Browse 104 market data Tables and 28 Figures spread through 117 Pages and in-depth TOC on "Zinc Oxide Market”.
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ZnO is a white inorganic compound that is used widely in pharmaceuticals, rubber, ceramics cosmetics, chemicals, and glass industries.The growth of these end-use industries is expected to fuel the global zinc oxide market demand over the forecast period.
“The cosmetics & personal care applications are expected to register the fastest growth during the forecast period.”
The property of ZnO to absorb harmful ultraviolet rays is widely put to use in cosmetics & personal care applications. Various types of sunscreen and baby lotions are prepared using ZnO, and as the consumers are becoming more aware of its benefits, this application is expected to drive the growth of the market.
“APAC was the largest zinc oxide market in 2018.”
APAC led the global zinc oxide industry in 2018. The main reason for the growth of the market in the region is China, which accounts for 30% of the worldwide zinc oxide production. The demand is attributed to the growing tire and ceramic industries in China due to the demand from the construction and automotive sectors.
Rubber was the largest application of the zinc oxide market in 2018.
ZnO is used for the vulcanization of rubber to increase the durability of rubber. The tire industry further uses this vulcanized rubber for the manufacturing of tires. In 2018, the rubber industry consumed more than half of the ZnO produced around the world due to the growing production of tires. Rising demand for rubber in the tire, as well as non-tire applications, is expected to drive the demand for zinc oxide consequently.
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Key Market Players
The key players in the zinc oxide market are US Zinc (US), Zochem (US), EverZinc (Belgium), ZM Silesia (Poland), Akrochem (South Africa), Rubamin (India), Pan-Continental Chemical (Taiwan), J.G. Chemicals (India), Upper India (India), and Suraj Udyog (India). These players have strong R&D and focus on producing high-performance products to meet the demands of end-users.
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