Wurtzite Zinc Oxide Market Report

Market Insights

The Wurtzite Zinc Oxide Market estimated to grow from USD xx billion in 2020 to USD xx billion by 2026 at a healthy CAGR of xx% during the forecast period.

Figure: Wurtzite Zinc Oxide Market Size, 2020-2026 (USD Billion)

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What is Wurtzite Zinc Oxide?

Wurtzite zinc oxide is known as a semiconductor which is being widely used in powerful electronic applications. Based on grade, it can be categorized as pharmaceutical grade, food grade and industrial grade.

Covid-19 Impact Analysis

The outbreak of COVID-19 significantly impacted the materials supply chains, international trade, and manufacturing operations across the world. The production of wurtzite zinc oxide declined amidst the COVID-19 pandemic as the market players had to shut production facilities or operate the facilities below the optimal production capacities to avoid the spread of the coronavirus.

Key Players

Key players operating in the Wurtzite Zinc Oxide Market are-

• U.S. Zinc (US)
• Pan-Continental Chemical Co., Ltd (China)
• Zochem LLC (US)
• Rubamin Limited (India)
• G.H. Chemicals Ltd (India)
• Parchem Fine & Specialty Chemicals (US)
• CHEMET (India)
• Grillo Zinkoxid GmbH (Germany)
• SILOX s.a. (Belgium)

Market Dynamics

The global growth of wurtzite zinc oxide market size is primarily driven by widespread product usage in electrical & electronic industry. Increasing product demand in food products and cosmetics is expected to propel the market growth substantially during the forecast period. In addition to this, rising product use in industrial applications is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Segment’s Analysis

Application Trends

Based on application, the wurtzite zinc oxide market has been divided into rubber, batteries, cosmetics, foods and others.  The batteries application segment accounted for the largest market share in 2020. The segment growth can be attributed to increasing demand for smart consumer electronics across the geographies particularly developing countries.

Regional Trends

By region, the Asia-Pacific wurtzite zinc oxide market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to the significant growth of the electrical & electronics, food & beverage and personal care & cosmetics industries in the region. The market growth in North America region is expected to grow at a considerable CAGR during the review on account of presence of established end-use industries.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the wurtzite zinc oxide market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. Following are the critical questions answered in the report.

• What are the key trends in the Wurtzite Zinc Oxide market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on Wurtzite Zinc Oxide market?
• What are the key strategies adopted by the major vendors to lead in the Wurtzite Zinc Oxide market?
• What is the market share of the top vendors?

Target Audience

The target audience of Wurtzite Zinc Oxide Market includes-

• Wurtzite Zinc Oxide Vendors
• Wurtzite Zinc Oxide Manufacturers
• Wurtzite Zinc Oxide Distributors
• Organizations
• Government Bodies

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