Zinc Oxide Market Set for Robust Growth in the U.S. and Europe by 2030

𝐙𝐢𝐧𝐜 𝐎𝐱𝐢𝐝𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐭 𝐟𝐨𝐫 𝐑𝐨𝐛𝐮𝐬𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐀𝐦𝐢𝐝 𝐑𝐢𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐢𝐧 𝐊𝐞𝐲 𝐒𝐞𝐜𝐭𝐨𝐫𝐬

The global zinc oxide market is on track for substantial growth, driven by its wide-ranging applications in industries such as rubber, cosmetics, pharmaceuticals, and electronics. According to a recent report by Maximize Market Research, 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.

The growth is largely attributed to the increasing demand for high-quality rubber products in the automotive industry, the rising use of zinc oxide in personal care products like sunscreens, and its expanding applications in the electronics sector. Furthermore, the growing focus on sustainability and the use of eco-friendly chemicals are also driving innovation in the production of zinc oxide.

𝐓𝐨 𝐞𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐢𝐬 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐦𝐚𝐭𝐭𝐞𝐫 𝐟𝐮𝐫𝐭𝐡𝐞𝐫, 𝐩𝐥𝐞𝐚𝐬𝐞 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝: https://www.maximizemarketresearch.com/request-sample/22594/

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞𝐫𝐬

The global zinc oxide market is segmented by grade, application, and region. The rubber industry accounts for a significant share of the market, followed by cosmetics and personal care products, particularly sunscreens. In addition, the electronics and pharmaceutical industries are growing rapidly, contributing to the increasing demand for high-quality zinc oxide.

The growing emphasis on green and sustainable technologies, including the use of bio-based and non-toxic zinc oxide in personal care and medical products, is also expected to propel market growth.

𝐂𝐨𝐮𝐧𝐭𝐫𝐲-𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

𝐙𝐢𝐧𝐜 𝐎𝐱𝐢𝐝𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam is seeing significant demand for zinc oxide due to the expansion of the country's industrial sector, particularly in rubber production and manufacturing. The Vietnamese market is expected to grow at a CAGR of 9.2% between 2024 and 2030, as the demand for automotive tires and rubber products continues to rise. Vietnam's increasing involvement in global manufacturing, particularly as part of the ASEAN Economic Community (AEC), is also expected to drive the demand for high-quality industrial materials like zinc oxide.

Key players such as ZincOx Resources are making significant inroads into the Vietnamese market, establishing partnerships with local manufacturers and expanding production capabilities. The rising adoption of zinc oxide in cosmetics and pharmaceuticals further bolsters this demand.

𝐙𝐢𝐧𝐜 𝐎𝐱𝐢𝐝𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand presents an exciting growth opportunity for the global zinc oxide market, particularly in the rubber and cosmetics sectors. The country's automotive industry, one of the largest in Southeast Asia, continues to drive demand for zinc oxide in tire manufacturing. In addition, the growing interest in organic and natural skincare products in Thailand is contributing to the rising demand for zinc oxide in sunscreens and personal care products.

The Thai market is expected to grow at a CAGR of 8.6% by 2030, driven by these dual forces in the rubber and cosmetics sectors. Thai Zinc Oxide Company, a local leader, has recently expanded its production facilities to cater to the growing demand in both domestic and international markets.

𝐄𝐱𝐜𝐢𝐭𝐞𝐝 𝐭𝐨 𝐝𝐢𝐯𝐞 𝐢𝐧? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐮𝐧𝐜𝐨𝐯𝐞𝐫 𝐢𝐭𝐬 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬: https://www.maximizemarketresearch.com/request-sample/22594/

𝐙𝐢𝐧𝐜 𝐎𝐱𝐢𝐝𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan is a key player in the global zinc oxide market, particularly in the electronics, rubber, and cosmetics industries. The country is home to one of the most developed automotive industries, which heavily relies on high-performance zinc oxide in tire manufacturing. Additionally, Japan's booming cosmetics market, with a strong preference for mineral-based products, has led to increased demand for zinc oxide in sunscreens and skin care.

Japan's zinc oxide market is expected to grow at a CAGR of 7.8% over the forecast period. Sumitomo Chemical has announced plans to invest in advanced zinc oxide production technologies to meet both domestic and international demand, especially in the clean and sustainable products space.

𝐙𝐢𝐧𝐜 𝐎𝐱𝐢𝐝𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea is witnessing increased consolidation in the zinc oxide market as demand for high-performance materials in electronics, automotive, and cosmetics continues to rise. Major players in the country are focusing on enhancing their product portfolios, improving the quality of their zinc oxide, and expanding production capacity to cater to diverse industries.

The market is forecast to grow at a CAGR of 8.3%, with significant contributions from companies like LG Chem and Daewon Chemical. These companies are actively engaging in mergers and acquisitions to strengthen their positions in the global zinc oxide market. The growing application of zinc oxide in the electronics industry, particularly in semiconductors and photovoltaic cells, is expected to be a key growth driver in South Korea.

𝐙𝐢𝐧𝐜 𝐎𝐱𝐢𝐝𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore's zinc oxide market is experiencing notable updates as the country invests in sustainable technologies and innovations in product development. With a strong regulatory framework around product safety and environmental impact, Singapore is emerging as a hub for high-quality zinc oxide products in personal care and medical applications.

The market in Singapore is expected to grow at a CAGR of 7.9%, driven by both the increasing demand in the cosmetic industry and the country's focus on eco-friendly solutions. Recent updates from U.S.-based companies, including American Elements, show an uptick in zinc oxide product innovations aimed at meeting the demands of environmentally conscious consumers in Southeast Asia.

𝐙𝐢𝐧𝐜 𝐎𝐱𝐢𝐝𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬

The U.S. is one of the largest markets for zinc oxide, with significant growth driven by its use in industries such as rubber, pharmaceuticals, and cosmetics. The increasing use of zinc oxide in sunscreens, coupled with advancements in tire technology and electronics, has placed the U.S. as a key region in the global market.

The U.S. market is projected to grow at a CAGR of 8.4%, with companies like Valero Energy and EverZinc expanding their production facilities to cater to the growing demand. Zinc oxide's rising use in renewable energy technologies such as photovoltaic solar cells is also expected to drive market growth in the U.S.

𝐙𝐢𝐧𝐜 𝐎𝐱𝐢𝐝𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

Europe is experiencing solid growth in the zinc oxide market, especially in the rubber, cosmetic, and pharmaceutical industries. The European market is expected to grow at a CAGR of 7.5%, driven by increased demand for high-quality zinc oxide in tires, skin care products, and pharmaceuticals. The European Union's stringent regulations on product safety and environmental sustainability continue to shape the market landscape.

Belgium-based Umicore is a leading player in the European market, having recently expanded its production capabilities to provide high-quality zinc oxide for both industrial and cosmetic applications. The increasing trend toward sustainable personal care products is expected to further boost demand for eco-friendly zinc oxide variants in Europe.

𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐙𝐢𝐧𝐜 𝐎𝐱𝐢𝐝𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

There have been several significant mergers and acquisitions in the global zinc oxide industry that are expected to shape its future. One such development is ZincOx Resources' acquisition of Hunan Xinhua in China, strengthening its position in the growing Asian market and enhancing its ability to serve the rapidly expanding rubber and electronics sectors.

Additionally, EverZinc, a global leader in zinc oxide production, recently acquired UMICORE's Zinc Business, enabling it to increase its market share in Europe and strengthen its offerings in the cosmetic and pharmaceutical sectors.

𝐓𝐨 𝐆𝐞𝐭 𝐌𝐨𝐫𝐞: https://www.maximizemarketresearch.com/request-sample/22594/

𝐒𝐤𝐢𝐧 𝐁𝐨𝐨𝐬𝐭𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

by Application

Rubber
Ceramics
Chemicals
Agriculture
Cosmetics and Personal Care
Pharmaceuticals
Others

The rubber sector is dominating the market, with a CAGR of 41% over the projection period. Zinc oxide is a significant component in the rubber industry. The rubber industry uses 50-60% zinc oxide. Zinc oxide (ZnO), a chemical with outstanding properties, is commonly used as a vulcanization activator in the rubber sector. Vulcanization is a chemical process that transforms natural rubber into a more durable material. As a result, zinc oxide strengthens rubber compositions, increases their resistance to heat and abrasion, and helps prevent UV damage.

by Process

Indirect (French)Process
Direct (American) Process
Wet Chemical Process
Others

Based on Process, the Indirect Process segment would dominate the market with the greatest CAGR over the forecast period. The majority of ZnO is manufactured using the indirect process. The indirect approach is the fastest and most efficient industrial way to produce zinc oxide. Zinc metal is employed as the basic material in this technique. Zinc metal is evaporated in a container and exposed to air, resulting in rapid oxidization. The normal combustion process looks like this. Zinc that has been burned is cooled to become ZnO powder. The quality of the raw materials has a considerable impact on the overall quality of the output. Only a high-purity input will provide a high-purity zinc oxide output.

by Grade

Standard
Treated
USP
FCC
Others

Based on grade, the Standard segment is dominating the market with the highest CAGR throughout the projection period. Its purity ranges from 99 and 99.5%. It is mostly employed in the rubber and ceramic industries due to its lightweight, corrosion-resistant, and high temperature stability characteristics.

𝐅𝐨𝐫 𝐝𝐞𝐞𝐩𝐞𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐩𝐞𝐫𝐮𝐬𝐞 𝐭𝐡𝐞 𝐬𝐮𝐦𝐦𝐚𝐫𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭: //www.maximizemarketresearch.com/market-report/global-zinc-oxide-market/22594/

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐤𝐢𝐧 𝐁𝐨𝐨𝐬𝐭𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

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

𝐂𝐨𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧

The global zinc oxide market is witnessing significant growth, driven by increasing demand across various sectors such as rubber, cosmetics, pharmaceuticals, and electronics. With a projected CAGR of 5.77%, the market is expected to reach USD 8.19 Billion by 2030. Key regions, including the U.S., Europe, and Asia Pacific, are poised to lead the charge, with increasing applications, regulatory updates, and strategic mergers and acquisitions shaping the market landscape.

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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