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Zinc Oxide Market Size to witness robust growth during forecast period

Author : Ronak Bora | Published Date : 2019-05-31 

Global Market Insights, Inc. has launched a report on Zinc Oxide Market Size that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

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. Rising demand for cosmetics and personal care products will add to the growth of zinc oxide (ZnO) market in forecast time frame. The product is used as a bulking agent and protects the skin against harmful UV rays. Further government approval regarding the application of product in beauty segment will also be a major driving force for zinc oxide market growth.

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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.

North America, led by the U.S. is expected to account for substantial growth in the market during the forecast period. Government approval for the chemical in sun care applications is supporting the product growth across the region. Surge in demand for product is projected to increase with the rising automotive sales. Usage in rubber will account for largest industry share, followed by chemicals and agricultural applications will drive the zinc oxide market growth.

European region is anticipated to witness a significant growth in zinc oxide market owing to rising demand for cosmetics and personal care products. Government consent on the usage of ZnO in beauty segment is projected to further propel zinc oxide market growth. For instance, after European Commission Standing Committee permitted the product as an UV filter in beauty applications thus, many manufacturing companies started using ZnO in their sunscreen cosmetic products.

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Asia Pacific is expected to gain significant growth in the zinc oxide market owing to rising application in cosmetics, especially the skin care products are anticipated to propel the market positively across the region. By 2019, more than 80.0% of global skin care products income will come from Asia Pacific, with China to account for more a major revenue share. China is a leading producer of zinc oxide pigment. Dye application is persistently increasing in Asia Pacific’s electronics industry due to antioxidant properties.

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.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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