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Zinc Oxide Pigments Market Size (2024 - 2029)

The zinc oxide pigments market is projected to experience growth, driven primarily by the rising demand in the paints and coatings sector. Despite challenges posed by the COVID-19 pandemic, the market's expansion is supported by the Asia-Pacific region, which holds the largest share and is anticipated to be the fastest-growing area due to increased consumption in countries such as China, India, and Japan.

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Market Size of Zinc Oxide Pigments Industry

Zinc Oxide Pigments Market - Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 3.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

Zinc Oxide Pigments Market Analysis

The market for zinc oxide pigments is expected to register a CAGR of over 3% during the forecast period. The primary factor driving the market studied is the increasing demand for paints and coating. On the flip side, unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.

The paints and coatings segment is expected to dominate the zinc oxide pigments market over the forecast period.

The Asia-Pacific region represents the largest market, and it is also expected to be the fastest-growing market over the forecast period due to the increasing consumption from countries like China, India, and Japan.

Zinc Oxide Pigments Industry Segmentation

The Zinc Oxide Pigments market report includes:

End-user Industry
Paints and Coatings
Agriculture
Pharmaceutical
Electronics and Electrical
Rubber
Chemical
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Zinc Oxide Pigments Market Size Summary

The zinc oxide pigments market is poised for steady growth, driven primarily by the rising demand in the paints and coatings sector. This segment is anticipated to maintain its dominance throughout the forecast period. The Asia-Pacific region emerges as the largest and fastest-growing market, fueled by increased consumption in countries like China, India, and Japan. The region's growth is supported by expanding industries such as rubber, electronics, and chemicals. Despite challenges posed by the COVID-19 pandemic, the market's trajectory remains positive, with the rubber industry also contributing significantly due to the pigments' role in enhancing rubber properties and reducing vulcanization time.

In China, the construction sector's expansion, particularly in residential and commercial projects, is boosting the demand for paints and coatings, thereby supporting the zinc oxide pigments market. Initiatives like the development of low-cost housing and smart cities in India further drive market growth. Additionally, Japan and South Korea's advancements in electronics manufacturing, especially in wafer production and smart factory technologies, are expected to increase the application of zinc oxide pigments. The market is partially consolidated, with key players including BASF SE, U.S. Zinc, and others, indicating a competitive landscape with significant industry participation.

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Zinc Oxide Pigments Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from Paints and Coatings

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak

      2. 1.2.2 Stringent Environmental Regulations

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 End-user Industry

      1. 2.1.1 Paints and Coatings

      2. 2.1.2 Agriculture

      3. 2.1.3 Pharmaceutical

      4. 2.1.4 Electronics and Electrical

      5. 2.1.5 Rubber

      6. 2.1.6 Chemical

      7. 2.1.7 Other End-user Industries

    2. 2.2 Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 Italy

        4. 2.2.3.4 France

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle-East and Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 South Africa

        3. 2.2.5.3 Rest of Middle-East and Africa

Zinc Oxide Pigments Market Size FAQs

The Zinc Oxide Pigments Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

BASF SE, U.S. Zinc. , PAN-CONTINENTAL CHEMICAL CO., LTD. , Natural Pigments Inc and Hakusui Tech are the major companies operating in the Zinc Oxide Pigments Market.

Zinc Oxide Pigments Report Snapshots

Zinc Oxide Pigments Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)