According to the report, published by Fortune Business Insights in a report, titled “Zinc Oxide (ZnO) Market Size, Share & Industry Analysis, By Process (French / Indirect Process, American/ Direct Process, Wet Process, and Others), By Grade (Standard, Chemical, Pharma, Food, and Others), By Application (Rubber, Ceramic, Chemical, Agriculture, Paints & Coatings, Cosmetics & Pharmaceuticals, and Others), and Regional Forecast, 2019-2026” the market size stood at USD 4.10 billion in 2018.
The global zinc oxide market size is predicted to reach USD 6.36 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period. The increasing application of zinc oxide in the cosmetic and pharmaceutical industry will contribute positively to the zinc oxide market growth during the forecast period. The zinc oxide is a vital ingredient in the manufacturing of foot powders, makeup, bath soaps, and baby lotions. Thus, the rising demand for cosmetics products such as sunscreens, antiseptic ointments will accelerate the zinc oxide market revenue.
Moreover, the rising demand for calamine creams owing to its properties to prevent sunburn, premature aging of the skin, along with the protection of skin from UV lights, will also aid the development of the market in the forthcoming years. Nonetheless, the rising emphasis on skincare and skin protection will have a positive impact on the zinc oxide market revenue.
The report is aimed at delivering a comprehensive description of the zinc oxide market dynamics and structure by identifying and providing information regarding the key market segments. It also focuses on an all-encompassing analysis of leading market players by financial position, product, product portfolio, price, growth strategies, and regional presence. It offers PORTER’s analysis and SWOT analysis to record the question of shareholders and highlights the investment potential in the upcoming future. It also showcases what procedures and strategies; companies are currently implementing in the market. It further examines the ways and components convincing market expansion, growth patterns, restricting factors, and market strategies.