Zinc Oxide Market Size

Zinc Oxide Market size was over USD 5.91 billion in 2025 and is poised to exceed USD 10.29 billion by 2035, growing at over 5.7% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of zinc oxide is estimated at USD 6.21 billion.

Zinc and its derivatives have comprehensive use cases in several topical medicines and creams. Its versatility is such that it has emerged as the fourth most used metal after iron, copper, and aluminum.  Its position in protecting steel from corrosion has made it indispensable in a vast array of industrial and consumer products, across healthcare, manufacturing, and agriculture sectors. According to the International Zinc Association, zinc is a USD 40 billion market and is projected to record a consumption demand of 652k tons in the renewable energy segment by 2030. The automotive sector is expected to generate a demand of 140k tons while complying with all 17 UN sustainable development goals.

Zinc Global Uses, in 2022

Source: Government of Canada

The anticipated value of zinc mined was roughly USD 2.4 billion in 2023 and it was mined at seven mining operations in five States by five companies. Two smelter facilities operated by two companies, including one secondary and one primary, amounted to the majority of the commercial-grade zinc metal in the country. Of the overall reported zinc, most were utilized to manufacture galvanized steel, bronze, brass, zinc-base alloys, and zinc oxide. The presence of a robust raw material supply chain is fostering the zinc oxide market growth.

U.S. Zinc Commodity Summary, through 2023 (Data in thousand metric tons)

Source: USGS