The Latin America, Middle East and Africa Zinc Oxide Market would witness market growth of 7.1% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 224.2 Kilo Tonnes, showcasing a growth of 6.2% (2023-2030).
Zinc oxide's role as a semiconductor material in varistors protects electronic circuits from voltage surges. The continued growth of the electronics industry, with increasing demand for smaller and more powerful devices, has driven the demand for zinc oxide. Zinc oxide produces semiconductors, such as varistors and surge arresters, which protect electronic devices from voltage surges and electrical disturbances. Zinc oxide creates transparent conductive films, essential in electronic devices like touchscreens, liquid crystal displays (LCDs), organic light-emitting diode (OLED) displays, and photovoltaic cells. These films allow for touch sensitivity and efficient light transmission. Zinc oxide-based sensors and detectors are used in various applications, including gas sensors for environmental monitoring, humidity sensors, and photodetectors. These are essential in electronics for automation, safety, and environmental control.
Zinc oxide is used in pharmaceuticals, particularly medical ointments, dressings, and wound care products, owing to its mild antibacterial and anti-inflammatory properties. The demand for healthcare and medical products continues to grow. Zinc oxide is used in wound care products, such as ointments, creams, and dressings, to aid in wound healing. It has antimicrobial and anti-inflammatory properties, making it valuable for treating minor cuts, burns, and skin irritations. Zinc oxide is used in dermatological treatments for conditions like eczema, acne, and diaper rash. Its soothing and anti-inflammatory properties make it suitable for various skin-related medicinal products. As these drivers continue to influence demand and applications, the market is expected to maintain its growth trajectory.
The construction industry in the UAE is increasingly emphasizing sustainability and green building practices. In UAE, zinc oxide is incorporated into road markings, traffic paints, and signage materials. These coatings provide visibility, reflectivity, and durability for road safety and traffic management in the UAE. In UAE, zinc oxide is a critical ingredient in architectural coatings used for exterior surfaces such as walls, roofs, and facades. These coatings provide UV resistance, weatherproofing, and corrosion protection, ensuring the longevity and appearance of buildings in the UAE's harsh climate.
According to the International Trade Administration (ITA), the UAE's construction industry is expected to recover significantly over the next five years. The country's development agenda, which focuses on expanding its industrial, transportation, and energy infrastructure, will drive growth. As part of the projects of the 50 initiatives, the UAE government announced plans to implement a series of projects aimed at accelerating the UAE's economic development and transforming the country into a hub for all sectors. The rising growth of variable sectors across the LAMEA region will propel the growth of the market.
The Brazil market dominated the LAMEA Zinc Oxide Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $176.2 million by 2030. The Argentina market is showcasing a CAGR of 7.7% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.4% during (2023 - 2030).
Based on Process, the market is segmented into Indirect, Direct, Wet Chemical, and Others. Based on Application, the market is segmented into Automotive, Construction, Paints & Coatings, Cosmetics & Personal Care, Pharmaceuticals, Agriculture, and Others. Based on Form, the market is segmented into Powder, Pellets, and Liquid. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Zinc Oxide Market is Projected to reach USD 7.7 Billion by 2030, at a CAGR of 5.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include CCL Industries, Inc., Lanxess AG, Tata Chemicals Ltd. (Tata Group), Zochem inc., Toho Zinc Co., Ltd., Pan-Continental Chemical Co., Ltd., Ace Chemie Zynk Energy Limited, AG CHEMI GROUP s.r.o., HAKUSUI TECH CO., LTD., and Mario Pilato Blat SA.
By Process (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Form (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
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