Press release
Comprehensive Zinc Oxide Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Zinc Oxide Market Size
The surge in rubber production is projected to drive the zinc oxide market's expansion in the future. Rubber, a flexible material collected from the coagulated sap of various tropical plants, is then processed into sheets and dried. Zinc oxide functions as a catalyst in the vulcanization process of rubber and aids in the processing of untreated rubber. For example, the Indian government's Statistics & Planning Department Rubber Board reported in June 2024 that the country's natural rubber (NR) production experienced a 2.6 percent increase year over year in April 2024, reaching 40,000 metric tons. Additionally, another report from the Finland-based research organization, The European Forest Institute (EFI), in June 2024, states that Thailand is the top global producer of natural rubber. In 2022, the country produced more than 4.7 million tonnes of natural rubber, accounting for about one-third of the total worldwide rubber production. Consequently, the escalating production of rubber is fueling the growth of the zinc oxide market.
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How will the growth rate of the zinc oxide market shape industry trends by 2034?
There has been a robust expansion in the size of the zinc oxide market in the past few years. It is projected to climb from a valuation of $4.93 billion in 2024 to $5.26 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.8%. Factors that contributed to the growth during the historical period include demand from emerging economies, applications in the medical and pharmaceutical sectors, an emphasis on sustainable farming practices, adherence to regulations, and global economic trends.
In the forthcoming years, the market for zinc oxide is projected to demonstrate robust growth. This market is predicted to reach "$6.84 billion by 2029 with a 6.8% compound annual growth rate (CAGR). The anticipated growth during the forecast period can be associated with an increased demand in the electronics sector, an expanding presence in the cosmetics industry, intensified adherence to sustainable methods, strict environmental regulation, and a recovering global economy. Throughout this forecast period, significant patterns are expected to emerge such as a surge in demand in various end-use industries, advancements in the realm of nanotechnology, increased concentration on sustainable and environmentally friendly approaches, emerging uses in sunscreens and cosmetics, and worldwide challenges in the supply chain.
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What trends are poised to drive the future success of the zinc oxide market?
Key players in the zinc oxide market are strategically focusing on the development of unique solutions like zinc oxide granules, which counter the issue of dust creation during powder addition to mixers while ensuring the same superior quality and performance. Zinc oxide granules, which are essentially solid, coarse versions of zinc oxide, are widely popular as raw materials in the rubber, ceramics, and cosmetics industries for their anticorrosive, UV shielding, and antimicrobial features. For example, Uviva Technologies GmbH, a Germany-based chemical producer, in April 2024 introduced the Eclipse G1 zinc oxide granules. These granules represent an innovative, free-flowing zinc oxide solution designed to boost the handling and formulation procedures in cosmetics and suncare. Notably, the Eclipse G1, unlike conventional powders, curtails dust generation during addition to mixing containers, which results in a cleaner and more productive formulation setting. Composed entirely of zinc oxide without any additional substances, it delivers identical high-end performance and facilitates simple handling and formulation adaptability. Consequently, this progress enables formulators to assimilate zinc oxide without depending on dispersions, making it a versatile and efficient solution for product innovation.
Which primary segments of the zinc oxide market are driving growth and industry transformations?
The zinc oxide market covered in this report is segmented -
1) By Process: Indirect, Direct, Wet Chemical, Other Processes
2) By Grade: Standard, Chemical, Pharma, Food, Other Grades
3) By Application: Rubber, Ceramics, Chemicals, Cosmetics And Personal Care, Paints And Coatings, Pharmaceuticals, Agriculture, Other Applications
Subsegments:
1) By Indirect Process: French Process, Thermal Decomposition, Other Methods
2) By Direct Process: Direct Reactivity With Zinc, Vapor Phase Oxidation, Other Methods
3) By Wet Chemical Process: Precipitation Method, Solvothermal Method, Other Methods
4) By Other Processes: Biochemical Methods, Electrochemical Methods, Other Innovative Processes
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Which geographical regions are pioneering growth in the zinc oxide market?
Asia-Pacific was the largest region in the zinc oxide market in 2024. The regions covered in the zinc oxide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the zinc oxide market landscape?
Major companies operating in the zinc oxide market include Zinc Oxide LLC, EverZinc, Rubamin Pvt. Limited, Grupo Promax, Weifang Longda Zinc Industry Co. Ltd., Yongchang Zinc Industry Co. Ltd., Zochem, Suraj Udyog, J G Chemicals Private Chemicals, Akrochem Corporation, Pan Continental Chemical, Lanxess AG, Upper India, Zinc Nacional S.A, L. Brüggemann KG, Silox SA, U.S. Zinc, H. Chemicals, GH Chemicals, Chemet, Mario Pilato Blat SA, Hindustan Zinc Limited, Altana AG, American Elements, Anhui Linghu Paint Co. Ltd., BASF SE, Croda, Grillo SpA, Hakusui Tech Co. Ltd., Hanil Chemical Industry Co. Ltd., Nanophase Technologies Corporation, Sakai Chemical Industry Co. Ltd., Sukgyung AT Co. Ltd., Sunjin Chemical, Taekyung SBC. Co. Ltd., Tata Chemicals Ltd., Tayca Corporation, ZM SILESIA SA
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What Is Covered In The Zinc Oxide Global Market Report?
• Market Size Forecast: Examine the zinc oxide market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the zinc oxide market for a structured understanding.
• Key Players Overview: Analyze major players in the zinc oxide market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the zinc oxide market.
• Segment Contributions: Evaluate how different segments drive overall growth in the zinc oxide market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the zinc oxide market.
• Industry Challenges: Identify potential risks and obstacles affecting the zinc oxide market.
• Competitive Landscape: Review strategic developments in the zinc oxide market, including expansions, agreements, and new product launches.
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