Global Zinc Oxide Market: Market Analysis by Knowledge Sourcing Intelligence
The zinc oxide market is predicted to witness a compound annual growth rate of 4.32% during the forecast period to reach a total market size of US$5.239 billion by 2023, increasing from US$4.065 billion in 2017. Zinc oxide is considered as a multifunctional material due to its unique physical and chemical properties. This will further increase the demand for zinc oxide and thus is used in a variety of end-user applications. One of the main properties of zinc oxide is its antibacterial property and hence this property is widely utilized in applications which include food, pharmaceuticals, water and wastewater treatment among others. The potential application of zinc oxide across a wide range of end- user industries is driving the growth of the zinc oxide market in the forecast period. Also, growing innovations and increasing research & development investments, especially in the field of nanotechnology is further driving the market growth. Sample View of Zinc Oxide Market ...