Zinc carbonate is used
in the cosmetic industry. It is used in a wide range of products, including
makeup, hair and skin care, bath products and shaving items. The zinc carbonate
market growth is thus driven by increasing focus on aesthetic appeal and launch
of various cosmetic products. According to a 2018 survey by GlobalData, around
three quarters of South Korean men undertake a beauty or grooming treatment at
least once a week.
Zinc carbonate is also
found in various personal care products such as bath products, makeup products,
personal cleanliness products, shaving products, oral care products and skin
and hair care products. The average annual
expenditure on personal care products is increasing in various countries, which
is expected to aid in growth of the zinc carbonate market.
The average annual expenditure on
personal care products in the U.S. increased from US$ 707 in 2016 to US$ 768 in
2018.
Zinc
carbonate is widely used in the chemical
fertilizer industry. It is used as a sulphur absorber in the petroleum and
chemical fertilizer industries. Increasing demand for food leads to surge in
demand for fertilizers. This in turn is expected to boost growth of the zinc
carbonate market. According to Food and Agriculture Organization, Asia Pacific needs
to increase their food production by up to 77% by 2050 to meet food demand of
increasing population.
In the construction
sector, zinc carbonate is used in asphalt production. Increase in number of
housing units is expected to aid in growth of the zinc carbonate market. According
to the U.S. Census Bureau, in February 2020, there were 1,464,000, building
permits, 1,599,000 housing starts, and 1,316,000, housing completions in
the U.S.
The zinc carbonate
market in the U.S. is also driven by high demand for laundry and dishwashing
products. According to a new survey conducted by Toluna, a consumer insights
company, and commissioned by Tide in December 2020, about two-thirds of the
people in the U.S. are concerned about stains this holiday season and over 40%
of the people in the U.S. foresee grease and oil as the biggest challenge in
preparation for their holiday meal. In fact, nearly 60% say that household
cleaning products, such as laundry detergent, will take up more room in their
shopping cart this year.
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