Zinc Oxide Market Key Players and Opportunities by 2028

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Zinc Oxide Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Process (French Process, Wet Process, American Process, and Others), Grade (Standard Grade, Food Grade, USP Grade, and Others), and Application (Rubber, Agriculture, Chemicals and Lubricants, Glass and Ceramic, Paint and Pigment, Pharmaceutical, and Others)

  • Report Date : May 2022
  • Report Code : TIPRE00028976
  • Category : Chemicals and Materials
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 173

The zinc oxide market size was valued at US$ 4,506.51 million in 2021 and is projected to reach US$ 6,338.82 million by 2028; it is expected to grow at a CAGR of 5.0% from 2021 to 2028.  

Zinc oxide is an inorganic compound with the formula ZnO. It is a white powder that is insoluble in water, and it is widely used as an additive in numerous materials and products. Further, ZnO is used for the vulcanization of rubber to increase its durability. The tire industry further uses this vulcanized rubber for the manufacturing of tires. The rubber industry consumed more than half of the ZnO produced worldwide due to the growing production of tires. Further, increasing the production of smart devices and the utilization of zinc oxide in cosmetic products and personal care products, including makeup, baby lotions, powders, and bath soaps, are the key drivers of the zinc oxide market. It is also used as a bulking agent, a colorant, and a skin protectant in OTC drug products, such as sunscreen.  

Further, zinc oxide is widely used as an additive for lubricating oils of automotive engines to reduce oxidation corrosion and wear. Zinc oxides are used to manufacture various types of lubricants, such as extreme-pressure lubricants, seizure-resistant lubricants, and greases. Thus, the above-mentioned products are high in demand, and respective industries are growing positively. For instance, in 2021, the cosmetic industry garnered around US$ 81 billion in revenue worldwide and registered around 8% growth compared to the previous year, as per the study by Statista. Similarly, in 2021, automotive lubricants have recorded 70.2 billion revenues, an increase of around 5% compared to 2020, as per the Statista report. Thus, the wide array of applications of zinc oxide is increasing its consumption rate and subsequently driving market growth.

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Zinc Oxide Market: Strategic Insights

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    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Impact of COVID-19 Pandemic on Zinc Oxide Market

The  COVID-19 pandemic caused considerable disruptions in the growth of various industries globally. Similarly, the COVID-19 pandemic had a major impact on the zinc oxide market in 2020, when the supply chain of the zinc oxide raw material got hampered due to the restriction of goods transport. Eased lockdown norms in several countries and the growing pharmaceutical industry sustained global demand for zinc oxide. In addition to this, the rapid COVID-19 vaccinations program and rise in adoption of zinc oxide for medicinal products globally are flourishing the growth of the zinc oxide market, and manufacturers of zinc oxide are witnessing significant growth in their business.

Market Insights
Growing Demand for Green Zinc Oxide Nanoparticles in Agriculture

With the growing demand for chemical-free foods globally, green zinc oxide nanoparticle consumption is increasing since it is a safe alternative to conventional chemical methods without leaving any air pollutants. Zinc oxide nanoparticles are effective for germination and improve the development of plants. It also helps boost the growth rate of stem and roots without extracting soil nutrients. The demand for green zinc oxide nanoparticles gradually increases due to their soil reviving properties and increased crop yield.

Process Insights

Based on process, the global zinc oxide market is segmented into french process, wet process, american process, and others. The french process segment led the global zinc oxide market in 2020. The french process is also known as the indirect process; in this process, zinc is melted in a furnace and vaporized at 910 degrees. The immediate reaction of the zinc vapor with oxygen from the air produces zinc oxide.

Grade Insights

Based on grade, the zinc oxide market is segmented into standard grade, food grade, USP grade, and others. The standard grade segment led the global zinc oxide market in 2020. Standard grade zinc oxide is widely used in labs, research, and development sector as a reference standard while experimenting. The standard grade zinc oxide is high-quality and pure zinc oxide.

Zinc Oxide Market Regional Insights

The regional trends and factors influencing the Zinc Oxide Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Zinc Oxide Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

zinc-oxide-market-global-geography
  • Get the Regional Specific Data for Zinc Oxide Market

Zinc Oxide Market Report Scope

Report Attribute Details
Market size in 2021 US$ 4.51 Billion
Market Size by 2028 US$ 6.34 Billion
Global CAGR (2021 - 2028) 5.0%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Process
  • French Process
  • Wet Process
  • American Process
By Grade
  • Standard Grade
  • Food Grade
  • USP Grade
By Application
  • Rubber
  • Agriculture
  • Chemicals and Lubricants
  • Glass and Ceramic
  • Paint and Pigment
  • Pharmaceutical
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • EverZinc
  • L. Brügge

  • Zinc Oxide Market Players Density: Understanding Its Impact on Business Dynamics

    The Zinc Oxide Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Zinc Oxide Market are:

    1. EverZinc
    2. L. Brügge

    Disclaimer: The companies listed above are not ranked in any particular order.


    zinc-oxide-market-cagr

    • Get the Zinc Oxide Market top key players overview

    Application Insights

    Based on application, the global zinc oxide market is segmented into rubber, agriculture, chemicals and lubricants, glass and ceramic, paint and pigment, pharmaceutical, and others. The rubber segment led the global zinc oxide market in 2020. Rubber is being widely used in manufacturing various products such as tires and scrap tubes; the increasing use of rubber increases the market demand for zinc oxide. Zinc oxide is used in the rubber industry to prevent discoloration and maintain heat stability and product transparency.

    EverZinc; L. Brügge­mann GmbH & Co.; U.S. Zinc; Zochem, Inc.; Umicore; Grillo-Werke AG; Rubamin; JG Chemicals Pvt. Ltd.; Pan-Continental Chemical Co., Ltd.; and Akrochem Corporation are some players actively focusing on developing more innovative zinc oxide for various applications.

    Report Spotlights

    • Progressive zinc oxide market trends to help players develop effective long-term strategies
    • Business growth strategies adopted by developed and developing markets
    • Quantitative analysis of the zinc oxide market from 2019 to 2028
    • Estimation of global demand for zinc oxide
    • Porter's analysis to illustrate the efficacy of buyers and suppliers operating in the zinc oxide industry
    • Recent developments to understand the competitive market scenario
    • Market trends and outlook as well as factors driving and restraining the growth of the zinc oxide market
    • Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
    • The size of the zinc oxide market at various nodes
    • Detailed overview and segmentation of the market, as well as the zinc oxide industry dynamics
    • Zinc oxide market size in various regions with promising growth opportunities

    Frequently Asked Questions

    What is the key driver for the growth of the global butyric acid market?

    Growing demand for butyric acid from animal feed sector is one of the major driving factors for the market. Butyric acid is known for its beneficial effects on gut health and development. For decades, it has been in use in the animal feed industry for ensuring improved gut health and animal performance. The use of butyric acid in animal nutrition also helps in improving nutrient absorption.

    Which region is anticipated to grow with the fastest CAGR for the butyric acid market?

    Asia Pacific (APAC) is anticipated to grow with the fastest CAGR at rate of 15.3% from 2021 to 2028. The growing number of livestock farms in APAC is propelling animal feed consumption levels, subsequently leading to the proliferation of the butyric acid market.

    What is the impact of COVID-19 on the butyric acid market?

    Due to the COVID-19 pandemic, butyric acid manufacturers witnessed a slight disruption in the supply chain of butyric acid during the first two quarters of 2020. However, the supply chain of butyric acid materials has been restored, and production activities have regained normalcy in late 2020. Later, the market was not significantly negatively impacted by the pandemic. Further, with the growing COVID-19 vaccinations and eased in lockdown restrictions, the global economy is resuming, and subsequently, the butyric acid market is regaining its growth.

    On the basis of application, which segment accounted for the largest share in the global butyric acid market?

    Based on application, the animal feed segment accounted the largest share of the global butyric acid market. Butyric acid and fatty acids are extensively used in production of poultry and swine feed due to its beneficial properties such as improving digestibility, better colonisation resistance, and improved growth performance among young livestock.

    Can you list some of the major players operating in the global butyric acid market?

    The major players operating in the global butyric acid market are Eastman Chemical Company; OQ Chemicals GmbH; Tokyo Chemical Industry Co., Ltd.; Perstorp Holding AB; Alfa Aesar; MERCK KGaA; Vigon International, LLC.; Hefei TNJ Chemical Industry Co.,Ltd.; KUNSHAN ODOWELL CO.,LTD; and Yufeng International Co.,Ltd.

    During the forecast period, which region is anticipated to account for the largest share of the global butyric acid market?

    During the forecast period, Asia Pacific is anticipated to account for the largest share in the global butyric acid market. The region houses few of the fastest developing economies of the world such as China and India and that are the major consumer of the butyric acid. Moreover, in the Asia Pacific region, there is a growing number of livestock farms which is increasing the consumption of animal feed and subsequently proliferating the butyric acid market.

    Habi Ummer
    Habi Ummer
    Manager,
    Market Research & Consulting

    Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

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    The List of Companies - Zinc Oxide Market

    1. EverZinc
    2. L. Brügge­mann GmbH & Co.
    3. U.S. Zinc.
    4. Zochem, Inc.
    5. Umicore
    6. Grillo-Werke AG
    7.  Rubamin
    8. JG Chemicals Pvt. Ltd.
    9. Pan-Continental Chemical Co., Ltd. 
    10. Akrochem Corporation
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