Zinc Oxide Market Report 2025

The zinc oxide market size has grown strongly in recent years. It will grow from $4.93 billion in 2024 to $5.26 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to emerging economies demand, medical and pharmaceutical uses, focus on sustainable agriculture, regulatory compliance, global economic trends.

The zinc oxide market size is expected to see strong growth in the next few years. It will grow to $6.84 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to rising demand in the electronics industry, expanding cosmetics industry, increased focus on sustainable practices, stringent environmental regulations, global economic recovery. Major trends in the forecast period include growing demand in end-use industries, advancements in nanotechnology, focus on sustainable and eco-friendly practices, emerging applications in sunscreen and cosmetics, global supply chain challenges.

The growth of rubber manufacturing is expected to drive the expansion of the zinc oxide market in the future. Rubber is an elastic material obtained by coagulating the milky sap of various tropical plants, which is then processed into sheets and dried. Zinc oxide serves as an activator for the vulcanization of rubber and aids in the processing of uncured rubber. For instance, a report from the Statistics & Planning Department Rubber Board, a government body in India, noted that natural rubber (NR) production in India increased by 2.6 percent year-over-year in April 2024, reaching 40,000 metric tons. Additionally, a report from The European Forest Institute (EFI), a research organization based in Finland, stated that Thailand is the world’s leading producer of natural rubber, generating over 4.7 million tonnes in 2022, which accounts for approximately one-third of the global rubber production. Thus, the rising rubber manufacturing is propelling the growth of the zinc oxide market.

The growth of the zinc oxide market is expected to be driven by the expanding chemical production sector. Chemical production involves the manufacturing of chemicals for diverse applications, including agriculture, pharmaceuticals, construction, and manufacturing. Zinc oxide (ZnO) plays a crucial role in chemical production across various industries due to its unique physical and chemical properties. It is utilized in the production of chemicals such as zinc stearate, zinc diacrylate, and zinc borate, applied in plastics, rubbers, flame-retardant materials, and pharmaceuticals. For example, BASF SE reported in February 2023 that global chemical production (excluding pharmaceuticals) is projected to grow by 2%, with China's chemical production, the largest global market, expected to grow by 5.9%. This highlights how the expanding chemical production is contributing to the growth of the zinc oxide market.

Leading companies in the zinc oxide market are concentrating on developing innovative solutions, such as zinc oxide granules, to minimize dust formation when adding powder to mixing vessels while maintaining exceptional quality and performance. Zinc oxide granules are solid, granular forms of zinc oxide that are widely utilized as raw materials in various industries, including rubber, ceramics, and cosmetics, due to their anti-corrosive, UV-protective, and antimicrobial properties. For instance, in April 2024, Uviva Technologies GmbH, a chemical manufacturing company based in Germany, introduced the Eclipse G1 zinc oxide granules. This novel, free-flowing zinc oxide solution is designed to improve handling and formulation processes in cosmetics and sun care products. Unlike conventional powders, Eclipse G1 reduces dust formation when added to mixing vessels, resulting in a cleaner and more efficient formulation environment. Composed of 100% zinc oxide without any additives, it delivers the same high-quality performance while offering the advantages of easy handling and flexibility in formulation. This innovation enables formulators to use zinc oxide without depending on dispersions, providing a versatile and practical solution for product development.

Leading companies in the zinc oxide market are strategically pursuing collaborations to enhance their competitive position. Such collaborations are instrumental in fostering growth, innovation, and sustainability while helping companies stay competitive, expand their market presence, and introduce new products that align with evolving customer needs. For instance, in August 2023, Nevada ZInc., a Canada-based exploration and development stage company focused on zinc production, joined forces with BelZInc., a Belgian-based zinc producer, to produce zinc oxide. This collaboration involves extracting high-grade zinc oxide from Nevada Zinc's Lone Mountain mine in Nevada, US, utilizing BelZinc's zinc processing technology. BelZinc employs a patented zinc processing technique to convert non-sulfide zinc ore into high-grade zinc oxide. According to Nevada ZInc., this approach in smelting plants can reduce emissions by producing high-grade zinc delivered to zinc smelters.

In June 2022, US ZInc., a global provider and manufacturer of various zinc products based in the US, acquired EverZinc for an undisclosed amount. Through this acquisition, US Zinc expands its portfolio of zinc products, aiming to drive innovation in product development. EverZInc., a US-based manufacturer of zinc chemicals, including zinc oxide, is part of this strategic move to strengthen the company's position in the 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.

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. The countries covered in the zinc oxide market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Zinc oxide, an inorganic compound, occurs naturally as the mineral zincite. Widely utilized as a white pigment, zinc oxide also serves as a bulking agent or filler.

The primary production processes for zinc oxide include indirect, direct, wet chemical, and others. The indirect process, known as the French process, is conducted in a vertical furnace featuring a vertical refining column, original vertical charge, rotary combustion chamber, and vaporizer with an electric arc. This method involves melting metallic zinc in a furnace and allowing it to vaporize at approximately 910 °C. Zinc oxide comes in various grades, such as standard, chemical, pharma, food, and others, catering to diverse applications such as rubber, ceramics, chemicals, cosmetics and personal care, paints, coatings, pharmaceuticals, agriculture, and more.

The zinc oxide market research report is one of a series of new reports that provides zinc oxide market statistics, including zinc oxide industry global market size, regional shares, competitors with a zinc oxide market share, detailed zinc oxide market segments, market trends and opportunities, and any further data you may need to thrive in the zinc oxide industry. This zinc oxide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The zinc oxide market consists of sales of crude zinc oxide, wurtzite zinc oxide, and zincblende zinc oxide. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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