Zinc Oxide Pigments Market Insights:
The Zinc Oxide Pigments Market size was valued at USD 3.88 Billion in 2022, expecting a CAGR of 6.38% during the forecast period (2023-2030), and the market is projected to be worth USD 6.36 Billion by 2030.
The increased adoption of Zinc Oxide Pigments in the Paints, Coatings & Printing Inks industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Zinc Oxide Pigments also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Zinc Oxide Pigments in many sectors also boosts the market growth during the forecast period.
Zinc oxide is a white, powdery substance that is commonly used in a variety of industrial and consumer products, including pigments. Zinc oxide pigments are created by mixing zinc oxide with other materials to create a desired color and texture. Zinc oxide pigments have several advantages over other types of pigments. For one, they are very stable and do not degrade over time. They are also highly resistant to UV light, making them ideal for use in outdoor applications.
Zinc Oxide Pigments Market Research Report” was just released by Market Research Community. It is divided into several categories, including By End use (Paint, Agricultural, Pharmaceutical, Electronic, Rubber, Chemical, Ceramic & Glass), and companies (BASF SE, Hakusui Tech Company Ltd., Hindustan Zinc Ltd., Industrias Penoles, New Boliden AB, Teck Cominco Ltd., Zinifex Ltd., Korea Zinc Company Ltd., Pan-Continental Chemical Co. Ltd., and Xstrata Plc), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 6.38%, over the forecast period of 2023–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||6.36 Billion|
|By End Use||Paint, Agricultural, Pharmaceutical, Electronic, Rubber, Chemical, Ceramic & Glass|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||BASF SE, Hakusui Tech Company Ltd., Hindustan Zinc Ltd., Industrias Penoles, New Boliden AB, Teck Cominco Ltd., Zinifex Ltd., Korea Zinc Company Ltd., Pan-Continental Chemical Co. Ltd., and Xstrata Plc.|
The COVID-19 pandemic has had a substantial negative influence on the Zinc Oxide Pigments market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
BASF SE, Hakusui Tech Company Ltd., Hindustan Zinc Ltd., Industrias Penoles, New Boliden AB, Teck Cominco Ltd., Zinifex Ltd., Korea Zinc Company Ltd., Pan-Continental Chemical Co. Ltd., and Xstrata Plc.
Market Segment Analysis:
- Ceramic & Glass
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Zinc Oxide Pigments industries in the region.
Key Zinc Oxide Pigments Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Zinc Oxide Pigments Market segments.
– Largest Market Share Held by Industry to Industry for Zinc Oxide Pigments
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Zinc Oxide Pigments Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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