Zinc Carbonate Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Sales Channel (Direct, Indirect), By End Use (Rubber, Pharmaceuticals, Personal Care & Cosmetics, Paints & Coatings, Agriculture, Others), By Region and Competition, 2020-2030F

Market Overview

Global Zinc Carbonate Market was valued at USD 160.85 Million in 2024 and is expected to reach USD 183.59 Million by 2030 with a CAGR of 4.75%. The global zinc carbonate market is experiencing steady growth, driven by its increasing utilization across a broad spectrum of industries, including pharmaceuticals, cosmetics, agriculture, and chemical manufacturing. Zinc carbonate, a white, odorless, and insoluble compound, is valued for its versatile properties such as low toxicity, chemical stability, and efficacy as a source of zinc. These characteristics make it a key raw material in the production of zinc-based formulations and intermediates.

In the pharmaceutical and personal care industries, zinc carbonate is widely used in ointments, lotions, and dental care products due to its anti-inflammatory and antimicrobial properties. Its application in skincare formulations, particularly sunscreens and anti-dandruff shampoos, continues to grow amid rising consumer awareness around personal hygiene and wellness. However, the market faces challenges such as fluctuating raw material prices and regulatory constraints concerning chemical safety and environmental impact.

Key Market Drivers

Growing Demand of Zinc Carbonate in Rubber Industry

In 2023, global rubber production reached 28.8 million metric tons, marking an increase of 11.1 million metric tons since 2000. During the same year, global rubber consumption declined to 28.8 million metric tons, down from 29.9 million metric tons in 2022. The increasing demand for zinc carbonate in the rubber industry is emerging as a significant driver of the global zinc carbonate market. Zinc carbonate is widely used as an activator in the vulcanization process, where it enhances the elasticity, strength, and durability of rubber compounds. As global production of automotive tires, industrial rubber goods, and consumer rubber products continues to rise, so does the consumption of zinc carbonate as a critical raw material.

Depending on the specific application, production volume, or structural requirements, various synthesis methods are employed for zinc carbonate. Zinc nanopowder, in particular, finds widespread use in industries such as rubber manufacturing, respiratory products, and cosmetics. The particle size of the powder plays a critical role in determining the material’s overall performance and functional efficiency. In particular, the expanding automotive sector is fueling demand for high-performance rubber components such as hoses, belts, seals, and gaskets. These applications require consistent material quality and thermal resistance properties that zinc carbonate helps to achieve. Additionally, the shift toward lightweight and eco-friendly rubber formulations has led manufacturers to opt for zinc carbonate over more hazardous alternatives like zinc oxide.

Growing Demand of Zinc Carbonate in Pharmaceutical Industry

The growing demand for zinc carbonate in the pharmaceutical industry has emerged as a key driver of the global zinc carbonate market. In 2024, Piramal Critical Care (PCC) introduced a new 10mg/10mL (1 mg/mL) concentration of Zinc Sulfate for Injection USP in the U.S. market, expanding its existing zinc sulfate injection line and strengthening its overall generic injectables portfolio. This intravenous nutritional supplement is now offered in three concentrations: 30mg/10mL (3 mg/mL), 25mg/5mL (5 mg/mL), and the newly launched 10mg/10mL. This development underscores the growing demand for zinc-based formulations in clinical nutrition. Zinc carbonate, a common zinc salt used in dietary supplements and pharmaceutical preparations, serves as a key raw material in the production of various zinc compounds, including zinc sulfate. This trend is primarily fueled by the compound’s vital role as a source of zinc, an essential trace element required for numerous physiological functions including immune response, enzyme activity, and cellular repair. As pharmaceutical companies continue to focus on preventive healthcare and nutritional supplementation, zinc carbonate has become a preferred ingredient in the formulation of dietary supplements, over-the-counter medications, and topical treatments.

The increasing prevalence of zinc deficiency, particularly in developing regions, has further amplified the demand for zinc-enriched pharmaceutical products. Organizations such as the World Health Organization have highlighted zinc deficiency as a significant global health issue, prompting public health initiatives and a surge in the production of zinc-based formulations. Zinc carbonate’s favorable properties such as its stability, bioavailability, and compatibility with various drug formulations make it a suitable compound for addressing these health concerns.

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Key Market Challenges

Volatility in Price of Raw Materials

A significant challenge confronting the global zinc carbonate market is the volatility in the prices of its raw materials, primarily zinc ore and related minerals. Fluctuations in raw material costs are driven by several factors, including geopolitical tensions, supply-demand imbalances, mining disruptions, and changes in trade policies. These unpredictable price movements create uncertainty for manufacturers and suppliers, complicating cost management and pricing strategies.

Such volatility directly impacts profit margins and can lead to increased production costs, which may be passed on to end-users, potentially dampening demand. Moreover, companies operating in this market face difficulties in long-term planning and investment decisions due to the unpredictable nature of raw material expenses. The dependence on mining activities, which are subject to environmental regulations and operational challenges, further exacerbates supply instability.

Key Market Trends

Rising Demand for Specialty Grades

A notable trend in the global zinc carbonate market is the increasing demand for specialty grades tailored to specific industrial applications. In 2021, American Zinc Products (AZP), a subsidiary of American Zinc Recycling LLC, successfully conducted two industrial-scale trials for producing Continuous Galvanizing Grade (CGG) zinc. CGG zinc, a zinc-aluminum alloy, enhances the continuous galvanizing process by reducing zinc losses and improving the surface finish of galvanized steel products. The high purity and exceptionally low lead content of AZP’s zinc make it ideal for manufacturing premium-quality CGG zinc. Additionally, the zinc produced by AZP serves as a critical raw material for downstream zinc compounds, including zinc carbonate, which is widely used in industries such as pharmaceuticals, rubber, and cosmetics. This integration of zinc production and its conversion into value-added compounds like zinc carbonate underscores AZP’s role in supporting diverse industrial applications.

Specialty grades of zinc carbonate, characterized by enhanced purity, controlled particle size, and tailored physicochemical properties, are gaining traction across sectors such as rubber, plastics, pharmaceuticals, and cosmetics. This shift is driven by manufacturers’ growing need for materials that deliver superior performance, consistency, and compatibility with advanced formulations. For example, in the rubber industry, specialty grades enable improved vulcanization efficiency and product durability, while in pharmaceuticals and cosmetics, higher purity zinc carbonate is essential to meet stringent regulatory standards and ensure safety.

Segmental Insights

Sales Channel Insights

Based on Sales Channel, Direct have emerged as the fastest growing segment in the Global Zinc Carbonate Market in 2024. This is due to several strategic advantages that align with the evolving demands of buyers and manufacturers. Primarily, direct procurement enables end-users such as pharmaceutical companies, chemical manufacturers, and industrial consumers to establish closer relationships with producers, which ensures greater control over product quality, customization, and supply reliability. This direct interaction reduces dependence on intermediaries, resulting in cost efficiencies and streamlined purchasing processes.

End Use Insights

Based on End Use, Agriculture have emerged as the fastest growing segment in the Global Zinc Carbonate Market during the forecast period. This is due to the increasing recognition of zinc’s essential role in crop nutrition and soil health. Zinc carbonate is widely used as a micronutrient fertilizer to address zinc deficiencies in soils, which can severely limit crop yield and quality. Rising global food demand, coupled with the need to enhance agricultural productivity sustainably, has driven farmers and agribusinesses to adopt zinc-enriched fertilizers more extensively.

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Regional Insights

Based on Region, North America have emerged as the dominating region in the Global Zinc Carbonate Market in 2024. The region benefits from a well-established industrial base, including a strong presence in pharmaceuticals, agriculture, rubber manufacturing, and personal care sectors, which are key consumers of zinc carbonate. Additionally, North America boasts advanced technological infrastructure and stringent regulatory frameworks that drive the demand for high-purity and specialty-grade zinc carbonate products. Significant investments in research and development, particularly in sustainable and innovative production processes, further strengthen the region’s leadership.

Recent Development

• In May 2025, Strickland Metals launched its 2025 work program at the fully owned Rogozna Gold and Base Metals Project in Serbia, marking the largest exploration campaign in the project’s history. The site now holds an estimated 7.4 million ounces gold equivalent, with promising potential for base metals like zinc. Given the increasing demand for zinc carbonate across industries such as pharmaceuticals and agriculture, the exploration could reveal significant zinc mineralization. Since March, eight diamond core holes have been completed, with assay results from the first two at Shanac expected next week. Six drill rigs are currently active, four of which focus on northern Gradina to support the maiden Mineral Resource Estimate planned for late 2025. This progress positions Strickland Metals to capitalize on growing zinc carbonate market opportunities.
• In January 2025, Brazil’s federal development bank BNDES, in collaboration with the state financing agency Finep, launched a joint fund of USD 820 million (5 billion reais) aimed at strengthening the critical minerals supply chain. This fund is particularly relevant to zinc carbonate, a critical mineral widely used in industries such as agriculture, pharmaceuticals, and battery manufacturing, all of which are integral to the energy transition and decarbonization initiatives. The initiative will provide financial support through credit lines, equity investments, and funding for expanding production capacity, as well as research, development, and innovation (R\&D\&I) projects. This support will cover industrial-scale plants, pilot and demonstration facilities, and essential feasibility studies, depending on the stage of project development and technology, thereby facilitating the growth and sustainability of the zinc carbonate sector within Brazil’s critical minerals framework.
• In 2025, SMM introduced the Vietnam Zamak3 Zinc Alloy Processing Fees, which are determined and published based on a standardized methodology. These fees serve as a benchmark for trading parties in the settlement of Vietnam Zamak3 zinc alloy transactions. The published rates reflect the prevailing monthly market prices for processing this alloy, offering transparency and consistency in pricing. This development is closely related to the zinc carbonate market, as zinc carbonate is a key raw material used in the production of Zamak3 zinc alloys. Fluctuations in zinc carbonate supply and cost can directly impact the processing fees and overall pricing of Zamak3 alloys, underscoring the interconnected dynamics between these markets.
• In 2025, Titan Mining Corporation announced the Phase III metallurgy results for the Kilbourne graphite project, conducted at SGS Lakefield. Alongside this, the company outlined plans for a processing facility to handle Kilbourne’s natural graphite mineralized material, to be co-located with its existing zinc operations at Empire State Mines (ESM). This integrated approach not only aims to fast-track the development of the Kilbourne project but also presents opportunities to optimize the production of zinc carbonate, a key zinc derivative, by leveraging synergies between graphite and zinc processing. Through this initiative, ESM is positioned to become the first end-to-end producer of natural flake graphite in the United States while enhancing its zinc carbonate production capabilities.

Key Market Players

• Shandong Yurun Chemical Co., Ltd.
• Shanghai Hy-Sailing Chemical Tech Co., Ltd
• Shaanxi Green Agri Co. Ltd.
• Haryana Polymers Limited
• Neelkanth Finechem LLP
• Rubamin
• TAIZHOU ZHENYU BIOTECHNOLOGY CO., LTD
• Anhui Fitech Material Co., Ltd.
• Norkem
• L Bruggemann

Report Scope

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

• Zinc Carbonate Market, By Sales Channel:

o   Direct

o   Indirect

• Zinc Carbonate Market, By End Use:

o   Rubber

o   Pharmaceuticals

o   Personal Care & Cosmetics

o   Paints & Coatings

o   Agriculture

o   Others

• Zinc Carbonate Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

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

Available Customizations:

Global Zinc Carbonate 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).

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