Market development status and forecast of zinc oxide industry in China in 2020

Market development status and forecast of zinc oxide industry in China in 2020
 

    According to the "Research Report on the supply and demand situation and development prospect of China's zinc oxide Market (2020 Edition)" released by Limu information consulting, zinc oxide is a common chemical additive, which is widely used in the production of plastics, silicate products, synthetic rubber, lubricating oil, paint, ointment, adhesive, food, battery, flame retardant and other products.
    During 2020-2025, the global zinc oxide market will grow at a compound annual growth rate of 4.32%, which will eventually increase from US $4.065 billion in 2017 to US $5.239 billion in 2023. In terms of market application, the demand for new oxidation products in rubber, ceramics, chemical industry, medicine and personal care industry is increasing.
    In the domestic market, affected by the continuous growth of tire sales, the rubber industry will increase most rapidly in the next few years. In contrast, the slow economic growth and the adoption of new rubber standards in China and other countries have hindered the development of the market to some extent, but it does not prevent China from becoming one of the largest zinc oxide markets in the world.
    China imported 8223 tons of zinc oxide in 2015, 9642 tons in 2016, 14193 tons in 2017, 16747 tons in 2018 and 12544 tons in 2019.
    In 2015, China exported 13439 tons of zinc oxide, 16457 tons in 2016, 13424 tons in 2017, 11802 tons in 2018 and 19411 tons in 2019.
   The general development trend of zinc oxide is to optimize the product structure, enhance the technical content of products, expand product varieties and enhance market competitiveness. To improve the quality of products as the center, develop high-grade zinc oxide deep-processing industry, and develop high-value-added products with market competitiveness, such as zinc oxide for electronic industry, zinc oxide for medical use and ultraviolet shielding zinc oxide.