Zinc Oxide Market Size Worth $7,924.04 Million By 2032 | CAGR: 5.6%

Zinc Oxide Market Size Worth $7,924.04 Million By 2032 | CAGR: 5.6%


The global zinc oxide market size is expected to reach USD 7,924.04million by 2032, according to a new study by Polaris Market Research. The report “Zinc Oxide Market Share, Size, Trends, Industry Analysis Report, By Form (Powder, Pellets), By Process (Indirect, Direct, Wet Chemical, Others), By Application, By Region, And Segment Forecasts, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market for zinc oxide is growing due to its increasing use in various industries, such as cosmetics, pharmaceuticals, rubber, coatings, and tires. These industries rely on zinc oxide for its unique properties and benefits in their respective applications. While there are other methods of producing zinc oxide, the indirect or French process is still the most commonly used in the industry. Zinc oxide is also used as a curing agent for elastomers that contain halogen, which are commonly used in gaskets, seals, and other rubber components that require resistance to harsh conditions. Additionally, zinc oxide improves the thermal conductivity of rubber, preventing excessive heat buildup and improving their overall performance and resistance to thermal degradation.

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Zinc oxide is a useful active ingredient in products designed to treat acne due to its beneficial properties. Its antimicrobial properties effectively fight the bacteria that cause acne breakouts while promoting wound healing by creating a protective barrier on the skin. Additionally, zinc oxide can treat fungal infections, such as athlete's foot, by inhibiting the growth of fungi responsible for such infections. Companies like Zochem are increasing their production capacities to meet the growing demand for zinc oxide, allowing them to expand their product offerings and strengthen their market position.

Zinc Oxide Market Report Highlights

  • Chemical segment registered steady growth rate, owing to its inertness, insolubility, and low oil absorption rate
  • Oil & gas segment garnered largest share, owing to rise in drilling activities in Middle East, and other emerging nations
  • North America region dominated the global market with largest share in 2022, due to the presence of multi-national companies, and its technical prowess
  • The global key market players include VGL Group, Art.com, Uprise Art, Saatchi Art, Society6, Minted, Artsy, 1stdibs.com, Artnet Worldwide, and Artspace.

Polaris Market Research has segmented the zinc oxide market report based on form, process, application, and region:

Zinc Oxide, Form Outlook (Revenue - USD Million, 2023 - 2032)

  • Powder
  • Pellets
  • Liquid

Zinc Oxide, Process Outlook (Revenue - USD Million, 2023 - 2032)

  • Indirect
  • Direct
  • Wet Chemical
  • Others

Zinc Oxide, Application Outlook (Revenue - USD Million, 2023 - 2032)

  • Automotive
  • Construction
  • Cosmetics and Personal Care
  • Paints & Coatings
  • Pharmaceuticals
  • Agriculture
  • Others       

Zinc Oxide, Regional Outlook (Revenue - USD Million, 2023 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Zinc Oxide Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 4,870.55 million

Revenue forecast in 2032

USD 7,924.04 million

CAGR

5.5% from 2023 – 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2032

Segments covered

By Form, By Process, Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

LANXESS, IEQSA, Zynk Energy, Zinc Nacional, HAKUSUI TECH, Neo Zinc Oxide, Rubamin, Tata Chemicals, TOHO ZINC, TP Polymer, Zinc Oxide Australia, and Zochem.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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