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Global Zinc Oxide Market: By Application: Rubber, Ceramic, Chemical, Electronic, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; SWOT Analysis; Porter’s Five Forces Analysis; EMR’s Key indicators for Demand; EMR’s Key Indicator for Price; Competitive Landscape; Industry Events and Developments
Global Zinc Oxide Market Outlook
The global zinc oxide market reached a value of nearly USD 3.93 billion in 2020. The market is expected to witness a further growth in the forecast period of 2021-2026 at a CAGR of 6%. It is expected to reach a value of nearly USD 5.6 billion by 2026.
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The significant factors driving the growth of the market are the rising end-use demand from advanced electronics and cosmetics sectors, particularly from emerging economies such as India, Brazil, and China. Rubber, ceramic, and chemical together account for the largest application market share of zinc oxide, representing nearly 80% of its total global applications. The electronics segment is expected to overshadow the rubber and chemical segments in the coming years due to the rising innovations taking place within the sector.
The Asia Pacific is the leading regional market for zinc oxide, accounting for 58% of the total supply of the product. The growth of the zinc oxide market in the Asia Pacific region owes to the rapidly increasing automotive demand in China and India. Most manufacturing plants are situated in Asia, with China being the centre of manufacture of the product due to the high access to raw materials. China is currently exporting zinc oxide, primarily to Thailand, Indonesia, and Vietnam. Taiwan, India, and China are the largest exporters of the product within the region. North America continues to be the largest net exporter due to its convenient access to raw material, while Europe is a significant importer due to feedstock and regulatory constraints. The United States primarily imports from Canada and Mexico. Although the Netherlands and Germany are majorly the exporting nations, there are many intra-regional imports in these countries for the transport of raw materials and finished goods.
Properties and Applications
Zinc oxide refers to an inorganic compound. Its formula is ZnO. It is a white powder that is not soluble in water. It finds its application as an additive in a wide range of products, like rubber, ceramics, plastics, glass, concrete, lubricants, ointments, paints, adhesives, pigments, sealants, meat, batteries, fire retardants, ferrites, and first aid films. Even if it naturally occurs as mineral zincite, the majority of zinc oxides are synthetically produced.
It finds wide applications in the following segments:
- Rubber
- Ceramic
- Chemical
- Electronic
- Others
The EMR report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Market Analysis
The global zinc oxide market is majorly driven by the growing electronics industry, which is one of the largest industries in the world. The electronics industry is rapidly growing due to the increased demand for smartphones, artificial intelligence, as well as voice recognition technologies.
The zinc oxide market is majorly supported by the rubber industry, which is rapidly growing due to its extensive use in tyre production. The use of rubber in automotive is thus driving the growth of the market because automotive is one of the largest markets globally. The sales of automobiles is growing at a faster pace and is expected to continue to grow at a fast rate in the coming years. This growth is expected to be even more robust in emerging economies like India and China. The markets for automotive in these regions are further propelling the market growth. The automotive segment, specifically in South Korea as well as India, is driving the demand for a high volume of zinc oxide. South Korea is the powerhouse of passenger cars and is expected to show the highest growth.
Zinc oxide is widely used in the production of cosmetic products, especially sunscreens, baby lotions, makeup, and bath soaps. It helps protect cells from damage, stops the effects of ageing, and reduces skin dryness by blocking out harmful UV rays. The growing personal care industry is thus boosting the demand for the product. Another major driver propelling the market growth is the increasing disposable income of the consumers., which is increasing the purchasing power of people to spend on personal care and automotive products.
Competitive Landscape
September 2017- Zinc Oxide L.L.C. acquired Zochem Inc, a subsidiary of American Zinc Recycling Corp. L.L.C., in a bid become the largest supplier of zinc oxide in North America.
The report gives a detailed analysis of the following key players in the global zinc oxide market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Umicore N.V.
- Zinc Oxide LLC
- US Zinc Corp.
- Hebei Botai Environmental Protection Technology Co., Ltd
- Co.Ge.Fin. S.p.A.
- Rubamin Ltd
- Zinc Nacional, S.A
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Cost Structure
4.4 Key Players
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Zinc Oxide Market Analysis
6.1 Figure: Global Zinc Oxide Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Chart: Global Zinc Oxide Market Breakup by Application
6.2.1 Rubber
6.2.2 Ceramic
6.2.3 Chemical
6.2.4 Electronic
6.2.5 Others
6.3 Figure: Global Zinc Oxide Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 Rubber
6.3.2 Ceramic
6.3.3 Chemical
6.3.4 Electronic
6.3.5 Others
6.4 Chart: Global Zinc Oxide Market Breakup by Region
6.4.1 North America
6.4.1.1 United States of America
6.4.1.2 Canada
6.4.2 Europe
6.4.2.1 Germany
6.4.2.2 France
6.4.2.3 United Kingdom
6.4.2.4 Italy
6.4.2.5 Others
6.4.3 Asia Pacific
6.4.3.1 China
6.4.3.2 Japan
6.4.3.3 India
6.4.3.4 ASEAN
6.4.3.5 Others
6.4.4 Latin America
6.4.4.1 Brazil
6.4.4.2 Argentina
6.4.4.3 Mexico
6.4.4.4 Others
6.4.5 Middle East and Africa
6.4.5.1 Saudi Arabia
6.4.5.2 United Arab Emirates
6.4.5.3 Nigeria
6.4.5.4 South Africa
6.4.5.5 Others
6.5 Figure: Global Zinc Oxide Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.5.1 North America
6.5.1.1 United States of America
6.5.1.2 Canada
6.5.2 Europe
6.5.2.1 Germany
6.5.2.2 France
6.5.2.3 United Kingdom
6.5.2.4 Italy
6.5.2.5 Others
6.5.3 Asia Pacific
6.5.3.1 China
6.5.3.2 Japan
6.5.3.3 India
6.5.3.4 ASEAN
6.5.3.5 Others
6.5.4 Latin America
6.5.4.1 Brazil
6.5.4.2 Argentina
6.5.4.3 Mexico
6.5.4.4 Others
6.5.5 Middle East and Africa
6.5.5.1 Saudi Arabia
6.5.5.2 United Arab Emirates
6.5.5.3 Nigeria
6.5.5.4 South Africa
6.5.5.5 Others
7 Global Zinc Oxide Price Analysis
7.1 North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
7.2 Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
7.3 Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
7.4 Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
7.5 Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
8 Global Trade Data Analysis (HS Code: 2817)
8.1 Major Exporting Countries: By Value and Volume
8.2 Major Importing Countries: By Value and Volume
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Porter’s Five Forces Analysis
10.1 Overview
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
10.6 Substitutes
11 Value Chain Analysis
12 EMR’s Key indicators for Demand
13 EMR’s Key Indicator for Price
14 Cost Analysis
14.1 Raw Material Cost
14.2 Utility Cost
14.3 Labour Cost
14.4 Others
15 Competitive Landscape & Supplier Analysis
15.1 Umicore N.V.
15.1.1 Company Overview
15.1.2 Financial Analysis
15.2 Zinc Oxide LLC
15.2.1 Company Overview
15.2.2 Financial Analysis
15.3 US Zinc Corp.
15.3.1 Company Overview
15.3.2 Financial Analysis
15.4 Hebei Botai Environmental Protection Technology Co., Ltd
15.4.1 Company Overview
15.4.2 Financial Analysis
15.5 Co.Ge.Fin. S.p.A.
15.5.1 Company Overview
15.5.2 Financial Analysis
15.6 Rubamin Ltd
15.6.1 Company Overview
15.6.2 Financial Analysis
15.7 Zinc Nacional, S.A
15.7.1 Company Overview
15.7.2 Financial Analysis
15.8 Others
16 Industry Events and Developments
Additional Customisations Available:
17 Manufacturing Process
17.1 Detailed Process Flow
17.2 Operations Involved
17.3 Mass Balance
18 Production Cost Analysis
18.1 Land, Location and Site Development
18.2 Construction
18.3 Plant Machinery
18.4 Cost of Raw Material
18.5 Packaging
18.6 Transportation
18.7 Utilities
18.8 Manpower
18.9 Other Capital Investment
Analyst Review
The global zinc oxide market attained a value of nearly USD 3.93 billion in 2020. It is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 6%. The market is projected to reach USD 5.6 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on applications, the global zinc oxide market can be segmented into rubber, ceramic, chemical, and electronic sectors, among others. The major regional markets of the product are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with the Asia Pacific region accounting for 58% of the product’s supply. The key players in the above industry include 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 major drivers of the industry such as rising disposable incomes, increasing population, growing electronics industry, and rising demand from rubber industry are driving the growth of the market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
- How has the global zinc oxide market performed in the previous years (2016-2020)?
- What is the forecast assessment of the market for 2021-2026?
- What are the major industry drivers and constraints?
- What are the major price and demand indicators of the global zinc oxide market?
- What are the price trends of the product in the global industry?
- Who are the key manufacturers of the product in the global market?
- What is the degree of competition in the global zinc oxide market?
- What are the import and export trends in the global zinc oxide market?
- Who are the top importers and exporters of the product in the industry globally?
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