Zinc Oxide Market Size

Zinc Oxide Market size is anticipated to surpass USD 22 billion by the end of 2035, growing at a CAGR of 7% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of zinc oxide was over USD 11 billion. Zinc oxide is commonly used in the rubber industry as a vulcanization accelerator. As the automotive industry and tire manufacturing continue to grow, the demand for zinc oxide is expected to rise. The ceramic industry uses zinc oxide in glazes and as a flux material. The construction sector's growth also contributes to the increased demand for ceramic products, driving the demand for zinc oxide.

Zinc oxide is used in sunscreen lotions and other cosmetic products due to its UV-blocking properties. The growing awareness of the harmful effects of UV rays and an increasing interest in skincare products have boosted the market. Zinc oxide is a versatile inorganic compound used in various industries, and its demand is influenced by factors such as industrialization, urbanization, and technological advancements.