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Europe Zinc Oxide Market Forecast to 2028 - COVID-19 Impact and Regional Analysis – by Process, Grade, Application

Europe Zinc Oxide Market Forecast to 2028 - COVID-19 Impact and Regional Analysis – by Process, Grade, Application

  • August 2022
  • 121 pages
  • ID: 6316775
  • Format: PDF
  • The Insight Partners

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The Europe zinc oxide market is expected to reach US$ 811.17 million by 2028 from US$ 585.68 million in 2021. It is estimated to grow at a CAGR of 4.8% from 2021 to 2028.

Limited availability of alternatives and growing application of zinc oxide in various end-use industries are bolstering its demand and subsequently flourishing the market.Zinc oxide nanoparticles are excessively used in the pharmaceutical industry, and a few medicines contain irreplaceable zinc oxide nanoparticles and have no alternative.

For instance, azithromycin medicine, used for infected wound healing, comprises zinc oxide nanoparticles majorly and has no substitute.

Similarly, zinc oxide (ZnO) has been commonly used in high doses (2000 to 3000 mg/kg diet) for weaned piglets as an antibiotic to prevent intestinal inflammation and increase weight gain among swine livestock.ZnO is used as fortified in animal feeds to increase its nutrition value, growth rate, and immunity.

Scientists from the region are still researching the alternative of ZnO in animal feed.

Further, rising zinc oxide application in multiple industries is another major driving factor for the market.With the growing population and increasing per capita income, the demand for various goods has risen.

This trend has increased revenue in various industries such as personal care, pharmaceutical, paints, and pigments.These industries widely use zinc oxide while manufacturing products, helping flourish the market.

For instance, zinc oxide is used as a key ingredient in a wide range of cosmetics and pharmaceutical products such as bath soaps, makeup, lipstick, baby lotion, shampoo, zinc soap, dental inlays, sunscreen, antiseptic ointments, and calamine creams to prevent from sunburn, and premature aging of the skin. Zinc oxide is also widely applied in skin protectant products such as diaper rash ointments.

In addition, zinc oxide is commonly used in primers and exterior paints.Zinc oxide provides mildew resistance, corrosion inhibition, and stain blocking support.

Also, zinc oxide is widely used as an additive for lubricating oils of automotive engines to reduce oxidation corrosion and wear and tear.Zinc oxides are used to manufacture various lubricants, such as extreme-pressure lubricants, seizure-resistant lubricants, and greases.

These products are high in demand, and the respective industries are growing. For instance, in 2021, the cosmetic industry generated ~US$ 81 billion of revenue and registered ~8% growth compared to the previous year, as per the study by Statista.

Similarly, in 2021, automotive lubricants recorded 70.2 billion of revenue, an increase of ~5% compared to 2020 as per the Statista report. Thus, the wide array of applications of zinc oxide is increasing its consumption rate and, subsequently, driving the market. The Europe Zinc Oxide Market is expected to grow at a good CAGR during the forecast period.

Europe Zinc Oxide Revenue and Forecast to 2028 (US$ Million)

Europe Zinc Oxide Market Segmentation

The Europe 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 Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany 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.

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