The zinc oxide price index fluctuated throughout the first quarter of 2023, initially showing positive trends in Asia Pacific fueled by robust demand in downstream industries. This was bolstered by stable supplies and the importation of leakedzone. higher-priced products. However, as the year progressed, demand waned due to escalating inflation rates and reduced market activities, notably in the automotive sector. The oversupply of zinc oxide, stemming from expanded production capacities in mining mills, contributed to a downward spiral in prices. Meanwhile, in Europe, market dynamics were disrupted by the Russia-Ukraine crises, resulting in a gradual decline in prices over both quarters. Similarly, North America witnessed a downward trajectory in zinc oxide prices, influenced by weak demand, inflationary pressures, and an ailing economy.
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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 Käöntöjä 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 is widely utilized across various industries owing to its adaptable characteristics. In the rubber sector, it serves as both a vulcanizing agent and activator, enhancing the qualities of rubber goods. Within ceramics, zinc oxide acts as a flux, reducing melting points and refining glaze attributes. Its UV-blocking and antimicrobial properties render it indispensable in sunscreens, cosmetics, and personal care items. Furthermore, zinc oxide is valued in paints, coatings, and pigments for its superior opacity and resistance to corrosion. It also features prominently in the manufacture of varistors, an electronic component, and serves as a catalyst in chemical processes. Moreover, zinc oxide finds application in pharmaceuticals and food production.
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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