DUBLIN--(BUSINESS WIRE)--The "Asia Pacific Zinc Oxide Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Process, Grade, Application" report has been added to ResearchAndMarkets.com's offering.

The Asia Pacific zinc oxide market is expected to reach US$ 3705.91 million by 2028 from US$ 2601.78 million in 2021. It is estimated to grow at a CAGR of 5.2% from 2021 to 2028.

With the growing demand for chemical-free food, green zinc oxide nanoparticle consumption is increasing as it is a safe alternative to conventional chemical methods. Zinc oxide nanoparticles are effective for germination and the development of plants. It also helps boost the growth rate of stem and roots without extracting soil nutrients. The demand for green zinc oxide nanoparticles is gradually increasing due to their soil reviving properties and increased crop yield.

In addition, various government initiatives to support green and sustainable agriculture provide lucrative opportunities to manufacturers of zinc oxide nanoparticles. For instance, the Government of India introduced several programs, such as National Mission for Sustainable Agriculture (NMSA), Soil Health Card (SHC), and Mission Organic for Value Chain Development for Northeast (MOVCD), to promote green agriculture across the country.

Green zinc oxide nanoparticles are quite safe and eco-friendly compared to chemical synthesis; hence farmers across the region are gradually adopting nanoparticles. The Asia Pacific zinc oxide market is expected to grow at a good CAGR during the forecast period.

The Asia Pacific zinc oxide market is segmented on the basis of process, grade, application, and country.

• Based on process, the market is categorized into French process, American process, wet process, and others. In 2021, the French process segment held the largest market share.
• Based on grade, the market is segmented into standard grade, food grade, USP grade, and others. In 2021, the standard grade segment held the largest market share.
• Based on application, the market is categorized into rubber, agriculture, chemicals and lubricants, glass and ceramic, paint and pigment, pharmaceutical, and others. In 2021, the rubber segment held the largest market share.
• Based on country, the market is fragmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. China is leading the market with a substantial share in 2022.

Market Dynamics

Drivers

• Growing Penetration of Zinc Oxide in Rubber Products
• Limited Substitutes and Increasing Application of Zinc Oxide in Various Industries Driving the Market

Restraints

• Stringent Government Policies

Opportunities

• Growing Demand for Green Zinc Oxide Nanoparticles in Agriculture

Future Trends

• Growing Bio Medicinal use of Zinc Oxide

Companies Mentioned

• Silox SA.
• EverZinc.
• U.S. Zinc.
• Umicore.
• Rubamin.
• JG Chemicals Pvt,Ltd.
• Pan-Continental Chemicals Co.Ltd.
• Akrochem Corporation.
• L.Bruggeman GMBH

For more information about this report visit https://www.researchandmarkets.com/r/j9lu1g

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