others), By Grade (Standard, Chemical, Pharma,
Food, and Others), By Application (Rubber, Ceramic, Chemical, Agriculture,
Paints & Coatings, Cosmetics & Pharmaceuticals, and Others), and
Regional Forecast, 2019-2026” the market size stood at USD 4.10
billion in 2018. The report is aimed at delivering a comprehensive description
of the zinc oxide market dynamics and structure by identifying and providing
information regarding the key market segments. It also focuses on an
all-encompassing analysis of leading market players by financial position,
product, product portfolio, price, growth strategies, and regional presence. It
offers PORTER’s analysis and SWOT analysis to record the question of
shareholders and highlights the investment potential in the upcoming future. It
also showcases what procedures and strategies; companies are currently
implementing in the market. It further examines the ways and components
convincing market expansion, growth patterns, restricting factors, and market
strategies.
Competitive Landscape:
Agreement Between Zinc Oxide LLC and
Zochem to Spur Business Opportunities
Zinc Oxide LLC, a supplier and
manufacturer of inorganic compounds announced that it acquired a subsidiary of
American Zinc Recycling LLC, Zochem. The agreement between the company will
involve a transaction of all Zochem’s manufacturing operations and product
lines. Zochem’s extensive domestic and global distribution network will remain
the same. The acquisition of Zinc Oxide LLC will aid the expansion of the zinc
oxide market during the forecast period owing to the manufacturing and
production of zinc oxide with the French Process method, as it is considered
the best method for high-quality zinc oxide.
Moreover, Ed Smith, the Senior Vice
President of Sales and Marketing, said in a statement, “The acquisition of
Zochem demonstrates our commitment to being the leading zinc oxide supplier in
North America. This move will benefit customers by ensuring a stable
source for any grade of the highest-quality zinc oxide. In addition, many
customers will benefit from reduced shipping costs and transit times, as
approximately 80% of the North American zinc oxide market is within a 500-mile
radius of our two plants.”
The Report lists the Main Companies in the Zinc Oxide
Market
·
Spirochem Lifesciences Private Limited
·
Cosmo Zincox Industries
·
UCA Lanka Pvt. Ltd
·
Rubamin
·
S. Zinc
·
Hemadri Chemicals
·
Zochem
·
Lanxess
·
EverZinc
·
Zinc Oxide LLC
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