Sarasota, FL -- (SBWIRE) -- 03/12/2019 -- With the presence of a large pool of participants, the global zinc oxide pigments market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). BASF SE, Hakusui Tech Company Ltd., Hindustan Zinc Ltd, Industrias Penoles, New Boliden AB, Teck Cominco Ltd, Zinifex Ltd, Korea Zinc Company Ltd, Pan-Continental Chemical Co. Ltd, and Xstrata Plc are some of the key vendors of zinc oxide pigments across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the zinc oxide pigments market study.

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Citing an instance, in March 2018, HAK Industrial Chemicals exhibited its latest raw materials for paints, printing inks, and coatings at 2018 Middle East Coatings Show held in Dubai in UAE. The company sources revealed that the display was aimed at promoting its products across coatings sector for raw material suppliers and equipment manufacturers.

As estimated in this report, the global zinc oxide pigments market stood at US$ 3,537.68 million in 2017. Witnessing a tremendous rise during the period from 2017 to 2024, the revenue in this zinc oxide pigments market is expected to reach US$ 5,525.41 million by the end of the forecast period.

Growing end-user preference for zinc oxide pigments along with urbanization witnessed in emerging economies is likely to leverage the growth of zinc oxide pigments market over the coming years," says the author of this study. Apart from this, the escalating demand for zinc oxide from semiconductor and fertilizer sectors is anticipated to impel the zinc oxide pigments market size in the years ahead. In addition, the use of zinc oxide in transparent transistors, solar cells, light emitting diodes, fungicides, and memory devices is forecast to contribute significantly towards zinc oxide pigments market earnings over the forthcoming years.

Fluctuations in raw material costs, however, can impact the growth of zinc oxide pigments market over the next few years. Nevertheless, vast investments in chemical, construction, and automotive sectors are projected to create new opportunities of growth for zinc oxide pigments market in the near future. This, in turn, is expected to nullify the impact of hindrances on the business, reports the study.

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Regionally, Asia Pacific has been leading the worldwide zinc oxide pigments market and is anticipated to continue on the dominant position in the years to come, states the zinc oxide pigments market study. Massive demand for the product along with large-scale production of zinc oxide pigments in countries such as China is the main factor behind the dominance of the Asia Pacific zinc oxide pigments market. The high number of market players being headquartered in APAC is another significant factor that is supporting the growth of this regional zinc oxide pigments market. In addition, land availability, low transportation charges, inexpensive labor, and less strict laws associated with the product use in countries such as India, China, and Japan are the key driving forces of zinc oxide pigments market in Asia Pacific. Lucrative demand for dyes & paints in emerging economies such as India and China are forecast to further contribute towards the of zinc oxide pigments market revenue during the foreseeable future.

By End-User

Paint Industry
Agricultural Industry
Pharmaceutical Industry
Electronic Industry
Rubber Industry
Chemical Industry
Ceramic & Glass Industry

By Region

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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