By Application (Rubber Industry, Ceramic Industry, Pharmaceuticals, Food & Beverages, Paints, Coatings & Pigments, Personal Care, Others), By Grade (Standard, Treated, United States Pharmacopia (USP),... ... s Pharmacopia (USP), Food and Chemical Codex (FCC)), By Process (Indirect Process or French Process, Wet Process, Direct Process or American Process), By Competitors (Zinc Nacional, Brenntag, RE Caroll Inc., Zochem Inc., Glencore, Lanxess, PAN Continental Chemical, Weifang Longda Zinc Industry) Read more
- Chemicals
- Jan 2022
- 187
- PDF, Excel, PPT
Market Definition
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.
Market Insights
The Mexico Zinc Oxide Market is projected to grow at a CAGR of 2.8% during the forecast period, i.e., 2022-27. Zinc oxide is an inorganic compound and is insoluble in water. Since it acts as an activating agent, its application is growing in numerous materials & products. Various cosmetics manufacturers like Swan Cosmetics, Francobel Comercializadora, etc., are headquartered in Mexico and produce cosmetics locally. The high awareness among consumers regarding the impact of solar exposure on the skin and the ability of zinc oxide to act as a powerful sunscreen agent, especially for customers with sensitive skin, drive the Mexico Zinc Oxide Market.
Furthermore, the country is home to various tire manufacturers, such as Michelin, Pirelli, etc. It is leading the way for sustained growth in automotive manufacturing by becoming the 7th largest automotive producer globally. Hence, increased investments by automotive companies in the establishment & expansion of manufacturing facilities would encourage tire manufacturers to boost tire production in the country.
- In 2021, BMW started the production line of its Series 2 Coupe compact sports car in its plant in central Mexico.
As a result, the expansion plans of tire manufacturers in the country on account of the mounting demand from the automotive sector would directly contribute to the increased demand for zinc oxide in Mexico and drive the overall market. For instance:
- In 2021, Pirelli announced the approval of its tire plant in Silao, Mexico, which would be worth USD 36 million. Once completed, the plant would have a capacity of around 7.2 million tires
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR (2022-2027) | 2.8% |
| Key Companies Profiled | Zinc Nacional, Brenntag, RE Caroll Inc., Zochem Inc., Glencore, Lanxess, PAN Continental Chemical, Weifang Longda Zinc Industry, Others |
| Unit Denominations | USD Million/Billion |
Covid-19 Impact on the Mexico Zinc Oxide Market
The Covid-19 pandemic has impacted almost every industry in Mexico due to the sudden lockdown & shutdown of production plants in 2020. The demand for zinc oxide was also affected since most rubber companies, cosmetic & personal care product manufacturers, construction & chemical industries, etc., witnessed certain challenges like social distancing norms, massive disruptions in the supply chain network, etc. As a result, it negatively influenced their manufacturing capabilities.
On the other hand, the shutdown of tire manufacturing plants by many companies owing to the rising number of cases also negatively impacted the demand for zinc oxide amidst the pandemic. For instance:
- Cooper Tire & Rubber Co. closed down its manufacturing facilities in the United States & Mexico to protect the health of its employees.
However, the upliftment of restrictions and increased government focus on boosting the local production & reducing dependency on imports shall strongly contribute to the growth of the zinc oxide market in the years to come.
- Introduction
- Product Definition
- Research Process
- Assumptions
- Market Segmentation
- Executive Summary
- Impact of COVID-19 on Mexico Zinc Oxide Market
- Mexico Zinc Oxide Market Trends & Insights
- Mexico Zinc Oxide Market Dynamics
- Drivers
- Challenges
- Impact Outlook
- Mexico Zinc Oxide Market Regulations & Policy
- Mexico Zinc Oxide Market Value Chain Analysis
- Mexico Zinc Oxide Market Hotspots & Opportunities
- Mexico Zinc Oxide Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue in USD Million
- By Quantity Sold in Tons
- Market Share & Analysis (Revenues Vs Quantity Sold)
- 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
- By Company
- Competition Characteristics
- Revenue Shares
- Competitor Placement in MarkNtel Quadrant
- By Application
- Market Size & Analysis
- Mexico Zinc Oxide Market Key Strategic Imperatives for Success & Growth
- Competition Outlook
- Competition Matrix
- Brand Specialization
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Company Profile (Business Description, Product Segment, Business Segment, Financials, Strategic Alliances or Partnerships, Future Plans)
- Zinc Nacional
- Brenntag
- RE Caroll Inc.
- Zochem Inc.
- Glencore
- Lanxess
- PAN Continental Chemical
- Weifang Longda Zinc Industry
- Others
- Competition Matrix
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making
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