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 - Trends, Analysis and Forecast till 2034

Report Code: PMI74519 | Publish Date: May 2024 | No. of Pages: 168

Zinc Oxide Market Size

The market for zinc oxide was valued at US$6.8 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 2.90% to reach US$8.9 billion by 2034.

Zinc white, also called calamine, is an insoluble organic chemical in the earth's crust, such as zincite. To treat or prevent it, it is applied to minor skin irritations, including diaper rash, wounds, and burns. Small amounts of ZnO, which is entirely photostable and water resistant and only causes issues when inhaled by humans, are also present in sunscreens. Rarely does ZnO cause a severe allergic reaction. It raises the risk of developing skin cancer. Additionally, it has been noted that zinc is more likely to harm human cells the longer it is exposed to sunlight.

Moreover, it is employed in the management of fungal skin infections, including tinea pedis (athlete's foot) and tinea cruris (tinia corporis), or ringworm (jock itch). ZnO has recently been studied as an antibacterial agent in microscale and nanoscale formulations. The white, mostly inert compound zinc oxide is used as a white pigment, filler, and bulking agent. It is also employed as a catalyst in the chemical industry, as well as a corrosion inhibitor and mildew inhibitor in paints. Zinc oxide can be found in various rubber, glass, and ceramic products. Zinc Oxide Nanoparticles' Antimicrobial Properties The antibacterial properties of zinc oxide nanoparticles, which stop germs from growing by penetrating cell membranes, are well recognized. The expansion of the market is anticipated to be driven by increased disposable income and rising consumption of high-end skincare products in emerging nations.