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Zinc Oxide Market is Expected to Grow at a Healthy CAGR of 6.4% and Reach a Valuation of US$ 7.3 Billion by 2032

The global zinc oxide market is expected to reach US$7.3 billion in 2032 with revenue growth of 6.4 % CAGR over the 2022 and 2032 assessment period. Increasing demand for zinc oxide in rubber industry due to growth in the automotive sector remains a key factor.

Zinc oxide is used extensively in the rubber industry. Used as a rubber vulcanization activator to convert the material into a more durable material by adding strength, improving its resistance to heat and abrasion and also aiding in UV degradation. Rubber products have a wide range of applications in various industries, such as: B. engineering, construction, packaging and manufacturing.

Increasing demand for rubber in the automotive industry for the manufacture of a variety of products, such as tires, hoses, gaskets coil coatings, waste hoses and adhesives are expected to increase demand for zinc oxide in the rubber industry.

According to a study, zinc oxide is also used where it is used in coatings to protect car parts from corrosion. Zinc oxide nanoparticles are used in the formulation of automotive electrical coatings, they absorb ultraviolet light and prevent corrosion of an inner layer.

According to an FMI analyst, “growing production and consumption of industrial grade zinc oxide across paints & coatings and the chemical sector is likely to boost market growth throughout the projection period.”

Zinc Oxide Market Segmentation

By Grade:

  • Industrial
  • Pharma
  • Food

By Application:

  • Wet Chemical
  • Indirect
  • Direct

By Application:

  • Rubber
  • Ceramics
  • Chemicals
  • Cosmetics and personal care
  • Paints & Coatings
  • Pharmaceutical
  • Agricultural
  • Others

Competitive Landscape

U.S. Zinc, Rubamin, Zinc Oxide LLC, Grupo Promax, Weifang Longda Zinc Industry Co. Ltd., Yongchang Zinc Industry Co. Ltd., Pan Continental Chemical, J.G. Chemicals, Akrochem, ZM Silesia and many others are some of the Zinc Oxide manufacturers featured in the full version of the report.

Key players are focused on expanding their production capacity to increase their presence in the market. In addition, some major manufacturers are investing in mergers, acquisitions and collaborations to expand their product portfolios.

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