Zinc Oxide Market by Process, Grade, Application

List of Tables

[192 Pages Report] The Zinc Oxide Market size was estimated at USD 4.07 billion in 2023 and expected to reach USD 4.52 billion in 2024, at a CAGR 11.25% to reach USD 8.58 billion by 2030.

Zinc oxide is an inorganic compound with a white, powdery substance that is insoluble in water but soluble in most acids. Zinc oxide is widely used in various industrial, pharmaceutical, and personal care applications due to its unique properties and ability to block ultraviolet (UV) light. Zinc oxide is an essential ingredient in products such as sunscreens, paints, coatings, and rubber goods and also plays a key role in semiconductor technology within the electronic industry. The elevated demand for zinc oxide in the rubber industry for the rubber vulcanization process and the need to minimize micronutrient deficiency in soils are propelling the expansion of the zinc oxide market. The market is shifting toward non-toxic and safe materials, which is expected to bolster demand for zinc oxide as an essential ingredient in several eco-friendly products. However, fluctuations in the raw material prices directly impact the market, affecting the cost of production for zinc oxide. Innovation and sustainability are key trends influencing market growth as companies invest in research and development to improve the eco-friendliness of products and processes. Notably, developments in nanotechnology have expanded the application of zinc oxide, potentially opening new avenues for market expansion.

KEY MARKET STATISTICS
Base Year [2023]	USD 4.07 billion
Estimated Year [2024]	USD 4.52 billion
Forecast Year [2030]	USD 8.58 billion
CAGR (%)	11.25%

Process: Significant implementation of a direct process for zinc oxide

The Direct Process, or American Process, is valued for its straightforward mechanism, in which zinc metal is vaporized and combined with oxygen in a combustion environment. This method typically yields zinc oxide with a larger particle size and increased specific surface area, though the resulting product tends to contain impurities and residual compounds, making it less pure than that obtained through the Indirect Process. The Indirect Process, also known as the French Process, involves the sublimation of zinc at high temperatures followed by controlled oxidation. The zinc oxide generated by this process is recognized for its fine, consistent particle size and exceptional purity, with a high degree of whiteness valuable for cosmetics, pharmaceuticals, and food-grade industries. The Wet-Chemical Process offers an alternative approach, premised on the precipitation of soluble zinc salts to create zinc oxide. This method provides significant versatility and control over the product's properties, such as morphology, particle size, and surface area, making it suitable for industries requiring strict zinc oxide characteristics.

Application: Broadening application of zinc oxide in agriculture sector

In agriculture, zinc oxide stands out as a crucial micronutrient in fertilizers, contributing to improved plant growth and increased resistance to pathogens, thereby boosting crop yield and quality. Moreover, its addition to animal feed promotes the health and growth of livestock. In the ceramics industry, zinc oxide is an effective fluxing agent in glazes and frits, exhibiting enhanced brightness, quality, and strength while enabling lower firing temperatures and improving thermal expansion controls. Its versatility is further demonstrated in the chemical sector, where it aids in synthesizing rubber, paint coatings, and various chemical compounds, enhancing their resistance to wear, corrosion, and UV degradation. Due to its anti-inflammatory attributes, the cosmetics and personal care industry values zinc oxide for its sunscreen efficacy and skin-protective properties, including its effectiveness in acne treatments and beauty products. Zinc oxide is recognized for its antiseptic and antibacterial qualities within pharmaceuticals, finding uses in treatments for numerous skin conditions. In the rubber industry, zinc oxide is a key activator in vulcanization processes that cannot be overstated, markedly improving elasticity, tensile strength, and durability, especially in products such as tires and shoe soles.

Regional Insights

The zinc oxide market is experiencing robust growth across different regions, underpinned by diverse industrial demands. In the Americas, steady expansion is primarily attributed to its vital role in the rubber, chemical, and pharmaceutical industries, with the U.S. being a significant consumer due to zinc oxide's UV protection properties and its importance in tire and rubber production. South America, notably Brazil and Argentina, presents growth avenues influenced by industrial advancements and a regulatory focus on environmental sustainability, pushing the demand for eco-friendly and high-purity zinc oxide. Asia-Pacific is witnessing rapid growth driven by industrialization in China and India and burgeoning automotive, electronics, and pharmaceutical sectors. This region benefits from an ample supply of raw materials and key manufacturers, enhancing production efficiency and market reach, although facing potential regulatory hurdles related to emissions control. The EMEA area showcases a steady market expansion, propelled by stringent environmental and consumer safety standards in Europe, fostering innovation in high-quality, safe zinc oxide variants for cosmetics, pharmaceuticals, and agriculture, with the Middle East and Africa emerging as key markets due to their industrial and manufacturing sector growth.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Zinc Oxide Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Zinc Oxide Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Zinc Oxide Market, highlighting leading vendors and their innovative profiles. These include Advance ZincTek Limited, Akrochem Corporation, BASF SE, Befesa S.A., Everzinc Group SA, Global Chemical Co., Ltd., GRILLO-Werke AG, Hindustan Zinc Limited by Vedanta Group, INTERMEDIATE CHEMICALS CO. LTD., J. G. Chemicals Pvt. Ltd., Jiangsu ShenLong Zinc Industry Co., Ltd., L. Brugge-mann GmbH & Co. KG, Lanxess AG, Merck KGaA, MLA Group, Nahar Granites Pvt. Ltd., Neo Zinc Oxide Pvt Ltd., New Directions Australia Pty Ltd., Nordmann, Rassmann GmbH, Pan-Continental Chemical Co., Ltd., Rubamin Private Limited, Silox, S.A., Suraj Udyog, Tokyo Chemical Industry Co., Ltd., Upper India, Uttam Industries, Weifang Longda Zinc Industry Co., Ltd., ZINC OXIDE PTY LTD., and Zochem by Zinc Oxide LLC.

Market Segmentation & Coverage

This research report categorizes the Zinc Oxide Market to forecast the revenues and analyze trends in each of the following sub-markets:

Process
- Direct Process (American Process)
- Indirect Process (French Process)
- Wet-Chemical Process

Grade
- Food and Chemical Codex (FCC) Grade
- Standard Grade
- Treated Grade
- United States Pharmacopeia (USP) Grade

Application
- Agriculture
- Ceramics
- Chemicals
- Cosmetics and Personal Care
- Pharmaceuticals
- Rubber

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Zinc Oxide Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Zinc Oxide Market?

3. What are the technology trends and regulatory frameworks in the Zinc Oxide Market?

4. What is the market share of the leading vendors in the Zinc Oxide Market?

5. Which modes and strategic moves are suitable for entering the Zinc Oxide Market?

Product Code: MRR-ED54C46E8CC2

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising Demand from the Rubber & Tire Industry
  - 5.1.1.2. Increasing Usage in the Pharmaceuticals, Cosmetics, and Personal Care Industries
  - 5.1.1.3. Growing Demand for Zinc Oxide Nanoparticles
- 5.1.2. Restraints
  - 5.1.2.1. Side Effects of Zinc Oxide and Fluctuations in the Prices of Zinc
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in Zinc Oxide-Based Carbon Monoxide Sensors
  - 5.1.3.2. Emerging Adoption of Zinc-Oxide for New Spintronics Applications
- 5.1.4. Challenges
  - 5.1.4.1. Implementation of Rigid Regulations Related to the Utilization of Zinc Oxide
5.2. Market Segmentation Analysis
- 5.2.1. Process: Significant implementation of a direct process for zinc oxide
- 5.2.2. Application: Broadening application of zinc oxide in agriculture sector
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Zinc Oxide Market, by Process

6.1. Introduction
6.2. Direct Process (American Process)
6.3. Indirect Process (French Process)
6.4. Wet-Chemical Process

7. Zinc Oxide Market, by Grade

7.1. Introduction
7.2. Food and Chemical Codex (FCC) Grade
7.3. Standard Grade
7.4. Treated Grade
7.5. United States Pharmacopeia (USP) Grade

8. Zinc Oxide Market, by Application

8.1. Introduction
8.2. Agriculture
8.3. Ceramics
8.4. Chemicals
8.5. Cosmetics and Personal Care
8.6. Pharmaceuticals
8.7. Rubber

9. Americas Zinc Oxide Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Zinc Oxide Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Zinc Oxide Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Nordmann and Uviva Technologies Enter Zinc Oxide Distribution Partnership for Natural Sun Care
- 12.3.2. Zochem Acquires 40% Stake in Industrias Electro-Quimicas of Peru
- 12.3.3. Nevada Zinc Partners with BelZinc to produce zinc oxide

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio