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Key Emerging Trends in the Opacifiers Market
Market experts predict that the zinc oxide market worldwide will keep growing between 2018 and 2023. This growth is mainly because more and more people want zinc oxide for things like makeup, medicine, paint, ceramics, and rubber. The rubber industry using more zinc oxide and the increasing demand for it in medicine and beauty products are big reasons why the market is growing. Even in electronics, the demand for this product is expected to go up.
In Asia-Pacific, especially, there's a huge demand for zinc oxide. This area uses a lot of it in cars, buildings, beauty products, and healthcare. The government rules and the fast growth of cities and industries in this region might make the market here even bigger. In 2017, Asia-Pacific used almost half of all the zinc oxide in the world.
Market experts are pretty optimistic about the zinc oxide market—they think it's going to keep growing from 2018 to 2023. The reason? Well, more and more people want zinc oxide for all sorts of things like makeup, medicine, paint, ceramics, and rubber. It's becoming a big deal in these industries, especially in rubber making. Also, the demand for it in medicine, beauty products, and even electronics is going up.
In Asia-Pacific, there's a real hunger for zinc oxide. This area uses tons of it in cars, buildings, beauty products, and healthcare stuff. The rules set by governments and the speedy growth of cities and industries in this region might just make the market here even bigger. Back in 2017, Asia-Pacific used almost half of all the zinc oxide in the world!
Important Pointers by the Industry Experts
• New business models need to be addressed by understanding the needs of different end users
• Healthy growth is anticipated over the review period
• The new trends in various emerging countries are likely to change geo-economical, geopolitical and elements for market players
• Customer service is likely to play as a decisive asset to manufacturers
• Consumers prefer the most innovative solutions that could be a primary strategy for manufacturers to retain consumers
• Companies driven by innovation in developing nations may gain and maintain a healthy market share
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | High demand for applications such as paints & coatings, plastics, and personal care. |
| Market Dynamics | Rapid industrialization and urbanization increased residential and commercial construction activities in various countries. |
Opacifiers Market Highlights:
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