"We Envision Growth Strategies Most Suited
to Your Business"
The global zinc oxide market size is predicted to reach USD 6.36 billion by 2026. The increasing research & development of ZnO nanoparticles and growing adoption of ZnO in various industries will enable speedy growth of the zinc oxide market during the forecast period, mentioned in a report, titled “Zinc Oxide (ZnO) 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), and Regional Forecast, 2019-2026” the market size stood at USD 4.10 billion and is predicted to exhibit a CAGR of 5.7% between 2019 to 2026.
Unveiling of Next Generation Zinc Oxide Technology by Vizor to Accelerate Business
Vizor LLC, an innovative technical support and sunscreen solution services company, announced the launch of two new next-generation inorganic sunscreen ingredients based on patent-pending surface modification technology that can deliver substantially higher SPF values with less material and better performance than conventional ZnO ingredients. The introduction of the Super Zinc® Natural and Super Zinc® will spur demand in the cosmetic industry owing to its superior wetting and lower formulation and technology to improve SPF value per unit, which in turn will boost the zinc oxide market share in the forthcoming years.
Moreover, the new ingredients are ecologically safe and have been demonstrated not to harm aquatic life by an EPA-certified testing laboratory besides meeting upcoming FDA Sunscreen Monograph requirements and EU Monograph requirements for UVA/UVB protection. Also, the growing acquisitions and partnerships among key players will contribute to the zinc oxide market trends in the forthcoming years. For instance, Zinc One Resources Inc. acquired Forrester Metals Inc., a mining company in Peru. The acquisition will help the company to get the ownership of the Bongará Mine and Charlotte-Bongará Projects which carries out high-grade, nonsulfide zinc mineralization activities at or near the surface.
To Get the detailed report summary and research scope of this market, click here:
Rising Demand for Rubber to Back Market Growth
Zinc oxide plays an imperative role in the production of rubber and increases the rate of rubber vulcanization. Thus, the growing demand for rubber will subsequently aid the zinc oxide market growth in the foreseeable future. Every year, over 65% of rubber is utilized for the production of tires and automobile interiors such as ventilation flaps, radiator seals, and airbags. Zinc oxide also provides effective gelation to foam, high heat resistance, and UV rays’ absorption properties. These properties have spurred the demand for ZnO powder in the rubber industry. Moreover, the rising demand for rubber in the automotive industry for the manufacturing of tires and other rubber products will stimulate the market.
Strategic Planning of EverZinc to Persist at Market Forefront
The key players operating in the market are focused on enhancing product portfolio and product offerings. Increasing collaboration and partnership among key companies is likely to create growth opportunities for the market in the foreseeable future. For instance, in 2019, EverZinc acquired two ZnO producers, named, G.H. Chemicals and MicroZinc. The company changed the names of the acquired companies to EverZinc Canada and EverZinc Refining, respectively.
The Report Lists the Key Companies in the Zinc Oxide Market
Further Report Findings:
The Zinc Oxide Market is Segmented into:
Volume (KT), Value (USD million)