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Zinc Omadine Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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COVID-19
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Zinc odamine, which is also known as zinc pyrithione is a coordination complex of zinc. This inorganic complex possesses antibacterial and antifungal properties. Due to these excellent properties, zinc omadine is extensively used as bactericides and fungicides in different industries such as food and beverages, paints and coatings, construction, textile and others. Zinc odamine is also used in numerous personal care products especially hair and skin care products to treat problems like dandruff, dry skin, dermatitis and others.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Type, Application, Industry Vertical, and Region |
Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa (Saudi Arabia, UAE, Kuwait, South Africa, and Rest of MEA) |
Companies covered | Lonza, Kumar Organic Products Limited, Vivimed, Kolon Life Science, SANITIZED AG, Salicylates and Chemicals, Chugoku Kogyo, Shivam Industries, Zhejiang Regen Chemical and BinhaiMinghong Fine Chemical. |
COVID-19 scenario analysis:
The outbreak of the COVID-19 pandemic has caused severe effects on the global zinc odamine market.
- Amidst the pandemic, the construction and paints & coatings industries have hit the rock bottom due to the economic slowdown which was caused due to the outbreak if the global pandemic. As a result the demand for zinc omadine in the aforementioned industries decreased steeply, thereby affecting the market.
- With the downfall of the economy, there was also a reduction of disposable income among the consumers which led to a decrease in demand for personal care products in the market. This has also affected the zinc omadine market as the zinc complex has a wide array of applications in different personal care products.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The major factors that fuel the growth of the growth of the global zinc omadine market rapid are increasing use of antibacterial and antifungal agents all over the world. Zinc omadine is regulated by the Food and Drug Administration (FDA) and is used to treat skin problems like psoriasis, seborrheic dermatitis and also to control dandruff. Moreover, it is widely used as a preservative in the food and beverage industry and also applied on other commodities such as carpets, mats, non-leather materials, foam stuffing and other materials to restrict the fungal growth and prevent stains and odors. Owing to its low solubility in water, zinc omadine is used in external paints and coatings for buildings as antimicrobial agents. It is also unaffected by UV radiation and thus have a long lifespan when exposed to direct sunlight. However, the stringent regulations imposed on the usage of zinc odamine due to its adverse effects on health such has effects on the DNA of the skin cells on exposure to zinc omadine of higher concentration might restrain the growth of the market. Nonetheless, having superior properties than its alternative products like tri-butyl-tin, the demand for zinc omadine is expected to grow in the market in the forecasted period.
The Asia-Pacific region holds a major share of the global zinc omadine market owing to the rapid developments in the construction industry and the huge market for the personal care industry in the emerging economies of the region. The market in the North America region is also expected to grow at a significant pace with the growing demand for antimicrobial coatings in different industries in the region.
Key segments covered:
Segments | Sub-segments |
Type | • Powder Zinc Omadine • Liquid Zinc Omadine |
Application | • Medicine • Preservatives • Antibacterial Agent • Others |
Industry Vertical | • Paints & Coatings • Construction • Personal Care • Pharmaceuticals • Food & Beverage • Others |
Key benefits of the report:
- This study presents the analytical depiction of the global zinc omadine industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global zinc omadine market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global zinc omadine market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global zinc omadine market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Zinc Omadine Market research report:
- What are the leading market players active in the zinc omadine market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
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