Global Zinc Oxide Market Size & Outlook, 2021-2030

The zinc oxide industry worldwide is expected to reach a projected revenue of US$ 8,104.4 million by 2030. A compound annual growth rate of 6.9% is expected of the worldwide zinc oxide industry from 2022 to 2030.
Revenue, 2021 (US$M)
$4,434.5
Forecast, 2030 (US$M)
$8,104.4
CAGR, 2022 - 2030
6.9%
Report Coverage
Worldwide

Global zinc oxide market highlights

  • The global zinc oxide market generated a revenue of USD 4,434.5 million in 2021 and is expected to reach USD 8,104.4 million by 2030.
  • The market is expected to grow at a CAGR (2022 - 2030) of 6.9% by 2030.
  • In terms of segment, indirect accounted for a revenue of USD 3,663.6 million in 2021.
  • Wet Chemical is the most lucrative process segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2021.
  • Country-wise, Russia is expected to register the highest CAGR from 2022 to 2030.

Global data book summary

Market revenue in 2021USD 4,434.5 million
Market revenue in 2030USD 8,104.4 million
Growth rate6.9% (CAGR from 2021 to 2030)
Largest segmentIndirect
Fastest growing segmentWet Chemical
Historical data covered2017 - 2020
Base year for estimation2021
Forecast period covered2022 - 2030
Quantitative unitsRevenue in USD million
Market segmentationIndirect, Direct, Wet Chemical

Other key industry trends

  • In terms of revenue, the North America accounted for 16.2% of the global zinc oxide market in 2021.
  • By country, the China is projected to lead the global market in terms of revenue in 2030.
  • By country, Russia is the fastest growing regional market and is projected to reach USD 62.9 million by 2030.

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Zinc Oxide Market Companies

Name Profile # Employees HQ Website

Global zinc oxide market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to zinc oxide market will help companies and investors design strategic landscapes.


Indirect was the largest segment with a revenue share of 82.62% in 2021. Horizon Databook has segmented the Global zinc oxide market based on indirect, direct, wet chemical covering the revenue growth of each sub-segment from 2017 to 2030.


  • Global Zinc Oxide Process Outlook (Revenue, USD Million, 2017-2030)
    • Indirect
    • Direct
    • Wet Chemical
    • Others
  • Global Zinc Oxide Application Outlook (Revenue, USD Million, 2017-2030)
    • Rubber
    • Ceramics
    • Chemicals
    • Cosmetics and Personal Care
    • Paints & Coatings
    • Pharmaceuticals
    • Agriculture
    • Others

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Target buyers of Global zinc oxide market databook

  • Our clientele includes a mix of zinc oxide market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global zinc oxide market , including forecasts for subscribers. This global databook contains high-level insights into Global zinc oxide market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Global zinc oxide market size, by regions, 2017-2030 (US$M)

Top 10 countries: Zinc oxide market size, 2021 (US$M)

Global zinc oxide market share, by process, 2021 & 2030 (%, US$M)

Zinc oxide market: Opportunity assessment by country

Global zinc oxide market, by region, 2021 (US$M)

Global zinc oxide market size, by regions, 2017-2030 (US$M)

Process 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 CAGR
North America 590.8 632.7 677.3 690.0 719.6 761.6 811.2 867.6 935.7 1,007.6 1,083.9 1,165.0 1,251.4 1,343.8 7.2%
Europe 753.8 800.5 849.9 858.0 887.4 924.7 972.3 1,031.9 1,105.7 1,183.7 1,265.7 1,352.1 1,443.6 1,540.4 6.3%
Asia Pacific 1,788.5 1,918.3 1,954.0 1,986.7 2,200.7 2,332.4 2,485.0 2,675.1 2,877.5 3,104.8 3,347.0 3,605.3 3,881.9 4,178.3 7.4%
Latin America 298.3 315.2 333.1 335.6 348.5 363.8 382.2 404.3 431.1 458.8 487.5 517.1 548.0 580.1 5.8%
MEA 239.1 251.1 263.8 267.3 278.3 291.4 306.9 325.4 347.9 370.8 393.7 416.7 439.3 461.8 5.8%
Overall 3,670.5 3,917.8 4,078.1 4,137.6 4,434.5 4,673.9 4,957.6 5,304.3 5,697.9 6,125.7 6,577.8 7,056.2 7,564.2 8,104.4 6.9%

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