1 Global Zinc Oxide Dispersions Market Outlook
The global Zinc Oxide Dispersions market is projected to exhibit substantial growth in the coming years, with a CAGR of 6.3% from 2024 to 2033, reaching a total market size of $88.20 million USD in 2024. Zinc Oxide Dispersions are suspensions of zinc oxide in a solvent. The dispersions have excellent Stability at high concentrations of Zinc oxide and are useful for preparing Sunscreen formulations, cosmetics and so on.
Figure Global Zinc Oxide Dispersions Market Size and Growth Rate (2024-2033)
2 Zinc Oxide Dispersions Market Growth Drivers and Constraints
The demand for Zinc Oxide Dispersions is increasingly driven by the growth in the sunscreen industry, as the global sun care market revenue is projected to rise significantly, thereby stimulating the consumption of Zinc Oxide Dispersions. However, the market faces challenges due to the threat of substitutes, as other types of sunscreens are available, offering consumers more options, which could potentially impact the market share of Zinc Oxide Dispersions. Additionally, the volatility in the raw material market, particularly for nano-zinc oxide, can significantly affect manufacturers due to the high proportion of raw materials in the production costs. The COVID-19 pandemic has also played a role in constraining the industry’s growth by reducing demand in downstream markets; lockdown policies have limited exposure to sunlight and decreased the need for sun protection, negatively impacting sales of sunscreen products and consequently affecting the Zinc Oxide Dispersions industry.
3 Zinc Oxide Dispersions Market M&A Activities
Notably, Quantenna was acquired by ON Semiconductor for $1 billion, enhancing ON’s connectivity portfolio with Quantenna’s Wi-Fi chips and software solutions. This move is strategic for ON Semiconductor, which already offers energy-efficient semiconductor solutions across various sectors, including automotive, communications, industrial, medical, aerospace, and defense. The integration of Quantenna’s technology is expected to bolster ON’s capabilities, particularly in wireless connectivity. Another key development was Microchip Technology’s completion of the acquisition of Microsemi Corporation for $10.3 billion, which is set to expand Microchip’s product portfolio and strengthen its presence in the data centers and aerospace & defense markets. This acquisition is driven by the growing demand for Microsemi’s products and the company’s strong focus on innovation and research & development. Lastly, Infineon Technologies AG announced the closure of the acquisition of Cypress Semiconductor Corporation, a move that further solidifies Infineon’s focus on structural growth drivers and broadens its application range, accelerating the company’s path to profitable growth. The acquisition adds to Infineon’s portfolio microcontrollers, connectivity components, software ecosystems, and high-performance memories, which are highly complementary to its existing offerings in power semiconductors, automotive microcontrollers, sensors, and security solutions. This strategic expansion positions Infineon as one of the top 10 semiconductor manufacturers globally and enhances its R&D capabilities and global customer reach, especially in the U.S. and Japan.
4 Global Zinc Oxide Dispersions Market Analysis by Type
In 2024, the global forecasted revenue of Zinc Oxide Dispersions is anticipated to reach USD 88.20 million, showing a significant growth from the previous years. This figure includes both Nano and Non-Nano types, with the Nano type dominating the market. The Nano type is projected to account for a revenue of $81.22 million, accounting for a revenue market share of 92.08%, while the Non-Nano type captures the remaining 7.92%, is forecasted to generate a revenue of $7.25 million. This revenue projection indicates a strong market presence for Nano Zinc Oxide Dispersions, highlighting their importance in the industry’s growth and the continuous demand for advanced materials in various applications.
Table Global Zinc Oxide Dispersions Market Size and Share by Type in 2024
Type | Market Size in 2024 (M USD) | Market Share in 2024 (%) |
|---|---|---|
Nano | 81.22 | 92.08% |
Non-Nano | 7.25 | 8.22% |
5 Global Zinc Oxide Dispersions Market Analysis by Application
In 2024, the global forecasted revenue of Zinc Oxide Dispersions by application is expected to reach USD 88.20 million, with the Sunscreen segment leading the market. The Sunscreen application is projected to generate USD 78.79 million, accounting for approximately 89.33% of the total revenue, while the “Others” category is anticipated to contribute USD 9.41 million, representing about 10.67% of the market share. This distribution underscores the dominant role of Zinc Oxide Dispersions in sunscreen formulations, driven by the increasing consumer demand for effective sun protection products.
Table Global Zinc Oxide Dispersions Market Size and Share by Application in 2024
Application | Market Size in 2024 (M USD) | Market Share in 2024 (%) |
|---|---|---|
Sunscreen | 78.79 | 89.33% |
Others | 9.41 | 10.67% |
6 Global Zinc Oxide Dispersions Market Analysis by Region
In 2024, the global Zinc Oxide Dispersions market revenue by region demonstrated a significant distribution. North America was estimated to generate a revenue of $33.17 million, holding a market share of 37.60%. Europe followed with a revenue of $27.20 million, capturing a 30.84% market share. The Japan contributed $14.89 million in revenue, securing a 16.88% market share. These figures underscore the varying contributions of each region to the overall Zinc Oxide Dispersions market revenue in 2024.
Figure Global Zinc Oxide Dispersions Market Share by Region in 2024
7 Top 3 Companies of Global Zinc Oxide Dispersions Market
7.1 BASF
Company Introduction and Business Overview:
BASF SE is a chemical company. The Company operates in six segments, including chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. BASF offers products for the chemical, automotive, construction, agriculture, oil, plastics, electrical, electronics, furniture, and paper industries, and provides a range of system solutions and services.
Products Offered:
BASF offers a range of Zinc Oxide Dispersions under the brand name Z-COTE®, which serves as inorganic broad-spectrum UV filters. These dispersions are particularly beneficial for consumers with sensitive skin, including babies and children, as they provide effective sun protection while ensuring excellent photo stability and the ability to combat free radicals. The non-greasy and preservative-free formulations are designed to synergize with organic UV filters, making them suitable for various cosmetic applications in both oil and water phases.
Sales Revenue in 2024:
In 2024, BASF’s revenue from Zinc Oxide Dispersions reached USD 15.73 million, reflecting a continued upward trend in the company’s performance within this market segment. This revenue indicates BASF’s strong position as a leading supplier of Zinc Oxide Dispersions, driven by the increasing demand for effective UV protection in cosmetic products. The growth in revenue highlights the company’s successful strategy in catering to the needs of consumers seeking high-quality and stable sun protection solutions.
7.2 Sakai Chemical
Company Introduction and Business Overview:
Sakai Chemical primarily produces inorganic chemicals. The Company’s main products include titanium oxide, polyvinyl chloride stabilizers, pharmaceuticals, and electronic industry materials.
Products Offered:
Sakai Chemical produces the DIF Series of ultrafine zinc oxide dispersions, specifically designed for various cosmetic applications. One of their key products, DIF-AB-33W, features a composition of 60% dispersoid (powder) in a water-based medium, with a particle size of approximately 35 nanometers. This product is characterized by its high transparency and excellent feel, making it suitable for formulations that require effective UV protection while maintaining a pleasant sensory experience for users.
Sales Revenue in 2024:
For the year 2024, HSakai Chemical reported a revenue of USD 10.95 million from its Zinc Oxide Dispersions, demonstrating a solid performance in the market. This revenue reflects the company’s effective positioning and growth in the industry, driven by the increasing demand for high-quality zinc oxide products in cosmetic applications. The consistent revenue growth underscores Sakai Chemical’s commitment to innovation and quality in providing effective UV protection solutions.
7.3 Advance ZincTek
Company Introduction and Business Overview:
Advance Zinctek is Australia’s, Australiasia’s, largest supplier of cosmetic and pharmaceutical grade zinc oxide powder used in sunscreens and personal care products.
Products Offered:
Advance ZincTek offers the ZinClear Dispersion XP65 COCO, a high-efficacy zinc oxide dispersion that combines transparency with effective sun protection. This product features a high solids content, utilizing coco-caprylate/caprate as the carrier oil, which is ideal for various cosmetic applications due to its light, soft skin feel. The dispersion’s formulation allows for flexibility, enabling formulators to blend it with other emollients to tailor the skin feel according to specific requirements. Additionally, all components of the ZinClear dispersion are natural or naturally-derived, making it COSMOS-approved and aligning with the growing trend for clean formulations in the cosmetic industry.
Sales Revenue in 2024:
Advance ZincTek achieved a revenue of USD 5.15 million from its Zinc Oxide Dispersions in 2024, marking a significant milestone in the company’s financial performance within this product segment. This revenue figure reflects the company’s success in meeting the market demands for high-quality zinc oxide dispersions, particularly in the cosmetic and personal care sectors. The revenue achievement in 2024 underscores Advance ZincTek’s position as a key player in the supply of zinc oxide dispersions for sunscreens and other applications.