DUBLIN, Nov. 29, 2019 /PRNewswire/ — The “Zinc Oxide Market by Process (French Process, Wet Process, American Process), Grade (Standard, Treated, USP, FCC), Application (Rubber, Ceramics, Chemicals, Agriculture, Cosmetics & Personal Care, Pharmaceuticals), Region – Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.
The leading 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).
The global zinc oxide market size is estimated to grow from USD 4.4 billion in 2019 and to USD 5.7 billion by 2024, at a CAGR of 5.4% during the forecast period.
The market is driven by the large-scale and growing use of zinc oxide (ZnO) in application areas such as rubber and ceramics manufacturing. The growth of these end-use industries is expected to augment the growth of the global zinc oxide industry.
The wet-chemical process segment is projected to register the highest CAGR during the forecast period.
The wet-chemical process is projected to grow the fastest among the procedures used for manufacturing ZnO. Though the wet-chemical process is relatively complex in comparison with others, it enables the manufacturing of ZnO with finer particle size and active grades. The active grade helps the end-users to reduce the dosage of applications (between 40-70%). These factors are projected to boost the wet-chemical process.
The rubber application segment is expected to be the largest application of ZnO during the forecast period.
Rubber accounted for the majority of the global zinc oxide market share in 2018. ZnO is used as an activator in the vulcanization of rubber due to its superior properties. Vulcanization is the process of converting rubber into a more durable product. ZnO adds many features to the rubber, such as resistance against heat, and protects from ultraviolet degradation.
Tire manufacturing is the end-use industry that requires a very high amount of ZnO for durability and high heat conductivity because of the heat generated in tires during high speed. Also, there has been no substitute found to replace ZnO in the rubber application. These factors are driving the demand for ZnO in this application segment
The Middle East & Africa is projected to be the fastest-growing market during the forecast period.
The Middle East & Africa is projected to be the fastest-growing zinc oxide market during the forecast period. Increasing investment in aiding the establishment of new manufacturing facilities is driving the demand for ZnO in the region.
Key Benefits of Buying the Report
- This report segments the zinc oxide market comprehensively and provides the closest approximations of market sizes for the overall market and subsegments across verticals and regions.
- The report will help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.
- This report will help stakeholders understand the major competitors and gain insights to enhance their position in the business.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Zinc Oxide Market
4.2 Zinc Oxide Market in APAC
4.3 Zinc Oxide Market, By Country
5 Market Overview
5.2 Market Dynamics
188.8.131.52 Large Scale and Growing Demand From the Rubber Industry
184.108.40.206 Lack of Suitable Alternative in the Critical Application Areas of Zinc Oxide
220.127.116.11 The Slowdown in the Global Automotive Production
18.104.22.168 Fluctuation in the Price of Zinc
22.214.171.124 Growing Demand for Zinc Oxide Nanoparticles
126.96.36.199 Ban on the Usage of Zinc Oxide in Various Applications
5.3 Porter’s Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Threat of New Entrants
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 YC, YCC Drivers
5.5 Zinc Oxide Patent Analysis
5.5.2 Top Assignees
6 Zinc Oxide Market, By Process
6.2 Direct Process (American Process)
6.2.1 Limitations on Product Purity are Hampering the Growth of This Process in the Zinc Oxide Market
6.3 Indirect Process (French Process)
6.3.1 The French Process to Dominate the Global Zinc Oxide Market During the Forecast Period
6.4 Wet-Chemical Process
6.4.1 Zinc Oxide Manufactured By This Process is Expected to Witness A Higher Growth During the Forecast Period Due to Its Enhanced Properties
7 Zinc Oxide Market, By Grade
7.2 Standard Grade
7.2.1 Standard Grade Accounted for the Largest Share of the Global Zinc Oxide Market
7.3 Treated Grade
7.3.1 Treated Grade Zinc Oxide is Projected to Grow at A Relatively Slower Rate During the Forecast Period
7.4 United States Pharmacopeia (USP) Grade
7.4.1 Stringent Regulations on the Heavy Metal Content to Drive This Product Grade in the Global Market
7.5 Food and Chemical Codex (FCC) Grade
7.5.1 Regulations to Hamper the Growth of the FCC Grade in the Coming Years
7.6.1 The Middle East and Africa is Expected to Be the Fastest-Growing Market for Other Grades of Zinc Oxide, in Terms of Value
8 Zinc Oxide Market, By Application
8.2.1 Rubber is Expected to Be the Largest Application of Zinc Oxide
8.3.1 APAC is Expected to Be the Largest Market for the Ceramics Application
8.4.1 Growing Demand From End-Use Industries of Zinc Oxide-Based Chemicals is Expected to Drive the Market for This Application
8.5.1 South America is Expected to Be the Fastest-Growing Region for the Agriculture Application
8.6.1 Growing Awareness About the Advantages of the Use of Zinc Oxide is Expected to Drive the Market
8.7 Cosmetics and Personal Care
8.7.1 The Middle East and Africa is Expected to Be the Fastest-Growing Market for This Application During the Forecast Period
8.8.1 Electrical & Electronics Application is Expected to Be the Major Driver in This Segment
9 Zinc Oxide Market, By Region
9.2 North America
188.8.131.52 The US is the Largest Market for Zinc Oxide in North America
184.108.40.206 Automotive to Be the Dominant End-Use Industry of Zinc Oxide in Canada
220.127.116.11 Growing Tire Industry to Lead the Zinc Oxide Market in Mexico
18.104.22.168 Rubber Application to Drive the Demand for Zinc Oxide in France
22.214.171.124 The Demand for Zinc Oxide is Projected to Be Slow During the Forecast Period
126.96.36.199 Growing Tire Manufacturing to Drive the Demand for Zinc Oxide in the Country
188.8.131.52 Stagnant Demand From the Application Areas is Affecting the Growth of the Zinc Oxide Market in the Country
184.108.40.206 Growth of Zinc Oxide Market Will Be Driven By the Tire Industry
220.127.116.11 Slow Growth in the Manufacturing of Tire and Ceramic Products Will Affect the Market for Zinc Oxide
9.3.7 Rest of Europe
18.104.22.168 China is the Largest Market for Zinc Oxide in APAC
22.214.171.124 Increase in Demand for Tires is Expected to Drive the Market for Zinc Oxide
126.96.36.199 Japan is the Second-Largest Market for Zinc Oxide in the Region
9.4.4 Rest of APAC
188.8.131.52 Increasing Demand From Countries in the Region Will Drive the Market
9.5 Middle East & Africa
9.5.1 South Africa
184.108.40.206 Increasing Investment to Drive the Demand for Zinc Oxide During the Forecast Period
220.127.116.11 Investment in Tire Manufacturing to Drive the Demand for Zinc Oxide in Iran During the Forecast Period
18.104.22.168 Setting Up of Greenfield Plant for Tire Production Will Drive the Market for Zinc Oxide During the Forecast Period
9.5.4 Rest of Middle East & Africa
22.214.171.124 Investment in Rubber and Ceramic Industries By the Government is Expected to Drive the Market During the Forecast Period
9.6 South America
126.96.36.199 The Growing Capacity of Tire Production Will Drive the Market
188.8.131.52 Economic Difficulties are Expected to Hinder the Growth of the Market
9.6.3 Rest of South America
184.108.40.206 Zinc Oxide Market in This Region is Projected to Grow at A Relatively Slow Rate During the Forecast Period
10 Company Profiles
10.1 US Zinc
10.4 ZM Silesia S.A.
10.6 Akrochem Corporation
10.8 Pan-Continental Chemical
10.9 J.G. Chemicals
10.10 Upper India
10.11 Suraj Udyog
10.12 Other Key Players
10.12.1 Global Chemical Company Ltd.
10.12.2 American Zinc Recycling
10.12.3 Arabian Zinc
10.12.4 Uttam Industries
10.12.5 L. BrggeMann GmbH
10.12.8 Nahar Zinc Oxide
10.12.9 Weifang Longda Zinc Industry
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