North America 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 Country and Growth Forecast, 2023 - 2030

North America 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 Country and Growth Forecast, 2023 - 2030

The North America Zinc Oxide Market would witness market growth of 5.3% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 288.1 Kilo Tonnes, showcasing a growth of 4.6% (2019-2022).

Zinc oxide (ZnO) is a white inorganic compound used extensively in the pharmaceutical, chemical, rubber, and glass industries. Through the vulcanization process, zinc oxide is utilized to enhance the durability of rubber. With increasing tire production, the rubber industry consumes most of the produced zinc oxide. As a result of the significant demand from the automotive industry, the rubber industry is a dominant segment. Most segments favor the wet chemical process because it permits the production of zinc oxide with finer particle size and more active grades, allowing the end user to reduce the dosage of the application. Because of its slow settling rate and good dispersion, the zinc oxide produced by this technique is known as "Active zinc oxide."

The development of nano-sized zinc oxide particles has led to highly transparent and effective sunscreens that provide better protection against UV radiation without the thick, white appearance traditionally associated with zinc oxide sunscreens. Zinc oxide is being investigated for use in energy storage applications, including batteries and supercapacitors, due to its excellent electrical and electrochemical properties. Innovations in smart coatings incorporate zinc oxide to create self-cleaning and self-repairing surfaces, offering durability and low maintenance. Zinc oxide nanowires are being explored in flexible electronics, sensors, and nanodevices, offering promising advancements in the electronics sector.

The increased awareness of sun protection and the demand for natural, non-chemical sunscreens have driven the use of zinc oxide in the Canadian cosmetic industry. The cosmetic industry in Canada benefits from the formulation of products that cater to health-conscious consumers. Zinc oxide's skin-soothing and anti-inflammatory properties make it valuable in anti-aging products. The Canadian cosmetic industry offers a range of products designed to reduce the visible signs of aging while protecting the skin from UV damage. Zinc oxide is a key component of mineral makeup, known for its natural coverage and UV protection. The demand for mineral makeup is rising in Canada, driven by consumers seeking clean and skin-friendly cosmetics.

According to the International Trade Administration report updated in 2022, the Canadian cosmetics industry generated around USD 1.24 billion in revenue in 2021. It is anticipated that industry revenue will increase by 1.45% a year to USD 1.8 billion by 2024. Due to these aspects, the market will increase across the North America region in upcoming years.

The US market dominated the North America Zinc Oxide Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,027.6 million by 2030. The Canada market is experiencing a CAGR of 7.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.8% during (2023 - 2030).

Based on Process, the market is segmented into Indirect, Direct, Wet Chemical, and Others. Based on Application, the market is segmented into Automotive, Construction, Paints & Coatings, Cosmetics & Personal Care, Pharmaceuticals, Agriculture, and Others. Based on Form, the market is segmented into Powder, Pellets, and Liquid. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

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 Country (Volume, Kilo Tonnes, USD Million, 2019-2030)

• US
• Canada
• Mexico
• Rest of North America

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

Unique Offerings from KBV Research

• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free