Global Zinc Oxide Market By Process (Wet Chemical, Direct, and Indirect), By Application (Chemicals, Rubber, Pharmaceuticals, Ceramics, Paints & Coatings, Cosmetics and Personal Care, and Agriculture), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

Zinc Oxide Market Overview:

The global zinc oxide market accounted for USD 4,516 million in 2021. It is expected to rise at a 7.1% CAGR, between 2023 to 2032.

This development is a result of the high heat conductivity and high refractive index characteristics of zinc oxide (ZnO). They also provide UV protection and antibacterial properties. It is used in many industries. These include ceramics, pharmaceuticals, and the cosmetics industry. Over the forecast period, the market will see a lot of growth due to the rising demand for zinc oxide particles.

Global Zinc Oxide Market Scope:

Process Analysis

In 2021, the indirect process segment (French Process) accounted for more than 83.7% of the total revenue. This segment will continue to grow at a steady CAGR while maintaining its leadership position for the forecast period. This is due to the fact that the French process produces zinc oxide the fastest and most efficiently. Over the next few years, the wet chemical process will grow at the highest CAGR in terms of revenue. This method produces zinc oxide that is extremely fine in size and has a slow rate of settling. It also has good dispersion. The properties of ZnO wet chemical grades, including porosity, specific area, morphology, and quality, can vary depending on the process conditions and precursors. Other procedures include the mechanochemical procedure, the soft gel approach, and controlled precipitation. The soft gel approach creates relatively moderate conditions for synthesis and is easy, dependable, and affordable. Controlled precipitation is a spontaneous and rapid reduction of a solution containing zinc salt. The reducing agent limits the growth of particles with specified dimensions. This is followed by precipitation from the solution of a precursor ZnO.

Application Analysis

The global market can be divided by applications into rubber, ceramics, and chemicals, chemical products, cosmetics & personal, paints, pharmaceuticals, and agriculture. In 2021, the rubber segment was responsible for more than 41.00% of global revenue. The growing tire production has resulted in high demand for zinc oxide in rubber industries. ZnO can be used in small amounts to enhance the effectiveness of the accelerator’s vulcanizing action. It can also be used to cure or crosslink halogen-containing rubber elastomers such as polysulfide or Neoprene.

By 2030, the ceramics market will hold the second largest share. ZnO is a desirable material for ceramic production. It has a high heat capability, high-temperature stability, thermal conductivity, and comparatively low coefficients of expansion. ZnO can be used for ceramic applications in both direct and indirect processes. ZnO is used in a wide variety of cosmetic products such as foundations, lip products, and mineral make-up bases. It aids cosmetics in adhering to the skin. It is also a broad-spectrum UV absorber, which effectively reduces UV radiation in the UVA as well as UVB ranges. ZnO is a wound healer that keeps wounds clean and moist.

Кеу Маrkеt Ѕеgmеntѕ:

By Process

• Wet Chemical
• Direct
• Indirect
• Other Processes

By Application

• Chemicals
• Rubber
• Pharmaceuticals
• Ceramics
• Paints & Coatings
• Cosmetics and Personal Care
• Agriculture
• Other Applications

Market Dynamics:

The market growth will be slowed by the potential for toxic zinc oxide fumes, which can cause fever, headaches, chills, and a metallic taste in your mouth. Also, fluctuating prices of the product could also act as a restraining factor. Zinc oxide, an inorganic compound that is insoluble in water, can also be used in many products as an additive. Zinc oxide is found in the Earth’s crust as a mineral. Commercially available zinc oxide is synthetic. The FDA established a standard for ZnO levels that can be used in sunscreens and other skin protection products. The market value chain includes raw material suppliers and manufacturers, distributors, end users, and retailers. Zinc chloride and sulfuric acids are the raw materials needed for the direct production of zinc oxide.

Regional Analysis

The Asia Pacific region had a greater revenue share than 32.7% in 2021. The large regional manufacturing base, which houses many end-use industries, including pharmaceuticals, rubber, and ceramics, is responsible for this high revenue share. The region’s market growth will be driven by the rising demand for skincare products and the increase in tire manufacturing in India and China. China is the largest ZnO producer and consumer worldwide. The growing population, increasing urbanization, and an increase in disposable income in China and India will all drive demand for paints & coatings. In the near future, paints and coatings will be more in demand due to the growing housing and construction industry in China. With a 17.1% revenue share in 2021, North America is a major player in the zinc oxide market. Due to its presence of major industry players, the U.S. plays a significant role in the North American market. Market growth will be boosted by the increasing demand for ZnO in the cosmetics and pharmaceutical industries, which is due to the growing geriatric population.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Large multinational companies are present in the market with a strong global distribution network. To produce high-performance products, players are increasing their research and development investments. U.S. Zinc is a leading global manufacturer of ZnO. It serves many end-use industries such as rubber, chemicals, and ceramics.

Маrkеt Кеу Рlауеrѕ:

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

For the Zinc Oxide Market research study, the following years have been considered to estimate the market size: