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The global zinc oxide market is being driven by the expanding rubber and automotive industry coupled with its high demand from the ceramic sector. The Asia Pacific is the leading market for the global zinc oxide industry, accounting for 58% of the total supply. Within the Asia Pacific, China serves as the leading manufacturer of zinc oxide owing to the high accessibility of raw materials, further emerging as the major exporter of the product, primarily exporting to Thailand, Indonesia, and Vietnam. The growing automotive sector in emerging countries such as China and India are driving the demand for zinc oxide in the Asia Pacific. The major application sectors of zinc oxide include rubber, ceramic, and chemicals, accounting for almost 80% of the total market share. North America is the leading net exporter of zinc oxide owing to its convenient access to the raw material, while Europe serves as a significant importer of the product due to increased feedstock and regulatory constraints in the region.
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In October 2017, Zinc Oxide LLC, a leading player in the zinc oxide market, acquired Zochem, a subsidiary of American Zinc Recycling LLC, to become a leading North American producer of zinc oxide. The company announced that they will together generate sales of approximately USD 250 million in 2017, becoming approved suppliers to 88% of the total North American zinc oxide market. In November 2016, Umicore N.V. (OTCMKTS: UMICY), another leading player in the industry, announced the acquisition of its zinc chemicals business by OpenGate Capital, which renamed it to EverZinc, further expanding the production of its fine zinc powders, zinc oxide, and zinc for batteries, fulfilling the global demand for the products. Such developments are expected to aid the market for zinc oxide further.
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The major players in the global zinc oxide market are Umicore N.V., Zinc Oxide LLC, US Zinc Corp., Hebei Botai Environmental Protection Technology Co., Ltd, Co.Ge.Fin. S.p.A., Rubamin Ltd, and Zinc Nacional, S.A, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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