Increasing demand for cosmetics and personal care goods in the projected time frame would lead to the growth of the market for zinc oxide (ZnO). The substance is used as a bulking agent which prevents the skin from damaging UV rays. A significant driving factor for the growth of the zinc oxide industry would also be additional regulatory clearance regarding the use of the commodity in the beauty sector.
Adroit Market Research study on the global market for zinc oxide offers a holistic view of the industry from 2020 to 2028 as forecast period, including factors such as market drivers, limitations, opportunities, threats and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives and overall sales. Prominent players in the global composite resin market have been analyzed in depth.
Rising demand for the product in cosmetics industry as an important nutrient for skin care, colour cosmetics, hair care, toiletries, talcum and face powder are expected to be major factors propelling zinc oxide market growth. Upsurging the use of the substance in sun care lotions as a filter against ultraviolet rays is expected to fuel product growth over the coming years.
Growing demand for ZnO would further expand the size of the competition in the chemical and manufacturing industries. In the forecast timeframe, industrial application of the commodity, mainly rubber vulcanization, would dramatically increase. One of the main consumers of the commodity is the tyre industry. Other main uses include the manufacture of steel, photovoltaic, mechanical, opto-electronic and glass cutting equipment.
Growing demand for applications where the substance is commonly used to boost energy efficiency and protect the atmosphere for lubrication and desulfurization would aid in product penetration. Application in baby items can be further supplemented by the chemical properties to seal out wetness and help protect chafed skin. It is expected to fuel the demand with an expanded use of the product in paints and coatings.
- key players of global zinc oxide market report include- US Zinc (US), Zochem (US), EverZinc (Belgium), ZM Silesia (Poland), Akrochem (South Africa), Rubamin (India), Pan-Continental Chemical (Taiwan), J.G. Chemicals (India), Upper India (India), and Suraj Udyog (India).
Key Segments of the Global Zinc Oxide Market
Application Overview, 2018-2028 (USD Million)
- Cosmetics and Personal Care
Process Agents Method, 2018-2028 (USD Million)
- Indirect (French) Process
- Direct (American) Process
- Wet Chemical Process
Grade 2018-2028 (USD Million)
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America