Overview and Scope
Zinc oxide is an inorganic compound that is found naturally as a mineral zincite. Zinc oxide is used as a white pigment as well as a bulking agent or filler.
Sizing and Forecast
The zinc oxide market size has grown strongly in recent years. It will grow from $4.63 billion in 2023 to $4.96 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to emerging economies demand, medical and pharmaceutical uses, focus on sustainable agriculture, regulatory compliance, global economic trends.
The zinc oxide market size is expected to see strong growth in the next few years. It will grow to $6.3 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rising demand in the electronics industry, expanding cosmetics industry, increased focus on sustainable practices, stringent environmental regulations, global economic recovery. Major trends in the forecast period include growing demand in end-use industries, advancements in nanotechnology, focus on sustainable and eco-friendly practices, emerging applications in sunscreen and cosmetics, global supply chain challenges.
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Segmentation & Regional Insights
The zinc oxide market covered in this report is segmented –
1) By Process: Indirect, Direct, Wet Chemical, Other Processes
2) By Grade: Standard, Chemical, Pharma, Food, Other Grades
3) By Application: Rubber, Ceramics, Chemicals, Cosmetics And Personal Care, Paints And Coatings, Pharmaceuticals, Agriculture, Other Applications
Asia-Pacific was the largest region in the zinc oxide market in 2023. The regions covered in the zinc oxide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing rubber manufacturing is expected to propel the growth of the zinc oxide market going forward. Rubber is an elastic substance, obtained by coagulating the milky juice of various tropical plants and is prepared as sheets and then dried. Zinc oxide acts as an activator for the vulcanization of rubber and helps in processing uncured or untouched rubbers. For instance, according to the Department of Statistics Malaysia Official Portal, a Malaysia-based government data provider, Malaysia’s natural rubber production increased by 17.7% in January 2022 as compared to December 2021. Therefore, increasing rubber manufacturing is driving the growth of the zinc oxide market.
Key Industry Players
Major companies operating in the zinc oxide market report are Zinc Oxide LLC, EverZinc, Rubamin Pvt. Limited, Grupo Promax, Weifang Longda Zinc Industry Co. Ltd., Yongchang zinc industry Co. Ltd., Zochem, Suraj Udyog, J G Chemicals Private Chemicals, Akrochem Corporation, Pan Continental Chemical, Lanxess AG, Upper India, Zinc Nacional S.A, L. Brüggemann KG, Silox SA, U.S. Zinc, H. Chemicals, GH Chemicals, Chemet, Mario Pilato Blat SA, Hindustan Zinc Limited, Altana AG, American Elements, Anhui Linghu Paint Co. Ltd., BASF SE, Croda, Grillo SpA, Hakusui Tech Co. Ltd., Hanil Chemical Industry Co. Ltd., Nanophase Technologies Corporation, Sakai Chemical Industry Co. Ltd., Sukgyung AT Co. Ltd., Sunjin Chemical, Taekyung SBC. Co. Ltd., Tata Chemicals Ltd., Tayca Corporation, ZM SILESIA SA
The zinc oxide market report table of contents includes:
1. Executive Summary
2. Zinc Oxide Market Characteristics
3. Zinc Oxide Market Trends And Strategies
4. Zinc Oxide Market – Macro Economic Scenario
5. Global Zinc Oxide Market Size and Growth
…..
32. Global Zinc Oxide Market Competitive Benchmarking
33. Global Zinc Oxide Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Zinc Oxide Market
35. Zinc Oxide Market Future Outlook and Potential Analysis
36. Appendix
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