Zinc Oxide Market
Zinc Oxide Market Size, Share & Trends Analysis Report by Grade (Industrial, Pharma, and Food), by Product (Wet Chemical, Indirect, and Direct), and by End-User Industry (Automotive, Construction, Food and Beverage, Personal Care & Cosmetics, Paints & Coatings, Pharmaceutical, and Agriculture) Forecast Period (2024-2031)
Zinc oxide market is anticipated to grow at a CAGR of 6.9% during the forecast period (2024-2031). Zinc oxide is a largely inert, white compound that is used very widely as a bulking agent or filler, and as a white pigment. It is found in some rubber, glass, and ceramic products, and finds use in the chemical industry as a catalyst. It is also used in paints as a corrosion inhibitor and for mildew control.
Market Dynamics
Growing rubber production
Zinc oxide is necessary to produce rubber. Rubber is becoming more and more in demand across several industries these days. The constituents of the Indian Rubber industry manufacture more than 35,000 rubber products for different uses and applications. Involving different kinds of natural rubber, synthetic rubber, and reclaimed rubber, the value-added rubber product includes tires and tubes, automobile rubber parts, belts and beltings, cables, cots and aprons, rubber and canvas footwear, fenders, gaskets, hygienic & pharmaceutical rubber goods, mattings, sports goods, and rollers among others. 100.0% Foreign Direct Investment (FDI) is allowed in the rubber goods industry of India by the Indian government. With the saturation in rubber consumption in Western countries and the shift in consumption of rubber to the Asia Pacific region, the focal point for this decade of development will be India. Indian rubber products are exported to around 190 countries in the world.
Market Segmentation
- Based on grade, the market is segmented into industrial, pharma, and food.
- Based on process, the market is segmented into wet chemical, indirect and direct.
- Based on the end-user industry, the market is segmented into automotive, construction, food and beverage, personal care & cosmetics, paints & coatings, pharmaceutical, and agriculture.
Automotive is projected to Emerge as the Largest Segment
The automotive application of ZnO is attributed to the growing tire industry as most of the rubber produced is used in automobiles for tire manufacturing. ZnO is used in the vulcanization of rubber. It is also used as a cross-linking or curing agent for halogen-containing elastomers like polysulfides and neoprene.
Indirect Sub-segment to Hold a Considerable Market Share
The process segment with the largest revenue share is dominated by indirect, or French, processes. This can be attributed to its characteristics as the fastest and most efficient production process. The quality of ZnO manufactured depends upon the type of zinc used during the process. For instance, special high-grade with 99.99% zinc concentration is used to produce gold seals or pharmaceutical grade, whereas ordinary with 99.95% concentration is adequate to produce zinc for the rubber industry.
Regional Outlook
The global zinc oxide market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Zinc Oxide Market Growth by Region 2024-2031
North America to Exhibit Highest CAGR during the Forecast Period
The North American region is growing as a result of the rising need for ZnO in rubber and ceramic applications. The rising demand for ceramics from several end-use industries including the automotive, electronics, energy, and medical sectors across the region is a key contributor to the regional market growth. Additionally, the growing demand for ZnO from the regional cosmetics and pharmaceutical industries due to its capacity to shield the skin from UV rays, prevent sunburn, and delay the aging process of the skin is further aiding the regional market growth.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global zinc oxide market include Zochem, Inc., Weifang Longda Zinc Industry Co., Ltd., EverZinc, Silox S.A., and Akrochem Corp. among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions among others to stay competitive in the market. For instance, in February 2022, Zochem Ltd. announced to increase in the amount of zinc oxide it could produce at its facility in Dickson, Tennessee. The Central Tennessee facility will have an additional 15,000 metric tons of capacity to meet the growing demand for zinc oxide.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global zinc oxide market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Ever Zinc (Zinc Corp.)
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Silox S.A.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Zochem, Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Zinc Oxide Market by Grade
4.1.1. Industrial
4.1.2. Pharma
4.1.3. Food
4.2. Global Zinc Oxide Market by Process
4.2.1. Wet Chemical
4.2.2. Indirect
4.2.3. Direct
4.3. Global Zinc Oxide Market by End-User Industry
4.3.1. Automotive
4.3.2. Construction
4.3.3. Food and Beverage
4.3.4. Personal Care & Cosmetics
4.3.5. Paints & Coatings
4.3.6. Pharmaceutical
4.3.7. Agriculture
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East & Africa
6. Company Profiles
6.1. Ace Chemie Zynk Energy Ltd.
6.2. AG CHEMI GROUP s.r.o.
6.3. Akrochem Corp.
6.4. Grupo Promax
6.5. Hakusui Tech
6.6. J.G. Chemicals Pvt. Ltd.
6.7. LANXESS AG
6.8. Pan-Continental Chemical Co., Ltd.
6.9. Tata Chemicals Ltd.
6.10. TOHO ZINC CO., LTD.
6.11. TP Polymer Private Ltd.
6.12. Upper India
6.13. Weifang Longda Zinc Industry Co. Ltd.
6.14. Yongchang Zinc Industry Co. Ltd.
6.15. Zinc-Co-India
6.16. Zinc Industrias Nacionales S.A.
6.17. ZM Silesia
1. GLOBAL ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY GRADE, 2023-2031 ($ MILLION)
2. GLOBAL INDUSTRIAL ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL PHARMA ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL FOOD ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
5. GLOBAL ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY PROCESS, 2023-2031 ($ MILLION)
6. GLOBAL WET CHEMICAL BASED ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL INDIRECT PROCESS BASED ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL DIRECT PROCESS BASED ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2023-2031 ($ MILLION)
10. GLOBAL ZINC OXIDE FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL ZINC OXIDE FOR CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL ZINC OXIDE FOR FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL ZINC OXIDE FOR PERSONAL CARE & COSMETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL ZINC OXIDE FOR PAINTS & COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. GLOBAL ZINC OXIDE FOR PHARMACEUTICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
16. GLOBAL ZINC OXIDE FOR AGRICULTURE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
17. GLOBAL ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
18. NORTH AMERICAN ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
19. NORTH AMERICAN ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY GRADE, 2023-2031 ($ MILLION)
20. NORTH AMERICAN ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY PROCESS, 2023-2031 ($ MILLION)
21. NORTH AMERICAN ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2023-2031 ($ MILLION)
22. EUROPEAN ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
23. EUROPEAN ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY GRADE, 2023-2031 ($ MILLION)
24. EUROPEAN ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY PROCESS, 2023-2031 ($ MILLION)
25. EUROPEAN ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2023-2031 ($ MILLION)
26. ASIA-PACIFIC ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
27. ASIA-PACIFIC ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY GRADE, 2023-2031 ($ MILLION)
28. ASIA-PACIFIC ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY PROCESS, 2023-2031 ($ MILLION)
29. ASIA-PACIFIC ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2023-2031 ($ MILLION)
30. REST OF THE WORLD ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
31. REST OF THE WORLD ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY GRADE, 2023-2031 ($ MILLION)
32. REST OF THE WORLD ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY PROCESS, 2023-2031 ($ MILLION)
33. REST OF THE WORLD ZINC OXIDE MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2023-2031 ($ MILLION)
1. GLOBAL ZINC OXIDE MARKET SHARE BY GRADE, 2023 VS 2031 (%)
2. GLOBAL INDUSTRIAL ZINC OXIDE MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL PHARMA ZINC OXIDE MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL FOOD ZINC OXIDE MARKET SHARE BY REGION, 2023 VS 2031 (%)
5. GLOBAL ZINC OXIDE MARKET SHARE BY PROCESS, 2023 VS 2031 (%)
6. GLOBAL WET CHEMICAL BASED ZINC OXIDE MARKET SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL DIRECT PROCESS BASED ZINC OXIDE MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL DIRECT PROCESS BASED ZINC OXIDE MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL ZINC OXIDE MARKET SHARE BY END-USER INDUSTRY, 2023 VS 2031 (%)
10. GLOBAL ZINC OXIDE FOR AUTOMOTIVE MARKET SHARE BY REGION, 2023 VS 2031 (%)
11. GLOBAL ZINC OXIDE FOR CONSTRUCTION MARKET SHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL ZINC OXIDE FOR FOOD AND BEVERAGE MARKET SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL ZINC OXIDE FOR PERSONAL CARE & COSMETICS MARKET SHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL ZINC OXIDE FOR PAINTS & COATINGS MARKET SHARE BY REGION, 2023 VS 2031 (%)
15. GLOBAL ZINC OXIDE FOR PHARMACEUTICAL MARKET SHARE BY REGION, 2023 VS 2031 (%)
16. GLOBAL ZINC OXIDE FOR AGRICULTURE MARKET SHARE BY REGION, 2023 VS 2031 (%)
17. GLOBAL ZINC OXIDE MARKET SHARE BY REGION, 2023 VS 2031 (%)
18. US ZINC OXIDE MARKET SIZE, 2023-2031 ($ MILLION)
19. CANADA ZINC OXIDE MARKET SIZE, 2023-2031 ($ MILLION)
20. UK ZINC OXIDE MARKET SIZE, 2023-2031 ($ MILLION)
21. FRANCE ZINC OXIDE MARKET SIZE, 2023-2031 ($ MILLION)
22. GERMANY ZINC OXIDE MARKET SIZE, 2023-2031 ($ MILLION)
23. ITALY ZINC OXIDE MARKET SIZE, 2023-2031 ($ MILLION)
24. SPAIN ZINC OXIDE MARKET SIZE, 2023-2031 ($ MILLION)
25. REST OF EUROPE ZINC OXIDE MARKET SIZE, 2023-2031 ($ MILLION)
26. INDIA ZINC OXIDE MARKET SIZE, 2023-2031 ($ MILLION)
27. CHINA ZINC OXIDE MARKET SIZE, 2023-2031 ($ MILLION)
28. JAPAN ZINC OXIDE MARKET SIZE, 2023-2031 ($ MILLION)
29. SOUTH KOREA ZINC OXIDE MARKET SIZE, 2023-2031 ($ MILLION)
30. REST OF ASIA-PACIFIC ZINC OXIDE MARKET SIZE, 2023-2031 ($ MILLION)
31. LATIN AMERICA ZINC OXIDE MARKET SIZE, 2023-2031 ($ MILLION)
32. MIDDLE EAST AND AFRICA ZINC OXIDE MARKET SIZE, 2023-2031 ($ MILLION)
