According to a report recently released by Fortune Business Insights, by 2026, the global zinc oxide industry is expected to reach 6.36 billion U.S. dollars, with a compound annual growth rate of 5.7% during the forecast period. During the forecast period, more and more applications of zinc oxide in the cosmetics and pharmaceutical industries will make a positive contribution to the growth of the zinc oxide market. Zinc oxide is an important ingredient in the manufacture of foot powder, cosmetics, bath soap and baby lotion. Therefore, the increasing demand for sunscreen, disinfectant ointment and other cosmetics will accelerate the revenue of the zinc oxide market. In addition, calamine cream has the characteristics of preventing sunburn, premature aging of the skin and protecting the skin from ultraviolet rays, so the demand for calamine cream is increasing, which will also help the development of the market in the next few years. Nevertheless, the increasing emphasis on skin care and skin protection will have a positive impact on zinc oxide market revenue.
The market size in 2018 was USD 4.1 billion. The report aims to comprehensively describe the dynamics and structure of the zinc oxide market by identifying and providing information about key market segments. It also focuses on a comprehensive analysis of leading market participants by financial conditions, products, product mix, prices, growth strategies and regional influence. Provide PORTER analysis and SWOT analysis to record shareholder issues and highlight future investment potential. It also shows what procedures and strategies; the company is currently implementing it on the market. It further studies the methods and components of convincing market expansion, growth models, limiting factors, and market strategies.
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/zinc-oxide-market-102480
Agreement between Zinc Oxide LLC and Zochem to stimulate business opportunities
Zinc Oxide LLC, a supplier and manufacturer of inorganic compounds, announced the acquisition of Zochem, a subsidiary of American Zinc Recycling LLC. The agreement between the companies will involve transactions in all of Zochem's manufacturing operations and product lines. Zochem's extensive domestic and global distribution network will remain unchanged. Due to the French method of manufacturing and production of zinc oxide, the acquisition of Zinc Oxide LLC will help expand the zinc oxide market during the forecast period, as it is considered the best method for high-quality zinc oxide.
In addition, Ed Smith, Senior Vice President of Sales and Marketing, said in a statement: "The acquisition of Zochem demonstrates our commitment to becoming the leading zinc oxide supplier in North America. This move will ensure a stable source of the highest quality zinc oxide of any grade. Benefit to customers. In addition, many customers will benefit from reduced transportation costs and transportation time, because approximately 80% of the North American zinc oxide market is located within a 500-mile radius of our two factories."
Evaluation of the main participants in this study:
Consultation before purchasing this report:
https://www.fortunebusinessinsights.com/enquiry/queries/zinc-oxide-market-102480
Strong demand for rubber in the Asia-Pacific region will boost growth
In the next few years, demand in the Asia-Pacific region may be high. The growth in this region is attributed to the growing demand for zinc oxide in rubber applications. In addition, as rubber is used in the automotive industry to make tires, automotive ant vibrations, transmission systems, molded parts, spare parts, body sealing systems, the surge in the automotive industry will also make a positive contribution to the growth of the market, and adhesives. The North American market created $550 million in revenue in 2018. Due to the decline in rubber production in the region, steady growth is expected in the next few years.
The report lists the major companies in the zinc oxide market
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