Market Forecast By Process (Indirect Process (French Process), Direct Process (American Process), Wet Process), By Application (Rubber & Tyres, Ceramics & Glass, Pharmaceutical & Cosmetics, Agriculture, Paints & Coatings, Others) And Competitive Landscape
Product Code: ETC191804 | Publication Date: May 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Bangladesh Zinc Oxide Market |
Forecast period | 2025-2031 |
CAGR | 4.5% |
Growing Sector | Pharmaceutical & Cosmetics |
The Bangladesh Zinc Oxide Market Report thoroughly covers the market by process and application. The Bangladesh Zinc Oxide Market Outlook report provides an unbiased and detailed analysis of the ongoing Bangladesh Zinc Oxide Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
Bangladesh Zinc Oxide Market is poised for constant growth, driven by the flourishing manufacturing sector and the expanding construction industry. However, challenges such as environmental regulations and supply chain disruptions hampers the Bangladesh Zinc Oxide Market growth while the industry's adaptability, coupled with emerging trends towards sustainability and innovation, offer a promising outlook.
According to 6Wresearch, the Bangladesh Zinc Oxide Market size is projected to rise at a CAGR of 4.5% during 2025-2031. One of the primary drivers is the burgeoning manufacturing sector in the country, which includes industries like rubber, paints, pharmaceuticals, and textiles, all of which heavily rely on zinc oxide as a crucial raw material. Additionally, the construction industry, experiencing a surge in activity due to urbanization and infrastructure development, has significantly contributed to the demand for zinc oxide in paints, coatings, and ceramics applications. Moreover, the country's favorable geographical location and access to international trade routes have facilitated both imports of raw materials and exports of finished goods, further contributing to the proliferation of Bangladesh Zinc Oxide Market growth. In terms of trends, there is a notable shift towards sustainable manufacturing processes.
Manufacturers are exploring greener alternatives and investing in renewable energy sources to mitigate environmental impact. Additionally, there is a growing emphasis on product innovation, with a focus on improving the quality and purity of zinc oxide to meet the increasingly stringent standards set by end-user industries. Furthermore, there are several opportunities for the Bangladesh Zinc Oxide market. For instance, the government's initiatives to attract foreign investments, coupled with industry-specific incentives offered by the Bangladesh Investment Development Authority (BIDA), provide a conducive environment for the growth of the chemical industry.
Some of the prominent players in the Bangladesh Zinc Oxide Industry include;
The Government of Bangladesh has been actively promoting local manufacturing and production as part of its industrial development strategy. As a result, there has been a significant increase in the production of zinc oxide in the country. The government has also implemented various policies and incentives to attract foreign investments in the sector, further bolstering the growth of the market. One such initiative is the Bangladesh Industrial Development Authority's (BIDA) 'One-Stop Service Act' which provides a streamlined process for obtaining necessary permits and approvals for setting up industries in the country.
The future of this market without any doubt is promising with growth expected to be fueled by increasing investments in infrastructure and construction projects, as well as rising demand from the paints and coatings industry. Additionally, the growing awareness about the benefits of zinc oxide in various applications, such as rubber manufacturing, agriculture, and medical products, is further expected to drive market growth.
According to Saurav, Senior Research Analyst, 6Wresearch, the Direct Process is the only growing segment in terms of process and this segment is expected to dominate the market as it is more cost-effective and energy-efficient compared to the French Process. This process involves the oxidation of zinc vapor using air.
By Application, the Pharmaceutical & Cosmetics segment is likely to gain traction over the forecast period due to increasing consumer awareness about skin health and the use of zinc oxide in skincare products. The demand for sunscreens and other cosmetic products containing zinc oxide has been on the rise in the country.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Zinc Oxide Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Zinc Oxide Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Zinc Oxide Market - Industry Life Cycle |
3.4 Bangladesh Zinc Oxide Market - Porter's Five Forces |
3.5 Bangladesh Zinc Oxide Market Revenues & Volume Share, By Process, 2021 & 2031F |
3.6 Bangladesh Zinc Oxide Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Bangladesh Zinc Oxide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Zinc Oxide Market Trends |
6 Bangladesh Zinc Oxide Market, By Types |
6.1 Bangladesh Zinc Oxide Market, By Process |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Zinc Oxide Market Revenues & Volume, By Process, 2021 - 2031F |
6.1.3 Bangladesh Zinc Oxide Market Revenues & Volume, By Indirect Process (French Process), 2021 - 2031F |
6.1.4 Bangladesh Zinc Oxide Market Revenues & Volume, By Direct Process (American Process), 2021 - 2031F |
6.1.5 Bangladesh Zinc Oxide Market Revenues & Volume, By Wet Process, 2021 - 2031F |
6.2 Bangladesh Zinc Oxide Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Zinc Oxide Market Revenues & Volume, By Rubber & Tyres, 2021 - 2031F |
6.2.3 Bangladesh Zinc Oxide Market Revenues & Volume, By Ceramics & Glass, 2021 - 2031F |
6.2.4 Bangladesh Zinc Oxide Market Revenues & Volume, By Pharmaceutical & Cosmetics, 2021 - 2031F |
6.2.5 Bangladesh Zinc Oxide Market Revenues & Volume, By Agriculture, 2021 - 2031F |
6.2.6 Bangladesh Zinc Oxide Market Revenues & Volume, By Paints & Coatings, 2021 - 2031F |
6.2.7 Bangladesh Zinc Oxide Market Revenues & Volume, By Others, 2021 - 2031F |
7 Bangladesh Zinc Oxide Market Import-Export Trade Statistics |
7.1 Bangladesh Zinc Oxide Market Export to Major Countries |
7.2 Bangladesh Zinc Oxide Market Imports from Major Countries |
8 Bangladesh Zinc Oxide Market Key Performance Indicators |
9 Bangladesh Zinc Oxide Market - Opportunity Assessment |
9.1 Bangladesh Zinc Oxide Market Opportunity Assessment, By Process, 2021 & 2031F |
9.2 Bangladesh Zinc Oxide Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Bangladesh Zinc Oxide Market - Competitive Landscape |
10.1 Bangladesh Zinc Oxide Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Zinc Oxide Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |