Zinc Oxide Market by Process (Direct Process (American Process), Indirect Process (French Process), Wet-Chemical Process), Grade (Food and Chemical Codex (FCC) Grade, Standard Grade, Treated Grade), Application - Global Forecast 2024-2030

Zinc Oxide Market by Process (Direct Process (American Process), Indirect Process (French Process), Wet-Chemical Process), Grade (Food and Chemical Codex (FCC) Grade, Standard Grade, Treated Grade), Application - Global Forecast 2024-2030

The Zinc Oxide Market size was estimated at USD 4.07 billion in 2023 and expected to reach USD 4.52 billion in 2024, at a CAGR 11.25% to reach USD 8.58 billion by 2030.

Zinc oxide is an inorganic compound with a white, powdery substance that is insoluble in water but soluble in most acids. Zinc oxide is widely used in various industrial, pharmaceutical, and personal care applications due to its unique properties and ability to block ultraviolet (UV) light. Zinc oxide is an essential ingredient in products such as sunscreens, paints, coatings, and rubber goods and also plays a key role in semiconductor technology within the electronic industry. The elevated demand for zinc oxide in the rubber industry for the rubber vulcanization process and the need to minimize micronutrient deficiency in soils are propelling the expansion of the zinc oxide market. The market is shifting toward non-toxic and safe materials, which is expected to bolster demand for zinc oxide as an essential ingredient in several eco-friendly products. However, fluctuations in the raw material prices directly impact the market, affecting the cost of production for zinc oxide. Innovation and sustainability are key trends influencing market growth as companies invest in research and development to improve the eco-friendliness of products and processes. Notably, developments in nanotechnology have expanded the application of zinc oxide, potentially opening new avenues for market expansion.

Regional Insights

The zinc oxide market is experiencing robust growth across different regions, underpinned by diverse industrial demands. In the Americas, steady expansion is primarily attributed to its vital role in the rubber, chemical, and pharmaceutical industries, with the U.S. being a significant consumer due to zinc oxide's UV protection properties and its importance in tire and rubber production. South America, notably Brazil and Argentina, presents growth avenues influenced by industrial advancements and a regulatory focus on environmental sustainability, pushing the demand for eco-friendly and high-purity zinc oxide. Asia-Pacific is witnessing rapid growth driven by industrialization in China and India and burgeoning automotive, electronics, and pharmaceutical sectors. This region benefits from an ample supply of raw materials and key manufacturers, enhancing production efficiency and market reach, although facing potential regulatory hurdles related to emissions control. The EMEA area showcases a steady market expansion, propelled by stringent environmental and consumer safety standards in Europe, fostering innovation in high-quality, safe zinc oxide variants for cosmetics, pharmaceuticals, and agriculture, with the Middle East and Africa emerging as key markets due to their industrial and manufacturing sector growth.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Zinc Oxide Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Rising Demand from the Rubber & Tire Industry
• Increasing Usage in the Pharmaceuticals, Cosmetics, and Personal Care Industries
• Growing Demand for Zinc Oxide Nanoparticles

Market Restraints

• Side Effects of Zinc Oxide and Fluctuations in the Prices of Zinc

Market Opportunities

• Advancements in Zinc Oxide-Based Carbon Monoxide Sensors
• Emerging Adoption of Zinc-Oxide for New Spintronics Applications

Market Challenges

• Implementation of Rigid Regulations Related to the Utilization of Zinc Oxide

Market Segmentation Analysis

• Process: Significant implementation of a direct process for zinc oxide
• Application: Broadening application of zinc oxide in agriculture sector

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Zinc Oxide Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Zinc Oxide Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Nordmann and Uviva Technologies Enter Zinc Oxide Distribution Partnership for Natural Sun Care

Nordmann and Uviva Technologies entered a zinc oxide distribution partnership for natural sun care to bring innovative zinc oxide formulations tailored to the personal care sector. The commitment of Uviva alongside its partners is expected to unlock zinc's vast natural benefits across numerous product categories. This collaboration represents a significant step in evolving the personal care landscape by introducing innovative, zinc-powered products.

Zochem Acquires 40% Stake in Industrias Electro-Químicas of Peru

Zochem ULC, a subsidiary of Zinc Acquisition Holdings, acquired a 40% stake in Callao, which is a Peru-based Industrias Electro-Químicas (IEQSA), a significant player in the manufacturing of zinc products from Umicore S.A. The companies are keen to pool their talent for developing and producing zinc products for emerging green applications, such as inexpensive, environmentally friendly, biocompatible, energy-storage, and emergency backup batteries.

Nevada Zinc Partners with BelZinc to produce zinc oxide

Nevada Zinc partnered with BelZinc in a strategic partnership to enhance zinc oxide production capabilities. Under this agreement, BelZinc is expected to provide its proprietary zinc processing technology to Nevada Zinc, allowing for the production of high-grade zinc oxide from the Lone Mountain mine's non-sulphide zinc ore. The partnership aims to supply the market with superior-quality zinc while minimizing emissions during the smelting process. As compensation for the technology transfer, BelZinc is expected to acquire a 10.8% stake in Nevada Zinc, equivalent to 12 million shares.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Zinc Oxide Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Zinc Oxide Market, highlighting leading vendors and their innovative profiles. These include Advance ZincTek Limited, Akrochem Corporation, BASF SE, Befesa S.A., Everzinc Group SA, Global Chemical Co., Ltd., GRILLO-Werke AG, Hindustan Zinc Limited by Vedanta Group, INTERMEDIATE CHEMICALS CO. LTD., J. G. Chemicals Pvt. Ltd., Jiangsu ShenLong Zinc Industry Co., Ltd., L. Brügge­mann GmbH & Co. KG, Lanxess AG, Merck KGaA, MLA Group, Nahar Granites Pvt. Ltd., Neo Zinc Oxide Pvt Ltd., New Directions Australia Pty Ltd., Nordmann, Rassmann GmbH, Pan-Continental Chemical Co., Ltd., Rubamin Private Limited, Silox, S.A., Suraj Udyog, Tokyo Chemical Industry Co., Ltd., Upper India, Uttam Industries, Weifang Longda Zinc Industry Co., Ltd., ZINC OXIDE PTY LTD., and Zochem by Zinc Oxide LLC.

Market Segmentation & Coverage

This research report categorizes the Zinc Oxide Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Process
• Direct Process (American Process)
• Indirect Process (French Process)
• Wet-Chemical Process
• Grade
• Food and Chemical Codex (FCC) Grade
• Standard Grade
• Treated Grade
• United States Pharmacopeia (USP) Grade
• Application
• Agriculture
• Ceramics
• Chemicals
• Cosmetics and Personal Care
• Pharmaceuticals
• Rubber
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year