Latin America Zinc Oxide Market Size & Outlook, 2021-2030

The zinc oxide market in Latin America is expected to reach a projected revenue of US$ 580.1 million by 2030. A compound annual growth rate of 5.8% is expected of Latin America zinc oxide market from 2022 to 2030.
Revenue, 2021 (US$M)
$348.5
Forecast, 2030 (US$M)
$580.1
CAGR, 2022 - 2030
5.8%
Report Coverage
Latin America

Latin America zinc oxide market highlights

  • The Latin America zinc oxide market generated a revenue of USD 348.5 million in 2021.
  • The market is expected to grow at a CAGR of 5.8% from 2022 to 2030.
  • In terms of segment, indirect was the largest revenue generating process in 2021.
  • Wet Chemical is the most lucrative process segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.


Latin America data book summary

Market revenue in 2021USD 348.5 million
Market revenue in 2030USD 580.1 million
Growth rate5.8% (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
Key market players worldwideLanxess AG, Toho Zinc Co Ltd, Tata Chemicals, AG Chemi Group, EverZinc, Zinc Nacional, Hakusui Tech Co, Rubamin, TP Polymer Pvt Ltd, Upper India, Zinc Oxide (Aust), Zochem


Other key industry trends

  • In terms of revenue, Latin America region accounted for 7.9% of the global zinc oxide market in 2021.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 4,178.3 million by 2030.

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Zinc Oxide Market Companies

Name Profile # Employees HQ Website

Latin America 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 82.5% in 2021. Horizon Databook has segmented the Latin America zinc oxide market based on indirect, direct, wet chemical covering the revenue growth of each sub-segment from 2017 to 2030.


Zinc oxide is primarily used in manufacturing rubber which is further used to produce automobile tires. Zinc oxide is also used in the construction industry in bricks, ceramics, tile glaze, and others.

According to OICA, in 2022, Argentina and Brazil witnessed 24% and 5% growth in the production of automobiles, respectively, compared to 2021. Argentina is the 23rd largest producer of automobiles worldwide.

According to the National Association of Automotive Vehicle Manufacturers, the auto industry in Brazil witnessed a growth of around 9.4% with a production of around 2.46 million vehicles in 2022.

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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America zinc oxide market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America zinc oxide market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America zinc oxide market size, by country, 2017-2030 (US$M)

Latin America Zinc Oxide Market Outlook Share, 2021 & 2030 (US$M)

Latin America zinc oxide market size, by country, 2017-2030 (US$M)

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