Zinc Oxide Market Share, Size, Trends, Industry Analysis Report, By Form (Powder, Pellets), By Process (Indirect, Direct, Wet Chemical, Others), By Application, By Region, And Segment Forecasts, 2023 - 2032

Zinc Oxide Market Share, Size, Trends, Industry Analysis Report, By Form (Powder, Pellets), By Process (Indirect, Direct, Wet Chemical, Others), By Application, By Region, And Segment Forecasts, 2023 - 2032

The global zinc oxide market size is expected to reach USD 7,924.04million by 2032, according to a new study by Polaris Market Research. The report “Zinc Oxide Market Share, Size, Trends, Industry Analysis Report, By Form (Powder, Pellets), By Process (Indirect, Direct, Wet Chemical, Others), By Application, By Region, And Segment Forecasts, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market for zinc oxide is growing due to its increasing use in various industries, such as cosmetics, pharmaceuticals, rubber, coatings, and tires. These industries rely on zinc oxide for its unique properties and benefits in their respective applications. While there are other methods of producing zinc oxide, the indirect or French process is still the most commonly used in the industry. Zinc oxide is also used as a curing agent for elastomers that contain halogen, which are commonly used in gaskets, seals, and other rubber components that require resistance to harsh conditions. Additionally, zinc oxide improves the thermal conductivity of rubber, preventing excessive heat buildup and improving their overall performance and resistance to thermal degradation.

Zinc oxide is a useful active ingredient in products designed to treat acne due to its beneficial properties. Its antimicrobial properties effectively fight the bacteria that cause acne breakouts while promoting wound healing by creating a protective barrier on the skin. Additionally, zinc oxide can treat fungal infections, such as athlete's foot, by inhibiting the growth of fungi responsible for such infections. Companies like Zochem are increasing their production capacities to meet the growing demand for zinc oxide, allowing them to expand their product offerings and strengthen their market position.

Zinc Oxide Market Report Highlights

Chemical segment registered steady growth rate, owing to its inertness, insolubility, and low oil absorption rate

Oil & gas segment garnered largest share, owing to rise in drilling activities in Middle East, and other emerging nations

North America region dominated the global market with largest share in 2022, due to the presence of multi-national companies, and its technical prowess

The global key market players include VGL Group, Art.com, Uprise Art, Saatchi Art, Society6, Minted, Artsy, 1stdibs.com, Artnet Worldwide, and Artspace.

Polaris Market Research has segmented the zinc oxide market report based on form, process, application, and region:

Zinc Oxide, Form Outlook (Revenue - USD Million, 2023 - 2032)

Powder

Pellets

Liquid

Zinc Oxide, Process Outlook (Revenue - USD Million, 2023 - 2032)

Indirect

Direct

Wet Chemical

Others

Zinc Oxide, Application Outlook (Revenue - USD Million, 2023 - 2032)

Automotive

Construction

Cosmetics and Personal Care

Paints & Coatings

Pharmaceuticals

Agriculture

Others

Zinc Oxide, Regional Outlook (Revenue - USD Million, 2023 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa