Zinc Oxide Market Size and Share

Zinc Oxide Market (2025 - 2030)
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Zinc Oxide Market Analysis by Mordor Intelligence

The Zinc Oxide Market size is estimated at 2.36 million tons in 2025, and is expected to reach 2.85 million tons by 2030, at a CAGR of 3.81% during the forecast period (2025-2030). A sustained preference for zinc oxide’s UV attenuation, antimicrobial activity, and catalytic behavior fuels demand across legacy and emerging applications. Innovations in nano-scale processing now enable tighter particle-size control that improves heat resistance in high-temperature coatings while simultaneously lowering additive loadings in green-tire formulations. The compound’s Generally Recognized as Safe and Effective (GRASE) status underpins rising cosmetics adoption, whereas its wide bandgap makes it attractive for next-generation optoelectronics. Meanwhile, widespread process upgrades—from hybrid indirect/wet-chemical routes to closed-loop water systems—create new efficiency benchmarks and keep compliance costs in check despite stricter wastewater limits.

Key Report Takeaways

  • By process, the indirect method held 71.34% of zinc oxide market share in 2024; the wet-chemical route is projected to expand at a 4.12% CAGR through 2030.
  • By application, rubber and tire compounds accounted for 39.19% of the zinc oxide market size in 2024, while paints and coatings are poised to grow at a 4.35% CAGR to 2030.
  • By geography, Asia-Pacific led with 45.42% of zinc oxide market share in 2024, and is expected to maintain the fastest 4.06% CAGR during the forecast window.

Segment Analysis

By Process: Indirect Method Retains Scale Advantages While Wet-Chemical Gains Traction

Indirect (French) production delivered 71.34% of output in 2024, benefiting from decades of fine-tuning that anchor cost efficiency and consistent purity demanded by mass markets in rubber, ceramics, and pigments. Continuous furnace upgrades, heat-recovery loops, and waste-gas cogeneration further lower specific energy consumption, reinforcing the indirect route’s competitiveness in the zinc oxide market. In parallel, wet-chemical operations are scaling quickly, recording a 4.12% CAGR thanks to their ability to engineer nano- or micro-level morphology with narrow size distributions essential for cosmetics, electronics, and precision agriculture. Plant retrofits now blend indirect calcination stages with wet-chemical precipitation for flexible grade portfolios that capture both high-volume and niche value segments.

Growing regulatory scrutiny accelerates adoption of green chemistry inside wet-chemical lines. Botanical extracts and microbial catalysts replace conventional alkali precipitants, producing bio-compatible nanoparticles suited for dermatological and biomedical products. Simultaneously, digital process-control algorithms monitor pH, temperature, and residence time in real time, minimizing batch-to-batch variance and improving yield. Collectively, these innovations broaden end-use fields and ensure that the zinc oxide market maintains a balanced process mix responsive to evolving customer specifications.

Zinc Oxide Market: Market Share by Process
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By Application: Rubber Dominance Faces Rapid Coatings Momentum

Rubber and tire compounds generated 39.19% of 2024 demand, reflecting their entrenched role in vulcanization systems that confer tensile strength and weather resistance. Electric-vehicle proliferation intensifies wear and heat stress, indirectly raising per-tire zinc oxide loads, thereby lengthening the lifespan of the segment’s dominance inside the zinc oxide market. Nevertheless, paints and industrial coatings now post the fastest 4.35% CAGR, buoyed by nano-zinc oxide dispersions that withstand 500 °C and enhance corrosion protection for offshore, petrochemical, and high-temperature pipeline assets. The shift illustrates a re-weighting toward specialty, higher-margin outlets less exposed to automotive cycles.

Ceramics and glass continue steady uptake as manufacturers seek fluxes that enable lower firing temperatures and add electrical insulation in electronic ceramics. Meanwhile, pharmaceutical and cosmetics lines expand on the back of mineral-only sunscreen mandates and the rise of reef-safe labels. Agriculture emerges as a technology push sector where nano-formulations improve nutrient bioavailability, closing micronutrient gaps in staple crops. Diversification into battery, catalyst, and sensor applications rounds out an increasingly multi-pole demand profile that enhances stability for the zinc oxide market.

Zinc Oxide Market: Market Share by Application
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Geography Analysis

Asia-Pacific accounted for 45.42% of global volume in 2024 and is slated to outpace other regions with a 4.06% CAGR through 2030, powered by large downstream rubber and electronics sectors in China, India, and Southeast Asia. China alone consumes 0.3–0.5 million tons per year, equal to 5–10% of its refined-zinc usage, underscoring the material’s strategic relevance to the region’s manufacturing ecosystems. Regional producers leverage low-cost energy and integrated smelting-oxide chains to secure long-term contracts with global tire majors, a factor that consolidates Asia-Pacific’s anchor role within the zinc oxide market.

North America trails in volume yet leads in application innovation, particularly in aerospace ceramics, medical devices, and optoelectronics that command high-purity or nano-engineered grades. However, a 73% import reliance on refined zinc leaves regional oxide makers exposed to forex swings and freight bottlenecks. Investment in secondary zinc recovery and battery-grade recycling aims to mitigate this exposure. In Europe, stringent life-cycle regulations spur adoption of closed-loop water systems and low-carbon smelting inputs such as EverZinc’s use of over 40% recycled metal, reinforcing the region’s image as a sustainability leader.

Emerging zones in South America and the Middle East & Africa benefit from infrastructure and construction booms that raise coatings and rubber volumes. Although these regions currently depend on imports, new smelting capacity in Peru and Oman signals a shift toward local production over the medium term. This diffusion spreads demand and invites regional customization, adding resilience to overall zinc oxide market growth.

Zinc Oxide Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The zinc oxide market remains moderately fragmented. Hindustan Zinc, EverZinc, and JG Chemicals headline the top tier, each prosecuting distinct competitive playbooks. Hindustan Zinc is dedicating USD 1.39 billion to a Debari smelter that doubles refined capacity to 2 million tpa, underpinning integrated zinc-oxide expansion while promoting its EcoZen low-carbon label boasting 75% lower emissions than conventional benchmarks. EverZinc centers its strategy on specialty niches, ramping its Zano ultrafine line and launching Rechargeable Zinc Materials for next-generation batteries. JG Chemicals commands roughly 30% of India’s domestic oxide demand, leveraging 80+ grade variants to serve over 200 rubber, ceramic, and pharma clients. 

Technological edge decides margin leadership. Firms scale hydrothermal and mechanochemical reactors that achieve sub-50 nm medians required for optoelectronic inks. Others invest in AI-driven process control to shave energy costs and tighten particle distribution. Sustainability credentials are emerging as a procurement criterion, propelling adoption of renewable-powered furnaces and post-consumer zinc scrap loops. These moves not only meet Scope-3 emission targets of OEM customers but also open eligibility for green-financing instruments, lowering weighted average cost of capital. Concurrently, smaller regional suppliers either partner for technology access or focus on captive supply chains in local rubber clusters, carving defensible niches in the wider zinc oxide market.

Zinc Oxide Industry Leaders

  1. EverZinc

  2. Akrochem Corporation

  3. RUBAMIN

  4. Zinc Nacional S.A.

  5. Zochem LLC

  6. *Disclaimer: Major Players sorted in no particular order
Zinc Oxide Market Concentration
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Recent Industry Developments

  • August 2023: Zochem acquired a 40% stake in Industrias Electro-Químicas (IEQSA), a prominent Peruvian manufacturer of zinc products. Both companies will continue to operate independently under their existing names, with Zochem's operations in North America complementing IEQSA's presence in South America.
  • June 2023: Zochem announced the inauguration of a new furnace at its Dickson, TN facility, enhancing its zinc oxide production capacity. This expansion adds an additional 15,000 metric tons of capacity to the Central Tennessee site.

Table of Contents for Zinc Oxide Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Robust demand from rubber and tire industry
    • 4.2.2 Expansion of cosmetics and sunscreen formulations
    • 4.2.3 Growth of specialty ceramics and glass applications
    • 4.2.4 Micronutrient‐rich fertilizers in precision agriculture
    • 4.2.5 Commercialisation of nano-ZnO in opto-electronics
  • 4.3 Market Restraints
    • 4.3.1 Zinc concentrate price volatility
    • 4.3.2 Tightening discharge regulations on ZnO leachate
    • 4.3.3 Substitution by Calcium or Zinc-free green-tire activators
  • 4.4 Value Chain Analysis
  • 4.5 Porter’s Five Forces
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Degree of Competition

5. Market Size and Growth Forecasts (Volume)

  • 5.1 By Process
    • 5.1.1 Indirect (French) Process
    • 5.1.2 Direct (American) Process
    • 5.1.3 Wet-chemical Process
  • 5.2 By Application
    • 5.2.1 Rubber and Tires
    • 5.2.2 Ceramics and Glass
    • 5.2.3 Pharmaceuticals and Cosmetics
    • 5.2.4 Agriculture
    • 5.2.5 Paints and Coatings
    • 5.2.6 Other Applications (Chemicals and Food, etc.)
  • 5.3 By Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 Japan
    • 5.3.1.3 India
    • 5.3.1.4 South Korea
    • 5.3.1.5 ASEAN Countries
    • 5.3.1.6 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 France
    • 5.3.3.4 Italy
    • 5.3.3.5 Spain
    • 5.3.3.6 Russia
    • 5.3.3.7 NORDIC Countries
    • 5.3.3.8 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share(%)/Ranking Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
    • 6.4.1 Akrochem Corporation
    • 6.4.2 American Chemet Corporation
    • 6.4.3 EverZinc
    • 6.4.4 GRILLO-Werke AG
    • 6.4.5 HAKUSUI TECH.
    • 6.4.6 HANIL
    • 6.4.7 Hindustan Zinc
    • 6.4.8 Pan-Continental Chemical Co., Ltd.
    • 6.4.9 RUBAMIN
    • 6.4.10 Silox India Pvt Ltd
    • 6.4.11 SURAJ UDYOG
    • 6.4.12 Zinc Nacional S.A.
    • 6.4.13 Zinc-o-India
    • 6.4.14 ZM SILESIA SA
    • 6.4.15 Zochem LLC

7. Market Opportunities and Future Outlook

  • 7.1 White-space and Unmet-Need Assessment
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Global Zinc Oxide Market Report Scope

Zinc Oxide (ZnO) is an inorganic compound. It is a white powder that is insoluble in water and is widely used as an additive in various materials and products. It is also known as Calamine or Zinc White. It is found naturally as the mineral zincite. It is mostly made synthetically. 

The Zinc Oxide Market is segmented by Process (Indirect Process, Direct Process, and Wet Process), Application (Rubber and Tires, Ceramics and Glass, Pharmaceuticals and Cosmetics, Agriculture, Paints and Coatings, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). 

The report also covers the market sizes and forecasts in 15 countries across the major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kilotons).

By Process
Indirect (French) Process
Direct (American) Process
Wet-chemical Process
By Application
Rubber and Tires
Ceramics and Glass
Pharmaceuticals and Cosmetics
Agriculture
Paints and Coatings
Other Applications (Chemicals and Food, etc.)
By Geography
Asia-Pacific China
Japan
India
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Russia
NORDIC Countries
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Rest of Middle East and Africa
By Process Indirect (French) Process
Direct (American) Process
Wet-chemical Process
By Application Rubber and Tires
Ceramics and Glass
Pharmaceuticals and Cosmetics
Agriculture
Paints and Coatings
Other Applications (Chemicals and Food, etc.)
By Geography Asia-Pacific China
Japan
India
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Russia
NORDIC Countries
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Rest of Middle East and Africa
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Key Questions Answered in the Report

What is the current Zinc Oxide Market size?

The zinc oxide market size stands at 2.36 million tons in 2025 and is on track to reach 2.85 million tons by 2030.

Which region leads global demand?

Asia-Pacific holds 45.42% of consumption, driven by large rubber and electronics supply chains and expected to grow fastest at a 4.06% CAGR.

Why is zinc oxide preferred in green tires?

It acts as a vulcanization activator that maintains mechanical integrity while newer nano-grades reduce zinc dosage by 40% without performance loss.

How are environmental rules affecting producers?

New effluent caps of 1.5 mg/L zinc push investment in closed-loop water treatment, raising capital costs but accelerating adoption of cleaner technologies.

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