Apr 7, 2022   SOURCE: BusinessWire

Global Zinc Oxide Market (2022 to 2030) - Size, Share & Trends Analysis Report - ResearchAndMarkets.com

The "Zinc Oxide Market Size, Share & Trends Analysis Report, 2022-2030" report has been added to ResearchAndMarkets.com's offering.

The global zinc oxide market size is estimated to reach USD 8.1 billion by 2030, registering a CAGR of 6.9% during the forecast period.

Companies Mentioned

  • US Zinc
  • Zinc Oxide LLC
  • EverZinc
  • Rubamin
  • Grupo Promax
  • Weifang Longda Zinc Industry Co., Ltd.
  • Yongchang zinc industry Co. Ltd

Growth can be attributed to the rising product demand for vulcanization of rubber in the tire industry. In addition, the growing consumption of premium skincare products in emerging economies due to increasing disposable income is expected to drive market growth. The raw materials used to manufacture the product using direct processes include sulfuric acid and zinc chloride. The availability of raw material impacts zinc oxide (ZnO) prices and production.

Inconsistency in the prices of raw materials and regulations against the usage of the product in several end-use industries are likely to hamper the demand in the coming years. Asia Pacific is projected to be the largest and fastest-growing regional market over the forecast period.

Factors, such as the growing automotive industry and increasing consumer spending on personal care products, are likely to fuel the market growth in the coming years. Key players in the market are inclined towards mergers & acquisitions and joint ventures. For instance, In September 2017, Zinc Oxide LLC acquired Zochem Inc., a subsidiary of American Zinc Recycling Corp. LLC. This deal has increased the revenue and production capacity of the company.

Zinc Oxide Market Report Highlights

  • In 2021, indirect process emerged as the dominant process segment owing to the high productivity of the method
  • Wet chemical is projected to grow at the fastest CAGR, in terms of revenue, from 2022 to 2030 due to the good dispersion offered by the ZnO produced using a wet chemical process
  • Rubber was the dominant application segment in 2021 owing to the high demand for zinc oxide from the tire manufacturing industries
  • Asia Pacific led the market in 2021 due to the growth of various end-use industries in the region
  • North America is predicted to grow at a significant CAGR, in terms of revenue, from 2022 to 2030 owing to the presence of a large number of multinational companies in the region

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Zinc Oxide Market Variables, Trends & Scope

3.1 Market Lineage Outlook

3.2. Global Zinc Oxide Market Outlook

3.3 Penetration & Growth Prospect Mapping, 2018-2030

3.4 Industry Value Chain Analysis

3.4.1 Raw Material Trends

3.4.2 Manufacturing/Technology Trends

3.4.3 Sales Channel Analysis

3.5 Regulatory & Policy Landscape

3.5.1 Standards & Compliances

3.6 Price Trend Analysis, 2018-2030

3.7 Market Dynamics

3.7.1 Market Driver Impact Analysis

3.7.2 Market Restraint Impact Analysis

3.7.3 Industry Challenges

3.8 Industry Analysis Tools

Chapter 4 Zinc Oxide Market: Process Estimates & Trend Analysis

Chapter 5 Zinc Oxide Market: Application Estimates & Trend Analysis

Chapter 6 Zinc Oxide Market: Regional Estimates & Trend Analysis

Chapter 7 Zinc Oxide Market: Competitive Landscape

7.1 Recent Developments & Impact Analysis, By Key Market Participants

7.2 Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)

7.3 Vendor Landscape

7.3.1 List of Raw Material Suppliers

7.3.2 List of Manufacturers

7.3.3 List of Key Distributors and Channel Partners

7.3.4 List of Potential End-Users

7.4 Key Company Market Positioning Analysis, 2021

7.5 Major Deals & Strategic Alliances Analysis

Chapter 8 Zinc Oxide Market: Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/b1gjw8