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Zinc oxide market Outlook from 2024 to 2034

The global zinc oxide market is estimated to be worth USD 4,449.6 million by 2024 and is projected to reach a value of USD 8,273.5 million by 2034. Over the projection period, global demand for veterinary rapid tests is predicted to increase at a CAGR of 6.4%. The established key player holds a strong position in the sector while smaller players are applying various key strategies to gain substantial sector share in the current era.

The sector is set to witness prominent growth in projected years. In this substantial growth, several industry manufacturers are expected to play a crucial role in the route of this market expansion and have leveraged the unique properties of zinc oxide to drive their production process. Manufacturers are anticipated to launch sustainable product lines to attract environmentally friendly consumers and others in the coming years.

The zinc oxide is essential in rubber manufacturing. The demand for rubber is increasing in various industries nowadays. The automobile sector is vying for a prominent market share owing to the requirement for rubber products such as tires, windshields, and others. Wherever the zinc oxide sector also holds the dominating position in the pharmaceutical sector. The growing demand for zinc oxide including products such as medicines and skin care creams is accelerating the demand for zinc oxide in various nations in the current period.

The several regions such as North America, and Asia Pacific have been seen in the upgradation process of their products in recent years. Also, stakeholders are applying different strategies for the promotion of the products and are ready to gain a prominent industry share. By creating partnerships with various educational and chemical institutes, producers are constantly seen in the enhancement of zinc oxides. The expansion of infrastructure activities in emerging economies such as India, Thailand, and japan can lead the sector growth for the foreseeable period.

Attributes Description
Estimated Global Zinc Oxide Market Size (2024E) USD 4,449.6 million
Projected Global Zinc Oxide Market Value (2034F) USD 8,273.5 million
Value-based CAGR (2024 to 2034) 6.4%

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Key Industry Highlights

Need For the Ceramic Products to Lead the Way in Market Expansion

The upsurge in the usage of zinc oxide in ceramic products is presumed to lead to the demand for zinc oxide during the projected years. By providing greater control transparency or opacity to the glaze, zinc oxide has gained popularity among ceramic manufacturers over the years. Moreover, having the ability to the enhancement of whiteness and color consistency of ceramic surfaces, zinc oxide has emerged as the prominent ingredient in the ceramic industry nowadays.

Regulatory Standards are Setting up Industry Barriers

The increasing regulator standards for zinc oxide in feed applications in animals are expected to hinder the demand for zinc oxide in the coming years. Individuals are increasingly using zinc oxide in their animal diet to complete their zno needs but this excess of zno feeding in animals results in reduced feed intake and growth in animals. Therefore, several governments are actively implementing initiatives to reduce this excess use of zno in animal feed nowadays.

The properties such as excellent biocompatibility and others create substantial growth opportunities

Having excellent biocompatibility and low toxicity is anticipated to create lucrative opportunities for zinc oxide nanoparticles during the projected period. The Nanoparticles are expected to merge as an important element in anticancer and antibacterial applications.

2019 to 2023 Global Zinc Oxide Sales Analysis Compared to Demand Forecasts for 2024 to 2034

The evaluation of the estimated sector, the zinc oxide side production in the multiple components bolsters the consumption at the CAGR 2.90% of 2019 to 2023. That is utilized in multiple end-use industries like rubber, paints and coating, personal care and cosmetics, textiles, and others. Zinc oxide is highly demanded in the personal care and cosmetic sectors for the formulation of numerous products due to the non-availability of appropriate knowledge and technologies for manufacturing techniques hampering the growth of revenues.

The continued research and development by the various academies is an upsurge in industry development. The manufacturers and the government are significantly investing in the research and innovation sector to develop economic growth and fulfill the consumer's needs.

Recently zinc oxide has gained popularity in the textile and pharmaceutical industries are estimated to expect a valuation of a CAGR of 6.4% through 2034 2034. The multipurpose use of zine-like in India is utilized for the construction sector also aided by the number of government flagships that promote the expansion of the market surge in the demand for zine oxide.

In the pharmaceutical industry, zinc oxide plays a vital role due to its biochemical properties and the advantageous characteristics of flourishing industry upswings. The rising focus on research and development are efforts to innovate product technologies that prioritize sustainability. This advancement offerings growth opportunities.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Comparative Market Overview

A meticulous scrutiny of not only the zinc oxide market but also the intimately associated domains of calcium oxide and amine oxide has been conducted, leading to a profound comprehension of the overarching ecosystem.

The sudden expansion of the construction sector is expected to lead to the calcium oxide industry growth in the coming years. Moreover, some barriers are restraining sector growth such as environmental concerns, and others in the current situation.

Calcium Oxide Industry Assessment:

Attributes Description
Related Sector Calcium Oxide Market
CAGR (2024 to 2034) 5.3%
Growth Factor Need for calcium oxide in steel cement industries
Opportunity Calcium oxide is profitable in the construction industry
Key Challenge Rising environmental concerns

Individuals are increasingly demanding personal care products which include amine oxide known as a mild surfactant. However, some factors hampering amine oxide demand such as the snowballing use of green alternatives. Moreover, home cleansing products are contributing to the sector's growth.

Amine Oxide Industry Assessment:

Attributes Description
Related Sector Amine Oxide Industry
CAGR (2024 to 2034) 4%
Growth Factor Increase in the demand for mild surfactants especially from the personal care industry
Opportunity Amine oxides are slowly finding their foothold in agricultural adjuvants and oil field chemicals
Key Challenge Destructive effects of chlorine bleach and snowballing use of green alternatives

Category-wise Insights

A deep analysis of segmentation is below. In terms of grade type, the industrial segment is estimated to account for a share of 74.9% by 2034. By application, the rubber sector is anticipated to dominate by holding a share of 46.3% in 2034.

Industrial Grade is a Prominent Grade Type within the Zinc Oxide Market

Segment Industrial
Value Share (2034) 74.9%

The industrial grade is widely utilized due to its physical and chemical qualities, which make it suited for usage in a variety of end-use industries, including the rubber industry. Rubber is widely utilized in the automobile industry for the manufacture of tires and other vehicle components.

It is also utilized in a wide range of sectors, including building and construction, industrial machines, and others. The industrial grade of zinc oxide is less pure than the other two grades. Industrial-grade zinc oxide is widely used in the ceramics, chemical, paint and coatings, and rubber sectors.

Magnifying the durability and performance of the rubber industry

Segment Rubber
Value Share (2034) 46.3%

The rubber subdivision accounted for the large revenue in the projected period. The rubber sector utilizes zinc oxide in large quantities as it’s the key significant application area. Rubber vulcanization has been used to formulate tires, hoses, sports equipment, shoe bottoms, and so on rubber goods. It is the procedure that turns natural rubber into a robust material.

In every component production, there are 50 % zine oxide has been used. The pigmentary abilities provided by zine oxide develop the capacity of the rubbers to protect the product from heat friction and improve performance. These are the foremost factors that influence the growth of this segment.

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Country-wise insights

The zinc oxide industry builds greater dominance in the Asia Pacific and growth forefronts with India and China. Furthermore, the Germany and United Kingdom are the significant contributors in the market after India with a steady CAGR.

Countries CAGR from 2024 to 2034
United States 3.6%
Germany 3%
United Kingdom 2.5%
China 7.2%
India 9.5%

Zinc oxide is considered as a key ingredient in sunscreens and OTC drugs in the United States

The zinc oxide market in the United States is projected to experience a moderate growth rate with a 3.6% CAGR over the forecast period.

The skincare products industry is ready to gain a prominent market share in the nation during the forecast period. The usage of zinc oxide has been increasingly seen in the production of sunscreens and other over-the-counter drugs (OTC) in the United States in recent years. For instance, the US Food and Drug Administration approved the inclusion of active ingredients in sunscreen in 2021. These ingredients include zinc oxide additives.

The rubber industry is flourishing the sector is growing forward

China’s zinc oxide market is expected to experience gradual growth in the years ahead, with a projected CAGR of 7.2% until 2034, signaling a promising outlook.

The enlarged rubber industry is accelerating the zinc oxide market growth in China in the current period. Zinc oxide is recognized as an important aspect of the vulcanization process in rubber manufacturing. As manufacturers are increasingly seeking out greater product output, as a result, producers are highly using zinc oxide in the rubber manufacturing process for the greater physical properties of these rubber products in China.

The Rising Pharmaceutical Industry Boosts Zinc Oxide Demand in India.

The India zinc oxide market is poised for steady success, with a projected compound annual growth rate (CAGR) of 9.5%, propelling it to new heights.

The rapid expansion of the pharmaceutical industry is leading the demand for zinc oxide in India's current period. As the rising concern about skin irritations like cuts, burns, and diaper rash, individuals are increasingly seen using zinc oxide-included products. Zinc oxide can control these types of issues and also healthcare professionals are prescribing these types of medicines in the country nowadays.

Competition Outlook

Manufacturers are constantly increasing their product capacities to meet the consumer's demand. Also, manufacturers are increasingly seen in investing research and development activities for the enhancement of production. Producers are highly introducing new machinery in their project sites to reduce production burdens from the laborers.

Moreover, the stakeholders are applying key strategies for brand promotions such as digital marketing and online advertisements. Also, manufacturers are targeting emerging economies where mega infrastructure projects are emerging. By diversifying the product offerings for industries such as rubber and ceramic industry, producers are ready to gain substantial market potential during the forecast period.

Acquisition, Partnerships, and Merger

In 2023, Nevada Zinc has recently formed a partnership with BelZinc, a renowned zinc oxide producer, to expand its production capabilities. This partnership will enable Nevada Zinc to leverage BelZinc's expertise and state-of-the-art facilities to produce high-quality zinc oxide and meet the growing demand for this essential ingredient in various industries. Together, they are committed to delivering innovative solutions and exceptional value to their customers.

In 2024, LBB Specialties has recently established a significant partnership with VIZOR, a well-known player in the industry. This strategic alliance will enable LBB Specialties to offer a wide range of innovative products and services to its clients, ensuring that they receive top-notch solutions for their respective needs. With VIZOR's expertise and LBB Specialties' strong market presence, this partnership is expected to bring about positive changes and contribute to the growth of the industry.

Leading Dunnage Trays Brands

  • USA Zinc
  • Rubamin
  • Zinc Oxide LLC
  • Grupo Promax
  • Weifang Longda Zinc Industry Co. Ltd.
  • Yongchang Zinc Industry Co. Ltd.
  • Pan Continental Chemical
  • J.G. Chemicals
  • Akrochem
  • ZM Silesia

Key Segments of Market Report

By Grade:

Depending on the grade type, the segment is divided into Industrial, Pharma, and Food

By Process:

The process type is further separated into Wet Chemical, Indirect, and Direct

By Application:

The usage of zinc oxide in applications such as Rubber, Ceramics, Chemicals, Cosmetics and personal care, Paints & Coatings, Pharmaceuticals, Agricultural

By Region:

Regional analysis was conducted on the industry in North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa.

Frequently Asked Questions

How will the Industry Progress in the United States?

The CAGR of the industry from 2024 to 2034 in the United States is estimated to be 3.6%.

What is the Scope of the Zinc Oxide Market?

The industry is expected to grow at a CAGR of 6.4% from 2024 to 2034.

How is the Zinc oxide market?

The industry is expected to be worth USD 4,449.6 million in 2024.

How will the Industry Progress in Germany?

The CAGR of the industry from 2024 to 2034 in Germany is estimated to be 3%.

How Big Will the Zinc Oxide Market Be by 2034?

The industry is estimated to get as big as USD 8,273.5 million by 2034.

Table of Content

1. Executive Summary

2. Industry Introduction, including Taxonomy and Market Definition

3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments

4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections

5. Pricing Analysis

6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    6.1. Grade

    6.2. Process

    6.3. Application

7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Grade

    7.1. Industrial Grade

    7.2. Pharma Grade

    7.3. Food Grade

8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Process

    8.1. Indirect Process (French Process)

    8.2. Direct Process (American Process)

    8.3. Wet Chemical Process

9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application

    9.1. Rubber

    9.2. Ceramics

    9.3. Chemicals

    9.4. Cosmetics and Personal Care

    9.5. Paints & Coatings

    9.6. Pharmaceutical

    9.7. Agricultural

    9.8. Others

10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region

    10.1. North America

    10.2. Latin America

    10.3. Western Europe

    10.4. South Asia

    10.5. East Asia

    10.6. Eastern Europe

    10.7. Middle East & Africa

11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

14. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

16. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

18. Sales Forecast 2024 to 2034 by Grade, Process, and Application for 30 Countries

19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard

20. Company Profile

    20.1. Rubamin

    20.2. Zochem LLC

    20.3. Yongchang Zinc Industry Co. Ltd.

    20.4. Pan-Continental Chemical Co., Ltd.

    20.5. JG Chemicals Limited

    20.6. Akrochem Corporation

    20.7. ZM SILESIA SA

    20.8. Hindustan Zinc

    20.9. Weifang Longda Zinc Industry Co., Ltd

    20.10. LANXESS


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