Zinc Oxide Pigments Market Report

Zinc Oxide Pigments Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies, and Forecasts, 2015 To 2022

Format: PDF  |  Report ID: GVR2212

Global increase in applications in end-use industries such as paint, agricultural, pharmaceutical, electronic, brick kilns, rubber, chemical, ceramic & glass composition and metallurgical is expected to drive zinc oxide pigments market over the forecast period. Rubber industry is one of the dominating end-use industries for zinc oxide pigment owing to enhanced tire performance. It also helps in decreasing melting temperature for glaze thereby reducing energy requirements. It is majorly used in pharmaceutical industry to impart disease specific properties to pharmaceutical products. Rising demand from paints and dyes industry in emerging economies such as China & India owing to rapid urbanization is slated to propel the market growth over the forecast period. It is widely used in artistic and decorative paints. It also contributes in mildew protection; hiding power, neutralization of acids formed upon paint film oxidation and ultraviolet absorption. Inorganic dyes represent a mature market in Japan which is expected to witness sluggish growth over the next seven years. Owing to improving industrial products quality, demand for their durability and appearance is increasing as well. Increase in consumer spending on quality products is expected to drive market growth. Growing infrastructural projects particularly in emerging regions such as Asia Pacific and Middle Eastern Africa owing to expanding population is expected to complement market growth over the next seven years. These are most preferred in construction owing to their tolerance towards adverse conditions. Market demand for the pigment is expected to stem from electronic industry due to its chemical and physical properties such as ability to absorb heat.

It is an inorganic compound which is insoluble in water and is widely used as an additive for glass, plastic, pigments, paints, lubricants, adhesives,& sealants, ceramics and foods. These pigments are mostly found in two forms including powder and dust. It is also known as zinc white. The largest application of the pure pigment has been in water colors sold under the name Chinese white, though it is often found in mixtures of in oil and acrylic paints with other pigments. Zinc white is mostly compatible with all inorganic pigments. It is stable toward light in a way that it does not discolor. However, due to its photochemical reactivity, it will affect the fading of several organic pigments. This is expected to hinder market growth and pose challenges to industry participants over the forecast period. Increasing demand from various end-use industries coupled with low price is slated to yield opportunities to industry participants over the forecast period.

Asia Pacific dominated regional market and is expected to continue its dominance over the forecast period. Increasing number of vehicles on road coupled with increasing demand from electronics and pharmaceutical industry is expected to propel market growth in the region. Growing market for dyes & paints in emerging countries such as China and India is expected to positively impact market growth in Asia Pacific. China is one of the largest producer consumer for the market. North America is slated to witness considerable growth owing to growing automotive and electronic industries in the region. Europe is projected to observe significant market growth owing to raw materials availability and non-hazardous nature for zinc oxide pigments. Stringent regulations regarding chemicals usage in Europe restrict inorganic compounds usage. Zinc oxide being an inorganic compound, toxicity is not an issue owing to its chemical properties.

Key companies operating in market include BASF SE, Zinifex Ltd., Hakusui Tech Company Ltd, New Boliden AB, Hindustan Zinc Ltd., Korea Zinc Company Ltd, Teck Cominco Ltd., IndustriasPenoles,Pan-Continental Chemical Co. Ltd., and Xstrata Pl

 

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