MRO Magazine

Research and Markets: Zinc Oxide Market by Application & by Region – Global Trends and Forecasts to 2020 for the $4 Billion Industry


September 14, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/czwhdj/zinc_oxide_market) has announced the addition of the “Zinc Oxide Market by Application & by Region – Global Trends and Forecasts to 2020” report to their offering.

The market size of zinc oxide in terms of value is projected to reach USD 4,184.5 Million by 2020, and the global market size for zinc oxide is projected to register a CAGR of 6.0% between 2015 to 2020.

Rubber, ceramics, chemicals, pharmaceuticals, cosmetic & personal care, agricultural, and others are the key applications of zinc oxide. Among these rubber is expected to remain the dominant application of zinc oxide with its steady growth. The zinc oxide market is expected to grow at a healthy growth rate in next five years driven by the growing sales of tire and other rubber products from automotive industry. Zinc oxide is being used in various applications in the last few years and the demand is expected to increase in emerging applications, such as electronics and semiconductors.

Globally, Asia-Pacific accounted for the largest share of the zinc oxide market in 2014, followed by North America and Europe. China was the single largest market globally which accounted for more than 30% of the global demand in 2014. The U.S. and other Asia-Pacific countries, such as India and Japan have also accounted for a significant share of zinc oxide market.

Partnership & collaboration and capacity expansion are the key strategies on which market players are concentrating on. Companies operating in the zinc oxide market are also focusing on new product development and agreement to tap the opportunities in applications, such as electronics, solar energy, surface coatings, and pharmaceuticals.

Key players of zinc oxide in North America include U.S. Zinc (U.S.), Horsehead Corporation (U.S.), American Chemet Corporation (U.S.), GH Chemicals Limited (Canada), and Zinc Nacional (Mexico).

In Europe, Umicore (Belgium), Grillo Zinc Oxide Ltd. (Germany), Bruggemann Chemical (Germany), Mario Pilato Blat S.A. (Spain), Hepsen Kimya San. Tic. Ltd. (Turkey) and A-Esse S.P.A. (Italy) are renowned players.

Weifang Longda Zinc Industry Co., Ltd. (China), Yongchang Zinc Industry Co., Ltd. (China), Seyang Zinc Technology (Huaian) Co., Ltd. (China), Shijiazhuang Betop Magnesium Zinc Technology Co. Ltd. (China), and Hakusui Chemical Co. Ltd. (Japan) are the key participants in the zinc oxide market in Asia-Pacific.

For more information visit http://www.researchandmarkets.com/research/czwhdj/zinc_oxide_market

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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