According to TechSci Research report, “Zinc Oxide Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Zinc Oxide Market stood at USD5.38 billion in 2023 and is anticipated to grow with a CAGR of 4.68% in the forecast period, 2025-2029. Initiatives taken by government based on zinc oxide has led to favorable market conditions for the Global Zinc Oxide Market. Several factors contribute to the growth of various zinc oxide products.
Regulatory bodies, such as the Food and Drug Administration (FDA) in the United States, play a crucial role in meticulously reviewing and regulating the utilization of zinc oxide. Notably, the FDA has unequivocally designated zinc oxide as one of the few ingredients that meet the criteria for being Generally Recognized as Safe and Effective (GRASE). This esteemed recognition, primarily attributed to its remarkable application in sunscreen products, serves as a testament to the paramount importance and impeccable safety of zinc oxide in the realm of skincare. Its exceptional properties make it an indispensable component in maintaining skin health and safeguarding against harmful UV radiation.
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In recent years, the scope of zinc oxide applications has witnessed a remarkable expansion, largely propelled by the continuous advancements in research and development activities. Researchers from around the globe are fervently exploring new and innovative uses for zinc oxide, particularly in sectors such as electronics, pharmaceuticals, and cosmetics.
One key area that has garnered significant attention in current research is nano zinc oxide. This smaller and more potent form of zinc oxide exhibits extraordinary properties that hold immense potential for various industries. Its unique characteristics, such as increased surface area and enhanced reactivity, make it an ideal candidate for applications ranging from advanced electronics to cutting-edge drug delivery systems and high-performance cosmetics. The promising future of nano zinc oxide is poised to revolutionize these industries, paving the way for groundbreaking advancements in technology and product development.
The Global Zinc Oxide Market is segmented into form, end user, regional distribution, and company.
Based on its form, the powder segment held the largest market share in the forecast period. Powdered zinc oxide is readily available from multiple suppliers and manufacturers worldwide, ensuring consistent availability and accessibility for industries requiring zinc oxide for their operations.
Based on region, Asia Pacific segment is expected to grow during the forecast period.
According to the latest data from the National Bureau of Statistics of China, in the year 2021 alone, an impressive number of approximately 900 million tires were produced in China, highlighting the country’s significant contribution to the global tire manufacturing industry. Furthermore, with the ongoing investments in expanding tire manufacturing facilities across the nation, the demand for zinc oxide is projected to witness a notable surge during the forecast period. This growing demand underscores the pivotal role that China plays in the global market for this crucial material.
Major companies operating in Global Zinc Oxide Market are:
- Akrochem Corporation
- EverZinc Group SA
- Hakusui Tech Co Ltd
- Hindustan Zinc Limited
- Silox SA
- Weifang Longda Zinc Industry Co. Ltd
- Zinc Industrias Nacionales SA
- ZM SILESIA SA
- Zochem LLC
- Rubamin Pvt Ltd
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“Nanoparticle zinc oxide, with its unique properties, represents a significant advancement in UV protection technology and transparency in comparison to traditional zinc oxide particles. Its ultrafine particle size allows for improved dispersion and coverage, resulting in more effective protection against harmful UV rays while maintaining a higher level of transparency on the skin. This enhanced UV protection capability, coupled with improved transparency, has led to a notable shift in the cosmetics and skincare industry towards incorporating nanoparticle zinc oxide in sunscreen formulations and various other cosmetic products. Moreover, the increased awareness of the harmful effects of UV radiation on skin health, including premature aging and skin cancer risks, has driven consumer demand for more effective and reliable sun protection solutions. Nanoparticle zinc oxide offers an advanced alternative to chemical UV filters and conventional zinc oxide particles, providing broad-spectrum protection against UVA and UVB rays while minimizing the potential for skin irritation or allergic reactions commonly associated with chemical sunscreen ingredients.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Zinc Oxide Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Form (Powder, Pellets), By End User (Automotive, Construction, Paints & Coatings, Pharmaceutical, Agriculture, Others), By Region and Competition, 2019-2029”, has evaluated the future growth potential of Global Zinc Oxide Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Zinc Oxide Market.
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