Zinc Oxide Market is Owing to Rising Application Across Various Industries
Zinc Oxide Market Zinc oxide is an inorganic compound with the formula ZnO. It is a white powder that is insoluble in water. Zinc oxide finds applications across multiple industries such as rubber, cosmetics, chemicals, paints & coatings, pharmaceuticals, etc. owing to its UV blocking abilities, antioxidant properties, ceramic opacity and ability to prevent corrosion. It is used in numerous products including sunscreen lotions, ointments, powders, creams, sticks and gels. Zinc oxide acts as a physical blocker that reflects, scatters as well as absorbs UV rays of both UVA and UVB types. It provides broad spectrum protection against skin damage from the sun. The Global zinc oxide market is estimated to be valued at US$ 6.34 Mn in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the zinc oxide market are MorphoSys US Inc., Bristol Myers Squibb, Karyopharm Therapeutics, F. Hoffmann-La Roche A...