Worldwide Zinc Oxide Market forecasts on regional growth, industry players
Zinc Oxide Market size to witness a substantial growth, with increasing demand in various industries including rubber, paint/coatings industry, ceramics/glass, cosmetics and pharmaceutical.
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Rising demand for the product in cosmetics industry as an essential nutrient for skin care, color cosmetics, hair care, toiletries, talcum and face powder are expected to be major factors propelling zinc oxide market growth. Upsurging use of the product as a filter against ultraviolet rays in sun protection lotions is expected to drive product development over the forecast period. In addition, increase in demand for application where product is widely used for lubrification and desulfurization to improve energy efficiency and protect the environment will help in product penetration. The chemical properties to seal out wetness and help in protecting chafed skin will further supplement application in baby products.
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Increasing demand of ZnO in chemical and manufacturing industry will further boost the market size. Industrial application of the product majorly vulcanization of rubber will surge significantly in forecast period. Tire industry is one the major consumer of the product. Other major application including manufacturing of concrete, photovoltaic, electronic, optoelectronic devices and glass cutting. Rising application of product in paints and coatings is projected to drive the zinc oxide market growth.
The differentiating factor of Zinc Oxide Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook. Business focussed multiple trends for Zinc Oxide Market are discussed along with regional trends to offer an overall view of the market.
The ‘industry insights’ chapter of this research provides the most comprehensive analysis of Zinc Oxide Market covering segmentation, size, forecasts, ecosystem analysis and more. Industry impact forces (regional and global) that cover growth drivers and challenges, growth potential analysis, a strategy dashboard for competitive landscape of Zinc Oxide Market support this sector specific data and information points.
Browse key industry insights from the report, "Zinc Oxide Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024"
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Zinc oxide market is highly competitive owing to presence of a considerable number of manufacturers worldwide. The key players are Zochem, Chemet, Silox, GH Chemicals, Rubamin, Grillo, Pan-Continental Chemical, Mario Pilato and Brueggemann. Other prominent players are Hakusui, Seyang, Umicore, Hebei Yongchang, Longli Chemical, and Shanghai Jinghua Chemical.
The industry participants are continuously focusing on expansion of their product portfolio across the globe. For instance, Zochem a North American manufacturer plans to expand its presence wide reaching for competitive advantage. The company will be further investing heavily to increase its manufacturing capabilities to deliver product to customers worldwide. Zochem also planned to open a distribution center in Europe as a part of project expansion.
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