The global zinc oxide market sizeis 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 thecosmetic and pharmaceutical industry will contribute positively to the zincoxide market growth during the forecast period. The zinc oxide is a vitalingredient in the manufacturing of foot powders, makeup, bath soaps, and babylotions. 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 preventsunburn, premature aging of the skin, along with the protection of skin from UVlights, will also aid the development of the market in the forthcoming years.Nonetheless, the rising emphasis on skincare and skin protection will have apositive impact on the zinc oxide market revenue.
According to the report, published byFortune Business Insights in a report, titled “Zinc Oxide 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), andRegional Forecast, 2019-2026” the market size stood at USD 4.10billion in 2018. The report is aimed at delivering a comprehensive descriptionof the zinc oxide market dynamics and structure by identifying and providinginformation regarding the key market segments. It also focuses on anall-encompassing analysis of leading market players by financial position,product, product portfolio, price, growth strategies, and regional presence. Itoffers PORTER’s analysis and SWOT analysis to record the question ofshareholders and highlights the investment potential in the upcoming future. Italso showcases what procedures and strategies; companies are currentlyimplementing in the market. It further examines the ways and componentsconvincing market expansion, growth patterns, restricting factors, and marketstrategies.
Competitive Landscape:
Agreement Between Zinc Oxide LLC and Zochemto Spur Business Opportunities
Zinc Oxide LLC, a supplier andmanufacturer of inorganic compounds announced that it acquired a subsidiary ofAmerican Zinc Recycling LLC, Zochem. The agreement between the company willinvolve a transaction of all Zochem’s manufacturing operations and productlines. Zochem’s extensive domestic and global distribution network will remainthe same. The acquisition of Zinc Oxide LLC will aid the expansion of the zincoxide market during the forecast period owing to the manufacturing andproduction of zinc oxide with the French Process method, as it is consideredthe best method for high-quality zinc oxide.
Moreover, Ed Smith, the Senior VicePresident of Sales and Marketing, said in a statement, “The acquisition ofZochem demonstrates our commitment to being the leading zinc oxide supplier inNorth America. This move will benefit customers by ensuring a stablesource for any grade of the highest-quality zinc oxide. In addition, manycustomers will benefit from reduced shipping costs and transit times, asapproximately 80% of the North American zinc oxide market is within a 500-mileradius of our two plants.”
Regional Insights:
Stellar Demand for Rubber to AugmentGrowth in Asia Pacific
Asia Pacific is likely to witness highdemand in the forthcoming years. The growth in the region is attributed to thegrowing demand for zinc oxide in rubber applications. Moreover, the surge inthe automotive industry will also contribute positively to the growth of themarket owing to the use of rubber in the automotive industry for themanufacturing of tires, automotive ant vibration, transmission systems, moldedparts, spare parts, body sealing systems, and adhesives. The market in NorthAmerica generated a revenue of USD 0.55 billion in 2018 and is expected towitness steady growth in the forthcoming years due to the declining rubberproduction in the region.
The Report lists the Main Companies inthe Zinc Oxide Market
- Spirochem Lifesciences Private Limited
- Cosmo Zincox Industries
- UCA Lanka Pvt. Ltd
- Rubamin
- S. Zinc
- Hemadri Chemicals
- Zochem
- Lanxess
- EverZinc
- Zinc Oxide LLC
Browse Complete ReportSummary: https://www.fortunebusinessinsights.com/zinc-oxide-market-102480
