Global Zinc Oxide Market Outlook
Revenue, 2024
$4.8B
Forecast, 2034
$8.1B
CAGR, 2025 - 2034
5.3%
The Zinc Oxide industry revenue is expected to be around $5.1 billion in 2025 and expected to showcase growth with 5.3% CAGR between 2025 and 2034. The strong expansion of the zinc oxide market is mainly fueled by factors such as its wide array of uses and increasing need in multiple industries along with ongoing technological progressions. Known for its UV protection abilities and considered a vital compound in today's world zinc oxide is becoming more significant in the fields of skincare and pharmaceuticals. With its refractive index and unique properties like triboelectricity and electronic bandgap it serves as a key component, in the production of sunscreens, ointments and various medicinal items. The increasing need in industries like rubber production and agriculture has solidified zinc oxides importance as a material, in today's industrial sector.
Zinc oxide is a mineral with a white powdery appearance and recognizable crystal formation that offers notable thermal conductivity and optical characteristics alongside its electrical properties. Known for its flexibility and utility across fields such as rubber manufacturing and glass treatment to dietary supplements and infant care products. The growing popularity of conscious printing methods and sustainable packaging solutions has bolstered the need, for zinc oxide in the printing and packaging sectors.
Market Key Insights
- The Zinc Oxide market is projected to grow from $4.8 billion in 2024 to $8.1 billion in 2034. This represents a CAGR of 5.3%, reflecting rising demand across Sunscreen and Cosmetics Industry, Ceramics and Glass Manufacturing and Rubber and Tire Manufacture.
- U.S. Zinc, EverZinc, GHC Limited are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Zinc Oxide market and are expected to observe the growth CAGR of 3.4% to 5.1% between 2024 and 2030.
- Emerging markets including Vietnam, Indonesia and Brazil are expected to observe highest growth with CAGR ranging between 6.1% to 7.3%.
- Transition like The Rise of Green Manufacturing has greater influence in United States and China market's value chain; and is expected to add $210 million of additional value to Zinc Oxide industry revenue by 2030.
- The Zinc Oxide market is set to add $3.3 billion between 2024 and 2034, with manufacturer targeting Pharmaceuticals & Rubber & Plastics Application projected to gain a larger market share.
- With Accelerating demand in sunscreen products, and Adoption in the rubber industry, Zinc Oxide market to expand 68% between 2024 and 2034.
Opportunities in the Zinc Oxide
Collaborations between suppliers of zinc oxide particles and military agencies underscore another aspect; the heat resistance and ability to disperse in ballistic materials make zinc oxide pivotal in advancing military technologies. The combination of these factors with defense spending indicates a promising outlook for growth, in this sector.
Growth Opportunities in North America and Asia-Pacific
In North America's sector and the cosmetics industry still heavily rely on zinc oxide for its anti corrosive nature in cars and skincare products like sunscreen and other beauty treatments. The competition is intense among players such, as U. S Zinc and Zochem incorporated who are striving to gain market control by introducing new products. The shift towards using energy sources has led to an increased need for zinc oxide, in the solar energy industry. This has become a factor driving growth in this sector.
In the Asia Pacific regions sector that encompasses rubber processing and pharmaceutical industries among others like ceramics and glass production; there is a significant need for zinc oxide due to its various applications and properties in these sectors manufacturing processes. India and China stand out as the consumers of zinc oxide in this region owing to their rapid industrial development and increased focus on producing tires and tubes for various industries. Among the players in this competitive market landscape are major Asian companies such as Richest and Hebei Yuanda who play a pivotal role, in shaping the market dynamics with their products and services offerings. The rise in consumer knowledge regarding the advantages of using sunscreens and other beauty products that include zinc oxide is a factor fuelin’ the expansion in this region of the industry sector. The heightened focus on skin well being has resulted in an increase in the request, for products based on zinc oxide which has also bolstered the market’s momentum even more so.
Market Dynamics and Supply Chain
01
Driver: Accelerating Demand in Sunscreen Products, and Surge in Demand for Cosmetics and Personal Care Products
The use of Zinc Oxide is also essential in making products due to the increasing concern about skin cancer and the harmful effects of Ultraviolet rays worldwide driving up the need for sunscreens that provide protection from a wide range of UV rays thanks to zinc oxides reputation for its effectiveness, in this regard. The significant growth of the beauty industry has also played a role in boosting the zinc oxide markets development. The use of zinc oxide for sun protection and its known antiseptic properties make it a popular ingredient in cosmetics like skincare and beauty products worldwide. This increase in demand for products on a global scale is also a major driving force behind the rising need, for zinc oxide.
The growth of the industry is also driving demand for zinc oxide in rubber manufacturing for items like car tires due to its durability and effectiveness, in producing high quality rubber products amidst evolving trends and increased automobile production.
02
Restraint: Environmental Implications
The manufacturing of zinc oxide is associated with environmental consequences that result in the generation of waste and byproducts harmful to both the environment and human well being. These environmental and health concerns present challenges in the market due to strict regulations leading to higher operational expenses which indirectly influence market conditions. The growing emphasis on eco practices and heightened awareness of sustainable manufacturing methods discourage industries from widespread utilization of zinc oxide thereby limiting demand, in the market.
03
Opportunity: Catalyzing the Solar Energy Tower and Nurturing the Cosmetic Industry
The worldwide shift towards energy options indicates a promising opportunity for zinc oxide in the market sector that has yet to be fully explored. With its role in the advancement of solar energy structures and the rising desire for solar power solutions fuel this growing demand for zinc oxide, in the market.
Theindustry'sexpansion is driven by changing consumer preferences and a growing awareness of skin health globally. Zinc oxide plays a role in sunscreens because of its ability to shield against UV rays. There is room for development in this field which indicates a bright future for zinc oxide, in the market.
04
Challenge: Hazardous Health Effects
Consumers are becoming more aware of health risks associated with zinc oxide due to recent studies indicating adverse effects like skin irritation and allergies from its overuse in products, like sunscreens and personal care items.
Supply Chain Landscape
1
Raw Material Procurement
BHP BillitonRio Tinto
2
Zinc Smelting
NyrstarGlencore
3
Manufacturing
EverZincZochem
4
End-use Industry
Paints and CoatingsPharmaceuticalsCosmetics
1
Raw Material Procurement
BHP BillitonRio Tinto
2
Zinc Smelting
NyrstarGlencore
3
Manufacturing
EverZincZochem
4
End-use Industry
Paints and CoatingsPharmaceuticalsCosmetics
Use Cases of Zinc Oxide in Sunscreen & Cosmetics Industry
Sunscreen and Cosmetics Industry : The sunscreen and cosmetics industry depends significantly on zinc oxide to improve their products quality. Nano sized zinc oxide is mainly used in this field for its UV protection and safety. It shields the skin from UVA and UVB rays to support healthy skin and enhance appearance. Known companies such as Neutrogena and LOreal are key players, in utilizing the benefits of zinc oxide in their product range to strengthen their market position and competitive advantage.
Ceramics and Glass Manufacturing : In the field of Ceramics and Glass Manufacturing industry zinc oxide is commonly used for its ability to expand without breaking or cracking when exposed to temperature changes. Major companies like Saint Gobain and Corning make use of zinc oxide to improve thermal stability and hardness of glass surfaces as well, as enhance brilliance which gives them a competitive edge in the market.
Rubber and Tire Manufacture : In the field of Rubber and Tire Manufacturing mainly rely on zinc oxide as a crucial element in their processes. This component helps to reduce vulcanization time and improve heat resistance in rubber products while also increasing efficiency. Manufacturers like Michelin and Goodyear skillfully incorporate zinc oxide into their production techniques to enhance the durability of their goods and strengthen their position, in the market with a reputation.
Recent Developments
In the world of industrial uses zinc oxide has become a crucial compound that is gaining considerable attention lately Recent changes in market trends indicate a noticeable change in demand patterns showing an increasing dependence for this important chemical Its versatile uses highlight this emerging trend with sectors like pharmaceuticals rubber production cosmetics and personal care industries displaying a heightened preference, for this vital element.
December 2024 : Smithson Corporation unveiled an eco friendly approach, to producing zinc oxide that greatly minimizes emissions.
November 2024 : In a move of innovation by ZincoPlex Labs is the incorporation of zinc oxide into flexible electronics. This advancement is set to enhance its utilization, within the technology industry.
October 2024 : Johnson Industrial Chemicals and EcoTech joined forces to introduce a lineup of zinc oxide sunscreens that emphasize their safety and shielding features.
Impact of Industry Transitions on the Zinc Oxide Market
As a core segment of the Bulk & Commodity Chemicals industry,
the Zinc Oxide market develops in line with broader industry shifts.
Over recent years, transitions such as The Rise of Green Manufacturing and Advances in Nanotechnology have redefined priorities
across the Bulk & Commodity Chemicals sector,
influencing how the Zinc Oxide market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
The Rise of Green Manufacturing
In the zinc oxideindustry'slatest development trends lean towards embracing eco sustainable manufacturing practices in response to growing concerns about environmental impact and global regulations awareness, among consumers is increasing fueling this shift companies are now venturing into environmentally friendly production techniques to create zinc oxide adopting such green processes helps curb greenhouse gas emissions and lowers production costs giving zinc oxide manufacturers a competitive advantage in the market. Zinc oxides extensive application across industries like cosmetics and pharmaceutical products has significantly impacted the sustainability efforts within these sectors by adopting eco friendly manufacturing processes, for zinc oxide production. This industry transition is expected to add $210 million in the industry revenue between 2024 and 2030.
02
Advances in Nanotechnology
The emergence of nanotechnology marks a shift in the industry landscape and has paved the way for innovative uses of zinc oxide in various applications. The creation and production of zinc oxide nanoparticles have substantially improved qualities like UV shielding and antibacterial features, in unparalleled ways.