[Online Quarterly Update] Global zinc oxide demand is projected to grow at a healthy CAGR of 5.35% during the forecast period until 2030. Zinc oxide is an inorganic compound. It appears as a white powder and is insoluble in water. It occurs in nature as the mineral zincite. Zinc oxide can be produced industrially via three processes namely french process, wet process, and american process. Out of these, the wet process is most widely used because the zinc oxide grade produced by this route is finer and has good dispersion and has superior properties as compared to the other two processes. Zinc oxide is available in four grades including standard, treated, USP (United States Pharmacopeia), FCC (Food Chemicals Codex). Zinc oxide has application in rubber, ceramics, paints and coatings, cosmetics, pharmaceuticals, metal processing, food additives, lubricants, and others. Around 50% of zinc oxide is used in rubber industry for rubber vulcanization. Major end use industries for zinc oxide include automotive, building and construction, personal care, healthcare, food and beverages, metallurgy, and others. Growing demand of rubber industry from tires and other applications coupled with the increasing demand of other end use industries such as healthcare and personal care is expected to drive the demand of zinc oxide during the forecast period. Moreover, stringent environmental regulations regarding zinc oxide for example the European Union regulation on the usage of zinc oxide are expected to hider the demand growth during the forecast period.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries. Construction and automotive were among the most affected industries during the pandemic. This had an impact on the demand of zinc oxide for the first half of 2020. Therefore, the demand for zinc oxide fell during the coronavirus pandemic from the construction and automotive segments.
Region wise, Asia pacific region holds the major share of global demand for zinc oxide due to increasing demand of application areas including construction and automotive. Moreover, increasing population and per capita income is another factor propelling demand growth in Asia Pacific.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
•To assess the demand-supply scenario of zinc oxide which covers production, demand and supply of zinc oxide market globally.
•To analyse and forecast the market size of zinc oxide .
•To classify and forecast global zinc oxide market based on technology, end-use and regional distribution.
•To identify drivers and challenges for global zinc oxide market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global zinc oxide market.
•To identify and analyse the profile of leading players involved in the manufacturing of zinc oxide.
Major players for zinc oxide globally include US Zinc, Zochem, EverZinc, ZM Silesia, Akrochem, Rubamin, Pan-Continental Chemical, J.G. Chemicals, Upper India, and Suraj Udyog, and Others.
To extract data for global zinc oxide market, primary research surveys were conducted with zinc oxide manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global zinc oxide market over the coming years.
ChemAnalyst calculated zinc oxide demand globally by analyzing the historical data and demand forecast which was carried out considering imported zinc oxide, prices, materials used for production of zinc oxide . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• zinc oxide manufacturers and other stakeholders
•Organizations, forums and alliances related to zinc oxide distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as zinc oxide manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, global zinc oxide market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Application
Rubber, Ceramics, Paints and Coatings, Cosmetics, Pharmaceuticals, Metal Processing, Food Additives, Lubricants
Market, by End Use
Automotive, Building and Construction, Personal Care, Healthcare, Food and Beverages, Metallurgy
Market, by Sales Channel
Direct Company Sale, Direct Import, Distributors & Traders, Retailers
Market, by Region
North America, APAC, Europe, MEA, South America
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