Press release
2025-2034 Zinc Oxide Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Zinc Oxide
What Is the Expected CAGR for the Zinc Oxide Market Through 2025?
The size of the zinc oxide market has seen a significant increase in the last few years. The market is expected to surge from $4.93 billion in 2024 to $5.26 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.8%. The rapid growth observed in the historic period can be credited to factors such as the demand from emerging economies, its uses in medical and pharmaceutical sectors, emphasis on sustainable agriculture, regulatory conformity, and global economic trends.
What's the Projected Size of the Global Zinc Oxide Market by 2029?
Anticipations of robust expansion are projected for the zinc oxide market in the coming years, with the potential to reach a valuation of "$6.84 billion by 2029, propelling at a compound annual growth rate (CAGR) of 6.8%. The projected expansion during the forecast period can be associated with escalating demand within the electronics sector, the flourishing cosmetics industry, an accentuated focus on sustainable practices, strict environmental guidelines, as well as global economic resurgence. Notable emerging trends consist of increased demand in end-user sectors, progress in nanotechnology, emphasis on sustainable and eco-friendly solutions, novel applications in sunscreen and cosmetics, and the global hurdles in supply chain.
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Top Growth Drivers in the Zinc Oxide Industry: What's Accelerating the Market?
The anticipated growth of the zinc oxide market is expected to be driven by the escalation in rubber production. Derived from the coagulation of the milky sap of various tropical plants, rubber is a flexible material that is prepared into sheets and dried. Zinc oxide is instrumental in the vulcanization of rubber, facilitating the processing of raw or untouched rubbers. For example, in June 2024, the Statistics & Planning Department Rubber Board, a government unit in India, reported a year-over-year increase of 2.6 percent in India's natural rubber (NR) production in April 2024, hitting 40,000 metric tons. Similarly, in June 2024, The European Forest Institute (EFI), a research organization based in Finland, acknowledged that Thailand is the leading global producer of natural rubber. The country reportedly produced above 4.7 million tons of natural rubber in 2022, which constitutes about one-third of the globe's total rubber production. Consequently, the escalation in rubber manufacturing is bolstering the growth of the zinc oxide market.
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What Trends Will Shape the Zinc Oxide Market Through 2029 and Beyond?
Key players in the zinc oxide market are investing in innovative product development, such as the creation of zinc oxide granules. These granules address the issue of dust generation when powder is added to mixers without compromising excellent quality and performance. Zinc oxide granules, being compact, grainy forms of zinc oxide, are extensively employed in several sectors such as rubber, ceramics, and cosmetics, attributable to their anti-corrosive, UV-resistant, and antimicrobial characteristics. An example is the Eclipse G1 zinc oxide granules introduced by Germany's chemical manufacturing firm, Uviva Technologies GmbH, in April 2024. Eclipse G1, an innovative, free-flowing zinc oxide solution, was designed to improve handling and formulation procedures in the cosmetics and suncare sectors. Unlike conventional powders, Eclipse G1 reduces dust generation when incorporated into mixing containers, facilitating a cleaner, more effective formulation setting. Crafted from 100% zinc oxide without any supplementary constituents, it delivers a comparable high-quality performance, with the bonus of ease of handling, and adaptability in formulation. This innovation makes it possible for formulators to include zinc oxide without depending on dispersions, paving the way for a versatile and pragmatic alternative for product development.
What Are the Main Segments in the Zinc Oxide Market?
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 Top Companies are Driving Growth in the Zinc Oxide Market?
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
Which Regions Will Dominate the Zinc Oxide Market Through 2029?
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
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