The Global Zinc Oxide Market Is Expected To Expand At A Rapid Pace In The Near Future, Owing To Rising Demand From The Pharmaceutical, Cosmetics, And Personal Care Industries

 

Zinc Oxide

Zinc Oxide possesses both physical and chemical properties. It is produced through three processes: direct, indirect, and wet chemical. Rubber, ceramics, fertilisers, chemicals, pharmaceuticals, paint and coatings, electronics, personal care, and many other industries rely heavily on zinc oxide. Zinc oxide is used to vulcanize rubber in the production of tyres, hockey pucks, and shoe soles. Rubber is an important component of automobiles and transportation vehicles; nearly 75 percent of all rubber produced is used in tyre production. For tyre production, they primarily use styrene-butadiene rubber. Zinc oxide is an essential component in the production of foot powders, makeup, bath soaps, and baby lotions. As a result, rising demand for cosmetics such as sunscreens and antiseptic ointments will drive up revenue in the zinc oxide industry.

 

Increasing investments in R&D initiatives, rising penetration of zinc oxide in various end-user industries such as rubber, ceramics, personal care, and others, combined with significant physiochemical attributes such as UV protection that protects from sunburn when used in sunscreen creams and lotions, and antibacterial properties that aid in any cuts or skin diseases, are the major factors driving global demand for zinc oxide. On the other hand, high concentrations of zinc oxide cause toxicity concerns, which are expected to limit the global zinc oxide market's growth. Furthermore, rising demand for calamine creams due to their properties to prevent sunburn, premature ageing of the skin, and UV light protection will aid market development in the coming years. Nonetheless, the growing emphasis on skincare and skin protection will boost zinc oxide market revenue.

 

The global Zinc Oxide Market is expected to expand at a rapid pace in the near future, owing to rising demand from the pharmaceutical, cosmetics, and personal care industries, which is a major factor driving the market's expansion. Because of its applications, the zinc oxide market is expected to take a significant share of these industries. In 2018, the zinc oxide market was worth USD 4.10 billion. The report's goal is to provide a detailed description of the market dynamics and structure by identifying and providing information about the key market segments. It also provides a comprehensive analysis of the leading market players in terms of financial position, product, product portfolio, price, growth strategies, and regional presence. It provides PORTER's analysis and SWOT analysis to record shareholder questions and highlights investment potential in the near future.

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