The newly launched report by Stratview Research, titled ‘Zinc Oxide Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity has been bifurcated by Application Type (Agriculture, Ceramics, Rubber, Chemicals, Pharmaceuticals, Cosmetics Personal Care, and Others), ), by Process Type (Wet-Chemical Process, French Process, and American Process), by Grade Type (Standard, Treated, United States Pharmacopeia (USP), Food and Chemical Codex (FCC), and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
According to the report the zinc oxide market size was estimated at USD 4.87 billion in 2021 and is likely to grow at a CAGR of 6.84% during 2022-2028 to reach USD 7.75 billion in 2028.
What is zinc oxide?
ZnO stands for Zinc oxide. It is an insoluble and inorganic compound used as an additive in various products such as cosmetic creams, rubber, paints, ceramics, foods, lubricants, batteries, plastics, medical, and others. This also plays a pivotal role in obstructing harmful rays.
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Key Players
The following are the key players in the market-
- Zochem Inc.
- EverZinc Belgium SA
- ZM Silesia SA.
- Akrochem Corporation
- J. G. Chemicals Pvt. Ltd.
- Pan-Continental Chemical Co Ltd.
- Umicore SA
- Rubamin Limited
- Showa Denko KK
- Advanced Nano Technologies Ltd.
Market Dynamics
The growth of the Zinc Oxide market is primarily driven by-
- High production of smart devices in the electronic industry,
- A rise in demand for cosmetic products.
Further, the growing production and sales of automobiles, which are boosting the demand for tires, are expected to fuel the demand for rubber vulcanization – a process in which zinc oxide is used for vulcanizing rubber to manufacture tires.
Research Methodology
Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.
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