Zinc Oxide Pigments Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Zinc Oxide Pigments Market is Segmented by End-user Industry (Ceramic and Glass, Paints and Coatings, Agricultural, Pharmaceutical, Electronics and Electrical, Rubber, Chemical, Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa).

Market Snapshot

Zinc Oxide Pigments Market - Summary
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >3 %

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Market Overview

The market for zinc oxide pigments is expected to register a CAGR of over 3% during the forecast period. The primary factor driving the market studied is the increasing demand for paints and coating. On the flip side, unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.

The paints and coatings segment is expected to dominate the zinc oxide pigments market over the forecast period.

The Asia-Pacific region represents the largest market, and it is also expected to be the fastest-growing market over the forecast period due to the increasing consumption from countries like China, India, and Japan.

Scope of the Report

The Zinc Oxide Pigments market report includes:

End-user Industry
Paints and Coatings
Electronics and Electrical
Other End-user Industries
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Demand from Rubber

  • The rubber industry is expected to be one of the largest markets for zinc oxide pigments.
  • Zinc oxide pigments are widely used in the rubber industry due to its excellent properties, acting as activators for sulfur vulcanization to reduce the vulcanization time.
  • Additionally, zinc oxide pigments also enhance the physical properties of rubber.
  • The global tire production in 2019 was estimated to reach 255 million units, a 5% increase from 2018 (where it posted a growth of 6% from 2017). It is anticipated to witness a CAGR of 2-3% over the forecast period
  • Therefore, the demand for zinc oxide pigments from the rubber industry is expected to grow during the forecast period.
Zinc Oxide Pigments Market Revenue Share

Asia-Pacific to Dominate the Market

  • Asia-Pacific region is expected to account for the largest market for zinc oxide pigments during the forecast period. The growing industries, such as rubber, paints and coatings, electronics, and chemicals, in countries, including China and India, are expected to boost the demand for the market studied in the region.
  • According to the China Rubber Industry Association (CRIA), China's truck and bus tire production in 2019 decreased by more than 10% compared to 2018. This adverse situation is expected to reduce the growth of the overall rubber demand, which is further expected to affect the market studied in the country.
  • China hosts a vast construction sector, and the developments in the infrastructure and residential sectors in the past two years have supported its growth at large. These growing construction activities are propelling the demand for paints and coatings, which further is expected to boost the demand for the market studied.
  • China has been majorly driven by ample developments in the residential and commercial construction sectors, which are supported by the growing economy. In China, the housing authorities of Hong Kong launched several measures to push-start the construction of low-cost housing. The officials aim to provide 301,000 public housing units for the ten years till 2030.
  • In India, the government has initiated projects, such as 100 smart cities and 'Housing for All by 2022', which are expected to drive the residential construction market through the forecast period immensely. Furthermore, the country which launched more than 1,800 housing projects in the country (of which more than 50% was of high-rise buildings) is expected to launch even a more significant number of projects by the end of 2020.
  • Furthermore, countries such as Japan and South Korea are also contributing to the growth of the market studied. Japan and South Korea are significant hubs of wafer manufacturing across the world. The Ministry of Economy, Trade, and Industry (METI) identified advanced manufacturing as one of the fastest-growing electronics manufacturing sectors, the market for which is likely to reach a value of about USD 270 billion by 2020.
  • This includes smart factory and IoT-related technologies. With an increase in the production of such industrial products, the application of the market studied in electronics is likely to increase in the coming years. This is expected to drive further the demand for zinc oxide pigments market over the forecast period.
Zinc Oxide Pigments Market Regional Trends

Competitive Landscape

The zinc oxide pigments market is partially consolidated. The major companies of the market studied include BASF SE, U.S. Zinc, PAN-CONTINENTAL CHEMICAL CO. LTD, Natural Pigments Inc., and Hakusui Tech, among others.

Major Players

  1. BASF SE

  2. U.S. Zinc.


  4. Natural Pigments Inc

  5. Hakusui Tech

Market Concentration - Zinc Oxide Pigments Market.png

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from Paints and Coatings

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak

      2. 4.2.2 Stringent Environmental Regulations

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition


    1. 5.1 End-user Industry

      1. 5.1.1 Paints and Coatings

      2. 5.1.2 Agriculture

      3. 5.1.3 Pharmaceutical

      4. 5.1.4 Electronics and Electrical

      5. 5.1.5 Rubber

      6. 5.1.6 Chemical

      7. 5.1.7 Other End-user Industries

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.2.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.2.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.2.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF SE

      2. 6.4.2 EverZinc

      3. 6.4.3 Hakusui Tech

      4. 6.4.4 Hemadri Chemicals

      5. 6.4.5 MLA Chemicals Private Limited

      6. 6.4.6 Natural Pigments Inc.

      7. 6.4.7 Norzinco


      9. 6.4.9 U.S. Zinc

    5. *List Not Exhaustive

**Subject to Availability
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Frequently Asked Questions

The Zinc Oxide Pigments Market market is studied from 2016 - 2026.

The Zinc Oxide Pigments Market is growing at a CAGR of >3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

BASF SE, U.S. Zinc. , PAN-CONTINENTAL CHEMICAL CO., LTD. , Natural Pigments Inc , Hakusui Tech are the major companies operating in Zinc Oxide Pigments Market.

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