Zinc Oxide Market Sales, Share and Outlook by 2028

The zinc oxide market size was valued at US$ 4,506.51 million in 2021 and is projected to reach US$ 6,338.82 million by 2028; it is expected to grow at a CAGR of 5.0% from 2021 to 2028.

Zinc oxide is an essential ingredient in many enzymes, sunscreens, and ointments for pain and itch relief. Its microcrystals are very efficient light absorbers in the ultraviolet A and B region of spectra due to wide-bandgap.

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The impact of zinc oxide on biological functions depends on its morphology, particle size, exposure time, concentration, pH, and biocompatibility. They are more effective against microorganisms such as bacillus subtilis, bacillus megaterium, staphylococcus aureus, sarcina lutea, escherichia coli, pseudomonas aeruginosa, klebsiella pneumonia, pseudomonas vulgaris, candida albicans, and aspergillus niger.

With the growing demand for chemical free foods globally, green zinc oxide nanoparticles consumption is increasing since it is safe alternatives to conventional chemical methods without leaving any air pollutants. Zinc oxide nanoparticles are effective for germination and improved development of plants. It also helps to boost the growth rate of stem and roots without extracting soil nutrients. The demand for green zinc oxide nanoparticle is gradually increasing due to its soil reviving properties and increased crop yield. In addition to this, various government initiatives to support green and sustainable agriculture is providing lucrative opportunities for zinc oxide nanoparticles manufacturers globally. For instance, the Government of India introduced several programs such as National Mission for Sustainable Agriculture (NMSA), Soil Health Card (SHC), Mission Organic for Value Chain Development for Northeast (MOVCD), to promote green agriculture across the country. Green zinc oxide nanoparticles is quite safe and ecofriendly compared to chemical synthesis, hence farmers across the globe are gradually adopting this nano particles.

The "zinc oxide market analysis to 2028" is a specialized and in-depth study of the chemicals & material industry, focusing on global market trend analysis. The report aims to provide an overview of the zinc oxide market with detailed market segmentation based on process, grade, application, and geography. Based on process, the global zinc oxide market is segmented into french process, wet process, american process, and others. Based on grade, the zinc oxide market is segmented into standard grade, food grade, USP grade, and others. Based on application, the global zinc oxide market is segmented into rubber, agriculture, chemicals and lubricants, glass and ceramic, paint and pigment, and others.

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EverZinc; L. Brügge­mann GmbH & Co.; U.S. Zinc; Zochem, Inc.; Umicore; Grillo-Werke AG; Rubamin; JG Chemicals Pvt. Ltd.; Pan-Continental Chemical Co., Ltd.; and Akrochem Corporation are the key players in the zinc oxide market.

The increasing application of zinc oxide in rubber, ceramics, chemical, pharmaceutical, and personal care is driving the demand for zinc oxide. Rubber is expected to exhibit the highest growth rate owing to the increased sales of tires and other rubber products in the automotive industry across many regions. Increasing investments into research and development to develop new and enhanced products using zinc oxide will continue to drive the demand for zinc oxide, thus contributing significantly to the zinc oxide market growth. Also, the zinc oxide market trend is expected to surge in the coming years due to the increasing usage of zinc oxide in the production of personal care products worldwide. Zinc oxide is widely used in personal care and cosmetics, which includes baby lotions, makeup, foot powders, and bath soaps. There is an increasing demand for phthalate-free plasticizers, which creates strong demand for benzoate plasticizers, thereby creating demand for zinc oxide. Hence, replacing phthalate plasticizers with non-phthalate plasticizers is boosting the zinc oxide market growth.

The zinc oxide market in Asia Pacific is expected to grow significantly during the forecast period, owing to an increase in demand from the rubber industry. Zinc oxide is used for vulcanizing rubber, mainly in the automotive industry. The increasing automotive sector in the region will further aid the zinc oxide market growth. The rise in the number of on-fleet vehicles in countries such as China, India, and South Korea is fueling the demand for rubber tires. Increasing awareness regarding fuel economy is propelling the demand for zinc oxide lubricants in Asia Pacific.

The development of automotive parts and components in Asia Pacific with the rise of electric vehicle production will create lucrative opportunities for zinc oxide market players, as zinc oxide is used for the vulcanization of rubber, which is extensively used to make automotive tires. The growing focus on fuel economy, rising demand for convenience, and high maintenance or replacement costs of conventional tires are also driving the growth of zinc oxide-based automotive tires.

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