Global Zinc Oxide Market is valued at approximately USD 5.51 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.70% over the forecast period 2024-2032. Zinc oxide (ZnO) is an inorganic compound that appears as a white powder, insoluble in water. It is used in a variety of applications due to its unique properties, including its ability to act as a semiconductor, its antimicrobial properties, and its effectiveness as a UV filter. One of the most common applications of zinc oxide is in creams, ointments, and lotions that protect human skin from sunburn and harmful UV rays. Zinc oxide is also used to treat a variety of skin disorders, including anti-dandruff shampoos, calamine creams, anti-septic ointments, infant care powder and diaper rash barrier creams. Zinc oxide is widely used in the personal and cosmetics industries due to its high refractive index, antimicrobial capabilities, UV protection, and thermal conductivity. Also, there is a growing emphasis on eco-friendly and sustainable products. Zinc oxide is being explored for its potential in green chemistry applications and as a non-toxic alternative to other materials. This trend is likely to support the Global Zinc Oxide Market as industries move towards sustainable practices.
Moreover, Zinc oxide's properties as a UV blocker make it a crucial ingredient in sunscreens and various skincare products. The increasing awareness of skin protection and the demand for cosmetic products with UV protection are fueling market growth. Also, in pharmaceuticals, Zinc Oxide is used for its antiseptic and antibacterial properties, finding applications in ointments, creams, and other medicinal products. Additionally, Zinc oxide is widely used as a vulcanization activator in the rubber industry, particularly for manufacturing tires. The increasing production of automobiles and demand for high-performance tires is boosting the need for Zinc Oxide. However, fluctuations in zinc prices and a prohibition on the use of zinc oxide in several applications are likely to stifle Global Zinc Oxide Market expansion during the projection period 2024-2032.
The key regions considered for the Global Zinc Oxide Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Asia Pacific was the largest regional market in terms of revenue. Zinc oxide is extensively used in the rubber industry as a vulcanizing agent. The expanding automotive industry in countries such as China and India drive the demand for rubber tires, subsequently boosting the need for zinc oxide. Also, the construction boom in emerging economies within the Asia-Pacific region has increased the demand for paints, coatings, and ceramics, all of which utilize zinc oxide for its protective and strengthening properties. Whereas, North America is expected to grow with the highest CAGR during the forecast period 2024-2032.
Major market player included in this report are:
- Cosmo Zincox Industries (India)
- UCA LANKA PVT. LTD. (Sri Lanka)
- Rubamin Pvt. Ltd (India)
- Pan-Continental Chemical Co., Ltd. (Taiwan)
- Hemadri Chemicals (India)
- Zochem Inc (U.S.)
- LANXESS (Germany)
- EverZinc (Belgium)
- Parchem (U.S.)
- Brugge-mann (Germany)
The detailed segments and sub-segment of the market are explained below:
By Process
- French / Indirect Process
- American / Direct Process
- Wet Process
- Others
By Grade
- Standard / Technical / Feed
- Chemical/Treated
- Pharma/USP/BP
- Food/FCC
- Others
By Application
- Rubber
- Ceramic
- Chemical
- Agriculture
- Paints & Coatings
- Cosmetics & Pharmaceuticals
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Zinc Oxide Market Definition and Research Assumptions
- 1.1. Research Objective
- 1.2. Market Definition
- 1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
- 1.3.3.1. Availability
- 1.3.3.2. Infrastructure
- 1.3.3.3. Regulatory Environment
- 1.3.3.4. Market Competition
- 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
- 1.3.4.1. Regulatory frameworks
- 1.3.4.2. Technological Advancements
- 1.3.4.3. Environmental Considerations
- 1.3.4.4. Consumer Awareness & Acceptance
- 1.4. Estimation Methodology
- 1.5. Years Considered for the Study
- 1.6. Currency Conversion Rates
Chapter 2. Executive Summary
- 2.1. Global Zinc Oxide Market Size & Forecast (2022- 2032)
- 2.2. Regional Summary
- 2.3. Segmental Summary
- 2.3.1. By Process
- 2.3.2. By Grade
- 2.3.3. By Application
- 2.4. Key Trends
- 2.5. Recession Impact
- 2.6. Analyst Recommendation & Conclusion
Chapter 3. Global Zinc Oxide Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Challenges
- 3.3. Market Opportunities
Chapter 4. Global Zinc Oxide Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Zinc Oxide Market Size & Forecasts by Process 2022-2032
- 5.1. French / Indirect Process
- 5.2. American / Direct Process
- 5.3. Wet Process
- 5.4. Others
Chapter 6. Global Zinc Oxide Market Size & Forecasts by Grade 2022-2032
- 6.1. Standard / Technical / Feed
- 6.2. Chemical/Treated
- 6.3. Pharma/USP/BP
- 6.4. Food/FCC
- 6.5. Others
Chapter 7. Global Zinc Oxide Market Size & Forecasts by Application 2022-2032
- 7.1. Rubber
- 7.2. Ceramic
- 7.3. Chemical
- 7.4. Agriculture
- 7.5. Paints & Coatings
- 7.6. Cosmetics & Pharmaceuticals
- 7.7. Others
Chapter 8. Global Zinc Oxide Market Size & Forecasts by Region 2022-2032
- 8.1. North America Zinc Oxide Market
- 8.1.1. U.S. Zinc Oxide Market
- 8.1.1.1. Process breakdown size & forecasts, 2022-2032
- 8.1.1.2. Grade breakdown size & forecasts, 2022-2032
- 8.1.1.3. Application breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Zinc Oxide Market
- 8.2. Europe Zinc Oxide Market
- 8.2.1. U.K. Zinc Oxide Market
- 8.2.2. Germany Zinc Oxide Market
- 8.2.3. France Zinc Oxide Market
- 8.2.4. Spain Zinc Oxide Market
- 8.2.5. Italy Zinc Oxide Market
- 8.2.6. Rest of Europe Zinc Oxide Market
- 8.3. Asia-Pacific Zinc Oxide Market
- 8.3.1. China Zinc Oxide Market
- 8.3.2. India Zinc Oxide Market
- 8.3.3. Japan Zinc Oxide Market
- 8.3.4. Australia Zinc Oxide Market
- 8.3.5. South Korea Zinc Oxide Market
- 8.3.6. Rest of Asia Pacific Zinc Oxide Market
- 8.4. Latin America Zinc Oxide Market
- 8.4.1. Brazil Zinc Oxide Market
- 8.4.2. Mexico Zinc Oxide Market
- 8.4.3. Rest of Latin America Zinc Oxide Market
- 8.5. Middle East & Africa Zinc Oxide Market
- 8.5.1. Saudi Arabia Zinc Oxide Market
- 8.5.2. South Africa Zinc Oxide Market
- 8.5.3. Rest of Middle East & Africa Zinc Oxide Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Cosmo Zincox Industries (India)
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Market Strategies
- 9.3.2. UCA LANKA PVT. LTD. (Sri Lanka)
- 9.3.3. RUBAMIN Pvt Ltd (India)
- 9.3.4. Pan-Continental Chemical Co., Ltd. (Taiwan)
- 9.3.5. Hemadri Chemicals (India)
- 9.3.6. Zochem Inc (U.S.)
- 9.3.7. LANXESS (Germany)
- 9.3.8. EverZinc (Belgium)
- 9.3.9. Parchem (U.S.)
- 9.3.10. Brugge-mann (Germany)
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes