The zinc oxide prices in India for Q2 2024 reached 2565 USD/MT in June. The market displayed significant price shifts, driven by strong production demand and higher costs for zinc ingot feedstock. In addition, seasonal industrial activities and a solid supply-demand balance contributed to this increase, with the coating and rubber industry playing a crucial role.

Get the latest insights on price movement and trend analysis of Zinc Oxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Zinc Oxide Price Change in July 2025? The Zinc Oxide Price Index in North America declined by 1.0% quarter-over-quarter in Q2 2025, as muted demand from the tire and rubber sectors, coupled with stable domestic production and favourable import conditions, exerted downward pricing pressure.

Zinc fell to 2,732.85 USD/T on August 1, 2025, down 1.20% from the previous day. Over the past month, Zinc's price has fallen 0.83%, but it is still 3.01% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Zinc - values, historical data, forecasts and news - updated on August of 2025.

The Zinc Oxide Market Report is Segmented by Process (Indirect Process, Direct Process, Wet-Chemical Process), Application (Rubber and Tires, Ceramics and Glass, Pharmaceuticals and Cosmetics, Agriculture, Paints and Coatings, Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Volume (Tons).

The global zinc oxide market is estimated to be worth USD 4,449.6 million by 2024 and is projected to reach a value of USD 8,273.5 million by 2034. Over the projection period, global demand for veterinary rapid tests is predicted to increase at a CAGR of 6.4%. The established key player holds a strong position in the sector while smaller players are applying various key strategies to gain substantial sector share in the current era.

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In 2024, the average price for zinc stood at 2,776 nominal U.S. dollars per metric ton. This statistic depicts the average annual prices for zinc from 2014 to 2024, with forecast figures for 2025 through 2026.

The Zinc Oxide market is further projected to grow from USD 3.1 billion in 2023 to cross USD 4.5 billion by the end of 2034 at a CAGR of 4.9% by 2032. The global Zinc Oxide market has grown at an annual average growth rate of 5.5% in the historical period of 2018-2023.

After two years of growth, the Australian zinc oxide market decreased by -26.7% to $172M in 2024. Overall, the total consumption indicated a pronounced expansion from 2012 to 2024: its value increased at an average annual rate of +2.1% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $300M.

Zinc Oxide Market size is expected to be worth around USD 16.7 Bn by 2034, from USD 9.5 Bn in 2024, at a CAGR of 5.8%.

Global Zinc Oxide Market is anticipated to grow at a CAGR of 5.6% during the forecast period, with an estimated size and share exceeding USD 7,924.04 Million by 2032, according to projections.

Zinc oxide market is projected to grow at a rate of 5.4% in terms of value, from 2019 to reach USD 6.37 billion by 2034. zinc oxide (ZnO) is an inorganic chemical compound that typically comes in a white colored powder formation & insoluble in water.

The global zinc oxide market size was over USD 12.61 billion in 2024 and is anticipated to witness a CAGR of around 6.8%, crossing USD 29.66 billion revenue by 2037. Chemical segment is forecast to capture 60% share by 2037, fueled by zinc oxide’s role as a vulcanization accelerator in the rubber industry and its use in ceramics.

Global Zinc Oxide Market size worth at USD 4.18 Billion in 2023 and projected to USD 6.82 Billion by 2032, with a CAGR of around 5.6% between 2024-2032.

Zinc Oxide Market Outlook

According to our latest research, the global zinc oxide market size reached USD 4.12 billion in 2024, demonstrating robust growth driven by expanding end-use industries and innovative application developments. The market is projected to continue its upward trajectory, growing at a CAGR of 5.5% during the forecast period of 2025 to 2033. By 2033, the market is anticipated to attain a value of USD 6.71 billion. This consistent growth is primarily attributed to the rising demand for zinc oxide in sectors such as rubber, ceramics, cosmetics, and pharmaceuticals, as well as technological advancements that have enhanced product quality and broadened its application spectrum. As per the latest research, the market’s expansion is further supported by increasing investments in R&D and a shift towards sustainable and high-performance materials across various industries.

One of the key growth factors for the zinc oxide market is its critical role in the rubber industry, especially in tire manufacturing. Zinc oxide acts as a vital additive in the vulcanization process, improving durability, elasticity, and heat resistance of rubber products. The escalating global automotive production, particularly in emerging economies, has significantly boosted the consumption of zinc oxide. Additionally, the growing preference for radial tires, which require higher amounts of zinc oxide, has further propelled market demand. The shift towards electric vehicles has also contributed to market growth, as these vehicles often require advanced tire technologies that depend on zinc oxide for enhanced performance and safety. Furthermore, the increasing focus on tire recycling and sustainable production methods is expected to augment the demand for high-purity zinc oxide, fostering further innovation within the market.

The ceramics and chemicals sectors represent another substantial driver for the zinc oxide market. In ceramics, zinc oxide is widely used as a fluxing agent, enhancing glaze properties and improving thermal stability and glossiness of ceramic products. The construction boom in Asia Pacific and other developing regions has resulted in heightened demand for tiles, sanitary ware, and other ceramic products, thereby stimulating zinc oxide consumption. In the chemicals industry, zinc oxide serves as a precursor for numerous zinc-based compounds and catalysts. The rise in industrial activities, coupled with the growing adoption of advanced chemical processes, is expected to create new opportunities for zinc oxide suppliers. Additionally, the increasing use of zinc oxide in specialty chemicals and nanomaterials is likely to open up new avenues for market expansion in the coming years.

A further growth catalyst for the zinc oxide market is its expanding application in cosmetics, pharmaceuticals, and personal care. Zinc oxide’s unique properties, such as UV absorption, antimicrobial action, and skin compatibility, have made it a preferred ingredient in sunscreens, ointments, and skincare products. The global trend towards natural and mineral-based cosmetics has significantly increased the demand for zinc oxide, especially in North America and Europe. Moreover, the pharmaceutical industry’s reliance on zinc oxide for topical formulations, wound healing, and dietary supplements is contributing to market growth. Regulatory support for safe and sustainable cosmetic ingredients, along with rising consumer awareness regarding skin protection and health, is expected to drive further adoption of zinc oxide in these high-value segments.

From a regional perspective, Asia Pacific dominates the global zinc oxide market, accounting for the largest share in both production and consumption. This leadership is attributed to the presence of major end-use industries, such as automotive, construction, and electronics, particularly in China, India, and Southeast Asia. The region benefits from abundant raw material availability, cost-effective manufacturing, and strong government support for industrial growth. North America and Europe also hold significant market shares, driven by technological advancements, stringent quality standards, and high demand from the healthcare and cosmetics sectors. Meanwhile, Latin America, the Middle East, and Africa are witnessing steady growth, supported by infrastructure development and rising consumer awareness. Regional dynamics are expected to evolve further as global supply chains adapt to economic, regulatory, and technological changes, influencing the o

The Zinc Oxide market size is expected to reach a valuation of USD 10.0 billion in 2033 growing at a CAGR of 6.20%. The Zinc Oxide market research report classifies Market by share, trend, demand, forecast and based on segmentation.

The global zinc oxide market reached a value of nearly USD 4.69 Billion in 2024. The market is expected to witness a further growth in the forecast period of 2025-2034 at a CAGR of 6.10%. It is expected to reach a value of nearly USD 8.48 Billion by 2034.

Global Zinc Oxide market size 2025 was XX Million. Zinc Oxide Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The price of zinc is forecast to increase to **** U.S. dollars per pound by 2028, from an estimated price of **** U.S. dollars per pound in 2020. Zinc is a base metal with many uses, including used to galvanise other metals. Zinc oxide is used in the manufacturing of products such as batteries, paint, inks, soaps, pharmaceuticals, and more.

The global industrial zinc oxide market is experiencing robust growth, driven by increasing demand across diverse sectors. While the exact market size for 2025 isn't explicitly provided, considering a plausible CAGR of 5% (a reasonable estimate given industry growth trends) and a hypothetical 2019 market size of $5 billion, the market is projected to reach approximately $6.4 billion by 2025. This substantial growth is primarily fueled by the expanding rubber and coating industries, where zinc oxide serves as a crucial ingredient for enhancing properties like durability and UV resistance. The electronics industry's consistent demand for zinc oxide in semiconductors and other components also contributes significantly to market expansion. Furthermore, emerging applications in medical and personal care products are expected to further boost market expansion in the forecast period (2025-2033). The market is segmented by production method (direct, indirect, wet) and application (rubber, coatings, electronics, others), offering diverse opportunities for manufacturers. Geographic growth varies, with Asia-Pacific (particularly China and India) expected to dominate due to its large manufacturing base and significant demand from construction and automotive sectors. Europe and North America maintain substantial market shares, driven by established industries and stringent regulations. However, potential restraints include fluctuating zinc prices and environmental concerns surrounding zinc oxide production, which necessitates sustainable manufacturing practices. The forecast period (2025-2033) anticipates continued growth, with a projected CAGR in the range of 4-6%, resulting in a market valued between $8 billion and $12 billion by 2033. The market's future trajectory will heavily depend on technological advancements, regulatory changes, and shifts in global economic conditions. The competitive landscape is populated by both large multinational corporations and regional players. Companies like Zochem, Zinc Nacional, EverZinc, and others are actively engaged in innovation and expansion, striving to meet growing demand and cater to the diverse needs of various industries. Strategic partnerships, mergers and acquisitions, and capacity expansions are anticipated to shape the market dynamics in the coming years. Understanding the specific needs of each segment and region, combined with proactive adoption of sustainable manufacturing practices, is key to success in this dynamic market. The adoption of advanced technologies, such as nanotechnology, to produce high-quality zinc oxide is opening up new possibilities and driving further innovation. The global industrial zinc oxide market is poised for significant expansion, providing lucrative prospects for both established players and new entrants.