Zinc Oxide Market Analysis

Type (Standard, Chemical)

The chemical segment is estimated to gain the largest market share of 60% in the year 2035. 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 2035. 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)

Increasing demand for the pharmaceutical sector is the major factor driving the market growth.

The market size of zinc oxide is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2023 â€“ 2035.

The major players in the market are Umicore N.V., EverZinc, American Zinc Recycling (formerly known as Horsehead Corporation), Weifang Longda Zinc Industry Co., Ltd., GH Chemicals Limited, and others.

The pharmaceuticals segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Zinc Oxide Market Analysis