Zinc Eugenol Market Expected to A CAGR of 5.3% by 2032 and Key Insights, Profiling Companies and Growth Strategies
Market Overview: The global zinc eugenol market reached a size of USD 6.4 billion in 2022 and is projected to reach USD 9.3 billion by 2032, with a compounded annual growth rate (CAGR) of 5.3% during the forecast period. Key drivers for this market growth include the increasing incidence of dental cavities and other oral health issues, as well as the growing demand for dental restorative materials.
Zinc eugenol, known for its strong bonding capabilities, ease of use, and durability, is a widely used substance in dental restorations. The market's growth is expected to be driven by the rising demand for dental restorative materials due to the aforementioned oral health issues. Additionally, the market is expected to benefit from the environmentally friendly nature of zinc eugenol, which is biodegradable and poses no harm to the environment, aligning with strict government regulations addressing environmental concerns.
However, the zinc eugenol market faces challenges such as the availability of cheaper alternatives, manufacturing complexities, and limited applicability in certain sectors.
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Product Categories: The zinc eugenol market is categorized into two primary product segments: powder and liquid. In 2022, the powder category dominated the market due to its widespread use in dentistry for tasks like cementing crowns and bridges, interim restorations, and cavity lining. The powder form is favored for its simplicity in mixing with water and applying to the required area. Additionally, it possesses antibacterial and antifungal properties, making it an excellent choice for dental restorations.
The liquid segment is expected to witness the fastest revenue CAGR during the forecast period. It is mainly employed in creating precise dental impressions for prosthodontic and orthodontic procedures. Liquid zinc eugenol is also used as a temporary filling for teeth undergoing root canal therapy, known for its ability to flow easily and conform to cavity contours, ensuring precise impressions.
Application Categories: Zinc eugenol's applications in the dental sector are diverse and include surgical dressings, periodontal dressings, dental restorations, luting cement, and others. Dental restorations accounted for the largest revenue share in 2022, with zinc eugenol being utilized as a temporary restorative material for procedures like crowns and bridges, thanks to its strong adhesive properties and ease of application.
Luting cement, another vital application, utilizes zinc eugenol for attaching dental restorations to tooth structures, benefiting from its superior adhesion, biocompatibility, and ease of application. Periodontal dressings, made with zinc eugenol, are favored for their antibacterial and anti-inflammatory properties, reducing infection risks and accelerating healing after periodontal surgery.
Surgical dressings made from zinc eugenol protect surgical wounds and promote wound healing due to their antibacterial qualities. Lastly, zinc eugenol finds various other uses in the dental sector, including impression materials for dental prostheses, temporary fillings for root canal therapy, and cavity linings.
Regional Insights: The Asia Pacific region is poised to dominate the zinc eugenol market during the forecast period, primarily due to the increasing demand for dental restorative materials in developing countries like China and India. Factors contributing to this growth include rising disposable income, population growth, and increased dental health awareness. Affordable and high-quality dental materials also play a pivotal role in promoting market expansion.
North America's zinc eugenol market is expected to experience significant growth, driven by advanced dental restorative materials adoption, a growing elderly population, and an increasing number of dental procedures. The presence of major market players, substantial investments in R&D, and technological advancements further bolster market expansion.
Europe is anticipated to witness moderate market growth, attributed to rising dental issues, an expanding dental tourism industry, and the adoption of advanced dental procedures. These factors are expected to fuel the demand for dental restorative materials like zinc eugenol.
Competitive Landscape: The global zinc eugenol market exhibits fragmentation, with a few major players and several small to medium-sized companies contributing to the majority of market revenue. Intense competition drives key market players to employ strategies like mergers & acquisitions, product innovation, and partnerships to maintain their market positions. Some prominent companies in the market include:
1. DENTSPLY SIRONA Inc.
2. Kerr Corporation
3. Henry Schein Inc.
4. 3M Company
5. DMG Chemisch-Pharmazeutische Fabrik GmbH
Strategic Developments:
- In 2021, DENTSPLY SIRONA Inc. acquired Byte, a dental technology company, to strengthen its position in the clear aligner market and expand its digital dentistry portfolio.
- Kerr Corporation introduced TempBond™ Universal, a dental cement formulated with zinc oxide and eugenol in 2020, designed for temporary cementation of provisional restorations.
- Henry Schein Inc. partnered with GuardLab® in 2020, a company specializing in custom mouthguards, to enhance patient care and satisfaction.
- In 2019, 3M Company launched RelyX™ Luting Plus Cement, a resin-modified glass ionomer cement formulated with zinc oxide and eugenol for the permanent cementation of dental restorations.
- DMG Chemisch-Pharmazeutische Fabrik GmbH introduced LuxaCrown™ in 2019, a temporary crown and bridge material formulated with zinc oxide and eugenol, offering high-quality esthetics and durability for up to six months.
Market Segmentation: The report segments the global zinc eugenol market based on product type, application, and region, providing valuable insights into its various dimensions:
- Product Type Outlook:
- Powder
- Liquid
- Application Outlook:
- Dental Restorations
- Luting Cement
- Periodontal Dressings
- Surgical Dressings
- Others
- Regional Scope:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
The report offers extensive coverage, including revenue forecasts, company rankings, competitive landscapes, growth factors, and trends. Additionally, it provides detailed segments by product type, application, and region. Customization options and expert consultation are also available for further insights and tailored information.
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