Press release
Zinc Oxide Market on Path to Hit $6.67 Billion by 2029 at 6.5% CAGR
Zinc Oxide
Zinc Oxide Market Outlook: What Size And CAGR Are Anticipated By 2025?
There has been a notable expansion in the zinc oxide market size in the past few years. The market is projected to escalate from the value of $4.93 billion in 2024 to reach $5.19 billion in 2025, growing at a compound annual growth rate (CAGR) of 5.4%. This growth during the historic period was influenced by factors including the rising demand from emerging economies, uses in the medical and pharmaceutical sectors, a focus on sustainable agriculture, regulatory compliance, and global economic trends.
What Is the Expected CAGR for the Zinc Oxide Market Growth Through 2029?
The market size of zinc oxide is projected to experience robust growth in the coming years, escalating to $6.67 billion by 2029 with a compound annual growth rate (CAGR) of 6.5%. The expansion during the forecasted period can be credited to the surge in demand in the electronics sector, burgeoning cosmetics industry, intensifying emphasis on sustainable methods, strict environmental guidelines and worldwide economic revival. Key trends during the predicted period consist of rising demand in end-use sectors, progress in nanotechnology, focus on environmentally friendly and sustainable practices, upcoming utilizations in sunscreen and cosmetics, and challenges in the global supply chain.
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What Are the Primary Drivers Behind Zinc Oxide Market Growth?
The zinc oxide market's growth is projected to accelerate due to the rising production of rubber. Rubber, an elastic material derived from the latex of different tropical plants and processed into sheets before drying, utilizes zinc oxide as a vulcanization activator to process unrefined rubbers. For example, India's natural rubber (NR) production in April 2024 experienced a 2.6% yearly growth, reaching 40,000 metric tons, as reported by the Statistics & Planning Department Rubber Board, an Indian government agency, in June 2024. Additionally, according to a report by The European Forest Institute (EFI), a research organization based in Finland, Thailand emerged as the world's top natural rubber producer in June 2024. In 2022, the country produced over 4.7 million tonnes of natural rubber, contributing to roughly one-third of the global total rubber production. Consequently, higher rubber manufacturing rates are enhancing the expansion of the zinc oxide market.
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What Are the Key Segments Driving Zinc Oxide Market Growth?
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
What Are the Technological Trends Impacting the Zinc Oxide Market?
Leading enterprises in the zinc oxide industry are striving to invent new methodologies like the use of zinc oxide granules, a solution aimed at inhibiting the creation of dust while pouring the powder into blending containers, without compromising the superior quality and efficiency. These granules, which are condensed, small particle versions of zinc oxide, are in high demand in sectors such as rubber, ceramics, and cosmetics for their abilities to resist corrosion, protect against UV rays, and fight against microbes. Uviva Technologies GmbH, a German chemical manufacturing firm, introduced, in April 2024, a unique, easy-flow zinc oxide solution called Eclipse G1 zinc oxide granules. These granules are adept at reducing dust generation while being inserted into blending containers, thus ensuring a tidier and more productive formula preparation scenario. Eclipse G1 is made entirely of zinc oxide and free from any additives, thus maintaining the same high standard of performance, but with the eased handling and adaptability in formulation. This innovative step provides formulators with the freedom to include zinc oxide without the need for dispersions, thus offering a flexible and practical approach to product creation.
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Who Are the Major Competitors in the Global 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 Region Dominates the Zinc Oxide Market Share in 2025?
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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Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267,
Email: saumyas@tbrc.info
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