Zinc Oxide Market Trends - What will be the Short-term Impact of COVID-19? | homify
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Zinc Oxide Market Trends—What will be the Short-term Impact of COVID-19?

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According to the report, published by Fortune

Business Insights 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 in 2018.



The global zinc oxide market size is predicted to reach USD

6.36 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period. The

increasing application of zinc oxide in the cosmetic and pharmaceutical

industry will contribute positively to the zinc oxide market growth during the

forecast period. The zinc oxide is a vital ingredient in the manufacturing of foot

powders, makeup, bath soaps, and baby lotions. Thus, the rising demand for

cosmetics products such as sunscreens, antiseptic ointments will accelerate the

zinc oxide market revenue.



Moreover, the rising demand for calamine creams

owing to its properties to prevent sunburn, premature aging of the skin, along

with the protection of skin from UV lights, will also aid the development of

the market in the forthcoming years. Nonetheless, the rising emphasis on

skincare and skin protection will have a positive impact on the zinc oxide

market revenue.



The report is aimed at delivering a comprehensive

description of the zinc oxide market dynamics and structure by identifying and

providing information regarding the key market segments. It also focuses on an all-encompassing

analysis of leading market players by financial position, product, product

portfolio, price, growth strategies, and regional presence. It offers PORTER’s

analysis and SWOT analysis to record the question of shareholders and

highlights the investment potential in the upcoming future. It also showcases

what procedures and strategies; companies are currently implementing in the

market. It further examines the ways and components convincing market

expansion, growth patterns, restricting factors, and market strategies.



Competitive Landscape:




Agreement Between Zinc Oxide LLC and Zochem to Spur

Business Opportunities




Zinc Oxide LLC, a supplier and manufacturer of

inorganic compounds announced that it acquired a subsidiary of American Zinc

Recycling LLC, Zochem. The agreement between the company will involve a

transaction of all Zochem’s manufacturing operations and product lines.

Zochem’s extensive domestic and global distribution network will remain the

same. The acquisition of Zinc Oxide LLC will aid the expansion of the zinc

oxide market during the forecast period owing to the manufacturing and

production of zinc oxide with the French Process method, as it is considered

the best method for high-quality zinc oxide.



Moreover, Ed Smith, the Senior Vice President of

Sales and Marketing, said in a statement, “The acquisition of Zochem

demonstrates our commitment to being the leading zinc oxide supplier in North

America.  This move will benefit customers by ensuring a stable source for

any grade of the highest-quality zinc oxide.  In addition, many customers

will benefit from reduced shipping costs and transit times, as approximately

80% of the North American zinc oxide market is within a 500-mile radius of our

two plants.”



Regional Insights:




Stellar Demand for Rubber to Augment Growth in Asia

Pacific




Asia Pacific is likely to witness high demand in

the forthcoming years. The growth in the region is attributed to the growing

demand for zinc oxide in rubber applications. Moreover, the surge in the

automotive industry will also contribute positively to the growth of the market

owing to the use of rubber in the automotive industry for the manufacturing of

tires, automotive ant vibration, transmission systems, molded parts, spare

parts, body sealing systems, and adhesives. The market in North America generated

a revenue of USD 0.55 billion in 2018 and is expected to witness steady growth

in the forthcoming years due to the declining rubber production in the region.



Browse

Detail Market Insights with Table of Content, Tables, and Figure:



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