Global Zinc Oxide Market Size, Share & Industry Trends Analysis Report By Process (Indirect, Direct, Wet Chemical, and Others), By Application, By Form (Powder, Pellets, and Liquid), By Regional Outlook and Forecast, 2023 - 2030

Global Zinc Oxide Market Size, Share & Industry Trends Analysis Report By Process (Indirect, Direct, Wet Chemical, and Others), By Application, By Form (Powder, Pellets, and Liquid), By Regional Outlook and Forecast, 2023 - 2030

The Global Zinc Oxide Market size is expected to reach $7.7 billion by 2030, rising at a market growth of 5.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,841.7 Kilo Tonnes, experiencing a growth of 4.9% (2019-2022).

Zinc oxide offers wide-spectrum protection against UVA and UVB radiation and is a very effective UV filter. This is essential for sunscreen and sunblock products in the cosmetics and personal care segment, helping to prevent sunburn and skin damage. Thus, the Cosmetics & Personal Care segment generated $439.4 million revenue in the market in 2022. Zinc oxide offers a physical barrier against UV rays, as it reflects and scatters them. This is advantageous for consumers who prefer non-chemical, mineral-based sunscreens, which can be gentler on the skin and less likely to irritate. Zinc oxide has antibacterial and antiseptic properties, making it valuable in skincare products that treat acne and skin irritations. It can help soothe and heal blemishes and reduce inflammation. Some of the factors impacting the market are increasing demand in rubber and tire industry, growing construction and infrastructure development, and supply chain disruptions of zinc oxide.

The rubber industry relies on zinc oxide for vulcanization, a process that enhances the strength and durability of rubber products, including tires. As the automotive industry expands, the demand for high-quality tires has increased, increasing zinc oxide usage. It is used in the vulcanization process of rubber, a critical step in tire manufacturing. Vulcanization involves the addition of sulfur and zinc oxide to the rubber compound, which results in improved elasticity, strength, and wear resistance. These properties are essential for the safety and durability of tires. Additionally, increasing urbanization and the need for modern infrastructure have led to a surge in construction projects such as roads, bridges, buildings, and public facilities. These projects often require zinc oxide-based coatings to ensure the longevity of structures in harsh environmental conditions. Zinc oxide is used in architectural glass to enhance transparency, brightness, and UV protection. As the construction of skyscrapers and modern architectural designs becomes more prevalent, the demand for specialized glass products that incorporate zinc oxide has increased. The residential construction sector is a major consumer of coatings and paints that contain zinc oxide. As the housing industry grows, so does the demand for zinc oxide-based products.

However, the market can be sensitive to supply chain disruptions. Factors like mine closures, transportation issues, or geopolitical tensions can affect the availability of zinc ore, which is a primary raw material for zinc oxide production. Zinc oxide is primarily produced from zinc ore. Any disruption in the supply of zinc ore, whether due to mine closures, labor strikes, geopolitical tensions, or logistical challenges, can lead to shortages and drive-up raw material prices. This, in turn, affects the cost of zinc oxide production and can limit its availability in the market. Supply chain disruptions can cause zinc oxide manufacturing facilities to experience production delays. These delays can result from issues related to the procurement of raw materials, transportation bottlenecks, or labor shortages. Such delays can hinder the timely delivery of zinc oxide to customers.

Form Outlook

By form, the market is categorized into powder, pellets, and liquid. The liquid segment covered a considerable revenue share in the market in 2022. Zinc oxide, in its liquid or nanoparticle form, is incorporated into sunscreens, lotions, and skincare products. Liquid sunscreens with zinc oxide offer enhanced spreadability, transparency, and ease of application. They provide effective UV protection while maintaining a lightweight, non-greasy feel, meeting the demands of modern consumers for comfort and protection. Liquid zinc oxide is used in cosmetics, including liquid foundations, BB creams, and concealers. It offers a smooth texture, good coverage, and UV protection. Liquid makeup products with zinc oxide provide a natural look and are favored by consumers seeking cosmetic enhancement and sun protection.

Process Outlook

Based on process, the market is classified into indirect, direct, wet chemical, and others. The wet chemical segment acquired a substantial revenue share in the market in 2022. Wet chemical methods allow for precise control of particle size and morphology of zinc oxide particles. This is important for applications in cosmetics, sunscreens, and nanotechnology, where specific particle sizes are required for optimal performance. Wet chemical methods are widely used in the synthesis of zinc oxide nanoparticles. These nanoparticles find applications in electronics, optics, and nanomedicine due to their unique properties and small particle size. Wet chemical methods produce zinc oxide for cosmetics and personal care products.

Application Outlook

On the basis of application, the market is divided into automotive, construction, cosmetics & personal care, paints & coatings, pharmaceuticals, agriculture, and others. The construction segment garnered a significant revenue share in the market in 2022. Zinc oxide is used in architectural coatings for exterior surfaces, such as walls and roofs. These coatings provide UV resistance, corrosion protection, and weatherproofing, ensuring the longevity and appearance of buildings in diverse environmental conditions. Zinc oxide is employed in sun-blocking coatings for windows and glass facades. This enhances energy efficiency and provides UV protection while maintaining transparency and brightness in modern architectural designs. Zinc oxide is used in energy-efficient coatings and insulating materials for buildings. These coatings help reduce heat transfer, enhancing the energy efficiency of structures and supporting green building certifications.

Regional Outlook

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region led the market by generating the highest revenue share. Asia Pacific is experiencing rapid industrialization and urbanization, leading to increased construction and infrastructure development. The automotive and manufacturing sectors in countries like China, Japan, and South Korea are major consumers of zinc oxide. Asia Pacific is a hub for technological innovation, particularly in electronics and nanotechnology. The region's growing middle class with increasing disposable income is driving demand for personal care, cosmetics, and healthcare products that contain zinc oxide.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include CCL Industries, Inc., Lanxess AG, Tata Chemicals Ltd. (Tata Group), Zochem inc., Toho Zinc Co., Ltd., Pan-Continental Chemical Co., Ltd., Ace Chemie Zynk Energy Limited, AG CHEMI GROUP s.r.o., HAKUSUI TECH CO., LTD., and Mario Pilato Blat SA.

Scope of the Study

Market Segments covered in the Report:

By Process (Volume, Kilo Tonnes, USD Million, 2019-2030)

• Indirect
• Direct
• Wet Chemical
• Others

By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)

• Automotive
• Construction
• Paints & Coatings
• Cosmetics & Personal Care
• Pharmaceuticals
• Agriculture
• Others

By Form (Volume, Kilo Tonnes, USD Million, 2019-2030)

• Powder
• Pellets
• Liquid

By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• CCL Industries, Inc.
• Lanxess AG
• Tata Chemicals Ltd. (Tata Group)
• Zochem inc.
• Toho Zinc Co., Ltd.
• Pan-Continental Chemical Co., Ltd.
• Ace Chemie Zynk Energy Limited
• AG CHEMI GROUP s.r.o.
• HAKUSUI TECH CO., LTD.
• Mario Pilato Blat SA

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