Zinc Oxide Market Size, Growth to 2026 | DataIntelo

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2. Zinc Oxide Market Size, Growth to 2026 | DataIntelo • Global Zinc Oxide (ZnO) Market is valued to reach USD 5.2 Billion by 2024, growing at CAGR of 5.2% over the forecast period 2020-2026. Growing application of zinc oxide in cosmetic and pharmaceutical industry, growing production and sales of automobiles and rising emphasis on skincare and skin protection are factors driving the market. • Market Trends, Drivers, Restraints, and Opportunities: • Zinc oxide is extensively used in the electronics industry due to its excellent physical properties. Expansion of the industry is projected to fuel the growth of the market. • If consumed, swallowed, or inhaled, this chemical compound can be hazardous to health. Zinc oxide, which is prescribed for medicinal usage can be taken in the form of cream or ointment. • Implementation of rigid regulations related to the utilization of zinc and slow economic growth are major hampering the growth of the market. • Medical grade zinc oxide has a positive effect on the digestive and immune systems. Hence, it has broad employed in the healthcare industry. It is used to treat skin conditions such as acne, dermatitis, diaper rash, and eczema. This, in turn, is projected to fuel the growth of the market.

3. Scope of the Report: The report on the zinc oxide market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have been included in the report. Request for Free Sample: https://dataintelo.com/request-sample/?reportId=104716

4. Zinc Oxide Market Segment Insights: High use of the wet chemical process for the production of zinc oxide drives segment growth On the basis of types, the zinc oxide market has been segmented into direct process, indirect process, and wet chemical process. The wet chemical process is anticipated to expand at a substantial pace during the forecast period. Zinc oxide powder particles obtained by this process are minute in size, slow settling rate, and possess good dispersion and hence,  more effective activation is offered by the product. Wet chemical processed zinc oxide is described as a 'Active ZnO’ which provides better quality products than the ones created by the other processes. Rubber & tires sector is expected to dominate zinc oxide market over the forecast period In terms of applications, the market has been segregated into rubber & tires, ceramic & glass, chemical & pharmaceutical, agriculture, and others. Zinc oxide is widely utilized for the vulcanization of rubber to increase its strength. The tire industry extensively utilizes vulcanized rubber. Rising demand for automotive tires due to the increase in sales of automobiles across the globe is expected to fuel the growth of the market. Asia Pacific is expected to dominate the global market due to rapid urbanization Based on regions, the global zinc oxide market has been classified as North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to grow at a considerable pace during the forecast period due to increasing population, rising globalization, and growing urbanization.

5. Competitive Landscape: Key players operating in zinc oxide market include US Zinc, EverZinc, Zochem LLC, Silox, Zinc Oxide LLC, Longli zinc industry Co.,Ltd, Pan-Continental Chemical Co., Ltd., GH Chemicals. These players engaged in product launches, mergers & acquisitions, agreements, and partnerships to strengthen their geographical presence. Segments Covered in the Report: The global zinc oxide market has been segmented on the basis of types, applications, and regions. By Types Direct Process Indirect Process Wet Chemical Process By Applications Rubber & Tires Ceramic & Glass Chemical & Pharmaceutical Agriculture Others

6. By Regions • North America • Asia Pacific • Europe • Latin America • Middle East & Africa • Discover More @ https://dataintelo.com/

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