Zinc Oxide Market Size, Share, 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

Zinc Oxide Market Size was valued at US$ 6.8 billion in 2024 and is projected to grow at a CAGR of 2.9% to reach US$ 8.9 billion by 2034.

Zinc Oxide is an organic compound insoluble in water, also known as calamine or zinc white, found in the earth's crust as the mineral zincate. It treats or prevents minor skin irritations such as burns, cuts, and diaper rash. Sunscreens also contain small amounts of ZnO, which is completely photos table and water resistant, causing problems only when inhaled by the human body. Very serious allergic reactions to ZnO are 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 tinia pedis (athlete's foot), tinea cruris (jock itch), or ringworm (tinia corporis).

Recently, ZnO has been investigated as an antibacterial agent in micro scale and Nano scale formulations. Zinc oxide is an essentially 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 increasing disposable income is expected to drive market growth. However, limiting the use of zinc oxide as a feed additive to alleviate zinc deficiency in animals hinders the development of the zinc oxide market; many companies have stopped using ZnO as a food additive due to its dangers. However, the toxic nature of zinc oxide fumes causing fever, headache, chills, and a metallic taste in the mouth, and fluctuating product prices act as restraining factors for market growth.

Key Drivers of Market:

Technological advancement 

• Due to technological advancements in the new age, manufacturers involved in the Bio-Polyamide market are developing advanced versions of their products. Various techniques have been used to reduce those organic contaminants, and advanced heterogeneous photocatalysts involving zinc oxide photocatalysts are one of the most promising technologies.
• 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, along with the basic building blocks of nanoparticles, have led to new perspectives in nanoscience sensing.

Rising application in rubber production  

• The increasing demand for rubber in tires and 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 UV ray absorption. These properties are increasing the demand for ZnO and driving the growth of the zinc oxide market.

Restrains:

Adverse effects of zinc oxide on health

• On the other hand, the hazardous properties of zinc oxide fumes are expected to impede the development of the market under study. Metal fume fever is a flu-like ailment characterized by fever, chills, headaches, and a metallic taste in the mouth. Such factors would impede the market for zinc and limit zinc output.

Opportunities:

• In the near future, new opportunities will arise due to the growing application of zinc oxide in the cosmetics and pharmaceutical industries. There is a greater chance of supporting market expansion due to factors such as the ever increasing auto sector and rising consumer spending on personal care products. Zinc oxide nanoparticles are expected to present profitable prospects over the projected time due to their low toxicity and good biocompatibility. As a key component of antibacterial and anticancer applications, the nanoparticles are anticipated to combine.

The market is segmented based on form, process, application, and region.

Form Insights

• Pellets: Zinc of the highest purity and grade is used to make ZnO pellets. In terms of their magnitude, they are somewhere between the half-ball and the dome.
• Powder: The powder application segment is expected to dominate the target market growth. Zinc Oxide powder is widely used across numerous industries due to its diverse range of applications. It is utilized in rubber manufacturing, ceramics, glass production, paints and coatings, cosmetics, pharmaceuticals, and more.

Process Insights

• Wet Chemical: Wet chemical procedures, which begin with aqueous solutions of zinc salts and precipitate zinc carbonate or zinc hydroxide, are used in a little portion of industrial output. After that, the solid precipitate is calcined at approximately 800 °C.
• Direct: Industry participants are less in favor of the direct approach, which uses raw materials, including oxidized zinc, as feedstock. In this procedure, zinc is first produced by heating zinc ore to reduce its concentration, and then zinc is oxidized in a manner akin to the indirect process.
• Indirect: The indirect process segment is expected to dominate the target market growth. This 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.
• Others: Spray pyrolysis, hydrometallurgical, mechanochemical, and chemical synthesis methods are a few more procedures employed in the manufacturing of items. In the spray pyrolysis process, a solution of thermally decomposable salt containing zinc is utilized.

Application Insights

• Rubber: The rubber application sector is leading the market with the highest CAGR throughout the projection period. A vital component in the rubber business is zinc oxide. Zinc oxide (ZnO) is a chemical that is widely used as a vulcanization activator in the rubber industry because of its outstanding properties. Zinc oxide thus increases the strength, improves the rubber compositions' resistance to heat and abrasion, and aids in delaying UV deterioration.
• Chemical: Zinc oxide (ZnO) is used in numerous chemical industries as an absorbent substance, a catalyst in some processes, and a precursor for many other compounds.
• Cosmetic: With its broad range of UV absorption properties, zinc oxide finds widespread application in the personal care and cosmetics industries. It is contained in a variety of cosmetic items, such as face powders, hand and lotion creams, ointments, foundations, moisturizers, and lip treatments.
• Pharmaceutical: The demand for zinc oxide in the pharmaceutical industry, which includes items like medications and skin care lotions, is rising. This is driving up zinc oxide prices globally.
• Others (Ceramics, Electronics, and Agricultural): The other category includes the uses of zinc oxide in ceramics, electronics, and the agricultural industry. In ceramics, zinc oxide primarily serves to lower the melting point, save energy and equipment needs, and enhance the color intensity of color glazes. Because of its superior electrical characteristics and optical transparency, zinc oxide is a chemical with extensive semiconductor applications.

Regional Insights

• North America: market is estimated to witness tremendous growth due to huge consumption of zinc in cosmetics and pharmaceutical industries due to its capacity to shield the skin from UV rays, prevent sunburn, and delay the skin's aging process.
• Asia Pacific: market 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. Furthermore, because of ZnO's anti-inflammatory, antibacterial, drying, and UV protection qualities, the expanding pharmaceutical sector is projected to fuel demand for the mineral.
• Europe: market is expanding steadily, and Germany accounts for the largest share of the ZnO market. The growth of ZnO for various products like hoses, belts, matting, flooring, etc., increases the demand for zinc oxide in the region.
• Latin America: market is an emerging region with an expanding landscape for the given compound, driven by the rising needs of the chemical and rubber industries.
• Middle East & Africa: market is in its developmental stages with room for further expansion as a result of expanding infrastructure and increased industrial production.

Zinc Oxide Market Report Scope:

Attribute	Details
Market Size 2024	US$ 6.8 billion
Projected Market Size 2034	US$ 8.9 billion
CAGR Growth Rate	2.9%
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 segmented the Zinc Oxide Market report based on form, process, application, and region:

Segmentation:

By Form:

• Pellets
• Powder

By Process:

• Wet Chemical
• Direct
• Indirect
• Others

By Application:

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

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 include 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.

• In August 2023, Nevada Zinc partnered with BelZinc, a well-known producer of zinc oxide, to increase its production capacity. With BelZinc's experience and cutting-edge facilities, Nevada Zinc will be able to address the increasing demand for zinc oxide—an essential element used in many industries—by producing high-quality zinc oxide owing to this agreement.
• 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.
• In October 2022, zinc oxide nanoparticles attracted significant attention as UV scatterers due to their ability to protect human skin from UV exposure. However, their relatively low acid resistance makes them decompose on human skin and cause many skin diseases.
• In August 2021, the Assam government informed the Korean company Sunjin India that it has shown interest in setting up a modern livestock feed plant in the state.

• 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

1. 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
2. Market Preview
   • 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
3. 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$ Bn), and Share Analysis (%), 2024 – 2034
   • Y-o-Y Growth Analysis (%), 2024 – 2034
   • Regional Trends
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
4. Regional Analysis
   • Regional Revenue Analysis
   • Regional By segment Analysis
   • Reasons for regional growth
   • Key Player of particular region
   • Countries Include in the report:
     • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)
     • Latin America (Brazil, Mexico, Rest of Latin America)
     • Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
     • Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
     • North America (U.S., Canada)
5. 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
6. 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.

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