So, you are thinking about trying a new type of business? If that is so, why don’t you try to be a zinc oxide supplier? Here are several reasons why a supplier of zinc oxide products is one of the most profitable and promising businesses these days.

High Demand

Zinc oxide supplier is one of the products with the highest demand these days. It is all because many industries need and use this material as part of their manufacturing process. Some of them even use it as a main ingredient or core of their production.

For example, the rubber industry uses zinc oxide to add more durability and flexibility to the rubber product. The ceramic industry is no different. Zinc oxide helps to reduce melting temperature and energy requirements.

Also, do not forget about agriculture, beauty products, and the pharmaceutical industry. They need zinc oxide a lot as one of the core ingredients for manufacturing. Therefore, your role as a zinc oxide supplierwill be more crucial today.

Huge Global Market Size

According to the latest data, the zinc oxide global market size was at USD 5.2 billion in 2022. You will have many opportunities waiting for you with that market size.

Of course, you also should have a reliable supplier of the zinc oxide product you are selling or building a factory. That will save more budgets and maximize your profit. 

Many zinc oxide suppliers also have a factory to supply their business. It is the best method to survive and compete, especially when facing high demand.

The global market size is predicted to grow even bigger in the next few years. According to the study, experts predict that the zinc oxide global market will grow along with the Compound Annual Growth Rate (CAGR). The growth rate is 5.7% per year, starting from 2023 to 2030.

Profitable Exported Product

Zinc oxide is a hot trend these days, with many countries needing it to support their national business growth. Australia, Japan, China, Thailand, Vietnam, Taiwan, and South Korea are a few examples of countries that become the hottest destinations for zinc oxide export. If you can reach and create a network in one or more countries, you will get more profit than you ever imagined.

Conclusion

To summarize, zinc oxide is one of the best products you can try for a new business. Therefore, you can always try to be a zinc oxide supplieror have a factory. You will get more profit with proper business management.