Zinc Oxide Market Analysis

Type (Standard, Chemical)

The chemical segment is estimated to gain the largest market share of 60% in the year 2037. Zinc oxide is widely used as a vulcanization accelerator in the rubber industry, promoting cross-linking of rubber molecules and enhancing the mechanical properties of rubber compounds. In the ceramics industry, zinc oxide is utilized in glazes and as a flux material to improve the flow of ceramic materials during firing and enhance the final product's properties.

End User (Ceramics, Pharmaceuticals, Agriculture)

The pharmaceuticals segment is expected to garner a significant share in the year 2037. Zinc oxide is known for its antiseptic and astringent properties, making it suitable for various medicinal applications, including ointments, creams, and topical formulations. According to a report, global zinc oxide sales for pharmaceutical applications were valued at nearly USD 657.3 million in the year 2020.

Our in-depth analysis of the global market includes the following segments:

Type

Standard
Chemical

End User

Ceramics
Pharmaceuticals
Agriculture

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of zinc oxide is estimated at USD 13.3 billion.

The zinc oxide market size was valued at USD 12.61 billion in 2024 and is likely to cross USD 29.66 billion by 2037, expanding at more than 6.8% CAGR during the forecast period i.e., between 2025-2037. Increasing demand for the pharmaceutical sector will fuel the market growth.

Asia Pacific industry is likely to account for largest revenue share of 38% by 2037, as rapid industrialization and urbanization in the region have led to increased demand for zinc oxide in various industries, including rubber, ceramics, paints, coatings, and electronics.

The major players in the market are Umicore N.V., EverZinc, American Zinc Recycling, Weifang Longda Zinc Industry Co., Ltd., GH Chemicals Limited, Rubamin Ltd., ZOchem Inc., Seyang Zinc Technology (Shanghai) Co., Ltd., Mario Pilato Blat S.A., Grillo-Werke AG

Zinc Oxide Market Analysis