Zinc Oxide Industry Overview
The global zinc oxide market size was valued at USD 4.43 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 6.9% from 2022 to 2030.
This growth can be attributed to the properties of zinc oxide (ZnO), such as high thermal conductivity, high refractive index, UV protection, antibacterial, and binding properties. The product is used in a wide range of industries. Some of these include rubber, ceramics, pharmaceuticals, and cosmetics industries. The rising demand for zinc oxide nanoparticles is expected to provide ample growth opportunities to the market over the forecast period.
Gather more insights about the market drivers, restrains and growth of the Global Zinc Oxide Market
However, the toxic nature of zinc oxide fumes causing fever, headache, chills metallic taste in the mouth and fluctuating prices of the product are likely to act as restraining factors for the market growth. Zinc oxide is an inorganic compound, which is insoluble in water and is also used as an additive in several products. It is found in the crust of the Earth as the mineral zincite. However, commercially used zinc oxide is mostly synthetic. The FDA has set the standard for the amount of ZnO that can be used in over-the-counter sunscreen and skin protectant products both at concentrations up to 25.0%.
The value chain of the market includes raw material suppliers, manufacturers, distributors, and end users. The raw materials required for the production of zinc oxide by the direct process are zinc chloride and sulfuric acid. The aforementioned raw materials are supplied by various companies present in the market including Pan-Continental Chemical Co., Flaurea Chemicals, Zaclon LLC, BASF SE, INEOS, and others.
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Zinc Oxide Market Segmentation
Grand View Research has segmented the global zinc oxide market on the process, application, and region:
Zinc Oxide Process Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Indirect
- Direct
- Wet Chemical
- Others
Zinc Oxide Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Rubber
- Ceramics
- Chemicals
- Cosmetics Personal Care
- Paints Coatings
- Pharmaceuticals
- Agriculture
- Others
Zinc Oxide Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- South America
- Middle East Africa
Market Share Insights
- September 2017: Zinc Oxide LLC acquired Zochem Inc., a subsidiary of American Zinc Recycling Corp. LLC. This deal has increased the revenue and production capacity of the company.
Key Companies profiled:
Some prominent players in the global zinc oxide market include
- U.S. Zinc
- Zinc Oxide LLC
- EverZinc
- Rubamin
- Grupo Promax
- Weifang Longda Zinc Industry Co., Ltd.
- Yongchang zinc industry Co., Ltd.
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