Zinc Oxide Market Research Report - Global Forecast till 2030

Zinc Oxide Market Research Report: Information by Form (Powder and Pellets), Application (Chemicals, Rubber, Ceramics, Cosmetic Ingredients, Paints & Coatings, Metal Processing and others) and Region (Asia-Pacific, North America, Latin America, Europe and Middle East & Africa) - Forecast till 2027

ID: MRFR/CnM/4646-CR | February 2021 | Region: Global | 140 Pages         

Zinc Oxide Market

Zinc Oxide Market is projected to be worth USD 5,660.82 Million by 2027, registering a CAGR of 4% during the forecast period (2020 - 2027)

Segmentation

By Form Powder Pellets
By Application Chemicals Rubber Ceramics Cosmetic Ingredients Paints & Coatings Metal Processing Others

Key Players

  • Zochem (US)
  • SILOX SA (Belgium)
  • American Chemet Corporation
  • H. Chemicals (Canada)
  • Rubamin (India)
  • Grillo Zinkoxid GmbH
  • Pan-Continental Chemical Co. Ltd
  • Mario Pilato Blat
  • SA (Spain)

Drivers

  • Increase application in electronics
  • cosmetics and semiconductors
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Zinc Oxide Market Overview


Zinc Oxide is having physical and chemical properties in the same way. It is derived by three processes direct, indirect and wet chemical process. Zinc oxide is highly used in industries such as rubber, ceramics, fertilizers, chemicals, pharmaceuticals, paint and coatings, electronics, personal care and many more. To manufacture tires, hockey puck and shoe soles, for vulcanizing rubber, zinc oxide is used. Rubber is one of the important parts of automobiles and transport vehicles, nearly 75% of produced rubber is using in tire production. They mostly use styrene-butadiene rubber for tire production.


Other than this, silicone rubber is also used in various applications in the automobile interiors like ignition cables, HT cables, airbags, grommets, spark plug boots, ventilation flaps, etc. In 2018, globally, the zinc oxide market size is valued at USD 3,663.11 million and is expected to reach USD 5,660.82 million at a CAGR of 4% by 2027.

COVID-19 Analysis:

In 2020, globally all the markets are negatively impacted due to COVID-19. Many countries around the world are in lockdown to stop the spread of coronavirus. Due to the lack of manpower, supply and demand, they have shut down plants for a large amount of loss, majorly for tire manufacturers. Moreover, the world’s biggest tiremaker shuts its 8 tire plants in April and May 2020.


Apart, its main passenger vehicle tire factory located in Hikone, western Japan and its main truck and bus tire manufacturing plant located in Amagi, and southern Japan are also shut. In this way, COVID-19 negatively affects the Zinc oxide market. By growing the demand from the rubber industry, it is expected to have a growth of the zinc oxide market.

Market Dynamics:

Driver:

Increase application in electronics, cosmetics and semiconductors
Due to an increase in the application of electronics and semiconductors, the growth of the market rises. Increasing the production of smart devices and the utilization of zinc oxide in cosmetic products and personal care products including makeup, baby lotions, powders and bath soaps are the key drivers of the zinc oxide market. It is also used as a bulking agent, a colourant, and a skin protectant in OTC drug products as a sunscreen.


Restraint:

Stringent regulations by the European Commission


By the strong regulations of the European Commission and the less production of rubber in form of tires from the automotive industry will hamper the growth of the market. The cost of the zinc is depended upon availability and use. The price fluctuation of zinc is also a major factor for the zinc oxide market.


Due to the poisonous nature of zinc oxide fumes, its exposure causes metal fume fever that occurs flu-like illness with symptoms of headache, fever, metallic taste in the mouth, and chills may hinder the growth of the zinc oxide industry


Opportunities:

Demand for nanoparticles


By increasing the demand for nanoparticles creates an opportunity for manufacturers. These zinc oxide nanoparticles are easy to fabricate, environment-free, and have a nontoxic synthesis route that suitable for various biological applications.

Study Objectives -



  • To provide detailed information about the zinc oxide market structure along with various forecast segments and sub-segments.

  • To provide the factors that are affecting the growth of zinc oxide market analysis.

  • To analyze the zinc oxide market-based porter’s five force analysis, etc.

  • To provide historically and forecast revenue segments and sub-segments of the zinc oxide market share for the four main geographies and their countries.

  • To provide the country-level analysis of the current zinc oxide market size and future prospective

  • To provide country-level analysis of the zinc oxide market growth by region, form, and application.

  • To provide a strategic profile of the key players in the market, analyze their core competencies and draw a landscape of the global zinc oxide industry market growth.

  • To track and analyze new product developments, strategic alliances, and global zinc oxide market research.


Segment Overview:

The dynamite market analysis is segmented based on the application, type, region and form.

Based on Application

Based on the application, the zinc oxide market is segmented into rubber, chemicals, ceramics, agriculture, pharmaceuticals, cosmetics and personal care, and others. Cosmetics and personal care are the major application of zinc oxide for their exemplary properties that comprise the high refractive index, high thermal conductivity, antibacterial properties, UV protection and more. The other most used applications are used in creams, ointments, and lotions to protect skin from harmful rays of sunlight.


Based on Form

The zinc oxide market based on the form segmented into powder and pellets. The zinc oxide powder includes foot powders and makeup and also as an ointment in sun protection products and diaper rash products. Mostly used in pharmaceuticals, cosmetics, medical, ceramics, textiles and glass.


Based on Region

The zinc oxide market research is done based on five regions such as North America, Latin America, Asia-Pacific, Europe, and the Middle East & Africa. Out of these, Asia-Pacific held the largest market share and Europe exhibit a high growth rate in 2018.


Based on Type

Based on type, the zinc oxide market is segmented into three types as the direct process, indirect process and wet chemical process. The direct process is also called an American method, and the indirect process is also called a French method

Regional Analysis -

The global zinc oxide market revenue has been studied across the five regions like Latin America, North America, Europe, Asia-Pacific and the Middle East & Africa.


In 2018, Asia-Pacific held the largest market share and expected to register a value of 5.1% CAGR during the forecast period. The growth of the zinc oxide market depends on the rising of application in cosmetics, electric vehicles, Dye, the skincare products respectively. The leading producer of zinc oxide pigment in China. Countries like India, South Korea and Japan contributes major shares.


In 2018, the European market reaches the highest market growth rate and by 2025, a steady CAGR is registered. On the government consent, usage of zinc oxide in the beauty segment and on the European commission permission of zinc oxide as a UV filter in beauty applications, most of the manufacturing companies using ZnO in sunscreen cosmetic products.


North America accounted for a 21% share in 2018 and expected to register a 4.5% CAGR during the forecast period by increasing the production of tire manufacturing companies and cosmetic products.


During the forecast period, the market in the three other regions is expected to register a healthy CAGR.

Competitive Landscape

The major market leaders that participated in the global zinc oxide market revenue are as follows:



Zochem, a North American manufacturer, one of the leading company planned to open a distribution centre in Europe to increase its expansion across the globe.

Recent Developments



  • July 2021- Vizor LLC announced the launch of two new next-generation inorganic sunscreen ingredients based on patent-pending surface modification technology, which can offer significantly superior SPF values with better performance and less material than conventional zinc oxide ingredients. Super Zinc 1000 and Super Zinc Natural offer lower viscosity, superior wetting, and better dispersibility in formulation, enabling better transparency and 50%-100% higher SPF values. The ingredients focus on the growth of appealingly pleasant sunscreen for the FDA Category the color, anti-aging, skincare, and sun care cosmetic products, which can meet upcoming EU Monograph requirements and FDA Sunscreen Monograph requirements UVA/UVB protection. Super Zinc ingredients are environmentally safe and proven safe for aquatic life by an EPA-certified testing laboratory. The company believes that the sun protection market is stronger than ever and provides a lucrative opportunity for consumers who modernize with consumer requirements in mind.
    In both Super Zinc 1000 and Super Zinc Natural, Vizor’s patent-pending surface modification technology evidently enhances the SPF value per unit of zinc oxide, causing complete, uniform coating of the zinc oxide particles.

  • On 9 May 2020, in Egypt, a new tire manufacturer, Pyramids Tires has started a factory with its first tire roll production line with around USD 350 million. Currently, this factory is manufacturing motorcycles, forklift, and agricultural tires for its plant’s developments first phase.

  • One of the largest and most advanced tire markets in the world was represented by the U.S. The united states provide a home to some of the best tire manufacturers in the world as Goodyear Tire & Rubber Co., Michelin and Bridgestone Americas Tire Operations, Cooper Tire & Rubber Co., to complete the US rubber industry which was grown by leaps and bounds over the years.


Report Overview:

The zinc oxide market research report is including the factors like Market Review, COVID-19 Analysis, Market Dynamics, Study objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent Developments, Segmentation Table and FAQs.

Market dynamics consists of the drivers, restraints, and opportunities of the zinc oxide market growth. In the segment overview, it is clearly explained that the way of segmenting the zinc oxide market based on type, form, application and region.

Segmentation Table

The zinc oxide market research is done based on type, application, region and form.


By Application
Agriculture, rubber, ceramics, pharmaceuticals, chemicals, cosmetics and personal care, and others


By Form
Powder and Pellets


By Type
Direct process, Indirect process and wet Chemical


By Region
The zinc oxide market analysis operated for the five regions- Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America.



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2018: USD 3,663.11 Million 2025: USD 5,660.82 Million
  • 2027 : 5,660.82 Million
  •   CAGR   4% (2022–2027)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Form, Application and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Zochem (US), SILOX SA (Belgium), American Chemet Corporation (US), H. Chemicals (Canada), Rubamin (India), Grillo Zinkoxid GmbH (Germany), Pan-Continental Chemical Co., Ltd (Taiwan), Mario Pilato Blat, and SA (Spain)
      Key Market Opportunities   By increasing the demand for nanoparticles creates an opportunity for manufacturers.
      Key Market Drivers   Increase application in electronics, cosmetics and semiconductors


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    Frequently Asked Questions (FAQ) :

    The zinc oxide market is anticipated to grow at a higher CAGR of 4% in the global market during the forecasted period.

    The most prominent major vital players are American Chemet Corporation, Pan-Continental Chemical Co., Ltd., Befesa Medio Ambiente SA, Miike Smelting Co., Ltd., and various others.

    The largest market share in the zinc oxide market all across the globe is held by the Asia-Pacific region followed by the European region and North American region respectively.