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    Zinc Oxide Market

    ID: MRFR/CnM/4646-CR
    140 Pages
    Chitranshi Jaiswal
    February 2021

    Zinc Oxide Market Research Report Information By Process (French/ Indirect Process, American / Direct Process, Wet Process, and Others), By Grade (Standard, Chemical, Pharma, Food, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2035.

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    Zinc Oxide Market Infographic
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    Zinc Oxide Market Summary

    As per MRFR analysis, the Zinc Oxide Market Size was estimated at 4.0 USD Billion in 2024. The Zinc Oxide industry is projected to grow from 4.233 in 2025 to 7.453 by 2035, exhibiting a compound annual growth rate (CAGR) of 5.82 during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The Zinc Oxide Market is currently experiencing robust growth driven by diverse applications and increasing demand across various sectors.

    • The market is witnessing a rising demand in cosmetics, particularly for its UV protection properties.
    • Growth in rubber applications is contributing to the overall expansion of the Zinc Oxide Market.
    • Sustainability initiatives are prompting manufacturers to adopt eco-friendly production methods.
    • Key drivers include the increasing use in pharmaceuticals and the expansion in paints and coatings, particularly in North America and the Asia-Pacific region.

    Market Size & Forecast

    2024 Market Size 4.0 (USD Billion)
    2035 Market Size 7.453 (USD Billion)
    CAGR (2025 - 2035) 5.82%

    Major Players

    Zinc Oxide LLC (US), American Zinc Recycling Corp (US), EverZinc (BE), Hindustan Zinc Limited (IN), Zinc Nacional S.A. de C.V. (MX), Shaanxi Nonferrous Tianhong Zinc Industry Co., Ltd. (CN), Grillo-Werke AG (DE), Mitsui Mining & Smelting Co., Ltd. (JP)

    Zinc Oxide Market Trends

    The Zinc Oxide Market is currently experiencing a dynamic phase characterized by evolving applications and increasing demand across various sectors. This compound, known for its versatile properties, is utilized in industries such as cosmetics, pharmaceuticals, and rubber manufacturing. The growing awareness regarding skin protection and the rising trend of using natural ingredients in personal care products appear to be driving the market forward. Furthermore, the expansion of the automotive sector, which employs zinc oxide in tires and coatings, suggests a potential for growth in this area as well. In addition to these factors, the Zinc Oxide Market is likely to benefit from advancements in production technologies and a shift towards sustainable practices. Manufacturers are increasingly focusing on eco-friendly methods to produce zinc oxide, which may enhance their competitive edge. The regulatory landscape is also evolving, with stricter guidelines promoting the use of safer and more efficient materials. As a result, the market seems poised for continued expansion, with opportunities emerging in both established and developing regions. Stakeholders are advised to remain vigilant regarding these trends to capitalize on potential growth avenues.

    Rising Demand in Cosmetics

    The Zinc Oxide Market is witnessing a surge in demand from the cosmetics sector, driven by an increasing preference for natural and mineral-based products. Consumers are becoming more conscious of the ingredients in their skincare and makeup items, leading to a greater inclination towards products containing zinc oxide for its protective and soothing properties.

    Growth in Rubber Applications

    The utilization of zinc oxide in rubber manufacturing is expanding, particularly in the production of tires and other rubber goods. This trend is likely influenced by the material's ability to enhance durability and performance, which is crucial for automotive applications. As the automotive industry continues to evolve, the demand for high-quality rubber products may further bolster this segment.

    Sustainability Initiatives

    There is a noticeable shift towards sustainable practices within the Zinc Oxide Market, as manufacturers adopt eco-friendly production methods. This trend reflects a broader commitment to environmental responsibility, with companies seeking to minimize their ecological footprint while meeting regulatory requirements. Such initiatives may not only improve brand reputation but also attract environmentally conscious consumers.

    The global zinc oxide market appears to be experiencing a robust demand driven by its diverse applications in industries such as rubber, ceramics, and cosmetics, suggesting a promising trajectory for future growth.

    U.S. Geological Survey

    Zinc Oxide Market Drivers

    Rising Demand in Agriculture

    The Zinc Oxide Market is witnessing a surge in demand from the agricultural sector, particularly in the formulation of fertilizers and animal feed. Zinc is an essential micronutrient for plant growth, and its deficiency can lead to reduced crop yields. The increasing focus on enhancing agricultural productivity is driving the adoption of zinc oxide in fertilizers, which is projected to grow at a CAGR of around 4% in the coming years. Moreover, the use of zinc oxide in animal feed supplements is gaining traction, as it promotes better health and growth in livestock. This trend indicates a growing recognition of the importance of micronutrients in agriculture, thereby positively impacting the Zinc Oxide Market. As agricultural practices evolve, the demand for zinc oxide is likely to continue its upward trajectory.

    Expansion in Paints and Coatings

    The Zinc Oxide Market is significantly influenced by the expansion of the paints and coatings sector. Zinc oxide serves as a vital ingredient in various coatings due to its excellent UV protection and anti-corrosive properties. The Zinc Oxide is anticipated to reach a valuation of over USD 200 billion by 2026, with zinc oxide playing a crucial role in this growth. The increasing demand for high-performance coatings in construction and automotive applications is expected to drive the consumption of zinc oxide. Additionally, the trend towards eco-friendly and sustainable coatings is likely to enhance the appeal of zinc oxide, as it is a non-toxic and environmentally friendly option. This trend suggests a promising future for the Zinc Oxide Market as it aligns with the evolving preferences of consumers and manufacturers alike.

    Increasing Use in Pharmaceuticals

    The Zinc Oxide Market is experiencing a notable increase in demand due to its extensive applications in the pharmaceutical sector. Zinc oxide is recognized for its therapeutic properties, particularly in topical ointments and creams for skin conditions such as dermatitis and acne. The market for pharmaceutical-grade zinc oxide is projected to grow at a compound annual growth rate (CAGR) of approximately 5% over the next few years. This growth is driven by the rising awareness of skin health and the increasing prevalence of skin disorders. Furthermore, the incorporation of zinc oxide in sunscreens and other dermatological products enhances its market presence. As consumers become more health-conscious, the demand for effective and safe pharmaceutical products containing zinc oxide is likely to rise, thereby bolstering the overall Zinc Oxide Market.

    Growing Awareness of Health and Safety

    The Zinc Oxide Market is increasingly influenced by the growing awareness of health and safety among consumers and manufacturers. Zinc oxide is widely recognized for its non-toxic and safe properties, making it a preferred choice in various applications, including cosmetics and personal care products. The rising consumer demand for natural and safe ingredients is prompting manufacturers to incorporate zinc oxide into their formulations. This trend is particularly evident in the sunscreen market, where zinc oxide is favored for its effectiveness in blocking harmful UV rays. As consumers become more discerning about product safety, the demand for zinc oxide is expected to rise, thereby positively impacting the Zinc Oxide Market. This heightened awareness suggests a promising outlook for the industry as it aligns with consumer preferences for health-conscious products.

    Technological Advancements in Production

    The Zinc Oxide Market is benefiting from technological advancements in production processes. Innovations in manufacturing techniques, such as the development of more efficient and environmentally friendly methods, are enhancing the quality and reducing the costs of zinc oxide production. For instance, the introduction of the French process and the American process has improved the yield and purity of zinc oxide, making it more appealing to various industries. These advancements are expected to increase the overall supply of zinc oxide, thereby meeting the rising demand across multiple sectors, including cosmetics, rubber, and electronics. As production technologies continue to evolve, the Zinc Oxide Market is likely to experience enhanced competitiveness and growth opportunities.

    Market Segment Insights

    By Process: French/Indirect Process (Largest) vs. American/Direct Process (Fastest-Growing).webp

    The Zinc Oxide Market showcases a notable distribution in its 'Process' segment, where the French/Indirect Process stands out as the largest contributor. This method's widespread adoption can be attributed to its efficiency and cost-effectiveness, establishing a significant foothold in the market. Meanwhile, the American/Direct Process is emerging as the fastest-growing segment, driven by an increasing demand for high-purity products and application versatility. The Wet Process and other methods remain smaller components of the market but play a role in specific applications. Recent shifts in the manufacturing techniques and rising environmental concerns are fueling growth in these segments. The American/Direct Process, with its quick processing and minimal environmental impact, is gaining traction among manufacturers focusing on sustainable production. Additionally, innovations and improvements in the Wet Process are helping it gain some attention, catering to niche markets that demand specific grades of zinc oxide, thus enhancing its growth prospects within the overall segment.

    French/Indirect Process (Dominant) vs. American/Direct Process (Emerging)

    The French/Indirect Process is characterized by its ability to produce high-quality zinc oxide with a distinct size and surface characteristic, making it preferred for applications in rubber, ceramics, and pharmaceuticals. This dominant method is well-entrenched in the market due to its effective output and established supply chains. Conversely, the American/Direct Process is emerging as a vital minority, focused on producing ultra-fine zinc oxides that cater to advanced applications, such as cosmetics and electronics. This process is gaining momentum due to the growing need for innovative and specialized products, leveraging advancements in technology to refine its approach. As manufacturers pivot toward more sustainable practices, both processes are uniquely positioned to adapt to market requirements.

    By Grade: Standard (Largest) vs. Pharma (Fastest-Growing)

    In the Zinc Oxide Market, the Grade segment displays a diverse distribution, with Standard zinc oxide holding the largest market share due to its widespread application across various industries, including rubber and ceramics. Following closely, the Pharma grade is gaining traction as more pharmaceutical companies invest in zinc oxide for its therapeutic benefits. Chemical and Food grades remain essential for niche applications, while the 'Others' category encapsulates emerging variants yet to gain significant market presence.

    Standard (Dominant) vs. Pharma (Emerging)

    The Standard grade of zinc oxide is widely recognized for its versatility and is predominantly used in rubber production, ceramics, and coatings, solidifying its status as the dominant player in the market. It offers a balance of cost-effectiveness and performance, appealing to a wide range of industries. In contrast, the Pharma grade is emerging as a significant force, driven by increasing awareness of zinc oxide's health benefits and its incorporation into skin care products and medicinal applications. This growth is fueled by consumer demand for natural and effective ingredients, positioning Pharma as a key growth sector.

    Get more detailed insights about Zinc Oxide Market

    Regional Insights

    North America : Innovation and Sustainability Focus

    The North American zinc oxide market is driven by increasing demand in the rubber and cosmetics industries, alongside stringent environmental regulations promoting sustainable practices. The U.S. holds the largest market share at approximately 60%, followed by Canada at around 25%. Regulatory support for eco-friendly products is further catalyzing growth, with initiatives aimed at reducing carbon footprints and enhancing product safety. Leading players in this region include Zinc Oxide LLC and American Zinc Recycling Corp, which are focusing on innovative production methods and sustainable sourcing. The competitive landscape is characterized by a mix of established companies and emerging players, all vying for market share. The presence of key players ensures a robust supply chain, catering to diverse applications in various industries.

    Europe : Regulatory Framework Driving Growth

    Europe is witnessing significant growth in the zinc oxide market, primarily driven by increasing demand in the automotive and construction sectors. The region is characterized by stringent regulations aimed at ensuring product safety and environmental sustainability. Germany and France are the largest markets, holding approximately 35% and 20% market shares, respectively. The European Union's commitment to reducing hazardous substances is a key regulatory catalyst for market expansion. Key players such as EverZinc and Grillo-Werke AG are leading the charge in innovation and sustainability. The competitive landscape is robust, with a mix of local and international companies. The presence of advanced manufacturing facilities and a strong focus on R&D are enhancing the region's competitive edge, ensuring a steady supply of high-quality zinc oxide products.

    Asia-Pacific : Emerging Markets and Growth Potential

    The Asia-Pacific region is emerging as a powerhouse in the zinc oxide market, driven by rapid industrialization and urbanization. China and India are the largest markets, accounting for approximately 50% and 20% of the regional share, respectively. The increasing demand for zinc oxide in electronics and agriculture is propelling market growth, supported by favorable government policies promoting industrial development and innovation. Leading companies like Hindustan Zinc Limited and Shaanxi Nonferrous Tianhong Zinc Industry Co., Ltd. are expanding their production capacities to meet rising demand. The competitive landscape is marked by a mix of domestic and international players, with a strong focus on technological advancements and sustainable practices. This dynamic environment is fostering innovation and enhancing the region's market position.

    Middle East and Africa : Resource-Rich with Growth Opportunities

    The Middle East and Africa (MEA) region is witnessing gradual growth in the zinc oxide market, driven by increasing industrial activities and a growing focus on sustainable practices. The region's market is characterized by a diverse range of applications, particularly in the rubber and paint industries. South Africa and the UAE are the leading markets, holding approximately 30% and 20% market shares, respectively, with potential for further expansion as infrastructure projects increase. Key players in the region include Zinc Nacional S.A. de C.V. and Mitsui Mining & Smelting Co., Ltd., which are focusing on enhancing production capabilities and exploring new market opportunities. The competitive landscape is evolving, with both local and international companies striving to capture market share. The region's rich natural resources provide a solid foundation for growth, making it an attractive market for investment.

    Key Players and Competitive Insights

    The Zinc Oxide Market is currently characterized by a dynamic competitive landscape, driven by increasing demand across various sectors such as rubber, ceramics, and pharmaceuticals. Key players are actively engaging in strategies that emphasize innovation, sustainability, and regional expansion, which collectively shape the market's competitive environment. For instance, in September 2025, EverZinc (Belgium) announced a significant investment in a new production facility aimed at enhancing its capacity for high-purity zinc oxide, reflecting a strategic focus on meeting the growing demand for specialized applications in the electronics and cosmetics industries. This move not only positions EverZinc as a leader in product quality but also underscores its commitment to sustainability through the adoption of eco-friendly production methods.

    In terms of business tactics, companies are increasingly localizing manufacturing and optimizing supply chains to enhance operational efficiency. The Zinc Oxide Market appears moderately fragmented, with several key players exerting influence over pricing and product availability. This competitive structure allows for a diverse range of offerings, yet it also compels companies to differentiate themselves through unique value propositions and strategic partnerships.

    In August 2025, Hindustan Zinc Limited (India) launched a new line of zinc oxide products specifically designed for the agricultural sector, targeting the growing demand for environmentally friendly fertilizers. This strategic initiative not only diversifies Hindustan Zinc's product portfolio but also aligns with global trends towards sustainable agricultural practices. The introduction of these products is likely to enhance the company's market share while contributing to its reputation as a responsible corporate entity.

    In July 2025, Grillo-Werke AG (Germany) entered into a strategic partnership with a leading automotive manufacturer to supply high-performance zinc oxide for tire production. This collaboration is indicative of Grillo-Werke's focus on innovation and its ability to adapt to the evolving needs of the automotive industry. By aligning with a major player in the automotive sector, Grillo-Werke is poised to leverage new market opportunities and enhance its competitive positioning.

    As of October 2025, the Zinc Oxide Market is witnessing trends that emphasize digitalization, sustainability, and the integration of advanced technologies such as AI. Companies are increasingly forming strategic alliances to enhance their competitive edge, focusing on collaborative innovation and shared resources. The shift from price-based competition to a landscape defined by technological advancement and supply chain reliability is becoming evident. Moving forward, competitive differentiation will likely hinge on the ability to innovate and adapt to changing market demands, with a strong emphasis on sustainable practices and technological integration.

    Key Companies in the Zinc Oxide Market market include

    Industry Developments

    • Q2 2024: Zochem Announces Expansion of Dickson, Tennessee Zinc Oxide Facility Zochem LLC announced the completion of a major capacity expansion at its Dickson, Tennessee plant, increasing zinc oxide output to meet rising demand from the tire and rubber industries.
    • Q2 2024: Lanxess Appoints New Head of Inorganic Pigments Business Unit Lanxess AG named Dr. Markus Meier as the new head of its Inorganic Pigments business, which includes zinc oxide production, effective May 2024.
    • Q3 2024: Weifang Longda Zinc Industry Launches New High-Purity Zinc Oxide Product Line Weifang Longda Zinc Industry Co. Ltd. introduced a new high-purity zinc oxide product line targeting the electronics and pharmaceutical sectors, aiming to capture emerging market opportunities.
    • Q3 2024: India’s JG Chemicals Opens New Zinc Oxide Plant in Gujarat JG Chemicals inaugurated a new zinc oxide manufacturing facility in Gujarat, India, expanding its production capacity to serve the growing demand in the South Asian market.
    • Q4 2024: Zinc Nacional Signs Long-Term Supply Agreement with Major Tire Manufacturer Zinc Nacional secured a multi-year contract to supply zinc oxide to a leading global tire manufacturer, strengthening its position in the automotive supply chain.
    • Q4 2024: EverZinc Announces Strategic Partnership with European Cosmetics Brand EverZinc entered into a strategic partnership with a major European cosmetics company to develop next-generation zinc oxide-based sunscreens and skincare products.
    • Q1 2025: Silox Holding Acquires Minority Stake in Southeast Asian Zinc Oxide Producer Silox Holding acquired a 25% stake in a leading Southeast Asian zinc oxide manufacturer, aiming to expand its footprint in the Asia-Pacific region.
    • Q1 2025: PT CITRA CAKRALOGAM Receives Indonesian Regulatory Approval for New Zinc Oxide Plant PT CITRA CAKRALOGAM obtained final regulatory clearance to commence operations at its new zinc oxide production facility in West Java, Indonesia.
    • Q2 2025: Rubamin Signs MoU with African Mining Company for Zinc Oxide Raw Material Supply Rubamin signed a memorandum of understanding with an African mining company to secure long-term zinc ore supply for its zinc oxide production operations.
    • Q2 2025: American Elements Launches Nano Zinc Oxide for Energy Storage Applications American Elements introduced a new nano zinc oxide product designed for use in advanced energy storage systems, targeting the growing battery materials market.
    • Q3 2025: Tata Chemicals Announces $50 Million Investment in Zinc Oxide R&D Center Tata Chemicals unveiled plans to invest $50 million in a new research and development center focused on innovative zinc oxide applications in pharmaceuticals and electronics.
    • Q3 2025: IEQSA Secures Major Contract to Supply Zinc Oxide to Latin American Paint Manufacturer IEQSA signed a significant supply contract with a leading Latin American paint producer, expanding its presence in the regional coatings market.

    Future Outlook

    Zinc Oxide Market Future Outlook

    The Zinc Oxide Market is projected to grow at a 5.82% CAGR from 2024 to 2035, driven by increasing demand in cosmetics, pharmaceuticals, and rubber industries.

    New opportunities lie in:

    • Expansion into emerging markets with tailored product offerings.
    • Development of eco-friendly zinc oxide formulations for sustainable applications.
    • Investment in advanced manufacturing technologies to enhance production efficiency.

    By 2035, the Zinc Oxide Market is expected to solidify its position as a key player in various industrial applications.

    Market Segmentation

    Zinc Oxide Market Grade Outlook

    • Standard
    • Chemical
    • Pharma
    • Food
    • Others

    Zinc Oxide Market Process Outlook

    • French/Indirect Process.webp
    • American/Direct Process.webp
    • Wet Process
    • Others

    Report Scope

    MARKET SIZE 20244.0(USD Billion)
    MARKET SIZE 20254.233(USD Billion)
    MARKET SIZE 20357.453(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR)5.82% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Billion
    Key Companies ProfiledMarket analysis in progress
    Segments CoveredMarket segmentation analysis in progress
    Key Market OpportunitiesGrowing demand for eco-friendly products drives innovation in the Zinc Oxide Market.
    Key Market DynamicsRising demand for eco-friendly products drives innovation and competition in the Zinc Oxide Market.
    Countries CoveredNorth America, Europe, APAC, South America, MEA

    Market Highlights

    Author
    Chitranshi Jaiswal
    Research Analyst Level I

    In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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    FAQs

    What is the projected market valuation of the Zinc Oxide Market by 2035?

    The Zinc Oxide Market is projected to reach a valuation of 7.453 USD Billion by 2035.

    What was the market valuation of the Zinc Oxide Market in 2024?

    In 2024, the overall market valuation of the Zinc Oxide Market was 4.0 USD Billion.

    What is the expected CAGR for the Zinc Oxide Market during the forecast period 2025 - 2035?

    The expected CAGR for the Zinc Oxide Market during the forecast period 2025 - 2035 is 5.82%.

    Which companies are considered key players in the Zinc Oxide Market?

    Key players in the Zinc Oxide Market include Zinc Oxide LLC, American Zinc Recycling Corp, EverZinc, and Hindustan Zinc Limited.

    What are the main segments of the Zinc Oxide Market based on process?

    The main segments based on process include French/Indirect Process, American/Direct Process, Wet Process, and Others.

    What was the valuation of the French/Indirect Process segment in 2024?

    The valuation of the French/Indirect Process segment in 2024 was 1.2 USD Billion.

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