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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 2022-2027 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.
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.
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It finds wide applications in the following segments:
The EMR report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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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.
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:
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.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region|
|Breakup by Application||Rubber, Ceramic, Chemical, Electronic, Others|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand|
|Trade Data Analysis||Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume|
|Price Analysis||Historical and Forecast Price Trends- Regional|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||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|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*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.
1.1 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
2.5 Market Models
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 (2017-2021) & Forecast (2022-2027)
6.2 Chart: Global Zinc Oxide Market Breakup by Application
6.3 Figure: Global Zinc Oxide Market Breakup by Application: Historical Market (2017-2021) & Forecast (2022-2027)
6.4 Chart: Global Zinc Oxide Market Breakup by Region
6.4.1 North America
188.8.131.52 United States of America
184.108.40.206 United Kingdom
6.4.3 Asia Pacific
6.4.4 Latin America
6.4.5 Middle East and Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
6.5 Figure: Global Zinc Oxide Market Breakup by Region: Historical Market (2017-2021) & Forecast (2022-2027)
6.5.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.5.3 Asia Pacific
6.5.4 Latin America
6.5.5 Middle East and Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
7 Global Zinc Oxide Price Analysis
7.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
7.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
7.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
7.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
7.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
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
10 Porter’s Five Forces Analysis
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
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
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
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
18.3 Plant Machinery
18.4 Cost of Raw Material
18.9 Other Capital Investment
In 2020, the global zinc oxide market attained a value of nearly USD 3.93 billion.
The market is projected to grow at a CAGR of 6% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 5.6 billion by 2026.
The major drivers of the industry, such as the growing demand from the end use industries, rising urbanisation and globalisation, changing lifestyles, and rising disposable incomes, are expected to aid the market growth.
The rising demand for smartphones, artificial intelligence, as well as voice recognition technologies, is expected to define the market growth in the coming years.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for the largest share in the market.
Rubber, ceramic, chemical, and electronic, among others, are the major application sectors of the product in the industry.
The major players in the industry 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 global zinc oxide market attained a value of USD 3.93 billion in 2020, driven by the growing demand from the end use industries. Aided by the technological advancements, the market is expected to witness a further growth in the forecast period of 2022-2027, 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 its applications, the market can be segmented into rubber, ceramic, chemical, electronic, and others. The major regional markets for zinc oxides are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above market 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, Zinc Nacional, S.A, and others.
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 market insights that are accurate, actionable, and help them remain ahead of their competition.
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