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Zinc Oxide Market Size to Reach USD 6.36 Billion by 2026; Launch of Next Generation Zinc Oxide Technology by Vizor to Support Growth

March 18, 2020 | Chemicals & Materials

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:


https://www.fortunebusinessinsights.com/zinc-oxide-market-102480


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



  • Spirochem Lifesciences Private Limited

  • Cosmo Zincox Industries

  • UCA Lanka Pvt. Ltd

  • Rubamin

  • U.S. Zinc

  • Hemadri Chemicals

  • Zochem

  • Lanxess

  • EverZinc


Further Report Findings:



  • Regional Analysis: The market in North America stood at USD 0.55 billion in 2018 and is likely to remain dominant during the forecast period owing to the increasing demand for ZnO in the pharmaceutical and cosmetic industry. Europe is predicted to witness high demand during the forecast period. The growth is attributed to the rising demand for ZnO in the ceramic and rubber applications.

  • Leading Segments: The rubber application is predicted to hold the lion’s share during the forecast period owing to the demand for zinc oxide. The rising awareness regarding the as optical, physical, and chemical properties of ZnO will further boost the segment’s growth.


The Zinc Oxide Market is Segmented into:














































 ATTRIBUTE



 DETAILS



Study Period



 2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2015-2017



Unit



  Volume (KT), Value (USD million)



By Process




  • French / Indirect Process

  • American / Direct Process

  • Wet Process

  • Others



By Grade




  • Standard

  • Chemical

  • Pharma

  • Food

  • Others



By Application




  • Rubber

  • Ceramic

  • Chemical

  • Agriculture

  • Paints & Coatings

  • Cosmetics & Pharmaceuticals

  • Others



By Region




  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, UK, France, Italy, Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Argentina, and Rest of Latin America)

  • Middle East & Africa (Saudi Arabia, UAE, and Rest of Middle East & Africa)


Zinc Oxide Market
  • PDF
  • 2018
  • 2015-2017
  • 130

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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