Zinc Oxide Market Business Status by Top Key Companies, Market Overview
The increasing application of zinc oxide in the cosmetic and pharmaceutical industry will contribute positively to the zinc oxide market
Stellar Demand for Rubber to Augment Growth in Asia Pacific
Asia Pacific is likely to witness high demand in the forthcoming years. The growth in the region is attributed to the growing demand for zinc oxide in rubber applications. Moreover, the surge in the automotive industry will also contribute positively to the growth of the market owing to the use of rubber in the automotive industry for the manufacturing of tires, automotive ant vibration, transmission systems, molded parts, spare parts, body sealing systems, and adhesives. The market in North America generated a revenue of USD 0.55 billion in 2018 and is expected to witness steady growth in the forthcoming years due to the declining rubber production in the region.
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