The global Zinc Oxide Market size is expected to grow from USD 4.4 billion in 2019 to USD 5.7 billion by 2024, at a compound annual growth rate (CAGR) of 5.4% during the forecast period. This is attributed to the large-scale demand for rubber and ceramic applications.

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The indirect (French) process segment is projected to lead the zinc oxide market during the forecast period. Relative simplicity in the process and the high purity levels of ZnO with low levels of heavy metal content are the driving factors for the wide adoption of the French method.  

The rubber application accounted for the majority of the zinc oxide market share. Zinc oxide is consumed mainly in the manufacturing of tires, and the large-scale demand from this application is driving the demand for zinc oxide globally. Zinc oxide in tire manufacturing is used for the vulcanization process along with stearic acid.

Based on the region, the zinc oxide market has been segmented into APAC, Europe, the Middle East & Africa, North America, and South America. APAC accounted for the largest share of the market in 2018. The region has emerged as the largest consumer of ZnO owing to the large-scale demand for manufacturing of rubber and tires in countries such as China, Thailand, and India. Europe accounted for the second-largest share in the overall ZnO market in 2018. The market is projected to grow at the fastest rate in Middle East & Africa.

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The key players in the zinc oxide market are US Zinc (US), Zochem (US), EverZinc (Belgium), ZM Silesia (Poland), Akrochem (South Africa), Rubamin (India), Pan-Continental Chemical (Taiwan), J.G. Chemicals (India), Upper India (India), and Suraj Udyog (India). These players have adopted the strategy of acquisition to enhance their product offerings and geographic presence.

US Zinc (US) adopted acquisition as its key strategy to expand its geographic presence in the global zinc oxide market. In January 2019, Aterian Investment Partners acquired US Zinc from Votorantim Group as a part of an international carve-out transaction. This step was taken to increase the opportunity to capture the market in both the local and international markets.

EverZinc (Belgium) undertook the strategy of acquisition to increase its product offering. In January 2019, the company announced that it had acquired G.H. Chemicals (GHC), a Canadian manufacturer, and exporter of ZnO. This strategy will is expected to help the company to expand its product portfolio and market using GHC’s high-class facilities.

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January 04, 2019: Global Market for zinc oxide to 2023 offers detailed coverage of zinc oxide industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading zinc oxide producers to provide exhaustive coverage of the zinc oxide.

Report contents include

- Analysis of the zinc oxide market including revenues, future growth, market outlook

- Historical data and forecast

- Regional analysis including growth estimates

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- Analyzes the end user markets including growth estimates.

- Profiles on zinc oxide including products, sales/revenues, and market position

- Market structure, market drivers and restraints.

Key regions

- North America

- Europe

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- Asia Pacific

- Middle East and Africa

- South America

Key Vendors

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Table of Contents

Part 1. Summary

Part 2. Report Methodology

2.1 Methodology

2.2 Data Source

2.3 Disclaimer

Part 3. Market Overview

3.1 General Information

3.2 Product Type

3.3 Application

3.4 Zinc Oxide Status & Prospect

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