In the first quarter of 2023, Asia Pacific witnessed positive demand for zinc oxide in downstream industries, supported by steady supply and import of high-priced products. However, demand slumped in the later months due to high inflation rates and declining market activities, especially in the automotive sector. The oversupply of zinc oxide resulted from increased production capacities of mining mills, leading to price downfall. In Europe, the market struggled due to disruptions from the Russia-Ukraine crises, causing gradually declining prices in both quarters. North America experienced a gradual decline in zinc oxide prices, affected by low demand, inflation pressure, and a falling economy.
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Definition
Zinc oxide is an inorganic compound with the chemical formula ZnO. Zinc oxide has numerous industrial applications due to its unique properties, including anti-corrosion abilities, and antimicrobial properties. It is also widely used in sunscreens and cosmetics for its UV protection. Additionally, it serves as a key ingredient in rubber manufacturing, ceramics, paints, coatings, electronics, and various other sectors. Its versatility and beneficial attributes make zinc oxide a valuable compound across diverse industries.
Key Details About the Zinc Oxide Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Zinc Oxide in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Zinc Oxide Price trends, including India Zinc Oxide price, USA Zinc Oxide price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Zinc Oxide Price Trend:
Zinc oxide finds widespread industrial applications due to its versatile properties. In the rubber industry, it is used as a vulcanizing agent and activator, enhancing the properties of rubber products. In the ceramics industry, zinc oxide acts as a flux to reduce melting temperatures and improve glaze properties. Its UV-protective and antimicrobial properties make it a key ingredient in sunscreens, cosmetics, and personal care products. Zinc oxide is utilized in paints, coatings, and pigments for its excellent opacity and corrosion resistance. It is also employed in the production of varistors, a type of electronic component, and as a catalyst in chemical reactions. Additionally, zinc oxide plays a role in the pharmaceutical and food industries.
Key Players:
- Ace Chemie Zynk Energy Limited
- AG CHEMI GROUP
- LANXESS
- Tata Chemicals Ltd
- TOHO ZINC CO LTD
- TP Polymer Private Limited
- Yongchang Zinc Industry Co Ltd
- Zochem Inc
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