Zinc Oxide Market

Zinc Oxide Market Size, Share, Growth Analysis, By Process(Indirect, Direct, Wet Chemical, Others), By Application(Rubber, Ceramics, Chemicals, Cosmetics and Personal Care), By Region(North America, Europe, Asia Pacific, Latin America) - Industry Forecast 2024-2031


Report ID: UCMIG15A2210 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Zinc Oxide Market Insights

Market Overview:

The global zinc oxide market is estimated to develop at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2030, with a value of USD 5,222.8 million in 2022. This is due to its extensive use in latex during the vulcanization process, which is the primary component in tyres for the automotive sector. The expansion of the automotive sector is directly related to the growth of the tyre industry, as tyres consume around 75% of the rubber generated globally. Rubber is commonly used to make tyres, wiper blades, & engine mounts.

Zinc Oxide Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Commodity Chemicals by segment aggregation, the contribution of the Commodity Chemicals in Diversified Materials and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Zinc Oxide was estimated to be valued at US$ XX Mn in 2021.

The Zinc Oxide Market is estimated to grow at a CAGR of XX% by 2028.

The Zinc Oxide Market is segmented on the basis of Process, Application, Region.

Based on region, the Zinc Oxide Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Zinc Oxide Market are U.S. Zinc, Zinc Oxide LLC, EverZinc, Rubamin, Grupo Promax, Weifang Longda Zinc Industry Co., Ltd., Yongchang zinc industry Co., Ltd..

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Zinc Oxide Market

Report ID: UCMIG15A2210

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