Zinc Oxide Market

• Rising Need to Remove Micronutrient Deficiency from Soil to Increase the Consumption of Zinc Oxide in the Agriculture Industry.

Hence, the need to produce more food grains on limited arable land and to minimize the micronutrient deficiency in soils are the factors driving the market.

Additionally, The development of ZnO nanoparticles has increased the potential in biomedicine, mainly in anticancer and anti-bacterial fields. These nanoparticles can generate excess reactive oxygen species, release zinc ions, and encourage cell apoptosis. Furthermore, zinc can maintain the structural integrity of insulin, and hence, zinc oxide nanoparticles can be developed for antidiabetic treatment. Hence, increasing consciousness regarding the effects of UV rays on the skin, coupled with rising awareness regarding the benefits of ZnO will fuel the demand in the cosmetics & pharmaceuticals industry.

The Global Zinc Oxide Market Industry is bolstered by the rubber sector, where zinc oxide is utilized as a crucial additive in the production of tires and other rubber products. This compound enhances the durability and strength of rubber, making it indispensable for manufacturers. As the automotive industry continues to evolve, the demand for high-performance tires is expected to rise, thereby driving the consumption of zinc oxide. The projected growth in this sector aligns with the overall market expansion, with the industry anticipated to grow from 4.5 USD Billion in 2024 to 7.2 USD Billion by 2035, suggesting a robust CAGR of 4.37% from 2025 to 2035.

The Global Zinc Oxide Market Industry is witnessing a significant increase in demand from the pharmaceutical sector, where zinc oxide is recognized for its therapeutic properties. It is commonly used in ointments and creams for treating skin irritations, burns, and other dermatological conditions. The growing focus on health and wellness, coupled with the rising prevalence of skin-related ailments, is likely to propel the market forward. As healthcare providers and consumers alike seek effective treatments, the incorporation of zinc oxide in pharmaceutical products is expected to rise, contributing to the overall market growth and enhancing its value in the coming years.

The Global Zinc Oxide Market Industry benefits from its increasing applications in agriculture, particularly as a micronutrient in fertilizers. Zinc is essential for plant growth and development, and its deficiency can lead to reduced crop yields. As global food demand escalates, the agricultural sector is increasingly adopting zinc oxide to enhance soil quality and crop productivity. This trend is likely to drive the market further, as farmers and agronomists recognize the importance of micronutrients in sustainable agriculture. The anticipated growth in agricultural applications underscores the versatility of zinc oxide and its critical role in ensuring food security.

The Global Zinc Oxide Market Industry is influenced by ongoing technological advancements in production processes. Innovations in manufacturing techniques are enhancing the efficiency and quality of zinc oxide production, leading to reduced costs and improved product characteristics. These advancements may include the development of more sustainable and environmentally friendly methods, which are becoming increasingly important in today's market. As manufacturers adopt these technologies, they are likely to gain a competitive edge, further stimulating market growth. The continuous evolution of production technologies is expected to play a pivotal role in shaping the future landscape of the zinc oxide industry.

The Global Zinc Oxide Market Industry experiences a notable surge in demand driven by its extensive application in cosmetics and personal care products. Zinc oxide serves as a vital ingredient in sunscreens, providing UV protection and skin soothing properties. As consumers increasingly prioritize skin health, the market for zinc oxide in this sector is projected to expand significantly. In 2024, the market is valued at approximately 4.5 USD Billion, with expectations to reach 7.2 USD Billion by 2035. This growth trajectory indicates a compound annual growth rate of 4.37% from 2025 to 2035, reflecting the rising consumer awareness regarding skin protection and the efficacy of zinc oxide in formulations.

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific holds the highest revenue share of the zinc oxide market in which China, India, and Southeast Asian countries are the leading contributors. The growth in this region is attributed to the growing demand for rubber applications. Zinc oxide is used for vulcanizing the rubber that is mainly utilized in the automotive industry.

The use of rubber in the automotive industry can be seen in the manufacturing of many automotive parts such as tires, automotive antivibration, transmission systems, molded parts, spare parts, body sealing systems, and adhesives. Hence, increasing demand for rubber from the automotive industry will drive the market in the Asia Pacific.

Figure 3: ZINC OXIDE MARKET SHARE BY REGION 2023 (%)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

In Europe, Germany is the largest contributor to the zinc oxide market. The increasing demand for ZnO from ceramic and rubber applications contributes to the growth in this region. Zinc oxide is used as an additive in ceramic and rubber applications. The growth in ceramics is due to the increasing demand from various end-use industries such as automotive, electronics, energy, and medical. The rising demand for ZnO from the rubber industry for producing a variety of products such as hoses, belts, matting, flooring, and medical gloves, is also increasing the demand for ZnO in Europe.

North America is expected to witness comparatively slow growth in the market during the forecast period, owing to the decreasing rubber production in the region. However, an increase in demand for ZnO from the cosmetics & pharmaceutical industry, owing to its ability to prevent sunburn, and premature aging of the skin, and protect the skin from UV lights, will serve as a driving factor for the ZnO market in North America.

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Zinc Oxide market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Zinc Oxide industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Zinc Oxide. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Zinc Oxide industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Zinc Oxide industry to benefit customers and expand the market sector. The Zinc Oxide market has recently given medicine some of the most important advantages. Major Zinc Oxide market players, including Zochem (US), SILOX SA (Belgium), American Chemet Corporation (US), H. Chemicals (Canada) and others, are attempting to increase market demand by funding R&D initiatives.

American Chemet is a privately owned manufacturer and marketer of cuprous oxide, cupric oxide, zinc oxide, copper powder, copper oxide agricultural fungicides, and related products. Chemet is best known for its variety of copper oxides. Since the 1970's the company has produced both cuprous oxides and cupric oxides which are sold around the world for use in antifouling coatings, catalysts, agricultural applications, ceramics, copper chemicals, and ferrites.

Also, Gharda Chemicals is a chemical manufacturer. It offers intermediates, polymers, pigments, plant protection and public health products, dyestuffs, pesticides, and veterinary drugs.