Global Zinc Oxide Market Demand & Forecast Analysis, 2018-2034

Description

The global Zinc Oxide market is projected to cross USD 4.8 billion by 2034, growing at a CAGR of 5% during 2025 to 2034. In volume terms, the market is estimated to surpass 1,800 kilo tons by 2034. Zinc oxide accounts for roughly 9% of the global zinc market and over 50% of total zinc consumption is attributed to zinc oxide.

This report offers a comprehensive overview of the global zinc oxide market, exploring key trends, opportunities, and challenges from 2018 to 2034. With applications across rubber, agriculture, chemicals, paints & coatings, ceramics, pharmaceuticals, and construction, zinc oxide continues to play a crucial role in a wide range of industries.

Zinc oxide plays a vital role in the rubber industry, particularly in tire production, where it's used to improve rubber durability and resistance to heat. This sector alone makes up about 60% of total zinc oxide demand, and its growth is closely tied to global automotive trends. For example, China's plans to drastically increase tire production by 2025 point to strong future demand for zinc oxide.

This report breaks down market demand and value by application and geography, covering over 20 countries across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. It also provides an in-depth look at pricing trends, economic influences (like energy costs and fiscal policies), and the evolving industry structure.

In terms of market by region Asia-Pacific dominates the market with about 50% share, closely followed by North America and Western Europe. Countries like China, India, and Japan are seeing increased usage of zinc oxide, not just in manufacturing tire but also in agriculture.

Over 55% of global soil suffers from zinc deficiency, and farmers in developing countries are increasingly using zinc oxide in fertilizers to boost crop yields and food quality. Though global zinc production has seen ups and downs particularly during the COVID-19 pandemic the market has since recovered, and output is rising again. Still, fluctuations in zinc mining and production can impact the overall zinc oxide supply chain.

Key players in the market include BASF SE, Elementis Specialties, Akrochem Corp., Rubamin Limited, and others, all contributing to innovation and capacity expansion to meet the growing demand.

The future of the zinc oxide market looks strong, fueled by growth in the automotive, agriculture, and manufacturing sectors, especially in emerging economies. Continued investment and production stability will be key to meeting this rising global demand.

1. Introduction

Scope
Market Coverage
- Application
- Regions
- Countries
Years Considered
- Historical - 2018 - 2023
- Base - 2024
- Forecast Period - 2025 - 2034
Research Methodology
- Approach
- Research Methodology
- Prismane Consulting Market Models
- Assumptions & Limitations
- Abbreviations & Definitions
- Conversion Factors
- Data Sources

2. Market Synopsis

Market Evolution
Demand Overview
Industry Structure
Strategic Issues
End-use Trends
Growth Forecast

3. Economic & Energy Outlook

GDP and Demographics
Monetary & Fiscal Policies
Crude Oil Production and prices
Natural Gas
Electricity Prices

4. End-use Sector Performance

Automotive
Agriculture
Paints & Coatings
Construction
Pharmaceutical
Others

5. Introduction to Zinc Oxide and Market Overview

Product Description
Grades & Properties
Raw Material
Manufacturing Process
Environmental Issues
Value Chain
Applications

6. Market Dynamics and Industry Trends

Market Dynamics
- Drivers
- Restraints
- Opportunities
- Challenges

7. Global Zinc Oxide Demand Analysis, By Application (Volume, Value) (2018 - 2034)

Strategic Issues and COVID-19 Impact
Demand Analysis and Forecast (2018 - 2034)
- Demand
- Demand Growth Rate (%)
- Driving Force Analysis
- Global Zinc Oxide Market, By Application
Rubber
Ceramics
Agriculture
Paints & Coatings
Construction
Pharmaceutical
Others

8. Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2018-2034)

Strategic Issues and COVID-19 Impact
Demand Analysis and Forecast (2018 - 2034)
Demand
Demand Growth Rate (%)
Zinc Oxide Market, By Application

Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by application has been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).

North America
USA
Canada
Mexico
Western Europe
Germany
France
Italy
United Kingdom
Spain
Rest of Western Europe
Central & Eastern Europe
Russia
Poland
Rest of Central & Eastern Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Central & South America
Middle East & Africa

Note: CAGR will be calculated for all application to arrive at the regional / global demand growth for the forecast period (2025 - 2034)

9. Pricing Analysis

10. Key Strategic Issues and Business Opportunity Assessment

Market Attractiveness Assessment
Prospective & Target Market Study

11. Strategic Recommendation & Suggestions

12. Company Analysis

Zinc Oxide Manufacturers Profiles/ Company Analysis
- Basic Details
- Headquarter, Key Markets
- Ownership
- Company Financial
- Manufacturing Bases
- Global Turnover
- Total Employee
- Product Portfolio / Services / Solutions
- Key Business Strategies adopted and Prismane Consulting Overview
- Recent Developments
- Companies Covered -
BASF SE
Elementis Specialties
HakusuiTech
Akrochem Corp.
American Chemet Corp.
Grillo-Werke
Numinor
Rubamin Limited
Seyang Zinc Technology
Weifang Longda Zinc Industry
Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

13. Appendices

Demand - Regions
Demand - Countries