Zinc Oxide Market Share

APAC Market Forecast

Asia Pacific industry is likely to account for largest revenue share of 38% by 2037. The rapid industrialization and urbanization in the APAC region have led to increased demand for zinc oxide in various industries, including rubber, ceramics, paints, coatings, and electronics. According to the Asian Development Bank (ADB), the APAC region accounted for over 60% of the world's urban population in 2020, and this trend is expected to continue as urbanization rates rise.

North American Market Statistics

The zinc oxide market in the North America region is projected to hold the second-largest share during the forecast period. The increasing consumer awareness of sun protection and the demand for skin care products in North America drive the use of zinc oxide in cosmetics and personal care products, such as sunscreens and skincare lotions. The pharmaceutical industry in North America utilizes zinc oxide in various medicinal products, including ointments, creams, and topical formulations, due to its antiseptic and astringent properties.