Zinc Oxide Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to zinc oxide market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Zinc Oxide Market News

  • In March 2024, JG Chemicals, a renowned supplier of zinc oxide from India announced its plans to raise INR 251 crore through IPO offering. The company had plans of using INR 165 crore worth shares to invest in setting up a new R&D center, investments in its subsidiary and as working capital for loan repayment. While this was seen as good move to expand JG’s lead in zinc oxide business in India, it also carried some risks that had the potential to hurt its business in the long run.
  • In August 2023, Zochem LLC, a leading producer of zinc oxide in the North American region announced that acquired a 40% stake in Callao, Peru-based Industrias Electro-Químicas (IEQSA). Through this move Zochem intends to expand its presence in the South American region and IEQSA is expected to leverage Zochem’s extensive distributuion and logistics network for its zinc offerings.
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Global Zinc Oxide Market size was valued at USD 5.4 Billion in 2023 and is poised to grow from USD 5.7 Billion in 2024 to USD 8.74 Billion by 2032, growing at a CAGR of 5.5% during the forecast period (2025-2032).

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. 'CCL', 'EverZinc', 'Rubamin', 'LANXESS', 'Zinc Nacional', 'Pan-Continental Chemical Co., Ltd.', 'Tata Chemicals Ltd.', 'IEQSA', 'Neo Zinc Oxide', 'Weifang Longda Zinc Industry Co., Ltd.', 'TOHO ZINC CO., LTD.', 'TP Polymer Private Limited', 'Upper India', 'HAKUSUI TECH', 'Yongchang Zinc Industry Co. Ltd.'

Extensive use of zinc oxide in the formulation of different pharmaceuticals, skincare, and cosmetics owing to its antibacterial, anti-inflammatory, and UV-blocking properties is driving its demand. Growing demand for natural, chemical-free skincare amidst rising skincare concerns is also expected to bolster the global zinc oxide market outlook in the future.

High Investments in Smart Coatings R&D: Zinc oxide manufacturers should focus on offering their products to smart coating companies to enhance their business scope. Self-cleaning and antimicrobial properties of zinc oxide makes it a perfect choice for the R&D of smart coatings aimed at healthcare and infrastructure applications thereby making this a prominent zinc oxide market trend in the long run.

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.

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Global Zinc Oxide Market
Zinc Oxide Market

Report ID: SQMIG15E2685

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