In-Depth Analysis of the Mexico Zinc Oxide Market: 2022-2027 Forecasts
MarkNtel Advisors has recently released an in-depth study on the Mexico Zinc Oxide Market, covering historical data, current market trends, marketing strategies, technological advancements, upcoming technologies, emerging opportunities, and technical advancements in the relevant industry.
What are the primary market insights shaping the trajectory of the industry?
The Mexico Zinc Oxide Market is anticipated to grow at a CAGR of around 2.8% during the forecast period, i.e., 2022-27.
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Who are the top companies in the Mexico Zinc Oxide Market?
- Zinc Nacional
- Brenntag
- RE Caroll Inc.
- Zochem Inc.
- Glencore
- Lanxess
- PAN Continental Chemical
- Weifang Longda Zinc Industry
- Others
Mexico Zinc Oxide Market Segmentation:
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
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What are the primary market drivers influencing the growth of Mexico Zinc Oxide Market?
Key Driver: Escalating demand for Zinc Oxide in Rubber Industry
The expansion in Mexico's automotive industry is one of the key contributors to the rising demand for zinc oxide since it is utilized in the rubber industry for manufacturing tires & other parts. Mexico is home to tire manufacturers such as JK Tornel, Bridgestone, etc., for several passenger & commercial vehicles.
The strategic location of Mexico helps in trade between North American & Central American markets, where road transportation plays a key role. It has positively impacted the demand for trucks in the country and provided more opportunities for the players to offer truck tires.
In 2019, Cooper Tires & Rubber Company announced manufacturing a new line of tires in Jalisco, Mexico, which would include tires for passenger cars & trucks. Moreover, the growth in the e-commerce sector and increasing construction activities & mining projects in the country are anticipated to boost the demand for trucks and, in turn, for zinc oxide while manufacturing their tires. For instance:
- In November 2019, the Mexican government and private sector representatives announced the first package of an ambitious “Private-Sector-Led” USD 424 billion infrastructure plan. It identifies 147 projects out of an estimated 1,600, totaling USD 43 billion. The overall plan covers transportation, telecommunications, water & sanitation, energy, tourism, and social welfare.
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Gain a Competitive Edge with Market Research Report
- The Mexico Zinc Oxide Market Report by MarkNtel Advisors offers a detailed analysis of the market size, growth rate, competitive landscape, and key players, allowing businesses to gain a comprehensive understanding of market dynamics.
- Businesses can utilize the report to identify emerging opportunities and potential challenges in the market by highlighting current trends and providing future projections.
- The insights provided in the report enable companies to align their strategies based on market forecasts, ensuring they can stay ahead of the competition and make informed decisions.
- Apart from market trends and projections, the Mexico Zinc Oxide Market Report assists in assessing and mitigating risks associated with entering or operating in the market
- By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategic approaches to minimize risks and optimize their operations, enhancing their competitive edge in the market.
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