According to the report, published by Fortune
Business Insights in a report, titled “
Zinc Oxide
(ZnO) Market Size
, Share & Industry Analysis, By
Process (French / Indirect Process, American/ Direct Process, Wet Process, and
Others), By Grade (Standard, Chemical, Pharma, Food, and Others), By
Application (Rubber, Ceramic, Chemical, Agriculture, Paints & Coatings,
Cosmetics & Pharmaceuticals, and Others), and Regional Forecast, 2019-2026”
the market size stood at USD 4.10 billion in 2018.
The global zinc oxide market size is predicted to reach USD
6.36 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period. The
increasing application of zinc oxide in the cosmetic and pharmaceutical
industry will contribute positively to the zinc oxide market growth during the
forecast period. The zinc oxide is a vital ingredient in the manufacturing of foot
powders, makeup, bath soaps, and baby lotions. Thus, the rising demand for
cosmetics products such as sunscreens, antiseptic ointments will accelerate the
zinc oxide market revenue.
Moreover, the rising demand for calamine creams
owing to its properties to prevent sunburn, premature aging of the skin, along
with the protection of skin from UV lights, will also aid the development of
the market in the forthcoming years. Nonetheless, the rising emphasis on
skincare and skin protection will have a positive impact on the zinc oxide
market revenue.
The report is aimed at delivering a comprehensive
description of the zinc oxide market dynamics and structure by identifying and
providing information regarding the key market segments. It also focuses on an all-encompassing
analysis of leading market players by financial position, product, product
portfolio, price, growth strategies, and regional presence. It offers PORTER’s
analysis and SWOT analysis to record the question of shareholders and
highlights the investment potential in the upcoming future. It also showcases
what procedures and strategies; companies are currently implementing in the
market. It further examines the ways and components convincing market
expansion, growth patterns, restricting factors, and market strategies.
Competitive Landscape:
Agreement Between Zinc Oxide LLC and Zochem to Spur
Business Opportunities
Zinc Oxide LLC, a supplier and manufacturer of
inorganic compounds announced that it acquired a subsidiary of American Zinc
Recycling LLC, Zochem. The agreement between the company will involve a
transaction of all Zochem’s manufacturing operations and product lines.
Zochem’s extensive domestic and global distribution network will remain the
same. The acquisition of Zinc Oxide LLC will aid the expansion of the zinc
oxide market during the forecast period owing to the manufacturing and
production of zinc oxide with the French Process method, as it is considered
the best method for high-quality zinc oxide.
Moreover, Ed Smith, the Senior Vice President of
Sales and Marketing, said in a statement, “The acquisition of Zochem
demonstrates our commitment to being the leading zinc oxide supplier in North
America. This move will benefit customers by ensuring a stable source for
any grade of the highest-quality zinc oxide. In addition, many customers
will benefit from reduced shipping costs and transit times, as approximately
80% of the North American zinc oxide market is within a 500-mile radius of our
two plants.”
Regional Insights:
Stellar Demand for Rubber to Augment Growth in Asia
Pacific
Asia Pacific is likely to witness high demand in
the forthcoming years. The growth in the region is attributed to the growing
demand for zinc oxide in rubber applications. Moreover, the surge in the
automotive industry will also contribute positively to the growth of the market
owing to the use of rubber in the automotive industry for the manufacturing of
tires, automotive ant vibration, transmission systems, molded parts, spare
parts, body sealing systems, and adhesives. The market in North America generated
a revenue of USD 0.55 billion in 2018 and is expected to witness steady growth
in the forthcoming years due to the declining rubber production in the region.
Browse
Detail Market Insights with Table of Content, Tables, and Figure:
https://www.fortunebusinessinsights.com/zinc-oxide-market-102480