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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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 is extensively used across various industries owing to its adaptable nature. In rubber manufacturing, it functions as both a vulcanizing agent and activator, heightening the quality of rubber goods. In ceramics, it serves as a flux, reducing melting temperatures and enhancing glaze characteristics. Its UV-blocking and antimicrobial attributes make it a pivotal element in sunscreens, cosmetics, and personal care items. This compound is prized in paints, coatings, and pigments for its exceptional opacity and ability to resist corrosion. It’s also integral in producing varistors, an electronic component, and acts as a catalyst in chemical reactions. Furthermore, zinc oxide contributes to pharmaceutical and food sectors, playing a significant role in various applications.
- Ace Chemie Zynk Energy Limited
- AG CHEMI GROUP
- Tata Chemicals Ltd
- TOHO ZINC CO LTD
- TP Polymer Private Limited
- Yongchang Zinc Industry Co Ltd
- Zochem Inc
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