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Zinc Oxide Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22381
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Zinc Oxide Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Zinc Oxide | Bulk Chemical and Fertilizer | India | 1980 USD/MT (Rubber Grade) |
At the beginning of the last quarter of 2023, Zinc oxide prices in India initially, exhibited a bullish trend, due to the substantial increase in the costs of feedstock zinc ingot and strong demand from rubber and coating industries. The price hike was further exacerbated by a restrictive supply landscape. However, towards December, zinc oxide (rubber grade) prices dropped to 1980 USD/MT, due to lower zinc ingot costs and overall sluggish demand. The downward price trend was further impelled by year-end destocking activities, causing a surge in regional inventories due to muted inquiries from buyers.
Zinc Oxide Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Zinc Oxide Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of zinc oxide pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of zinc oxide at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of zinc oxide price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing zinc oxide price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Zinc Oxide Market Analysis
The global zinc oxide market size reached US$ 5.4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 8.8 Billion, at a projected CAGR of 5.60% during 2023-2032.
- The widespread product application in the cosmetics and personal care industry due to its ultraviolet (UV) protection properties is contributing to the market growth. With escalating awareness about the harmful effects of UV radiation, the demand for zinc oxide-based sunscreens and skin care products has surged, thus aiding in market expansion.
- The rising demand for electronics and electrical products, wherein zinc oxide is widely used as a semiconductor material in various electronic components such as diodes, transistors, and sensors, is impelling the market growth. This trend is further led by the expanding penetration of smartphones, tablets, and other electronic devices worldwide.
- Additionally, the flourishing expansion of the automotive industry is further aiding in market expansion. Zinc oxide is extensively used in rubber compounding applications for tire production. According to the US Tire Manufacturers Association (USTMA), 336 million tires were exported in 2021, representing a significant increase from the previous year's record of 303.2 million. This clear increase in tire demand and manufacturing is positively impacting the market growth.
- The thriving agricultural sector’s growing use of zinc oxide as a micronutrient fertilizer to enhance crop yields and improve soil health is acting as another significant growth-inducing factor.
- Concurrent with this, the increasing construction activities globally spurring the demand for zinc oxide in paints and coatings owing to its anti-corrosive properties and ability to provide UV protection is also strengthening the market growth.
- The healthcare sector's growing emphasis on wound care and antimicrobial applications is driving the adoption of zinc oxide-based products such as wound healing creams and antibacterial ointments, creating a positive outlook for market expansion.
- Furthermore, stringent regulations aimed at reducing carbon emissions have heightened the demand for zinc oxide in the production of environmentally friendly rubber compounds for the automotive industry, bolstering the market growth.
- Apart from this, rapid industrialization and urbanization leading to a surge in infrastructure development are contributing to the increasing demand and sales of zinc oxide in ceramic and glass manufacturing applications.
- The International Energy Agency (IEA) estimated more than US$ 1.7 trillion was invested in clean energy, like renewable power, in 2023. Since zinc oxide is utilized in thin-film solar cells because of its optoelectronic qualities, the market is experiencing robust demand.
Zinc Oxide News
The report covers the latest developments, updates, and trends impacting the global zinc oxide market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in zinc oxide production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the zinc oxide price trend.
Latest developments in the zinc oxide industry:
- In August 2023, Zochem ULC, a subsidiary of Zinc Acquisition Holdings, acquired a 40% stake in Industrias Electro-Químicas (IEQSA), a prominent South American manufacturer of zinc products based in Callao, Peru.
- In June 2022, Aterian Investment Partners merged with U.S. Zinc and EverZinc, to form the pre-eminent global zinc chemistry business. This joint venture will support high value markets, such as personal care, alkaline, storage and rechargeable batteries, pharmaceuticals, agriculture, chemicals, paints and coatings, textiles, feed, and rubber and serve its customers from 14 facilities located throughout North America.
Product Description
Zinc oxide (ZnO) is a versatile inorganic compound. It occurs naturally as mineral zincite, however it is mostly synthesized for use in industrial applications. One of its most distinguishing qualities is its capacity to function as a semiconductor, which is widely used in the electronics and optoelectronics industries.
Zinc oxide's distinctive optical qualities, such as high transparency in the visible range and capacity to absorb UV rays, make it a popular ingredient in sunscreens and other cosmetic products. Zinc oxide provides strong UV ray protection, preventing sunburn and lowering the risk of skin cancer.
Furthermore, zinc oxide also possesses remarkable antimicrobial qualities, making it useful in medical applications like wound healing lotions and antibacterial ointments. Its non-toxic nature and biocompatibility further enhance its suitability for these applications. Aside from this, zinc oxide is used as a pigment in paints, varnishes, and plastics due to its brightness and durability. It serves as a micronutrient fertilizer in agricultural contexts, promoting plant growth and development.
Regional Coverage
The report provides a detailed analysis of the zinc oxide market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the zinc oxide price trend.
Global Zinc Oxide Price
The report offers a holistic view of the global zinc oxide pricing trends in the form of zinc oxide price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of zinc oxide but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed zinc oxide demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Zinc Oxide Price
During the fourth quarter of 2023, the European zinc oxide market witnessed fluctuations driven by variations in zinc ingot prices and market demand. Initially, reduced demand in construction and automotive sectors led to diminished product orders despite consistent supply. However, a rebound in demand, especially from rubber and coating industries, occurred in November, driving prices upwards. Towards the end of the quarter, prices experienced a marginal decline due to ample supply and reduced zinc ingot costs, indicating a balance between supply and cost factors.
This analysis can be extended to include detailed zinc oxide price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Zinc Oxide Price
In the fourth quarter of 2023, the North American zinc oxide market saw fluctuations due to changing zinc ingot prices and market demand. Initially, mild declines in demand, especially from construction and automotive sectors, resulted in decreased purchasing activity. Despite steady supply, there was an overall moderation in availability, leading to downward price pressure. However, supply constraints further influenced pricing dynamics, prompting sellers to raise prices. However, prices saw a marginal decline by the quarter's end due to ample supply and lower zinc ingot prices.
Specific zinc oxide historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Zinc Oxide Price
The report explores the zinc oxide pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on zinc oxide prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Zinc Oxide Price
In the APAC region during Q4 2023, zinc oxide prices initially surged due to increased zinc ingot costs and robust demand from rubber and coating industries. However, a reversal occurred in December attributed to reduced Zinc Ingot costs and sluggish demand post-festival season. This led to a decline in prices, further influenced by year-end destocking activities and increased regional inventories, prompting sellers to adjust prices downward.
This zinc oxide price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Zinc Oxide Price
The analysis of zinc oxide prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Zinc Oxide |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Zinc Oxide Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of zinc oxide pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting zinc oxide price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The zinc oxide price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
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