Zinc Oxide Market

Zinc Oxide Market Size (2023-2028):

The zinc oxide market size is anticipated to grow from $ 5.12 billion in 2022 to $ 7.6 billion by 2028, at a compound annual growth rate (CAGR) of 5.5%, over the forecast period.

The wet chemical process is expected to be the fastest-growing process for ZnO between 2021 and 2026 at the fastest rate during the forecast period. The ZnO grades produced by this process have a very fine size, good dispersion, and a slow settling rate. Due to the more efficient activation offered by the product, it is called "active ZnO", which has a higher quality than those produced by the French process. Zinc oxide had unique physical and chemical properties. It is mainly used in rubber, chemicals, ceramics, fertilizers, pharmaceuticals, paints, personal coatings; the care of electronics, and others.

Zinc oxide is an insoluble inorganic white compound widely used in the manufacturing processes of cosmetics, paints, cosmetics, glass, printing ink, etc. It also plays an important role in blocking harmful rays. The global zinc oxide market is expected to grow at a substantial rate in the near future owing to the increasing demand from the pharmaceutical, cosmetic, and personal care industries which is the main growth driver of this market. The zinc oxide market is also expected to occupy a significant share in these industries due to its applications.

The Zinc Oxide (ZnO) market is driven by a wide variety of industrial applications. The most significant boost comes from companies and researchers using its properties for biomedicine. The relentless trend in biomedical applications is due to the fact that zinc oxide nanoparticles have remarkable biocompatibility, non-toxicity, UV absorption properties, and antibacterial properties. In addition, nanoparticles are available in a wide variety of shapes and sizes. ZnO is considered by many regulators to be generally recognized as safe (GRAS). Continued efforts to harness the potential of ZnO for the delivery of anticancer drugs and genes are opening up great potential in the zinc oxide market. In addition, new biomedical applications such as cell imaging and biosensors are expanding the scope of revenue generation in the zinc oxide market.

Zinc Oxide Market Drivers:

The zinc oxide market has grown in recent years due to the increasing morbidity of bacterial infections in the public health system. In several countries, outbreaks of pathogenic strains have reinforced the need for antibacterial ingredients, where zinc oxide appears as a promising avenue. It has something to do with their greater activity against Gram-positive bacteria than most nanoparticles. The growing effect of these bacteria on food safety, especially in the fast food segment, has prompted product research in the zinc oxide market. Zinc oxide nanoparticles penetrate the cell membrane of microorganisms and inhibit their growth in the packaged food line. They are particularly effective against E. coli, S. aureus, and Pseudomonas aeruginous. This stimulates the investments of food companies. At the same time, the zinc oxide market also sees new opportunities related to the use of nanoparticles as multifunctional inorganic additives to improve the barrier characteristics of bioplastic packaging.

Zinc Oxide Market Limitations:

Factors such as high concentrations of zinc oxide cause toxicity concerns, along with strict government regulations regarding the use of zinc oxide, which are limiting the growth of the market.

Opportunities in the Zinc Oxide Market:

The global zinc oxide market is one of the most dynamic with its wide range of applications since its inception. The growth of R&D activities to use zinc oxide in various manufacturing industries, such as rubber, ceramics, and personal care, has hampered its growth, market share, and revenue, and others are contributing to the target market growth.

 Challenges in the Zinc Oxide Market:

However, slow economic growth and the latest standards for rubber adopted in China and many other regions are challenging the market growth to some extent.

ZINC OXIDE MARKET REPORT COVERAGE:

Zinc Oxide Market Segmentation as per the research report until 2028.

Zinc Oxide Market - By Application:

• Rubber

• Ceramic

• Chemical products

• Farming

• Cosmetics and personal care

• Pharmaceutical products

• Others

The rubber industry has dominated the market and is expected to dominate the market during the forecast period due to the extensive use of zinc oxide as the main vulcanizing agent in the rubber vulcanization process. The automotive and tire industries are expected to experience tremendous growth during the forecast period which in turn is expected to boost the zinc oxide market. The rubber industry is developing at a remarkable rate due to the high demand for tires from the transportation industry. Zinc oxide is used to vulcanize rubber to make tires, hockey pucks, and shoe soles. About 76% of the rubber produced is used in the production of tires, which is one of the important parts of automobiles and transport vehicles. The increasing production and sale of automobiles around the world is driving the demand for tires; this should fuel demand for vulcanization-market-7795 '> vulcanization of rubber. The most widely used rubber for the production of tires is styrene-butadiene rubber (SBR). In addition to SBR, silicone rubber is also used in a wide range of automotive interior applications such as airbags, ignition cables, HV cables, grommets, radiator seals, performance hoses, l 'vibration damping, shock pads, spark plugs, ventilation fins. This is attributed to the properties of silicone rubber, such as environmental resistance, sealing properties and temperature resistance.

Zinc Oxide Market - By Process:

• Indirect process (French)

• Direct process (US)

• Wet chemical process

• Others

• Based on grade

• The rule

• Treaty

• USP

• FCC

• Others

The wet chemical process is expected to grow at the fastest rate during the forecast period. The ZnO content produced by this process is very fine in size, has good dispersion and a slow settling rate. Due to the more efficient activation offered by the product, it is called "active ZnO", which is of better quality than those produced by the French process.

Zinc Oxide Market - By Region:

• North America

• Europe

• Pacific Asia

• Latin America

• The Middle East and Africa

The Asia-Pacific region is emerging as the dominant market for zinc oxide. Factors such as increasing consumption of zinc oxide in rubber and ceramics industry will drive the market growth. The increasing application of rubber in car interiors, such as airbags, interior cables, radiator gaskets, performance hoses and vibration dampers, is expected to stimulate demand for carbon dioxide zinc. Some of the factors like high heat capacity, thermal conductivity, low thermal expansion and high melting temperature, which increase the consumption of zinc oxide in the ceramic industry. In addition, increased government investment in infrastructure expansion by countries like China, India and Vietnam is boosting the use of ceramic tiles in the construction industry, which is expected to contribute to the market demand for zinc oxide. Hence, all of these market trends are expected to drive the Zinc Oxide market demand in the region during the forecast period.

North America dominates the zinc oxide market and is expected to continue to dominate during the forecast period, followed by Europe and the Asia Pacific. Governments of countries in North America and the European Union have approved the use of zinc oxide in cosmetics and beauty products. In addition, its increased usage in the tire industry is expected to increase the Zinc Oxide market in Asia-Pacific, as Asia-Pacific is an important market with lucrative growth opportunities for the tire industry.

Impact of Covid-19 on the Zinc Oxide Market:

The coronavirus pandemic (COVID-19) has affected every outlook for life around the world. The Active Zinc Oxide Market analysis report comprises qualitative and quantitative details focusing exclusively on various parameters such as Zinc Oxide Market risk factors, difficulties, technical developments, and new opportunities available in the Zinc Oxide zinc.

Key Players in the Zinc Oxide Market:

1. Symrise

2. Ashland Specialty Chemical

3. BASF SE

4. Croda International plc

5. Kobo products

6. Merck KGaA

7. Sunjin Chemical Co. Ltd

8. Mineral and Pigment Solutions Inc

9. Evonik Industries AG,

10. TRI-K Industries Inc

11. TranspekSilox