Global Zinc Oxide Pigments Market: Overview
Zinc oxide is an inorganic compound, which is insoluble in water and finds use as additives for ceramics, glass, pigments, paints, adhesives, lubricants, plastic, and food. Due to the increasing application of zinc oxide pigments across diverse industries, their demand is increasing at a considerable pace. For instance, zinc oxide pigments find application across agriculture, brick kilns, electronic, pharmaceutical, paint, rubber, ceramic, glass compositions, metallurgical, and chemicals industries, which has a significant role to play in the growth witnessed by the global zinc oxide pigments market over the last few years.
The report provides an executive-level blueprint of the global zinc oxide pigments market covering in detail various growth drivers and restraints. It includes results obtained via proven research methodologies aimed at providing key market insights. The effect of Porter’s five forces on the market is studied as well to help readers gain better perspective about the overall operations.
Global Zinc Oxide Pigments Market: Trends and Opportunities
The increasing demands for enhanced fuel efficiency in automobiles is positively influencing the global zinc oxide pigments market’s trajectory. Zinc oxide pigments show anti-corrosion, anti-oxidants, and high cohesion properties. These pigments can form thin film over metal parts as well to improve lubricity and longevity of automobile engines. If mixed with additives, zinc oxide pigments can cater to specific requirements of the lubricants and paint industries. Since these pigments have a high heat conductivity, ensures resistance to compression, and have sulfur neutralizing ability, they play a crucial role in the rubber-making process. Spurred by these factors, the global zinc oxide pigments market is steered towards strong growth. In addition, the market is also gaining from the increasing disposable income and higher automotive sales in emerging nations.
On the downside, price hikes and volatile currency exchange are creating bottlenecks for enterprises operating in the global zinc oxide pigments market. This negative impact however has greater impact on importing markets. Nevertheless, the increasing demand for end-use products in rubber, paint, ceramics, and pharmaceutical industries is expected to boost monetization of R&D projects, which in turn will give the market impetus in the forthcoming years.
Global Zinc Oxide Pigments Market: Regional Outlook
The global market for zinc oxide pigments is expected to gain pace, bolstered by the rapid growth in end user industries. Because China is one of the leading manufacturers of zinc oxide pigment, Asia Pacific’s exhibits dominance in the global market. Zinc oxide pigments have a unique set of physical and chemical properties due to which their application is persistently increasing in Asia Pacific’s electronics industry. Besides this, the market also witnesses lucrative opportunities in Europe and North America, backed by their strong industrial infrastructure.
Global Zinc Oxide Pigments Market: Vendor Landscape
For a holistic market overview, the report also presents a detailed evaluation of the prevailing vendor landscape. For the purpose of the study, it therefore profiles companies such as Hakusui Tech Company Ltd, BASF SE, Industrias Penoles, Hindustan Zinc Ltd., Teck Cominco Ltd., New Boliden AB, Zinifex Ltd., Pan-Continental Chemical Co. Ltd., Korea Zinc Company Ltd, Xstrata Plc., and others.
The analysis covers information and observation regarding the company’s financial performance over the years, business strategies adopted by the leading players and impact of the same on the overall market, the latest mergers and acquisitions, and the results of SWOT analysis.
Geographies analyzed under this research report include
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Zinc Oxide Pigments Market
