Global Zinc Oxide Industry Report: by Application; Country Overview; Value Chain Analysis; Production Process; Trade Analysis; Cost Structure; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis, Porter’s Five Forces; Industry Best Practices: Sourcing Strategy, Procurement Model, Contract Structure, Negotiation Levers, Pricing Model; Key Supplier Analysis, 2022-2027

Zinc Oxide Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices

The global Zinc Oxide market reached a value of about USD 4.03 billion in 2021. The industry is projected to grow at a CAGR of around 4.5% in the forecast period of 2022-2027 to reach a value of about USD 5.25 billion by 2027.

The global Zinc Oxide industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The use of the product in various industries including pharmaceutical, cosmetics, chemicals, among others is primarily driving the market. In the industry report, the key demand indicator is the highest category spender by region—Asia Pacific.

Industry Definition and Segmentation

Zinc oxide is an inorganic substance and is found naturally as the mineral zincite; however, most zinc oxide is manufactured synthetically. It is a white powder that is water-insoluble. It's employed in various production operations, including cosmetics, food supplements, rubbers, plastics, ceramics, glass, cement, lubricants, paints, ointments, adhesives, etc. The Zinc Oxide industry report comprises segments by application (Rubber, Ceramics & Glass, Chemical, Agriculture) and region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).

The Asia Pacific Region is Driving the Growth of the Industry

China is the world's largest producer and user of ZnO, and it is also the world's top exporter of zinc oxide. Furthermore, the existence of a significant industrial base in the area, which accommodates a variety of industries such as glass, pharmaceuticals, and rubber production, is likely to play a vital role in boosting zinc oxide market expansion in the region. Furthermore, the increased usage of rubber in the automobile sector for the manufacture of tyres, anti-vibration systems, transmission systems, moulded components, replacement parts, body sealing systems, adhesives, etc., is propelling the market's growth.

The market is mainly being driven by the product's use in rubber manufacturing. In the vulcanisation of rubber, zinc oxide is employed as a vulcanising agent to enhance durability, which is utilised to make tires, etc., increasing the demand from the automotive industry.

However, the stringent regulatory policies for the use of zinc oxide due to its adverse health effects are likely to restrain the market's growth.

Best Procurement Practices

The global Zinc Oxide industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Zinc Oxide regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

ZnO is produced on a large scale in the industry in three ways: pyrometallurgical synthesis, hydrometallurgical synthesis, and as a by-product of other chemical processes. Pyrometallurgical synthesis can be accomplished using direct, indirect, or spray pyrolysis methods. In a container, zinc metal is evaporated and exposed to air for fast oxidation. Zinc is combusted and then cooled to yield ZnO powder. The quality of the raw material has a significant impact on the final product's quality. Only a high-purity feedstock can produce a high-purity (>99 percent) zinc oxide product. The indirect technique has ZnO particles primarily in the 30-2000 nm size range. Controlling the airflow and flame turbulence can change the particle's size. The direct method produces the second-largest amount of ZnO. As an initial stage in this process, zinc metal is created via reduction. The metal complex is evaporated and oxidised in the same way that the indirect procedure was done. Zinc salts are thermally decomposed to ZnO via spray pyrolysis. Uniform particles with a large surface area may be created using this method. Active zinc-oxide is a substance with a large surface area. A two-step technique is used to make active zinc oxide. The calcination of zinc wastes to hydrozincite is the first stage, and the breakdown of hydrozincite is the second. The production of sodium dithionite yields ZnO as a by-product. As a result of this procedure, zinc carbonate precipitates and ZnO is produced following filtering, drying, and calcination or alkali treatment. Small-scale manufacturing methods for ZnO are also available. These small-scale techniques include precipitation, solvent extraction, thin film deposition, and gas-phase synthesis. Physical, chemical, and biological approaches are used to create ZnO nanoparticles. Physical methods include physical vapour deposition, arc-plasma technique, thermal evaporation, and ultrasonic irradiation. ZnO nanotubes with photocatalytic characteristics may be made using the thermal evaporation process. This method is also straightforward, low-cost, and catalyst-free. ZnO nanostructures are also made via chemical processes such as microemulsion, sol-gel, precipitation, chemical reduction, and chemical vapour deposition.

Other End-Uses of the Product, Further Augmenting the Procurement of Zinc Oxide

The compound is extensively used in the pharmaceutical industry to produce medication like ointment etc., which is furthering the industry's expansion. Cosmetics and personal care items, such as makeup, baby lotions, bath soaps, and foot powders, are another driver driving zinc oxide demand rise. It's utilised as a bulking agent, a colourant, a skin protectant, and a sunscreen in over-the-counter (OTC) drug items. The compound is used in the electronics segment owing to its properties, further boosting the market growth. Zinc oxide is in high demand in the electronics industry for usage in metal-oxide-based semiconductors that are reasonably bio-safe and biocompatible, making it ideal for sensor/transducer applications.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Zinc Oxide Industry Report

  • U.S. Zinc Corporation
  • Zinc Oxide LLC (parent company of Zochem)
  • Umicore N.V.
  • EverZinc
  • Orica Limited

Market Landscape

These companies participated in product launches, mergers and acquisitions, agreements, and collaborations to increase their regional reach. These companies have strong R&D departments and focus on generating high-performance goods to suit end-user expectations.

Key Initiatives by Companies

  • Cochem stated in February 2022 that their Zinc oxide manufacturing capacity at their Dickson, TN facility would be increased. The new furnace will increase the Central Tennessee facility's capacity by 15,000 metric tonnes.
  • EverZinc announced a price hike for all the company's goods worldwide in November 2021.

1.    Executive Summary
2.    Global Zinc Oxide Market Snapshot

    2.1.    Zinc Oxide Market Outlook
    2.2.    Zinc Oxide Industry Analysis by Application
        2.2.1.    Rubber
        2.2.2.    Ceramics & Glass
        2.2.3.    Chemical
        2.2.4.    Agriculture
    2.3.    Regional Overview
        2.3.1.    North America
        2.3.2.    Europe
        2.3.3.    Asia Pacific 
        2.3.4.    Latin America
        2.3.5.    MEA
3.    Impact of Recent Events 
4.    Zinc Oxide Value Chain Analysis 
5.    Zinc Oxide Production Process
6.    Trade Analysis 
7.    Major Risk Factors in Sourcing
8.    Zinc Oxide Cost Structure
9.    Zinc Oxide Price Analysis 
10.    Key Demand Indicator Analysis
11.    Key Price Indicator Analysis
12.    Zinc Oxide Market Dynamics

    12.1.    Drivers & Constraints
    12.2.    Industry Events 
    12.3.    Innovations & Trends
    12.4.    SWOT Analysis
    12.5.    Porter’s Five Forces
        12.5.1.    Buyer Power
        12.5.2.    Supplier Power
        12.5.3.    Threat of New entrants
        12.5.4.    Threat of Substitutes
        12.5.5.    Industry Rivalry
13.    Feedstock Market Analysis 
    13.1.    Market Overview
    13.2.    Price Analysis 
14.    Industry Best Practices
    14.1.    Sourcing Strategy
    14.2.    Procurement Model
    14.3.    Contract Structure
    14.4.    Negotiation Levers
    14.5.    Pricing Model
    14.6.    Key Factors Influencing the Quotation 
15.    Key Supplier Analysis
    15.1.    U.S. Zinc Corporation
    15.2.    Zinc Oxide LLC (parent company of Zochem)
    15.3.    Umicore N.V.
    15.4.    EverZinc
    15.5.    Orica Limited

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Key Questions Answered in the Report

The global market size of Zinc Oxide was valued at USD 4.03 billion in 2021.

As per the application provided, the rubber segment is anticipated to lead the market between the period 2022 – 2027.

The significant demand for the compound in rubber manufacturing is one of the essential drivers of the Zinc Oxide market growth.

U.S. Zinc Corp, Zinc Oxide LLC/Zochem, Umicore, and Cinkom Zinc & Lead Metal are some of the top companies in the market.

The Asia Pacific region of the Zinc Oxide industry holds a significant share in the market.

Analyst Review

The global Zinc Oxide market attained a value of USD 4.03 billion in 2021, driven by the rising demand for the compound in the manufacturing of rubber which is further employed in the manufacturing of tires boosting the industry's growth. The substance also finds application in various other sectors such as pharmaceutical, electronics, etc., which is likely to impact the market positively. Due to the following factors, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 4.5%. The market is projected to reach USD 5.25 billion by 2027.

Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate actionable and help them remain ahead of their competition. Some of the leading players in the industry are U.S. Zinc Corp, Zinc Oxide LLC/Zochem, Umicore, Cinkom Zinc & Lead Metal.

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