Zinc oxide (ZnO), also known as calamine or zinc white is an inorganic chemical compound composed of zinc and oxygen. It is widely used in various industries such as rubber, paint and coating, ceramic, glass, pharmaceutical, etc.
A major factor driving growth of the global zinc oxide market is increasing demand for zinc oxide from cosmetic industry. In addition, increasing adoption from various end-use industries such as rubber and tire is another factor fueling growth of the global market. A major factor hampering growth of the global market is stringent regulations for use of zinc oxide, owing to its hazardous nature.
The global market is segmented on the basis of application, and region. On the basis of application, the global market is segmented into rubber, chemical, cosmetic, pharmaceutical, and others. The others segment includes ceramics, electronics, and agricultural. The chemical segment accounts for significant share in the global market, whereas the cosmetic segment is expected to witness highest growth during the forecast period.
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On the basis of region, the global zinc oxide market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market accounts for significant share in terms of revenue in the global zinc oxide market. The market in Europe is expected to witness moderate growth in terms of revenue in the global market over the forecast period. The Asia Pacific market is expected to witness highest growth in terms of revenue in the global market over the forecast period.
Key players in the global market are Symrise, Hakusuitech Co, Ltd, Boliden Group, Merck KGaA, Kobo Products Inc., Mineral and Pigment Solutions Inc., TRI-K Industries Inc., Sunjin Chemical Co. Ltd., Evonik Industries AG, and Korea Zinc Co., Ltd.