(EMAILWIRE.COM, June 20, 2022 ) The report “Zinc Oxide Market by Process (French Process, Wet Process, American Process), Grade (Standard, Treated, USP, FCC), Application (Rubber, Ceramics, Chemicals, Agriculture, Cosmetics & Personal Care, Pharmaceuticals), Region – Global Forecast to 2024”, is estimated to grow from USD 4.4 billion in 2019 and to USD 5.7 billion by 2024, at a CAGR of 5.4% during the forecast period. The demand from the rubber industry for using in the vulcanization process, which is used by the tire manufacturers, is driving the market.
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The indirect (French) process segment is projected to lead the Zinc Oxide Market during the forecast period. Relative simplicity in the process and the high purity levels of ZnO with low levels of heavy metal content are the driving factors for the wide adoption of the French method.
The rubber application accounted for the majority of the zinc oxide market share. Zinc oxide is consumed mainly in the manufacturing of tires, and the large-scale demand from this application is driving the demand for zinc oxide globally. Zinc oxide in tire manufacturing is used for the vulcanization process along with stearic acid
The growing demand for ZnO nanoparticles is projected to provide opportunities in the ZnO market. These particles are finer and have a larger surface enabling better dispersion. This enhances the performance in the application areas.
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Browse in-depth TOC on “Zinc Oxide Market
104 – Market Data Tables
28 – Figures
117 – Pages
Based on the region, the zinc oxide market has been segmented into APAC, Europe, the Middle East & Africa, North America, and South America. APAC accounted for the largest share of the market in 2018. The region has emerged as the largest consumer of ZnO owing to the large-scale demand for manufacturing of rubber and tires in countries such as China, Thailand, and India. Europe accounted for the second-largest share in the overall ZnO market in 2018. The market is projected to grow at the fastest rate in Middle East & Africa.
The key players in the zinc oxide market are US Zinc (US), Zochem (US), EverZinc (Belgium), ZM Silesia (Poland), Akrochem (South Africa), Rubamin (India), Pan-Continental Chemical (Taiwan), J.G. Chemicals (India), Upper India (India), and Suraj Udyog (India)
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