DataString Consulting Company Logo
DataString Consulting Company Logo
Zinc Sulfide Market
Home»Top Market Reports»Zinc Sulfide Market

Zinc Sulfide Market

Author: Vineet Pandey - Business Consultant, Report ID - DS1301140, Published - June 2025

Segmented in Product Form (Powder, Crystals, Pellet), End-Users (Electronics, Construction, Automobile, Healthcare, Chemical, Others), Purity Level, Manufacturing Process, Usage and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

Share this report:

Global Zinc Sulfide Market Outlook

The market, for Zinc Sulfide was estimated at $1.0 billion in 2024; and it is anticipated to increase to $1.7 billion by 2030 with projections indicating a growth to around $2.6 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 8.5% over the forecast period. This notable growth can be attributed to the inherent properties of Zinc Sulfide, which makes it highly prized across various industries. The key driving factors behind this market expansion stem from its vast usage in sectors such as the chemical industry, optics, and electronics. Increasing technological advancements, coupled with rising market demand for high-quality Zinc Sulfide in numerous applications, signify the ongoing relevance of this compound in the global market.


As a popular inorganic compound, Zinc Sulfide holds a crucial position in the market due to its unique characteristics. It frequently presents in luminescent materials, screen phosphors, and infrared optical devices, thus showcasing its versatile applications. The richness of its properties, which includes high heat resistance and excellent transparency, make Zinc Sulfide an integral element in diverse niche sectors.


Market Size Forecast & Key Insights

2019
$1B2024
2029
$2.4B2034

Absolute Growth Opportunity = $1.3B

The Zinc Sulfide market is projected to grow from $1.0 billion in 2024 to $2.4 billion in 2034. This represents a CAGR of 8.5%, reflecting rising demand across Optoelectronic Devices, Pigments & Coatings and Radiological Detection.

The Zinc Sulfide market is set to add $1.3 billion between 2024 and 2034, with manufacturer targeting Construction & Automobile End-Users projected to gain a larger market share.

With Rising demand in optical applications, and Advancements in the semiconductor industry, Zinc Sulfide market to expand 126% between 2024 and 2034.

Opportunities in the Zinc Sulfide Market

Strategic Collaborations for R&D Expansion

A recent trend in the zinc sulfide industry emphasizes strategic collaborations amongst key players to develop new, technologically advanced, and cost-effective applications for zinc sulfide.

Increased use in Optoelectronics and Unexplored Potential in Healthcare Sector

The demand for zinc sulfide is escalating due to its extensive use in the optoelectronics industry. As an efficient material for emitting and modulating light, zinc sulfide is widely used in manufacturing luminous paints, cathode ray tubes, X-ray screens, and light-emitting diodes.Combined with its unique characteristics of high refractive index and extraordinary light transmission capabilities, zinc sulfide is estimated to continue registering robust growth in this industry going forward.

The healthcare sector presents a potentially untapped market for zinc sulfide. Its use in medical imaging devices and pharmaceutical-technological applications, facilitated by its luminescent and phosphorescent properties, has garnered attention from healthcare players. The growing trend of advanced medical technologies and healthcare innovations are set to boost demand for zinc sulfide in the healthcare field.

Growth Opportunities in North America and Asia-Pacific

Asia Pacific Outlook

The Asia-Pacific region presents significant growth opportunities for the Zinc Sulfide market, primarily driven by developing industrial segments in China and India. These nations demonstrate high demand for Zinc Sulfide, primarily in the paint, coating, and rubber industries. Additionally, the remarkable growth of the consumer electronics industry in this region fosters Zinc Sulfide demand, given its use in screen displays. Market competition is high, with dominant players such as Sigma Aldrich and Weifang Sunny Industry vying for significant market shares. However, the increasing government support for alternative energy technologies may spur the use of Zinc Sulfide in photovoltaic cells, opening up new avenues for market players.

North America Outlook

North America's Zinc Sulfide market thrives largely due to technological advancements and robust investments in the chemical industry. The United States, being the epicenter of technological advancements, frequently incorporates Zinc Sulfide in varied applications due to its beneficial properties, such as luminescence and optic enhancement. Key drivers for growth include the thriving electronics industry and increased demand from military applications for enhanced infrared technology. However, intense competition prevails, with leading players such as Dow Chemical Company and Honeywell International dominating the market.

North America Outlook

North America's Zinc Sulfide market thrives largely due to technological advancements and robust investments in the chemical industry. The United States, being the epicenter of technological advancements, frequently incorporates Zinc Sulfide in varied applications due to its beneficial properties, such as luminescence and optic enhancement. Key drivers for growth include the thriving electronics industry and increased demand from military applications for enhanced infrared technology. However, intense competition prevails, with leading players such as Dow Chemical Company and Honeywell International dominating the market.

Asia-Pacific Outlook

The Asia-Pacific region presents significant growth opportunities for the Zinc Sulfide market, primarily driven by developing industrial segments in China and India. These nations demonstrate high demand for Zinc Sulfide, primarily in the paint, coating, and rubber industries. Additionally, the remarkable growth of the consumer electronics industry in this region fosters Zinc Sulfide demand, given its use in screen displays. Market competition is high, with dominant players such as Sigma Aldrich and Weifang Sunny Industry vying for significant market shares. However, the increasing government support for alternative energy technologies may spur the use of Zinc Sulfide in photovoltaic cells, opening up new avenues for market players.

Growth Opportunities in North America and Asia-Pacific

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : U.S., China, Germany, Japan, India are expected to grow at 6.2% to 8.9% CAGR

2

Emerging Markets : Indonesia, Brazil, South Africa are expected to grow at 8.2% to 10.6% CAGR

Market Analysis Chart

Across the globe, the demand for Zinc Sulfide has been experiencing substantial growth, largely driven by its wide-ranging applications in various industries. These industries comprise electronics, optical materials, luminescent materials, and others. An essential driver for the Zinc Sulfide market is its role in phosphor applications. Given the expanding global market for electronics goods, where phosphors play an integral role, the need for Zinc Sulfide is anticipated to escalate in the future.

Recent Developments and Technological Advancement

December 2024

Spectrum Chemicals & Laboratory Products expanded its production capabilities of Zinc Sulfide to accommodate growing demands in the optical coating industry.

September 2024

DowDuPont announced a new enhancement in its Zinc Sulfide production line aiming to increase yield and purity, designed to serve the advanced infrared technology applications.

April 2024

Sigma-Aldrich introduced a proprietary method to synthesize Zinc Sulfide nanoparticles for the burgeoning solar cells industry.

Zinc Sulfide, an elemental compound with notable significance in various industries, has witnessed remarkable advancements in recent years. Fueled by its unique characteristics and manifold applications, this compound has become an indispensable part of critical sectors such as photoluminescent materials, optical coating, electronics, and pharmaceuticals.

Impact of Industry Transitions on the Zinc Sulfide Market

As a core segment of the C&M industry, the Zinc Sulfide market develops in line with broader industry shifts. Over recent years, transitions such as Rise in Semiconductor Applications and Boost in Photoluminescent Markets have redefined priorities across the C&M sector, influencing how the Zinc Sulfide market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Rise in Semiconductor Applications:

The semiconductor sector is increasingly incorporating Zinc Sulfide in their manufacturing processes. As a crucial ingredient in manufacturing optoelectronic devices and LED lighting systems, the impact of Zinc Sulfide can be seen in the evolution of microelectronics and optoelectronics. This transition is backed by the fact that Zinc Sulfide possesses unique semiconductor properties which make it a preferred choice in applications requiring high efficiency and durability. Its increased demand has essentially contributed to the global rise in the semiconductor industry and is expected to continue in the long run.

2

Boost in Photoluminescent Markets:

Zinc Sulfides photoluminescent properties have opened up new avenues, particularly in safety and environmental applications. Known for its luminescent properties in the dark, Zinc Sulfide has found a place in the manufacturing of glowinthedark products for emergency exit signs, watch dials and other similar applications. This transition has boosted industries aligned with safety measures and regulations, providing a clear trajectory for growth and expansion.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the C&M industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the C&M industry cascade into the Zinc Sulfide market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Rising Demand in Optical Applications, and Use in Photoluminescent products

The opticalindustrysreliance on zinc sulfide has also been escalating due to its excellent refractive properties. This materials attributes are also highly sought after for fabricating optical coatings and high-end lenses. The booming optics market, primarily driven by increased defense, communication, and space exploration activities, is also boosting the demand for zinc sulfide, providing a positive stimulus to its global market.
Zinc sulfide mixed with a minuscule amount of a suitable activator has also found significant application in the production of photoluminescent products. This combination makes it the prime constituent in glow-in-the-dark products, owing to its capacity of emitting light in the dark after short exposure to light.
The semiconductor industry has also been progressively harnessing the utility of zinc sulfide. Known for its exceptional semiconductor properties, zinc sulfide is also now an essential component in semiconductor devices, electronic circuits, and LEDs. As technology continues to rapidly advance, we see an increase in demand for efficient, high-performance semiconductors, which in turn propels the growth of the zinc sulfide market.

Restraint: Health and Environmental Concerns

The use and processing of Zinc Sulfide pose potential health and environmental hazards. The constant threat of zinc sulfide contamination in the environment negatively impacts the market dynamics. Excessive contact can cause skin and eye irritation and eventually lead to respiratory disorders. The need for stringent regulatory compliance, license requirements, and the handling of environmental concerns restricts the demand for zinc sulfide.

Challenge: Technological Complexity and Cost

Zinc sulfide processing and utilization in industries present technological complexities. The high cost of production and the need for specialist expertise for secure handling, storage, and transport discourages many potential players, thus hampering the growth of the market. Advanced technologies in designing and production are leading to considerable cost pressure, further impacting the demand for zinc sulfide.

Supply Chain Landscape

Raw Material Procurement

China Xinfa Group

Chenzhou Chenxi Metal Co. Ltd

Production

Dow Chemical Company

II-VI Incorporated

Wholesale & Distribution
Sigma Aldrich / MSC Industrial Supply Co
End-User Industry
Photoluminescent Pigment / Optical Coating / Electronics
Raw Material Procurement

China Xinfa Group

Chenzhou Chenxi Metal Co. Ltd

Production

Dow Chemical Company

II-VI Incorporated

Wholesale & Distribution

Sigma Aldrich

MSC Industrial Supply Co

End-User Industry

Photoluminescent Pigment

Optical Coating

Electronics

Banner LogoBanner Logo

Leading Providers and Their Strategies

Application AreaIndustryLeading Providers / ConsumersProvider Strategies
Optoelectronic Devices
Electronics
Osram GmbH
Meticulous handling of Zinc Sulfide to ensure high-quality optoelectronic devices
Phosphor In Lightning
Lightning Industry
Philips Lighting
Optimizing Zinc Sulfide ratios for effective phosphor in lightning products
Luminescent Materials
Chemical Industry
Sigma Aldrich
Incorporation of Zinc Sulfide in luminescent materials to enhance product quality
Infrared Optics
Defense and Security
Honeywell International Inc.
Tailoring of Zinc Sulfide components to develop superior infrared optics

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Zinc Sulfide market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Zinc Sulfide in Optoelectronic Devices, Pigments & Coatings and Radiological Detection

Optoelectronic Devices

Zinc Sulfide is frequently utilized in the optoelectronics industry owing to its unique luminescent properties. This industry often favors phosphor-grade Zinc Sulfide which is noted for high performance in light-emitting applications. Several leading tech corporations, known for their cutting-edge electronic products, leverage Zinc Sulfides properties in this application, solidifying their market dominance.

Pigments & Coatings

Another common use of Zinc Sulfide is in the development of pigments and coatings. It is particularly used in this sector for its high resistance to changing environmental conditions and excellent color stability. High-purity Zinc Sulfide is the preferred choice for the pigment industry, being vital to companies renowned for their superior-quality colorant products.

Radiological Detection

Zinc Sulfide can be found in various radiological detection devices as a scintillation material. Due to its remarkable emission characteristics optically stimulated luminescent dosimeters often incorporate Zinc Sulfide, predominantly in its silver-activated form. Well-known companies in the medical technology sector hold a significant market position due to the utilization of Zinc Sulfide in the manufacturing of these devices.

Zinc Sulfide vs. Substitutes:
Performance and Positioning Analysis

Zinc Sulfide is quintessential as a luminescent material, demonstrating distinct advantages over alternatives like yttrium oxide, including affordable processing and better luminous efficacy. The robust growth in optoelectronic applications forecasts Zinc Sulfides promising market projection. These Alternatives specially Gallium Arsenide has experienced a rapid growth as detailed in our latest report.

Zinc Sulfide
  • Cadmium Telluride /
  • Gallium Arsenide /
  • Silicon Photonic technology
    High chemical stability, useful luminescent properties
    Limited solubility in water, somewhat high production cost
    High corrosion resistance, broader temperature operating range
    Limited supply, higher production costs

Zinc Sulfide vs. Substitutes:
Performance and Positioning Analysis

Zinc Sulfide

  • High chemical stability, useful luminescent properties
  • Limited solubility in water, somewhat high production cost

Cadmium Telluride / Gallium Arsenide / Silicon Photonic technology

  • High corrosion resistance, broader temperature operating range
  • Limited supply, higher production costs

Zinc Sulfide is quintessential as a luminescent material, demonstrating distinct advantages over alternatives like yttrium oxide, including affordable processing and better luminous efficacy. The robust growth in optoelectronic applications forecasts Zinc Sulfides promising market projection. These Alternatives specially Gallium Arsenide has experienced a rapid growth as detailed in our latest report.

Loading...

Research Methodology

This market research methodology defines the Zinc Sulfide market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the C&M ecosystem, we analyze Zinc Sulfide across Electronics, Construction, and Automobile Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as Dow Chemical Company, American Elements, and BASF SE by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Procurement, Production, and Wholesale & Distribution. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global C&M revenues to estimate the Zinc Sulfide segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Procurement (China Xinfa Group, Chenzhou Chenxi Metal Co. Ltd), Production (Dow Chemical Company, II-VI Incorporated), and Wholesale & Distribution. Our parallel substitute analysis examines Cadmium Telluride, Gallium Arsenide, and Silicon Photonic technology, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Dow Chemical Company, American Elements, and BASF SE, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Zinc Sulfide market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

rm

Zinc Sulfide Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 1.1 billion
Revenue Forecast in 2034USD 2.4 billion
Growth RateCAGR of 8.5% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 20241.0 billion
Growth OpportunityUSD 1.3 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 20241.0 billion USD
Market Size 20271.3 billion USD
Market Size 20291.6 billion USD
Market Size 20301.7 billion USD
Market Size 20342.4 billion USD
Market Size 20352.6 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredProduct Form, End-Users, Purity Level, Manufacturing Process, Usage
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledDow Chemical Company, American Elements, BASF SE, Sigma Aldrich, Solvay SA, Chemamde, Noah Technologies Corporation, Alpha Chemika, ProChem Inc, City Chemical LLC, Luming Molybdenum Industry Group Co Ltd and Reade Advanced Materials
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

Explore Report Features and Data Packages

Industry Insight Report

$ 4200
Unlock Multi-User Access for just $999 more
i
No Payment Before Report Delivery
Flexible Payment Options
Additional Features
Customization Available
i
Excel Data Pack Included
Free Analyst Support
i
Industry Expert-Validated Insights
100% Confidentiality Guaranteed
Fast Delivery (24–72 hours)
i
Get Report Now

Strategic Growth Advisory

Unrivaled Custom Market Intelligence & Strategic Advisory for Business Growth and Competitive Excellence

  • Assess and prioritize high-value markets with precision
  • Craft tailored entry and expansion roadmaps
  • De-risk investments through rigorous market intelligence
  • Architect dynamic pricing frameworks aligned to value creation
  • Unlock sustainable margin enhancement opportunities
  • Benchmark performance against global industry leaders
  • Strategically realign portfolios to future growth drivers
  • Accelerate commercialization of breakthrough offerings
  • Harness market foresight and technology shifts to fuel innovation

Discover our Strategic Growth Advisory Services »

Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Zinc Sulfide Market Size, Opportunities & Strategic Insights, by Product Form

4.1Powder
4.2Crystals
4.3Pellet
Chapter 5

Zinc Sulfide Market Size, Opportunities & Strategic Insights, by End-Users

5.1Electronics
5.2Construction
5.3Automobile
5.4Healthcare
5.5Chemical
5.6Others
Chapter 6

Zinc Sulfide Market Size, Opportunities & Strategic Insights, by Purity Level

6.199.9%
6.299.99%
6.399.999%
Chapter 7

Zinc Sulfide Market Size, Opportunities & Strategic Insights, by Manufacturing Process

7.1Direct Synthesis
7.2Indirect Synthesis
7.3Purification
Chapter 8

Zinc Sulfide Market Size, Opportunities & Strategic Insights, by Usage

8.1Phosphor in TV Screens
8.2Infrared Optics
8.3X-ray Screens
8.4Luminous Paints
8.5Pigments
Chapter 9

Zinc Sulfide Market, by Region

9.1North America Zinc Sulfide Market Size, Opportunities, Key Trends & Strategic Insights
9.1.1U.S.
9.1.2Canada
9.2Europe Zinc Sulfide Market Size, Opportunities, Key Trends & Strategic Insights
9.2.1Germany
9.2.2France
9.2.3UK
9.2.4Italy
9.2.5The Netherlands
9.2.6Rest of EU
9.3Asia Pacific Zinc Sulfide Market Size, Opportunities, Key Trends & Strategic Insights
9.3.1China
9.3.2Japan
9.3.3South Korea
9.3.4India
9.3.5Australia
9.3.6Thailand
9.3.7Rest of APAC
9.4Middle East & Africa Zinc Sulfide Market Size, Opportunities, Key Trends & Strategic Insights
9.4.1Saudi Arabia
9.4.2United Arab Emirates
9.4.3South Africa
9.4.4Rest of MEA
9.5Latin America Zinc Sulfide Market Size, Opportunities, Key Trends & Strategic Insights
9.5.1Brazil
9.5.2Mexico
9.5.3Rest of LA
9.6CIS Zinc Sulfide Market Size, Opportunities, Key Trends & Strategic Insights
9.6.1Russia
9.6.2Rest of CIS
Chapter 10

Competitive Landscape

10.1Competitive Dashboard & Market Share Analysis
10.2Company Profiles (Overview, Financials, Developments, SWOT)
10.2.1Dow Chemical Company
10.2.2American Elements
10.2.3BASF SE
10.2.4Sigma Aldrich
10.2.5Solvay SA
10.2.6Chemamde
10.2.7Noah Technologies Corporation
10.2.8Alpha Chemika
10.2.9ProChem Inc
10.2.10City Chemical LLC
10.2.11Luming Molybdenum Industry Group Co Ltd
10.2.12Reade Advanced Materials