Zinc Oxide Market size is estimated to reach USD 8.1 billion by 2030

 Zinc Oxide Industry Overview

The global zinc oxide market size is estimated to reach USD 8.1 billion by 2030, registering a CAGR of 6.9% during the forecast period, according to a new report by Grand View Research, Inc. Growth can be attributed to the rising product demand for vulcanization of rubber in the tire industry. In addition, the growing consumption of premium skincare products in emerging economies due to the increasing disposable income is expected to drive market growth. The raw materials used to manufacture the product using direct processes include sulfuric acid and zinc chloride. The availability of raw material impacts zinc oxide (ZnO) prices and production.


Zinc Oxide Market Segmentation

Grand View Research has segmented the global zinc oxide market on the process, application, and region:


Based on the Process Insights, the market is segmented into Indirect, Direct, Wet Chemical, and Others

  • The indirect process (French process) segment accounted for the largest revenue share of more than 82.5% in 2021. The segment will expand further at a steady CAGR retaining its leading position over the forecast period.
  • The wet chemical process is expected to grow with the fastest CAGR, in terms of revenue, over the forecast years. Zinc oxide obtained from this method is very fine in size, has a slow settling rate, and has good dispersion.
  • Other processes include the soft gel method, controlled precipitation, and mechanochemical process. Properties of the soft gel method include simplicity, reliability, low cost, and comparatively mild conditions of synthesis. 


Based on the Application Insights, the market is segmented into Rubbe, Ceramics, Chemicals, Cosmetics & Personal Care, Paints & Coatings, Pharmaceuticals, Agriculture, and Others

  • The rubber segment accounted for the largest revenue share of more than 41.00% in 2021. This is attributed to the high consumption of zinc oxide in the rubber industry owing to the growing production of tires. ZnO is used as a vulcanizing activator, a substance applied in small doses to increase the effectiveness of the vulcanization accelerator. 
  • The ceramics segment is projected to hold the second-largest market share by 2030. Desirable properties of ZnO in the production of ceramics include relatively high heat capacity, high-temperature stability, thermal conductivity coupled with a comparatively low coefficient of expansion.
  • ZnO is used as a vulcanizing activator, a substance applied in small doses to increase the effectiveness of the vulcanization accelerator. It is also used as a curing or cross-linking agent for halogen-containing elastomers, such as neoprene or polysulfides.


Zinc Oxide Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Key Companies Profile & Market Share Insights

The market has the presence of large-scale multinational players having a well-established and strong distribution network across the globe. Players are investing more in research & development activities to produce high-performance products. 

Some prominent players in the global zinc oxide market include:

  • S. Zinc
  • Zinc Oxide LLC
  • EverZinc
  • Rubamin
  • Grupo Promax
  • Weifang Longda Zinc Industry Co., Ltd.
  • Yongchang zinc industry Co., Ltd.

 

Order a free sample PDF of the Zinc Oxide Market Intelligence Study, published by Grand View Research.

 

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