Zinc oxide is an inorganic compound with the formula ZnO. ZnO is a white powder that is insoluble in water, and it is widely used as an additive in numerous materials and products including rubbers, plastics, ceramics, glass, cement etc. Zinc dross is obtained from the recovery of zinc. The zinc types may be recovered from galvanized sheets, batteries, car components, galvanizing processes, etc. The process for zinc oxide manufacture can be roughly divided into two types, the direct processes and the indirect processes. The direct methods use zinc ores as a source of zinc and the product is commonly referred to as American process. The indirect method use zinc metal as the raw materials and the product is known as French process.
Zinc oxide (ZnO) has a very good market and it is a growth oriented product and demand is over increasing in the country as well as abroad various industries consuming zinc oxide are in manufacturing, paint, paper, cosmetic, crockery, plastic, petroleum etc. The market size of zinc oxide in terms of value is projected to reach USD 4,184.5 million by 2020, and the global market size for zinc oxide is projected to register a CAGR of 6.0% between 2015 to 2020. As a whole there is a good scope for new entrepreneur to invest in this business.
Few Indian major players are as under
· Bharat Zinc Ltd.
· Ess Vee Alloys Pvt. Ltd.
· Hindustan Zinc Ltd.
· K A Wires Ltd.
· Lords Chemicals Ltd.
· Maha Chemicals Ltd.
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