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.
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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 780.40 Million |
| Market Size by 2028 | US$ 1102.17 Million |
| 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 |
|
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.
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