Zinc Chemicals Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 11.29 Billion
CAGR (2026-2031)	4.51%
Fastest Growing Segment	Zinc Carbonate
Largest Market	Asia Pacific
Market Size (2031)	USD 14.71 Billion

Market Overview

The Global Zinc Chemicals Market will grow from USD 11.29 Billion in 2025 to USD 14.71 Billion by 2031 at a 4.51% CAGR. Zinc chemicals, encompassing compounds such as zinc oxide, zinc sulfate, and zinc chloride, function as essential additives in rubber processing, agriculture, and pharmaceutical formulations. The market growth is primarily supported by the automotive industry necessitating zinc oxide for tire manufacturing and the increasing agricultural requirement for zinc fertilizers to improve crop productivity. According to the International Lead and Zinc Study Group, in 2025, global demand for refined zinc metal is forecast to rise by 1.1% to 13.71 million tonnes.

A significant challenge impeding market expansion is the volatility of raw material prices and supply chain stability. Fluctuations in zinc concentrate availability often result in refined metal deficits which increase production costs for chemical manufacturers and compress profit margins. This instability forces industry stakeholders to navigate unpredictable feedstock costs while attempting to maintain competitive pricing in the global marketplace.

Key Market Drivers

The expansion of the automotive tire and rubber vulcanization sector acts as a primary catalyst for market consumption, specifically driving the uptake of zinc oxide as a critical activator. Zinc chemicals are indispensable for reducing vulcanization time and enhancing the physical durability of the final product, a necessity for manufacturers scaling operations to accommodate the heavier load-bearing requirements of modern electric vehicle tires. This industrial reliance ensures a consistent baseline of consumption for chemical additives regardless of broader economic fluctuations. According to the U.S. Tire Manufacturers Association, August 2024, in the '2024 U.S. Tire Shipments Forecast', total U.S. tire shipments were projected to reach 337.4 million units in 2024, reflecting resilient industrial demand that directly correlates with increased raw material procurement.

Concurrently, the rising demand for zinc-based agricultural micronutrients is reshaping consumption patterns to address widespread soil deficiencies. Zinc sulfate plays a pivotal role in plant physiology, facilitating enzymatic activity and protein synthesis vital for maximizing crop yields in intensive farming systems. According to the International Fertilizer Association, May 2024, in the 'Public Summary Medium-Term Fertilizer Outlook 2024-2028', global fertilizer consumption was forecast to rebound by 4% in the 2023-2024 fertilizer year, signaling a robust recovery in agricultural input markets. To sustain this expanding application scope, producers are ramping up output capabilities. According to Hindustan Zinc Limited, in 2024, the company achieved a record mined metal production of 1,079 kt for the fiscal year, underscoring the intense industrial effort required to meet these growing requirements.

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Key Market Challenges

The volatility of raw material prices and supply chain stability serves as a substantial barrier to the expansion of the Global Zinc Chemicals Market. Unpredictable shifts in feedstock availability disrupt production schedules and inflate operational costs for chemical manufacturers. As the supply of zinc concentrate tightens, the resulting scarcity drives up prices for refined zinc, which is the primary input for key derivatives like zinc oxide and zinc sulfate. Manufacturers struggle to maintain stable pricing structures for end-users in the automotive and agricultural sectors, leading to reduced procurement volumes and compressed profit margins that stifle investment in capacity growth.

This constraint on market development is evidenced by recent supply deficits that highlight the fragility of the upstream value chain. According to the International Lead and Zinc Study Group, in 2024, the global refined zinc metal market recorded a deficit of 62,000 tonnes. This shortfall was exacerbated by a concurrent decline in mine production, limiting the essential feedstock required for chemical processing. Such persistent deficits directly restrict the volume of raw materials available for manufacturers, thereby impeding the overall growth trajectory of the zinc chemicals industry.

Key Market Trends

The commercialization of Zinc-Air and Zinc-Ion battery technologies is positioning zinc as a critical material for renewable energy storage, distinct from its traditional galvanic uses. Unlike lithium-ion counterparts, these zinc-based chemistries offer superior fire safety and abundant raw material availability, making them ideal for stationary grid stabilization and industrial microgrids. This shift drives chemical producers to develop high-purity battery-grade zinc powders and electrolytes to meet the stringent specifications of energy storage manufacturers. According to Eos Energy Enterprises, November 2024, in the 'Third Quarter 2024 Financial Results', the company reported a confirmed orders backlog of $588.9 million for its zinc-based energy storage systems, reflecting the accelerating industrial adoption of this alternative battery chemistry.

Simultaneously, the transition to green synthesis and low-carbon zinc manufacturing is redefining production standards as producers aim to decarbonize the upstream value chain. This trend involves replacing fossil-fuel-intensive smelting processes with renewable energy-powered electrolysis and utilizing recycled feedstock to minimize environmental impact. Chemical manufacturers are responding to downstream pressure from automotive and construction clients who require certified low-carbon inputs to achieve their own Scope 3 emission reduction targets. According to Hindustan Zinc Limited, September 2024, in the 'Climate Action Report 2024-25', the company launched EcoZen, a branded low-carbon product verified to have a carbon footprint of less than one tonne of carbon dioxide equivalent per tonne of zinc, setting a new benchmark for sustainable material sourcing.

Segmental Insights

Zinc Carbonate represents the fastest-growing segment in the global zinc chemicals market due to its expanding application in the personal care and pharmaceutical sectors. Manufacturers increasingly utilize this compound to produce transparency-enhancing ingredients for sunscreens and various skin care formulations. Additionally, the agricultural industry relies on zinc carbonate as a micronutrient additive to correct soil deficiencies and improve crop quality. Compliance with safety standards set by organizations such as the United States Food and Drug Administration reinforces its suitability for consumer products, thereby sustaining high demand across these essential industries.

Regional Insights

Asia Pacific maintains a dominant position in the global zinc chemicals market, driven by substantial demand from the agricultural and automotive sectors. The region utilizes significant quantities of zinc sulfate to combat soil micronutrient deficiencies, supporting extensive farming activities in key economies such as China and India. Furthermore, the expanding rubber and tire manufacturing industries require consistent supplies of zinc oxide, which serves as a vital activator in production processes. Continued investment in infrastructure and industrial projects also sustains the consumption of zinc-based compounds, ensuring the region remains the primary hub for market activity.

Recent Developments

In December 2025, a leading non-ferrous metal smelting company entered into a strategic partnership with the United States government to construct a new critical minerals smelter in Tennessee. The project, valued at $7.4 billion, involves the establishment of a joint venture to boost domestic production of essential materials, including zinc and sulfuric acid. This initiative aims to reduce reliance on foreign supply chains for strategic minerals utilized in the defense and technology sectors. The facility is designed to process a range of metals and chemicals, significantly reinforcing the company's manufacturing footprint in the global market.
In September 2024, a developer of advanced battery materials inaugurated a new manufacturing technology center in Oakland, California, to scale up production capabilities. This facility was established to manufacture the company's proprietary zinc microsponge anode, a critical material innovation designed to enhance the performance of zinc-based batteries. The expansion allows the firm to meet increasing customer demand for fire-safe energy storage solutions in both mobility and stationary applications. This development highlights the growing commercial viability of specialized zinc materials in the evolving energy storage sector.
In August 2024, a major Indian zinc producer announced a research collaboration with the Jawaharlal Nehru Centre for Advanced Scientific Research to advance zinc battery technologies. This partnership focuses on developing new variants of zinc materials and electrolytes intended for use in next-generation energy storage systems. The initiative aims to modify electrode interfaces to enhance the efficiency, durability, and life cycle of zinc-ion batteries. This research effort underscores the company's commitment to expanding the application of zinc chemicals and materials within the clean energy transition.
In May 2024, a specialty chemicals manufacturer formed a strategic partnership with a long-duration energy storage developer to optimize battery performance through chemical innovation. The collaboration involves the application of the company's advanced electrolyte additives to the partner's zinc-air battery technology. By leveraging specific chemical expertise, the alliance aims to improve the safety, reliability, and efficiency of zinc-based storage systems for large-scale grid integration. This joint effort represents a significant step in commercializing specialized zinc chemical solutions for the renewable energy market.

Key Market Players

Umicore NV/SA
Grillo‑Werke AG
Zinc Nacional
EverZinc Group SA
Hakusui Tech Co., Ltd.
Zinc Oxide LLC
Rubamin Private Limited
Global Chemical Co., Ltd.
Weifang Longda Zinc Industry Co., Ltd.
BASF SE

By Type	By Application	By Region
Zinc Oxide Zinc Sulfate Zinc Carbonate Zinc Chloride and Others	Rubber Compounding Agriculture Glass & Ceramics Paint & Coatings Food & Pharmaceuticals Textiles Chemicals and Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Zinc Chemicals Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Zinc Chemicals Market, By Type:

Zinc Oxide
Zinc Sulfate
Zinc Carbonate
Zinc Chloride and Others

Zinc Chemicals Market, By Application:

Rubber Compounding
Agriculture
Glass & Ceramics
Paint & Coatings
Food & Pharmaceuticals
Textiles
Chemicals and Others

Zinc Chemicals Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Zinc Chemicals Market.

Available Customizations:

Global Zinc Chemicals Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Zinc Chemicals Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Zinc Chemicals Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type (Zinc Oxide, Zinc Sulfate, Zinc Carbonate, Zinc Chloride and Others)

5.2.2. By Application (Rubber Compounding, Agriculture, Glass & Ceramics, Paint & Coatings, Food & Pharmaceuticals, Textiles, Chemicals and Others)

5.2.3. By Region

5.2.4. By Company (2025)

5.3. Market Map

6. North America Zinc Chemicals Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type

6.2.2. By Application

6.2.3. By Country

6.3. North America: Country Analysis

6.3.1. United States Zinc Chemicals Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Type

6.3.1.2.2. By Application

6.3.2. Canada Zinc Chemicals Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Type

6.3.2.2.2. By Application

6.3.3. Mexico Zinc Chemicals Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Type

6.3.3.2.2. By Application

7. Europe Zinc Chemicals Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Application

7.2.3. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Zinc Chemicals Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Application

7.3.2. France Zinc Chemicals Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Application

7.3.3. United Kingdom Zinc Chemicals Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Application

7.3.4. Italy Zinc Chemicals Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Type

7.3.4.2.2. By Application

7.3.5. Spain Zinc Chemicals Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Type

7.3.5.2.2. By Application

8. Asia Pacific Zinc Chemicals Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Application

8.2.3. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Zinc Chemicals Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Application

8.3.2. India Zinc Chemicals Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Application

8.3.3. Japan Zinc Chemicals Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Application

8.3.4. South Korea Zinc Chemicals Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Application

8.3.5. Australia Zinc Chemicals Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Application

9. Middle East & Africa Zinc Chemicals Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Application

9.2.3. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Zinc Chemicals Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Application

9.3.2. UAE Zinc Chemicals Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Application

9.3.3. South Africa Zinc Chemicals Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Application

10. South America Zinc Chemicals Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Zinc Chemicals Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Application

10.3.2. Colombia Zinc Chemicals Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Application

10.3.3. Argentina Zinc Chemicals Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Application

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Zinc Chemicals Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Umicore NV/SA

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Grillo‑Werke AG

15.3. Zinc Nacional

15.4. EverZinc Group SA

15.5. Hakusui Tech Co., Ltd.

15.6. Zinc Oxide LLC

15.7. Rubamin Private Limited

15.8. Global Chemical Co., Ltd.

15.9. Weifang Longda Zinc Industry Co., Ltd.

15.10. BASF SE

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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