The Business Research Company’s report on the Zinc Oxide Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the zinc oxide market further?
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, in June 2024, according to the Statistics & Planning Department Rubber Board, an India-based government department, India’s natural rubber (NR) production in April 2024 saw a 2.6 percent year-over-year increase, reaching 40,000 metric tons. Additionally, for instance, in June 2024, according to the report of The European Forest Institute (EFI), a Finland-based research organization, thailand is the leading producer of natural rubber globally. In 2022, the nation generated over 4.7 million tonnes of natural rubber, representing approximately one-third of the world’s total rubber production. Therefore, increasing rubber manufacturing is driving the growth of the zinc oxide market.
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What are the key factors influencing the forecasted market size of the zinc oxide industry?
The zinc oxide market size has grown strongly in recent years. It will grow from$4.93 billion in 2024 to $5.26 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. 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 “$6.84 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. 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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Who are the leading competitors in the zinc oxide market?
Major companies operating in the zinc oxide market include 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
Which emerging trends are set to transform the zinc oxide market landscape?
Major companies operating in the zinc oxide market are focused on developing innovative solutions, such as zinc oxide granules, to prevent dust formation when adding powder to mixing vessels while maintaining the same exceptional quality and performance. Zinc oxide granules are solid, granular forms of zinc oxide, widely used as a raw material in industries like rubber, ceramics, and cosmetics due to their anti-corrosive, UV-protective, and antimicrobial properties. For instance, in April 2024, Uviva Technologies GmbH, a Germany-based chemical manufacturing company, launched the Eclipse G1 zinc oxide granules. Which are a novel, free-flowing zinc oxide solution tailored to enhance handling and formulation processes in cosmetics and suncare. Unlike traditional powders, Eclipse G1 minimizes dust formation when added to mixing vessels, creating a cleaner and more efficient formulation environment. Made from 100% zinc oxide without any additives, it offers the same high-quality performance with the added benefits of easy handling and flexibility in formulation. This advancement allows formulators to incorporate zinc oxide without relying on dispersions, providing a versatile and practical solution for product development.
How do different geographies compare in terms of market share and growth potential in the zinc oxide market?
Asia-Pacific was the largest region in the zinc oxide market in 2024. 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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Which major segments of the zinc oxide market are experiencing the fastest growth?
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
Subsegments:
1) By Indirect Process: French Process, Thermal Decomposition, Other Methods
2) By Direct Process: Direct Reactivity With Zinc, Vapor Phase Oxidation, Other Methods
3) By Wet Chemical Process: Precipitation Method, Solvothermal Method, Other Methods
4) By Other Processes: Biochemical Methods, Electrochemical Methods, Other Innovative Processes
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How is the zinc oxide market defined, and what are its core characteristics?
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.
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