North America Zinc Oxide Market
No. of Pages: 113 | Report Code: BMIRE00025572 | Category: Chemicals and Materials
No. of Pages: 113 | Report Code: BMIRE00025572 | Category: Chemicals and Materials
The growing demand for zinc oxide from the rubber industry for manufacturing various products is bolstering the growth of the zinc oxide market. Zinc oxide is used as a vulcanizing agent in the vulcanization of rubber to increase durability. Rubber is utilized to produce automobile components, such as ventilation flaps, radiator seals, tires, and airbags. It offers high heat resistance and reduces heat build-up and UV rays absorption. These properties have soared the rubber industry's demand for zinc oxide powder.
Further, with the growing automotive industry, the demand for tires is increasing, boosting zinc oxide market growth. As per the International Organization of Motor Vehicle Manufacturers (OICA) report, in 2021, the automotive industry sold more than 82 million vehicles, a 5% increase compared to the previous year. Thus, with the growing automotive sales, the demand for tires is soaring gradually. The US Tire Manufacturers Association (USTMA) projects total tire shipments in the US increased to 336.0 million units in 2021, compared to 303.2 million units in 2020 and 332.7 million units in 2019. The North America Zinc Oxide Market is expected to grow at a promising CAGR during the forecast period.
North America Zinc Oxide Revenue and Forecast to 2028 (US$ Million)
North America Zinc Oxide Market Segmentation
The North America zinc oxide market is segmented on the basis of process, grade, application, and country. Based on process, the market is categorized into French process, American process, wet process, and others. In 2021, the french process segment held the largest market share.
Based on grade, the market is segmented into standard grade, food grade, USP grade, and others. In 2021, the standard grade segment held the largest market share.
Based on application, the market is categorized into rubber, agriculture, chemicals and lubricants, glass and ceramic, paint and pigment, pharmaceutical, and others. In 2021, the rubber segment held the largest market share.
Based on country, the market is fragmented into the US, Mexico, and Canada. The US is leading the market with a substantial share in 2022.
Silox SA, EverZinc, U.S. Zinc, Zochem, Umicore, Grillo-Werke AG, L. Bruggemann GMBH, and Akrochem Corporation are the leading companies in this regional market.
Strategic insights for the North America Zinc Oxide provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 780.40 Million |
| Market Size by 2028 | US$ 1102.17 Million |
| Global CAGR (2021 - 2028) | 5.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Process
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Zinc Oxide refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
1. Silox SA.
2. EverZinc.
3. U.S. Zinc.
4. Zochem.
5. Umicore.
6. Grillo-Werke AG.
7. Akrochem Corporation.
8. L. Bruggemann GMBH.
The North America Zinc Oxide Market is valued at US$ 780.40 Million in 2021, it is projected to reach US$ 1102.17 Million by 2028.
As per our report North America Zinc Oxide Market, the market size is valued at US$ 780.40 Million in 2021, projecting it to reach US$ 1102.17 Million by 2028. This translates to a CAGR of approximately 5.1% during the forecast period.
The North America Zinc Oxide Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Zinc Oxide Market report:
The North America Zinc Oxide Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Zinc Oxide Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Zinc Oxide Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
UK+442030260021, US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For North America Zinc Oxide Market
