The global zinc chemicals market has garnered USD 1,050.5 million in revenue in 2023, and it is projected to rise at the rate of 5.2% from 2024 to 2030, to capture USD 1,485.6 million by 2030.
This is mainly credited to the growing utilization of these chemicals in the healthcare, agriculture, construction, and automotive sectors and the rising research and development linked to the improvements in Zn nanoparticles.
The zinc oxide category grips a key revenue share in the industry. This is credited to the rising utilization of skincare items, as it has antibacterial and anti-aging properties and zinc oxide nanoparticles are utilized for killing choosy cancerous cells. It also has numerous antiseptic properties that aid in curing injuries and evading contagions that are caused by microorganisms, and it also works as a physical barrier. Along with these, it aids in avoiding allergies and rashes.
For example, as per the government sites, approximately 33% of the present populace and over 40% of the populace by 2030 will live in metropolises in India, which also surges the requirement for approximately 25 million housing units. This will fuel the development of the construction sector, which, ultimately, will boost the industry.
On the basis of end-users, the rubber processing category is dominating the industry. This is mainly because of the fact that zinc chemicals are extremely utilized in the rubber sector, because of their beneficial physical, chemical, and optical properties for rubber processing and also work as an activator in the sector.
The need for these chemicals is growing for the making of personal care items as they have an extensive variety of benefits in cosmetics and can be utilized as a bulking and colorant.
These have been used in sunscreens for shielding against UV radiation and also utilized in over-the-counter medications for diaper rashes to shield the skin. Furthermore, they are permitted by the U.S. Food and Drug Administration and numerous establishments in Canada, Australia, Japan, and the European Union.
