The North America zinc oxide market is expected to reach US$ 1102.17 million by 2028 from US$ 780.40 million in 2021. It is estimated to grow at a CAGR of 5.1% from 2021 to 2028.
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.
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.
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 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.
Table of Contents
1. Introduction
3. Research Methodology
4. North America Zinc Oxide Market Landscape
5. North America Zinc Oxide Market ? Key Market Dynamics
6. Zinc Oxide ? North America Market Analysis
7. North America Zinc Oxide Market Analysis ? By Process
8. North America Zinc Oxide Market Analysis ? By Grade
9. North America Zinc Oxide Market Analysis ? By Application
10. North America Zinc Oxide Market ? Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Figures
List of Tables
Companies Mentioned
- Silox SA.
- EverZinc.
- U.S. Zinc.
- Zochem.
- Umicore.
- Grillo-Werke AG.
- Akrochem Corporation.
- L. Bruggemann GMBH.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 113 |
| Published | August 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 780.4 Million |
| Forecasted Market Value ( USD | $ 1102.17 Million |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | North America |
| No. of Companies Mentioned | 8 |
