Zinc Oxide Market, By Form (Pellets, Powder) By Process (Wet Chemical, Direct, Indirect, Others) By Application (Rubber, Chemical, Cosmetic, Pharmaceutical, and Others (Ceramics, Electronics and Agricultural) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Introduction:

Zinc Oxide Market accounted for US$ 6.8 billion in 2024 and is estimated to be US$ 8.9 billion by 2034 and is anticipated to register a CAGR of 2.90%.

It is an organic compound insoluble in water, also known as calamine or zinc white, found in the earth's crust in the form of the mineral zincite. It is used to treat or prevent minor skin irritations such as burns, cuts, and diaper rash. Sunscreens also contain small amounts of ZnO, which is completely photostable and water resistant, causing problems only when inhaled by the human bodyA very serious allergic reaction to ZnO is rare. It increases the chances of skin cancer. It has also been described that the longer zinc is exposed to sunlight, the more likely it is to damage human cells. It is also used in the treatment of fungal infections of the skin, such as tinea pedis (athlete's foot), tinea cruris (jock itch), or ringworm (tinia corporis). Recently, ZnO has been investigated as an antibacterial agent in microscale and nanoscale formulations. Zinc oxide is a largely inert, white compound that is widely used as a bulking agent or filler and as a white pigment, it is found in some rubber, glass and ceramic products, and is used as a catalyst in the chemical industry, Also used as a corrosion inhibitor and mildew control in paints. Antimicrobial Activity of Zinc Oxide Nanoparticles It is widely known that zinc oxide nanoparticles are antibacterial and inhibit the growth of microorganisms by penetrating the cell membrane. Rising consumption of premium skincare products in emerging economies due to rising disposable income is expected to drive the market growth.

 

                     Rising application in rubber production and fluctuating product prices

Increasing demand for rubber in tires, as well as non-tire applications is expected to drive the demand for zinc oxide. ZnO is an effective activator that increases the rate of rubber vulcanization. It offers effective gelation, high heat resistance and absorption of UV rays, these properties are increasing the demand for ZnO and driving the growth of the zinc oxide market. Moreover, it is also applied in paints, it supports stain blocking, corrosion prevention, mildew resistance, etc.  This is another factor boosting the ZnO market. However, limiting the use of zinc oxide as a feed additive to alleviate zinc deficiency in animals hinders the growth of the zinc oxide market, many companies have stopped using ZnO as a food additive due to its dangers. However, toxic nature of zinc oxide fumes causing fever, headache, chills and metallic taste in mouth and fluctuating product prices act as restraining factors for market growth.

Technological advancement

Manufacturers involved in the Bio-Polyamide market are developing advanced versions of their products due to new age technological advancements. Various techniques have been used to reduce those organic contaminants, and advanced heterogeneous photo catalysts involving zinc oxide photo catalysts appear to be one of the most promising technologies. The new nanotechnology is an emerging one, which can lead to a new revolution in every field of science, this technology is related to optics, electronics and biomedical and material science. Bio-polyamides are more profitable in major power systems and are creating more hairy technologies that have a positive impact on the bio-polyamide market. In May 2022, a novel technique for synthesizing and characterizing zinc oxide-based nanoparticles using papaya leaf extract was presented in a study presented in the journal Materials, Nanotechnology has grown dramatically in recent years due to its applications in healthcare, chemistry and biotechnology. Nanotechnology Developments in this field with the basic building blocks of nanoparticles have led to new perspectives in Nano science sensing.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Zinc Oxide Market is segmented based on Form, Process, Application and Region.

Form Insight

On the basis of Form, Zinc Oxide Market is segmented into Pellets, Powder. Powder application segment is expected to dominate the target market growth as Zinc Oxide powder is widely used across numerous industries due to its diverse range of applications. It is utilized in sectors such as rubber manufacturing, ceramics, glass production, paints and coatings, cosmetics, pharmaceuticals, and more.

Process Insights

On the basis of Process, Zinc Oxide Market is segmented into Wet Chemical, Direct, Indirect, Others. Indirect application segment is expected to dominate the target market growth as the indirect process is known for producing high-purity Zinc Oxide. It involves the thermal decomposition of zinc compounds, typically zinc carbonate or zinc hydroxide, at elevated temperatures.

Application Insights

On the basis of Process, Zinc Oxide Market is segmented into Wet Chemical, Direct, Indirect, Others. Indirect application segment is expected to dominate the target market growth as zinc oxide acts as an activator and vulcanization agent in the rubber curing process. It helps facilitate the cross-linking of polymer chains, enhancing the mechanical properties, durability, and heat resistance of rubber materials.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Zinc Oxide Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific recorded the highest revenue share with China, India and Southeast Asian countries being the major contributors. This is due to the inclination towards the application of ZnO in the automobile industry. In Europe, Germany accounts for the largest share of the ZnO market. Growth of ZnO for various products like hoses, belts, matting, flooring etc. increases the demand of zinc oxide in the region. North America is witnessing huge consumption of zinc in cosmetics and pharmaceutical industries.

Report Scope:

Attribute	Details
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Form - Pellets, Powder By Process - Wet Chemical, Direct, Indirect, Others By Application - Rubber, Chemical, Cosmetic, Pharmaceutical, and Others (Ceramics, Electronics and Agricultural)
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

 

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Zinc Oxide Market report based on application, and region:

Zinc Oxide Market, By Application:

• Rubber
• Chemical
• Cosmetic
• Pharmaceutical
• Others (Ceramics, Electronics and Agricultural)

Zinc Oxide Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

 

The key players operating the Zinc Oxide Market includes

1. Symrise AG is a german companyThe company has developed a zinc oxide-based mineral UV filter range of cosmetic ingredients for sale under its existing Neo Heliopan Sun portfolio, with two surface-treatment powders in the product range: Neo Heliopan Zno 40, which provides broad-spectrum UV Protection by focusing on increasing SPF and Neo Heliopan ZnO 300, which provides broad-spectrum UV protection by focusing on increasing UVA-PF.
2. Hakusuitech Co., Ltd. Manufactures and sells zinc oxide, zinc dust and ceramic raw materials. While the company sells its products primarily to the rubber, ceramics and paint manufacturing industries, the company also manufactures and sells high performance hardware and machine tools.
3. Bolidon Group is one of the world's largest zinc producers and has a strong position as a supplier manufacturer of galvanized sheet metal. In 2019, Bolidon produced 486 kilotonnes of zinc from its smelters at Kokkola and Odda.
4. Merck KGaA is a leading developer and manufacturer of personal care and cosmetic ingredients. Its Coloroma cosmetic pigment powders, made from iron or titanium oxide-coated mica, are available in a variety of brilliant colors.
5. Kobo Products Inc. Powder and Dispersion Specialists: Since 1987, Kobo has provided innovative, technology-based raw materials to the cosmetics industry. The product range includes surface treated pigments, microspheres, natural ingredients, effect pigments, boron nitride and delivery systems.
6. Mineral and Pigment Solutions Inc. A manufacturer and wholesaler of pigments and specialty chemicals, the company supplies industrial and specialty chemicals such as barium sulfate, hectorite, resins, iron oxide pigments, sericite, specialty chemicals, stearates, bentonite, surface treatment calcium.
7. TRI-K Industries Inc. It is a leading manufacturer of specialty ingredients, bringing innovative concepts and products to life for the cosmetics industry with an ISO 9001:2015 certified quality management system at our Protein Division manufacturing site located in Derry, NH.
8. Sunjin Chemical Co. Ltd. It is an animal feed manufacturing company. The company's products include feed for pigs, dairy cows, cattle, poultry and dogs, and the company also produces meat and processed meat.
9. Evonik Industries AG is one of the world's leading specialty chemicals companies, the company does not manufacture tires, mattresses, pharmaceuticals or animal feed but Evonik is a part of all those products and many more.
10. Korea Zinc Co., Ltd. Operating primarily as a general non-ferrous metal smelting company in South Korea, the company offers zinc slab ingots, alloy jumbo blocks, anode ingots and die cast ingots for use in galvanized steel, color steel/. Accessories, automotive parts and industrial batteries, wire sheaths, batteries, radiation shielding, rust-proofing paints, etc.

Recent Development:

• In August 2021, the Assam government informed that Korean company Sunjin India has shown interest in setting up a modern livestock feed plant in the state.
• In October 2022, zinc oxide nanoparticles have recently attracted significant attention as UV scatterers due to their ability to protect human skin from UV exposure. However, the acid resistance of ZnO nanoparticles is relatively low, which makes them decompose on human skin and cause many skin diseases.
• In February 2022, Zochem announced that it was expanding zinc oxide production capacity at its Dixon, TN, facility. The new furnace will add another 15,000 metric tons of capacity to the Middle Tennessee facility.

• Symrise AG*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Hakusuitech Co, Ltd.
• Boliden Group
• Merck KGaA
• Kobo Products Inc.
• Mineral and Pigment Solutions Inc.
• TRI-K Industries Inc.
• Sunjin Chemical Co. Ltd.
• Evonik Industries AG
• Korea Zinc Co., Ltd

“*” marked represents similar segmentation in other categories in the respective section

 

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
   • PORTER’s
   • Investment Outlook
3. Market Purview
   • Executive Summary
   • Key Findings—Global Outlook for Zinc Oxide Strategies
     • Key Questions this Study will Answer

     • • By Form - Pellets, Powder

         By Process - Wet Chemical, Direct, Indirect, Others

       • By Application (Rubber, Chemical, Cosmetic, Pharmaceutical, and Others (Ceramics, Electronics and Agricultural))

       • By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa)

   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Overview
   • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
   • Y-o-Y Growth Analysis (%), 2020 – 2030
   • Regional Trends
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Regional Analysis
   • Regional Revenue Analysis
   • Regional By segment Analysis
   • Reasons for regional growth
   • Key Player of particular region
   • Countries Include in the report:

1. • • North America (U.S., Canada)
     • Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
     • Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
     • Latin America (Brazil, Mexico, Rest of Latin America)
     • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)

1. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
   • Competitive Overview
   • Competitive Benchmarking
   • Market Share Analysis
   • Key Developments In The Global Zinc Oxide Market
   • Key Developments: Mergers & Acquisitions
   • Key Developments: Collaboration
   • Key Developments: Contracts & Agreements
   • Key Developments: Expansion
   • Key Developments: Product Developments
2. Company Profiles

• Company Overview
• Product Portfolio
• Key Highlights
• Financial Performance
• Business Strategies
• SWOT Analysis

• Key players in the global zinc oxide market includes, Symrise AG, Hakusuitech Co, Ltd., Boliden Group, Merck KGaA, Kobo Products Inc., Mineral and Pigment Solutions Inc., TRI-K Industries Inc., Sunjin Chemical Co. Ltd., Evonik Industries AG, and Korea Zinc Co., Ltd.

1. The Last Word
   • Future Impact
   • About Us
   • Contact