Zinc Oxide Market to Grow with a CAGR of 4.68% Globally through 2029
Surge in research and development activities is expected to drive the Global
Zinc Oxide Market growth in the forecast period, 2025-2029
According to TechSci Research report, “Zinc Oxide Market
- Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2029”, the Global Zinc Oxide Market stood at USD5.38 billion
in 2023 and is anticipated to grow with a CAGR of 4.68% in the forecast period,
2025-2029. Initiatives taken by government based on zinc oxide has led to
favorable market conditions for the Global Zinc Oxide Market. Several factors
contribute to the growth of various zinc oxide products.
Regulatory bodies, such as the Food and Drug
Administration (FDA) in the United States, play a crucial role in meticulously
reviewing and regulating the utilization of zinc oxide. Notably, the FDA has
unequivocally designated zinc oxide as one of the few ingredients that meet the
criteria for being Generally Recognized as Safe and Effective (GRASE). This
esteemed recognition, primarily attributed to its remarkable application in
sunscreen products, serves as a testament to the paramount importance and
impeccable safety of zinc oxide in the realm of skincare. Its exceptional
properties make it an indispensable component in maintaining skin health and
safeguarding against harmful UV radiation.
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In recent years, the scope of zinc oxide applications
has witnessed a remarkable expansion, largely propelled by the continuous
advancements in research and development activities. Researchers from around
the globe are fervently exploring new and innovative uses for zinc oxide,
particularly in sectors such as electronics, pharmaceuticals, and cosmetics.
One key area that has garnered significant attention
in current research is nano zinc oxide. This smaller and more potent form of
zinc oxide exhibits extraordinary properties that hold immense potential for
various industries. Its unique characteristics, such as increased surface area
and enhanced reactivity, make it an ideal candidate for applications ranging
from advanced electronics to cutting-edge drug delivery systems and
high-performance cosmetics. The promising future of nano zinc oxide is poised
to revolutionize these industries, paving the way for groundbreaking
advancements in technology and product development.
The Global Zinc Oxide Market is segmented into form,
end user, regional distribution, and company.
Based on its form, the powder segment held the largest
market share in the forecast period. Powdered zinc oxide is readily available
from multiple suppliers and manufacturers worldwide, ensuring consistent
availability and accessibility for industries requiring zinc oxide for their
operations.
Based on region, Asia Pacific segment is expected to
grow during the forecast period.
According to the latest data from the National Bureau
of Statistics of China, in the year 2021 alone, an impressive number of
approximately 900 million tires were produced in China, highlighting the
country's significant contribution to the global tire manufacturing industry.
Furthermore, with the ongoing investments in expanding tire manufacturing
facilities across the nation, the demand for zinc oxide is projected to witness
a notable surge during the forecast period. This growing demand underscores the
pivotal role that China plays in the global market for this crucial material.
Major companies operating in Global Zinc Oxide Market
are:
·
Akrochem Corporation
·
EverZinc Group SA
·
Hakusui Tech Co Ltd
·
Hindustan Zinc Limited
·
Silox SA
·
Weifang Longda Zinc Industry Co. Ltd
·
Zinc Industrias Nacionales SA
·
ZM SILESIA SA
·
Zochem LLC
·
Rubamin Pvt Ltd
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“Nanoparticle zinc oxide, with its unique properties,
represents a significant advancement in UV protection technology and transparency
in comparison to traditional zinc oxide particles. Its ultrafine particle size
allows for improved dispersion and coverage, resulting in more effective
protection against harmful UV rays while maintaining a higher level of
transparency on the skin. This enhanced UV protection capability, coupled with
improved transparency, has led to a notable shift in the cosmetics and skincare
industry towards incorporating nanoparticle zinc oxide in sunscreen
formulations and various other cosmetic products. Moreover, the increased
awareness of the harmful effects of UV radiation on skin health, including
premature aging and skin cancer risks, has driven consumer demand for more
effective and reliable sun protection solutions. Nanoparticle zinc oxide offers
an advanced alternative to chemical UV filters and conventional zinc oxide
particles, providing broad-spectrum protection against UVA and UVB rays while
minimizing the potential for skin irritation or allergic reactions commonly
associated with chemical sunscreen ingredients.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Zinc Oxide Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Form (Powder, Pellets), By End User (Automotive, Construction, Paints & Coatings, Pharmaceutical, Agriculture, Others), By Region and Competition, 2019-2029”, has evaluated
the future growth potential of Global Zinc Oxide Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Zinc Oxide Market.
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