Zinc Oxide

Global Zinc Oxide Market to Reach US$8.9 Billion by 2030

The global market for Zinc Oxide estimated at US$6.1 Billion in the year 2024, is expected to reach US$8.9 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2024-2030. Indirect (French) Process, one of the segments analyzed in the report, is expected to record a 6.9% CAGR and reach US$3.9 Billion by the end of the analysis period. Growth in the Direct (American) Process segment is estimated at 6.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.6 Billion While China is Forecast to Grow at 9.9% CAGR

The Zinc Oxide market in the U.S. is estimated at US$1.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2030 trailing a CAGR of 9.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.0% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Global Zinc Oxide Market - Key Trends and Drivers Summarized

Zinc Oxide (ZnO) is an inorganic compound widely recognized for its diverse applications across various industries, including pharmaceuticals, cosmetics, rubber manufacturing, and electronics. The white, powdery mineral is recognized for its antibacterial, UV-protective, and catalytic properties. As global industries continue to evolve, the demand for zinc oxide is driven by its multifaceted utility and emerging trends that highlight its significance in technological and environmental advancements. One of the primary growth drivers for zinc oxide is its extensive use in the pharmaceutical and cosmetic sectors. In pharmaceuticals, zinc oxide is valued for its antiseptic and antibacterial properties, making it a key ingredient in ointments, creams, and lotions designed to treat skin conditions such as rashes, burns, and irritations. Additionally, the compound’s ability to block UVA and UVB rays has led to its widespread inclusion in sunscreens and other skincare products. As consumer awareness of skin health and protection increases, the demand for zinc oxide-based products is expected to grow, driving the market forward.

The rubber industry represents another significant growth market for zinc oxide. It is used as an essential additive in the production of rubber, where it acts as an activator during the vulcanization process. This process enhances the durability, elasticity, and heat resistance of rubber products, making zinc oxide crucial for manufacturing tires, hoses, belts, and other rubber goods. As the automotive and industrial sectors expand globally, demand for high-quality rubber products continues to rise, thereby boosting the need for zinc oxide. Innovations in the development of eco-friendly and high-performance rubber materials further amplify this demand.

Emerging uses in electronics and environmental protection underscore zinc oxide’s potential in advancing technology and sustainability. Zinc oxide’s role in electronics and environmental protection is becoming increasingly prominent. In electronics, ZnO is utilized in the production of varistors, which protect electrical circuits by regulating voltage. Its semiconductor properties make it a vital component in the development of transparent conductive oxides used in touch screens, LEDs, and solar cells. Furthermore, zinc oxide’s photocatalytic properties enable it to degrade organic pollutants, making it an effective agent in environmental cleanup efforts. The push for cleaner technologies and sustainable solutions is driving research and development in these areas, leading to innovative applications that leverage zinc oxide’s unique properties.

SCOPE OF STUDY:

The report analyzes the Zinc Oxide market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Process (Indirect (French) Process, Direct (American) Process, Wet Chemical Process, Other Processes); Application (Rubber, Ceramics, Chemicals, Cosmetics & Personal Care, Pharmaceuticals, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 11 Featured) -

• Akrochem Corporation
• American Zinc Recycling
• Arabian Zinc
• Brügge­Mann GmbH
• Everzinc
• Global Chemical Company Ltd.
• J.G. Chemicals
• Lanxess
• Nahar Zinc Oxide
• Norzinco

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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