The report “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″, 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 demand from the rubber industry for using in the vulcanization process, which is used by the tire manufacturers, is driving the market.
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• 104 Market data Tables
• 28 Figures
• 117 Pages and in-depth TOC on “Zinc Oxide Market – Global Forecast to 2024”
Some of the prominent key players 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)
· Suraj Udyog (India)
Indirect (French) process segment accounted for the largest share of the zinc oxide market
In this process, metallic zinc is melted in a crucible and is vaporized at high temperatures (above 1652 F). The ZnO, thus obtained, typically consists of agglomerated particles with an average size of 0.1 micrometers to a few micrometers. ZnO produced by this process is used in rubber, cosmetics, pharmaceuticals, and paints.
The cosmetics & personal care applications is 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.
Key questions addressed by the report :
· What was the zinc oxide market size?
· What are the global zinc oxide market trends in demand for ZnO?
· Will the market witness an increase or decline in demand in the near future?
· What were the revenue pockets for ZnO?
· Who are the key players in the global ZnO market?
