Zinc oxide Market

ZINC OXIDE MARKET- Global Industry
Insights, Trends, Outlook, and Opportunity
Analysis, 2016-2024
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REPORT DESCRIPTION
Zinc Oxide Market Overview
Zinc oxide (ZnO) is an inorganic and insoluble compound that is mainly used as an additive in various products
such as rubber, ceramics, paints, lubricants, foods, batteries, plastics, first-aid tapes, antiseptic creams, cosmetic
creams, and medical substances. One of the major applications of zinc oxide is its usage in creams, ointments, and
lotions to protect human skin against sunburn and harmful UV rays. Zinc oxide also finds application in treatment
of a number of skin conditions and is widely used in products such as anti-dandruff shampoos, calamine creams,
anti-septic ointments, baby care powder, and barrier creams for treating diaper rashes. Owing to the high
refractive index, antibacterial properties, UV protection properties, and high thermal conductivity, zinc oxide has
a vast application in personal and cosmetics industry.
Increasing investments in research and development initiatives, rising penetration of zinc oxide in various enduser
industries such as rubber industry, ceramics, personal care and others, coupled with significant
physiochemical attributes such as UV protection that provides protection from sun burn when used in sunscreen
creams and lotions and antibacterial properties that aid any cuts or skin diseases are the major factors driving the
demand for zinc oxide globally. On the other hand, high concentrations of zinc oxide leads to toxicity concerns,
which is expected to restrain the growth of global zinc oxide market.
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REPORT DESCRIPTION
Zinc Oxide Market Taxonomy
On the basis of type of product type, the global market is classified into:
Epoxy
Polyester
Vinyl Ester
Polyurethane
On the basis of application, the global market is segmented into:
Composites
Coatings
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REPORT DESCRIPTION
Zinc Oxide Market Taxonomy
On the basis of end use industry, the global market is classified into:
Chemical
Infrastructure
Oil & Gas
Marine
Food and Beverage
Automotive and Transportation
Others (power generation, paper and pulp)
Epoxy resin product segment is expected to remain dominant in the global corrosion resistant resin market, due to
its excellent corrosion resistance property, easy application and affordable cost. Epoxy coatings are widely used to
prevent corrosion in manufacturing equipment, tanks for corrosive chemicals, underground storage tanks,
industrial scrubbers, effluent management, and pressure transfer pipe. Vinyl resin is used in marine industry to
prevent the blistering of the hull ships.
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REPORT DESCRIPTION
Zinc Oxide Market Outlook – Flourishing Cosmetics Industry Positioning
Asia Pacific as Key Market
Based on the regional outlook, zinc oxide market is segmented into North America, Europe, Asia Pacific,
Middle East, and Africa. The market in Asia Pacific is projected to exhibit robust growth during the
forecast period (2016-2024), owing to burgeoning growth of the personal care products and cosmetics
market in the region. Europe is expected to account for a favourable share in the global zinc oxide market
due to the government’s approval on using zinc oxide market in beauty and skin care products. Approval
and usage of zinc oxide in sunscreen products in U.S. is expected to drive the growth of market in North
America. The study by Scientific Committee on Consumer Safety concluded that application of zinc
oxide does not pose risk of adverse effect in humans when used at a concentration up to 25% in UV
protection creams. Therefore, the approval for usage of zinc oxide in skin care products in Europe and
North America will shoot up the demand for global market of zinc oxide.
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