Middle East & Africa Zinc Oxide Market Size & Outlook
Middle East & Africa zinc oxide market, 2017-2030 (US$M)
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MEA zinc oxide market highlights
- The MEA zinc oxide market generated a revenue of USD 278.3 million in 2021.
- The market is expected to grow at a CAGR of 5.8% from 2022 to 2030.
- In terms of segment, indirect was the largest revenue generating process in 2021.
- Wet Chemical is the most lucrative process segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2022 to 2030.
MEA data book summary
| Market revenue in 2021 | USD 278.3 million |
| Market revenue in 2030 | USD 461.8 million |
| Growth rate | 5.8% (CAGR from 2021 to 2030) |
| Largest segment | Indirect |
| Fastest growing segment | Wet Chemical |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Indirect, Direct, Wet Chemical |
| Key market players worldwide | Lanxess AG, Toho Zinc Co Ltd, Tata Chemicals, AG Chemi Group, EverZinc, Zinc Nacional, Hakusui Tech Co, Rubamin, TP Polymer Pvt Ltd, Upper India, Zinc Oxide (Aust), Zochem |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.3% of the global zinc oxide market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,178.3 million by 2030.
Key Regions: U.S. , Brazil , South Africa , Iran , Canada
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Zinc Oxide Market Scope
Zinc Oxide Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa zinc oxide market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to zinc oxide market will help companies and investors design strategic landscapes.
Indirect was the largest segment with a revenue share of 82.03% in 2021. Horizon Databook has segmented the Middle East & Africa zinc oxide market based on indirect, direct, wet chemical covering the revenue growth of each sub-segment from 2017 to 2030.
Middle East & Africa is another region that is anticipated to witness considerable growth over the forecast period. This growth is attributed to the advancing automotive, agriculture, and construction industries in the region.
According to the International Trade Administration, in 2020, Saudi Arabia accounted for around 52% of the total vehicles sold in the Gulf Cooperation Council and around 35% in the Middle East/North Africa region.
Additionally, according to OICA, the production of automobiles in South Africa witnessed an increase of 11% accounting for 555,889 vehicles in 2022 as compared to 499,087 vehicles in 2021.
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Our clientele includes a mix of zinc oxide market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa zinc oxide market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa zinc oxide market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA zinc oxide market size, by country, 2017-2030 (US$M)
Middle East & Africa Zinc Oxide Market Outlook Share, 2021 & 2030 (US$M)
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