According to Markntel Advisors Report, Mexico Zinc Oxide Market is expected to grow at a significant growth rate, and the analysis period is 2022-2027, considering the base year as 2021.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Zinc oxide is a white-colored inorganic compound used in rubbers, plastics, ceramics, glass, cement, pharmaceuticals, paints, etc. It is also used as a skin protectant to cure minor skin irritations, such as burns, cuts, & diaper rashes. Its wide usage in industries like automotive, pharmaceutical, construction, food & beverages, etc., is the primary reason behind the expansion of the Zinc Oxide Market across Mexico.

 

Global Mexico Zinc Oxide Market Research Report & Summary:

The Mexico Zinc Oxide Market is projected to grow at a CAGR of 2.8% during the forecast period, i.e., 2022-27.               

Time Period Captured in the Report:

• Historical Years: 2017-20
• Base Years: 2021
• Forecast Years: 2022-27

Who are the Key Players Operating in the Mexico Zinc Oxide Market?

The top companies of the Mexico Zinc Oxide Market ruling the industry are: 

Zinc Nacional, Brenntag, RE Caroll Inc., Zochem Inc., Glencore, Lanxess, PAN Continental Chemical, Weifang Longda Zinc Industry, Others

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What is Included in Mexico Zinc Oxide Market Segmentation?

The Mexico Zinc Oxide Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• By Application
  • Rubber Industry
  • Ceramic Industry
  • Pharmaceuticals
  • Food & Beverages
  • Paints, Coatings & Pigments
  • Personal Care
  • Others (Chemicals, Automotive, etc.)
• By Grade
  • Standard
  • Treated
  • United States Pharmacopia (USP)
  • Food and Chemical Codex (FCC)
• By Process
  • Indirect Process or French Process
  • Wet Process
  • Direct Process or American Process

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Market Dynamics

Key Driver: Escalating demand for Zinc Oxide in Rubber Industry

 

The expansion in Mexico’s automotive industry is one of the key contributors to the rising demand for zinc oxide since it is utilized in the rubber industry for manufacturing tires & other parts. Mexico is home to tire manufacturers such as JK Tornel, Bridgestone, etc., for several passenger & commercial vehicles.

The strategic location of Mexico helps in trade between North American & Central American markets, where road transportation plays a key role. It has positively impacted the demand for trucks in the country and provided more opportunities for the players to offer truck tires.

In 2019, Cooper Tires & Rubber Company announced manufacturing a new line of tires in Jalisco, Mexico, which would include tires for passenger cars & trucks. Moreover, the growth in the e-commerce sector and increasing construction activities & mining projects in the country are anticipated to boost the demand for trucks and, in turn, for zinc oxide while manufacturing their tires. For instance:

• In November 2019, the Mexican government and private sector representatives announced the first package of an ambitious “Private-Sector-Led” USD 424 billion infrastructure plan. It identifies 147 projects out of an estimated 1,600, totaling USD 43 billion. The overall plan covers transportation, telecommunications, water & sanitation, energy, tourism, and social welfare.

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