During the initial quarter of 2023, the Asia Pacific region witnessed a surge in demand for zinc oxide within downstream industries. This upswing was fueled by a stable supply and the import of high-priced products. However, as the year progressed, demand began to decline, primarily attributed to soaring inflation rates and a slowdown in market activities, especially within the automotive sector. This decline in demand also resulted in an oversupply of zinc oxide, largely driven by the increased production capacities of mining mills, which subsequently led to a drop in prices.

Meanwhile, in Europe, the zinc oxide market faced considerable challenges due to disruptions stemming from the Russia-Ukraine crises. These geopolitical tensions contributed to a gradual decline in prices throughout both quarters.

In North America, a similar trend emerged as zinc oxide prices experienced a steady decline. This decline was influenced by factors such as low demand, mounting inflationary pressures, and a struggling economy, all of which collectively impacted the market's performance over the course of the year.

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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 chart, 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 boasts a wide array of industrial applications owing to its versatile properties. In the rubber industry, it serves as both a vulcanizing agent and an activator, enhancing the overall properties of rubber products. Meanwhile, in the ceramics sector, zinc oxide functions as a flux, lowering melting temperatures and elevating glaze properties. Its inherent UV-protective and antimicrobial qualities position it as a crucial ingredient in sunscreens, cosmetics, and personal care items. Within the realm of paints, coatings, and pigments, zinc oxide is highly regarded for its exceptional opacity and corrosion-resistant attributes. Furthermore, it finds utility in the manufacture of varistors, a type of electronic component, and acts as a catalyst in various chemical reactions. Beyond these applications, zinc oxide also plays significant roles 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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