Zinc Oxide Market: Global Industry Analysis and Forecast (2024-2030)

The Zinc Oxide Market size was valued at USD 5.53 Billion in 2023 and the total Zinc Oxide revenue is expected to grow at a CAGR of 5.77% from 2024 to 2030, reaching nearly USD 8.19 Billion.

Zinc Oxide Market Overview:

Zinc oxide is an odorless white powder which is insoluble in water. Its chemical formula is ZnO. Numerous materials and goods, such as cosmetics, dietary supplements, rubber, plastics, ceramics, cement, lubricant, pigments, pigments, meals, batteries, ferrites, fire retardants, and first-aid tapes, contain ZnO as an ingredient. Although zinc oxide can be found in nature as the mineral zincite, most of it is made synthetically. Wide-band gap semiconductors include ZnO. N-type doping results from oxygen vacancies or zinc interstitials in the semiconductor's natural state. Other advantageous characteristics include strong room-temperature luminescence, high electron mobility, wide band gap, and superb transparency.Zinc Oxide MarketTo know about the Research Methodology :-:- Request Free Sample Report

Global Zinc Oxide Market Dynamics:

The report explores the Zinc Oxide Market's segments (Application, Process, Grade). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2023. The report investigates the Zinc Oxide Market’s drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Zinc Oxide Market's contemporary competitive scenario.

Zinc Oxide Market Dynamics:

Drivers: Rapid urbanization is the factor for growing the market In developing nations like China, India, and Brazil, the rise of the construction sector as a result of rapid urbanization is accelerating the growth of the ceramics industry. The need for residential and commercial structures is rising as a result of ongoing urbanization, impending infrastructural developments, and an expanding population base. The development of the construction industry in India is also being aided by a number of government flagship initiatives, including "Smart Cities," "Housing for All," "Make in India," and "Atal Mission for Urban Rejuvenation and Transformation" (AMRUT). As a result, the aforementioned elements and government initiatives for the construction sector are promoting market expansion and raising demand for zinc oxide in ceramic applications in developing nations. Demand in various industry In order to prevent sunburn and early aging of the skin, zinc oxide is used as a primary ingredient in a variety of cosmetic and medicinal goods, including bath soaps, makeup, lipstick, baby lotion, shampoo, zinc soap, dental inlays, and calamine creams. Additionally, ointments for diaper rash and other skin protection products frequently contain zinc oxide. Additionally, zinc oxide is an inorganic, soluble chemical that is mostly added to a variety of goods, including rubber, ceramics, paints, lubricants, meals, batteries, plastics, first-aid tapes, and medical products. In the rubber business, zinc oxide is frequently used as an activator to get rubber to vulcanize. It is employed in the vulcanization process to strengthen the material and increase its tensile strength and resilience to heat and abrasion. Numerous industries use rubber goods in a variety of ways. Sales of zinc oxide are anticipated to increase because to the rising need for rubber in the automobile industry, which is used to make a number of goods including tires, hoses, gaskets, roll covers, crap tubes, and adhesives. In addition, a variety of industries, including packaging, manufacturing, engineering, construction, and others, use rubber products. Over the projection period, it is anticipated that these industries' expansion will increase demand for zinc oxide. Increasing adoption in Biomedicine Zinc oxide nanoparticles can activate excessive reactive oxygen species and release zinc ions, making them a viable component in anticancer and antibacterial applications. As a biocompatible and biodegradable compound, zinc oxide nanoparticles are being investigated for the treatment of cancer. These nanoparticles may be used to deliver drugs in safe and efficient cancer treatments. Additionally, it has applications in the management of diabetes. ZnO NPs can be employed as a delivery vehicle for zinc since it helps maintain the structural integrity of insulin and is involved in its production. Exposure to Zinc oxide can cause “metal fume fever”. This is a flu-like illness with symptoms of metallic taste in mouth, headache, fever and chills, aches, chest tightness and cough. It will restrict the production of zinc and hinder the zinc market. Factors like the expanding automobile industry and rising consumer expenditure on personal care goods are increasing the opportunity to boost market expansion. Now the market's leading companies favour to joint ventures and mergers & acquisitions, which will help to increase the revenue of the company. Fluctuating raw material prices and laws prohibiting the use of the product in a number of end-use sectors are making the situation more challenging for global zinc market.

Zinc Oxide Market Segment Analysis:

Based on Application,Zinc Oxide Market1 Rubber segment is dominating the market with highest CAGR of 41% during the forecast period. Zinc oxide is used as key ingredient in rubber industry. 50-60% Zinc oxide is used in rubber industry. Due to its exceptional qualities, the chemical zinc oxide (ZnO) is frequently employed in the rubber industry as a vulcanization activator. Through a chemical process known as vulcanization, natural rubber is transformed into a more robust material. As a result, zinc oxide gives rubber compositions more strength, enhances their resilience to heat and abrasion, and helps prevent UV deterioration. Based on the Process, Indirect Process segment is dominating the market with highest CAGR during the forecast period. The indirect technique is used to manufacture the majority of the ZnO. The fastest and most efficient industrial process for producing zinc oxide is indirect process. Zinc metal is used as the raw ingredient in this procedure. In a container, zinc metal is evaporated and exposed to air for quick oxidation. A typical combustion process looks like this. Zinc that has been burned is cooled down to create ZnO powder. The quality of the raw materials has a significant impact on the final product's quality. Only a high-purity feedstock can result in a high-purity zinc oxide output. The indirect approach primarily yields ZnO particles with sizes between 30 and 2000 nm. Controlling the airflow and flame turbulence will change the particle's size. Based on the Grade, Standard segment is dominating the market with highest CAGR during the forecast period. It has purity between 99-99.5%. It is mainly used in rubber and ceramic industry because of its lightweight, corrosion-resistance, high temperature stability properties.

Zinc Oxide Market Regional Insights:

The Asia-Pacific region dominated the market with highest share in 2023. The Asia-Pacific region is expected to witness significant growth at a CAGR of XX% through the forecast period. The market in Asia Pacific is anticipated to grow strongly over the course of the forecast period due to the region's booming personal care and cosmetics industries. To encourage domestic manufacture, the Indian government has prohibited tyre imports as of June 2030. In an effort to reduce imports and support domestic businesses, the government has limited imports of tyres for automobiles, buses, lorries, and motorbikes, including radial and tubeless tyres. Due to its extensive raw material supply and accessibility of a qualified workforce, India ranks third in terms of pharmaceutical volume and thirteenth in terms of significance. The India Brand Equity Foundation estimates that in FY21, India's pharmaceutical exports were USD 26.58 billion. Furthermore, with a production share of almost 55% worldwide, the Asia-Pacific region is the greatest automotive manufacturing hub. Due to the government's permission of the use of zinc oxide in beauty and skin care products, Europe is anticipated to hold a favourable proportion of the global zinc oxide market. The United States' approval and use of zinc oxide in sunscreen products is anticipated to fuel market expansion in North America. According to the Scientific Committee on Consumer Safety study, using zinc oxide in UV protection creams at concentrations up to 25% does not increase the risk of adverse effects in people. As a result, the demand for zinc oxide on the global market will soar once it is approved for use in skin care products in Europe and North America. The objective of the report is to present a comprehensive analysis of the Zinc Oxide Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Zinc Oxide Market dynamic, structure by analyzing the market segments and projecting the Zinc Oxide Market size. Clear representation of competitive analysis of key players by Vehicle Type, price, financial position, product portfolio, growth strategies, and regional presence in the Zinc Oxide Market make the report investor’s guide.

Zinc Oxide Market Scope: Inquire before buying

Global Zinc Oxide Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: USD 5.53 Bn.
Forecast Period 2024 to 2030 CAGR: 5.77 % Market Size in 2030: USD 8.19 Bn.
Segments Covered: by Application  Rubber Ceramics Chemicals Agriculture Cosmetics and Personal Care Pharmaceuticals Others
by Process  Indirect (French)Process Direct (American) Process Wet Chemical Process Others
by Grade  Standard Treated USP FCC Others

Zinc Oxide Market by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Zinc Oxide Key Players

1. U.S. Zinc 2. Umicore 3. Chem Trade 4. Silox SA 5. HakusuiTech Co. Ltd. 6. EverZinc 7. Zochem 8. Zinc Oxide LLC 9. Longli 10. Pan-Continental Chemical 11. GH Chemicals 12. Rubamin 13. Zinc Nacional 14. Grupo Promax 15. Weifang Longda Zinc Industry Co., Ltd. 16. Yongchang zinc industry Co., Ltd. Frequently Asked Questions: 1] What segments are covered in the Global Zinc Oxide Market report? Ans. The segments covered in the Zinc Oxide Market report are based on Application, Process, Grade. 2] Which region is expected to hold the highest share in the Zinc Oxide Market? Ans. Asia-Pacific region is expected to hold the highest share in the Zinc Oxide Market. 3] What is the market size of the Zinc Oxide Market by 2030? Ans. The market size of the Zinc Oxide Market by 2030 is expected to reach USD 8.19 Bn. 4] What is the forecast period for the Zinc Oxide Market? Ans. The forecast period for the Zinc Oxide Market is 2024-2030. 5] What was the Global Zinc Oxide Market size in 2023? Ans: The Global Zinc Oxide Market size was USD 5.53 Billion in 2023.
1. Global Zinc Oxide Market: Research Methodology 2. Global Zinc Oxide Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Zinc Oxide Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Zinc Oxide Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Zinc Oxide Market Segmentation 4.1. Global Zinc Oxide Market, By Application (2023-2030) • Rubber • Ceramics • Chemicals • Agriculture • Cosmetics and Personal Care • Pharmaceuticals • others 4.2. Global Zinc Oxide Market, By Process (2023-2030) • Indirect Process • Direct Process • Wet Chemical Process • Others 4.3. Global Zinc Oxide Market, By Grade (2023-2030) • Standard • Treated • USP • FCC • Others 5. North America Zinc Oxide Market (2023-2030) 5.1. North America Zinc Oxide Market, By Application (2023-2030) • Rubber • Ceramics • Chemicals • Agriculture • Cosmetics and Personal Care • Pharmaceuticals • Others 5.2. North America Zinc Oxide Market, By Process (2023-2030) • Indirect Process • Direct Process • Wet Chemical Process • Others 5.3. North America Zinc Oxide Market, By Grade (2023-2030) • Standard • Treated • USP • FCC • Others 5.4. North America Zinc Oxide Market, by Country (2023-2030) • United States • Canada • Mexico 6. European Zinc Oxide Market (2023-2030) 6.1. European Zinc Oxide Market, By Application (2023-2030) 6.2. European Zinc Oxide Market, By Process (2023-2030) 6.3. European Zinc Oxide Market, By Grade (2023-2030) 6.4. European Zinc Oxide Market, by Country (2023-2030) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Zinc Oxide Market (2023-2030) 7.1. Asia Pacific Zinc Oxide Market, By Application (2023-2030) 7.2. Asia Pacific Zinc Oxide Market, By Process (2023-2030) 7.3. Asia Pacific Zinc Oxide Market, By Grade (2023-2030) 7.4. Asia Pacific Zinc Oxide Market, by Country (2023-2030) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Zinc Oxide Market (2023-2030) 8.1. Middle East and Africa Zinc Oxide Market, By Application (2023-2030) 8.2. Middle East and Africa Zinc Oxide Market, By Process (2023-2030) 8.3. Middle East and Africa Zinc Oxide Market, By Grade (2023-2030) 8.4. Middle East and Africa Zinc Oxide Market, by Country (2023-2030) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Zinc Oxide Market (2023-2030) 9.1. South America Zinc Oxide Market, By Application (2023-2030) 9.2. South America Zinc Oxide Market, By Process (2023-2030) 9.3. South America Zinc Oxide Market, By Grade (2023-2030) 9.4. South America Zinc Oxide Market, by Country (2023-2030) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. U.S. Zinc 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Umicore 10.3 Chem Trade 10.4 Silox SA 10.5 HakusuiTech Co. Ltd. 10.6 EverZinc 10.7 Zochem 10.8 Zinc Oxide LLC 10.9 Longli 10.10 Pan-Continental Chemical 10.11 GH Chemicals 10.12 Rubamin 10.13 Zinc Nacional 10.14 Grupo Promax 10.15 Weifang Longda Zinc Industry Co., Ltd. 10.16 Yongchang zinc industry Co., Ltd.
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