Zinc Oxide Market
Report ID: SQMIG15E2685
Report ID: SQMIG15E2685
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Report ID:
SQMIG15E2685 |
Region:
Global |
Published Date: March, 2025
Pages:
189
|Tables:
124
|Figures:
72
Zinc Oxide Market size was valued at USD 5.4 Billion in 2024 and is poised to grow from USD 5.71 Billion in 2025 to USD 8.96 Billion by 2033, growing at a CAGR of 5.8% during the forecast period (2026–2033).
Rapid expansion of the personal care industry, growing use of zinc oxide in rubber and tire industry, expanding application scope in ceramics and glass, and increasing adoption from electronics and paints & coatings industries are also estimated to bolster market development in the future.
Rapidly increasing automotive production around the world and rising demand for tire replacements are slated to primarily boost the demand for zinc oxide. Zinc oxide is used as a key component in rubber vulcanization, which plays a crucial role in enhancing durability, elasticity, and heat resistance of tires used in the automotive industry. Demand for high-performance and durable tires is slated to boost the sales of high-purity zinc oxide going forward.
The antibacterial, anti-inflammatory, and UV-blocking properties are also helping zinc oxide emerge as a key ingredient in multiple pharmaceutical and personal care formulations. Growing demand for sunscreens, diaper creams, and medicated ointments are also slated to bolster the global zinc oxide market growth through 2032.
Increasing application scope of zinc oxide in agriculture, electronics, glass, ceramics, and paints & coatings industry verticals is also a key opportunity for almost all market players in the long run. Supportive government initiatives to promote the use of zinc oxide instead of harmful chemicals is also expected to widen the application scope for zinc oxide companies. On the contrary, availability of alternatives, volatility in raw material pricing, stringent regulations for zinc mining, supply chain disruptions, and high production costs of high-purity zinc oxide are anticipated to be the key constraints for market development across the study period and beyond.
In August 2023, Nevada Zinc, an exploration and development company from Canada announced its strategic partnership with BelZinc, a Belgian zinc producer. Through this partnership, BelZinc will provide its zinc processing technology to Nevada Zinc to produce high-grade zinc oxide from Lone Mountain mine, a non-sulphide zinc project in Nevada, United States. Nevada Zinc plans to reduce its emissions and make its operations more sustainable through the adoption of this new zinc processing technology. Nevada offered BelZinc a right of first refusal to participate in all future projects of BelZinc in North America through this collaboration in exchange for BelZinc’s technology. Along with this BelZinc received a fixed and variable licensing fee per tonne of zinc oxide produced using the technology and 10.8% interest in the form of 12 million Nevada Zinc shares.
In June 2023, Advance ZincTek, a leading company known for manufacturing zinc oxide from minerals based in Australia announced the launch of a new sustainable zinc oxide powder. The company claims EcoZinc to be the world's first solar-powered, non-nano zinc oxide powder for SPF-rated cosmetics and sunscreens. The offering helps the company to save over 1011g of CO2 per kilowatt of energy used compared to traditional zinc oxide production thereby aligning with the sustainability goals of the company. EcoZinc is made from the company’s state-of-the-art ZinClear XP architecture and offers 23.08% more absorbance at a wavelength of 290nm than alternatives available in the market at the time of launch. The product is estimated to help the company align itself with a high preference of skincare brands and consumers to opt for eco-friendly products.
Back in June 2022, Aterian Investment Partners, a renowned private equity and investment firm from the United States announced that it had combined U.S. Zinc and EverZinc to create the world’s largest zinc specialty chemical company. Operating under the name of EverZinc, the new company was headquartered in Houston, Texas, United States. The new venture is also expected to focus on utilizing raw materials from third party by-product streams to convert used zinc material and promote sustainability. While financial terms of this move were not disclosed by the companies, Alterian was expected to continue to support EverZinc in an investment capacity for technology and innovation in the long run.
Market snapshot - 2026-2033
Global Market Size
USD 5.1 billion
Largest Segment
Powder
Fastest Growth
Pellets
Growth Rate
5.8% CAGR
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Global Zinc Oxide Market is segmented by Process, Application, Grade and region. Based on Process, the market is segmented into Indirect Process, Direct Process, Wet Chemical Process and Others. Based on Application, the market is segmented into Rubber, Ceramics, Chemicals, Pharmaceuticals, Cosmetics And Personal Care, Agriculture and Others. Based on Grade, the market is segmented into Standard, Treated, USP, FCC and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Form
The powder segment is estimated to hold the highest global zinc oxide market share in the future. High versatility of zinc oxide powders and their excellent UV (ultraviolet) protection capabilities are forecasted to help this segment bring in the most revenue going forward. The use of zinc oxide powder in paints and coatings to provide UV protection and as a catalyst in manufacturing multiple chemicals such as sodium hydrosulfite, zinc phosphide, etc. is also expected to cement the dominance of this segment in the long run. High application scope of zinc oxide in powdered form in multiple industry verticals makes this a preferred form of zinc oxide application.
Meanwhile, the demand for zinc oxide pellets is slated to rise at a steady pace over the coming years. Surging demand for high-purity zinc oxide across multiple industry verticals is estimated to help boost the sales of zinc oxide in pellets form in the long run. Zinc oxide pellets are often manufactured using high purity (>99.995%) super high-grade zinc. Easy handling and precise dosage control of zinc oxide pellets is also expected to create new opportunities for zinc oxide suppliers focusing on this segment. The demand for zinc oxide pellets is estimated to rise at a notable pace in vapor deposition techniques like thermal evaporation or sputtering over the coming years.
Analysis by Application
The automotive segment is slated to account for a prominent share of the global zinc oxide industry going forward. Extensive use of zinc oxide in tire manufacturing owing to indispensable nature in rubber vulcanization process is helping this segment hold sway over others. Rapidly increasing automotive manufacturing around the world is bolstering the demand for tires thereby also promoting the use of zinc oxide. Increasing investments in the R&D of novel tires with enhanced durability and performance are also slated to create new opportunities for zinc oxide suppliers as the use of high-purity zinc oxide rises in automotive applications in the future.
On the other hand, the use of zinc oxide in the construction segment is slated to account for the second-largest global zinc oxide market share. Surging investments in infrastructure development around the world backed by rising urbanization and industrialization are slated to help this segment emerge as a highly opportune one. Extensive use of zinc oxide in the production of ceramic tiles, sanitaryware, weather-proof coatings, and architectural glass is helping boost its demand as the construction industry expands. Emerging economies such as India, Brazil, China, and Indonesia are estimated to present new opportunities for zinc oxide providers focusing on this segment in the long run.
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The Asia Pacific region is slated to account for the largest global zinc oxide market share in the future. The presence of a robust automotive manufacturing industry, growing infrastructure development, surging sales of personal care products, and rapid industrialization are helping cement the dominance of this region.
China is the largest producer and exporter of zinc oxide on a global level thereby making it the prime market in the Asia Pacific. Presence of leading glass, pharmaceutical, and rubber manufacturing facilities coupled with high zinc oxide production capabilities are helping China bring in the most revenue. South Korea is another highly lucrative country for zinc oxide production owing to the presence of Korea Zinc, a renowned zinc manufacturer. High use of zinc oxide in personal care and rubber manufacturing in South Korea is also helping it bring major revenue in this region. Japan is expected to produce significantly lower zinc oxide as compared to China and South Korea going forward.
North America is expected to witness a notable surge in demand for zinc oxide over the coming years. Surging demand for rubber products, growing demand for innovative paints and coatings, and increasing emphasis on sustainability are key factors promoting the sales of zinc oxide in this region.
The United States is estimated to bring in the most revenue in North America owing to the presence of high pharmaceutical manufacturing activity, growing demand for sunscreens and other personal care products, and rising application scope in the agriculture industry are helping create new opportunities for zinc oxide providers.
Europe is also estimated to present new opportunities for zinc oxide companies in the long run. High demand for tires from automotive manufacturers, growing use of zinc oxide in sunscreen and personal care products, and high preference for ethically sourced zinc oxide are offering new business scope for market players.
The Netherlands is estimated to emerge as the top zinc oxide producing country in the European region whole Germany comes up as the fastest-expanding market. High versatility of zinc oxide and its compliance with European regulation standards are helping promote the use of zinc oxide in multiple industry verticals. Presence of robust automotive and pharmaceutical manufacturing activity in Germany makes it a highly rewarding country in this region. Surging sales of sunscreens and other cosmetics products with zinc oxide in the United Kingdom are also creating new business scope for zinc oxide providers looking to make a mark in the European region through 2032.
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Zinc Oxide Market Drivers
Surging Use in Pharmaceuticals and Personal Care
Demand in Ceramics and Glass Manufacturing
Zinc Oxide Market Restraints
Fluctuations in Raw Material Pricing
Availability of Alternatives
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Zinc oxide manufacturers should focus on balancing their raw material costs and eliminating the issue of volatility to maximize their profit margins. Targeting the personal care and tire manufacturing industries is expected to offer the best returns for zinc oxide suppliers in the long run. Use of sustainable production processes and launch of eco-friendly zinc oxide products can als help companies enhance their sales potential as per this global zinc oxide market analysis.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, surging demand for tires and growing pharmaceutical and personal care manufacturing around the world are anticipated to boost the demand for zinc oxide going forward. However, fluctuations in raw material pricing and availability of alternatives are anticipated to hurt the sales of zinc oxide in the long run. The Asia Pacific region is slated to bring in the most revenue owing to high automotive manufacturing and surging sales of personal care products in countries such as China, South Korea, India, and Japan. Launch of new recycling initiatives and use of zinc oxide in smart coating development are also estimated to offer new business scope for zinc oxide providers looking to expand their business on a global level.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 5.4 Billion |
| Market size value in 2033 | USD 8.96 Billion |
| Growth Rate | 5.8% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Zinc Oxide Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Zinc Oxide Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Zinc Oxide Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Zinc Oxide Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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