Knowledge Sourcing Intelligence announces the publication of a new report on “Zinc Oxide Market - Forecasts from 2020 to 2025” to their offering.
The Zinc Oxide Market is primarily driven by various end-use applications such as personal care, healthcare, rubbers (automobiles) that are witnessing a profusion in R&D investments.
According to the report, the Zinc Oxide Market is expected to reach US$ 6.016 billion by 2025, from US$4.750 billion in 2019.
The factors that are governing the trajectory of Zinc Oxide Market and consequently contributing to its estimated growth
Zinc oxide or ZnO is an inorganic chemical compound that comprises zinc and oxygen. It is also known as calamine or zinc white and is known for its characteristic mild astringency. It can be obtained by three processes which are known as a direct, indirect, and wet process. Zno is not water-soluble but is soluble in base or water. Various end-use applications like agriculture, ceramics, chemical, cosmetics and personal care, pharmaceutical, plastics, and rubber, etc makes Zno an integral component towards its manufacturing. As it is a common knowledge that the supply side is governed among others by the demand side or specifically the end-use market. Research and developments in the end-use markets like that of personal care products and automobiles are brought about product offerings that are enticing the consumers and aiding in the forecasted growth of the market. Above all the most impressive and cognizable factor that is driving and is poised to catapult the market for zinc oxide is its incessant demand in healthcare especially that of biomedicine where zinc oxide nanoparticles are preferred for its exceptional biocompatibility, non-toxicity, notable antibacterial property, and UV-absorbing property. A few other applications in the healthcare segment pertains to the utilization of Zinc Oxide in the development of gene delivery and anticancer drug are creating new avenues whereby the market for zinc oxide is estimated to grow at a compounded rate.
Various developments in the Zinc Oxide Market that has been effectuated by multifarious strategic initiatives
Acquisition- In January, it was announced that by a global private equity firm called OpenGate Capital that G.H. Chemicals Ltd., and Microzinc Inc., collectively known as “GHC”, which is a manufacturer and exporter of French Process zinc oxide products, of Canadian origin has been acquired by specialty zinc chemical business based out of Europe called EverZinc that is OpenGate’s portfolio company. This acquisition has been referred as a “transformational investment” investment by EverZinc which enables the company to tap into the opportunities of market expansion via the means of world-class facilities in Quebec and make its product’s applications, which are used in alkaline batteries, anti-corrosion paints, ceramics and glass, pharma/chemicals, sunscreen, tires, and other products, available to more global customer base.
Introduction of New Technology– In July, it was announced by VIZOR that two new ingredients pertaining to next-generation inorganic sunscreen that is based on a surface modification technology that had at that time awaiting its patent approval could reportedly deliver a relatively higher SPF value with lesser material. Concomitantly performing better than conventional zinc oxide ingredients. The two technologies are known as Super Zinc® 1000 and Super Zinc® Natural that are marketed to offer better dispersibility, lower viscosity, and superior wetting in a formulation that enables relatively improved transparency and with SPF values comparatively higher which are to the tune of 50% -100%. The ingredients are meant to be utilized in the development of sunscreen that is aesthetically pleasing and that comes under the purview of FDA Category I products pertaining to anti-aging, color cosmetic, skincare, and sun care products in order to be in accordance with requirements of FDA Sunscreen Monograph as well as EU Monograph for UVA/UVB protection, which was in the formulation at that time. Last but not least, the ingredients of Super Zinc are safe along the lines of ecology and have been demonstrated as harmless to aquatic life by a testing laboratory that is EPA- certified.
The major players covered as part of the report are among others.
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This report segmented the Zinc Oxide Market on the basis following terms