New York, NY, June 27, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Zinc Oxide Pigments Market by End-Use Industries (Paint, Agricultural, Pharmaceutical, Electronic, Rubber, Chemical, and Ceramic & Glass); by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Perspective, Comprehensive Analysis, and Forecast 2017-2024’’. According to the report, global zinc oxide pigments market was valued at around USD 3,537.68 million in 2017 and is expected to reach approximately USD 5,525.41 million in 2024, growing at a CAGR of slightly above 5.6% between 2018 and 2024.
Zinc oxide pigments are widely used in pharmaceutical, agricultural, electronic, rubber, chemical, ceramic & glass, and metallurgical industry. The zinc oxide pigment possesses properties such as anti-corrosion, anti-oxidants, etc.
Browse through 28 Tables & 20 Figures spread over 110 Pages and in-depth TOC on "Global Zinc Oxide Pigments Market: Industry Size, Share, Trends and Forecast, 2017-2024”.
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The growing urbanization in developing economies and increase in consumer preference for zinc oxide pigments are expected to accelerate the growth of zinc oxide pigments market globally. The growing demand for zinc oxide from the fertilizer and semiconductor industry is expected to propel the growth of zinc oxide pigment market globally. The consumption of zinc oxide in new applications such as transparent transistors, fungicides, solar cells, memory devices, and light emitting diodes is expected to enhance the consumption of zinc oxide pigments market over the forecast period. Moreover, the growing investment in and construction industries are expected to generate immense opportunity for zinc oxide market in developing countries.
However, fluctuation in the raw material cost may affect the growth of zinc oxide pigments market over the forecast period.
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The continuous advancement in chemical technology, growing demand for zinc oxide from various industries, and growing investment in R&D activities are expected to generate immense opportunities for the zinc oxide pigments market in the future years.
The Asia Pacific accounted for the largest share in the global zinc oxide pigments market in terms of revenue and volume in the year 2017. The demand for zinc oxide pigments in the Asia Pacific is high followed by North America and Europe. China is one of the leading manufacturers of zinc oxide pigments. The easy availability of land, low cost of transportation, cheap labor, and little stringent government regulations are the key factors contributing for the high growth of zinc oxide pigments market in China, Japan, and India. Moreover, growing demand for dyes & paints in emerging countries such as China and India is expected to positively impact the market growth in the Asia Pacific.
Browse the full "Zinc Oxide Pigments Market by End-Use Industries (Paint, Agricultural, Pharmaceutical, Electronic, Rubber, Chemical, and Ceramic & Glass); by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Perspective, Comprehensive Analysis, and Forecast 2017-2024" report at https://www.zionmarketresearch.com/report/zinc-oxide-pigments-market
Europe is expected to register significant growth over the coming years, owing to nonharmful nature of zinc oxide pigments and availability of raw material in the region. The markets will also witnesses lucrative opportunities in Europe and North America, due to their strong industrial infrastructure. The growing electronics and automotive industries in North America are expected to witness a substantial growth in the global zinc oxide pigments market. The U.S. is estimated to contribute the highest share in the North America zinc oxide pigment market and expected to remain strong over the forecast period.
The zinc oxide pigments market in Latin America is expected to grow at significant rate in the forecast period. The growing demand from pharmaceutical and ceramic & glass industries owing to increasing urbanization is the key factor contributing towards the growth of the market in the region. The increasing demand from polymer and agrochemical sectors are expected to generate major demand for zinc oxide pigments market in the Middle East & Africa. The growing purchasing power and income in the emerging countries are attracting high investments in the construction, automotive, and chemical industries.
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Prominent players in the global zinc oxide pigments 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., among others.
The increasing competition among the zinc oxide pigment manufacturers owing to rising demand from end users is expected to drive the market growth in the coming future.
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The report segments the global zinc oxide pigments market as follows:
Zinc Oxide Pigments Market: End-User Analysis
- Paint Industry
- Agricultural Industry
- Pharmaceutical Industry
- Electronic Industry
- Rubber Industry
- Chemical Industry
- Ceramic & Glass Industry
Zinc Oxide Pigments Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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