The global zinc oxide market is predicted to witness a compound annual growth rate of 4.02% during the forecast period to reach a total market size of US$6.016 billion by 2025, increasing from US$4.750 billion in 2019. The increasing application of Zinc Oxide in rubber, ceramics, chemical, pharmaceutical, and personal care is driving the demand for Zinc Oxide. Rubber is expected to exhibit the highest growth rate owing to the increased sales of the tires and other rubber products in the automotive industry across many regions. Increasing investments into research and development to develop new and enhanced products using zinc oxide will continue to drive the demand for zinc oxide, thus contributing significantly to the market growth. However, slow economic growth and new standards for rubber adopted in China and many other regions are hindering the market growth to some extent. Various growth strategies like acquisitions, mergers and partnerships are being adopted by key players to increase their market share. Currently, Asia Pacific holds the largest market share, with China being one of the biggest markets globally.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global zinc oxide value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.

Segmentation

Zinc Oxide Market has been segmented on the basis of Application and Geography as below:

By Application

Rubber

Ceramics

Chemical

Agriculture

Pharmaceutical

Cosmetics and Personal Care

Others

By Geography

North America

US

Canada

Mexico

Others

South America

Brazil

Argentina

Others

Europe

United Kingdom

Germany

France

Italy

Spain

Others

Middle East and Africa

Saudi Arabia

UAE

Israel

Others

Asia Pacific

Japan

China

India

Australia

Others

Market Players

Competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are U.S. Zinc, Horsehead Corporation, Umicore, G.H. Chemicals Limited, and Weifang Longda Zinc Industry Company Limited among others.

Frequently Asked Questions (FAQs)

Q1. What will be the global zinc oxide market size by 2025?

A1. The global zinc oxide market is predicted to reach a market size of US$6.016 billion by 2025.

Q2. What is the size of global zinc oxide market?

A2. Zinc Oxide market was valued at US$4.750 billion in 2019.

Q3. What are the growth prospects for zinc oxide market?

A3. The global zinc oxide market is predicted to witness a CAGR of 4.02% during the forecast period.

Q4. What factors are anticipated to drive the zinc oxide market growth?

A4. The increasing application of Zinc Oxide in rubber, ceramics, chemical, pharmaceutical, and personal care is driving the demand for Zinc Oxide.

Q5. Which region holds the largest market share in the zinc oxide market?