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Last Updated: February 16, 2025

Drug Price Trends for GNP ZINC OXIDE


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Drug Price Trends for GNP ZINC OXIDE

Average Pharmacy Cost for GNP ZINC OXIDE

These are average pharmacy acquisition costs (net of discounts) from a US national survey
Drug Name NDC Price/Unit ($) Unit Date
GNP ZINC OXIDE 20% OINTMENT 46122-0676-46 0.03061 GM 2025-01-22
GNP ZINC OXIDE 20% OINTMENT 46122-0676-46 0.03086 GM 2024-12-18
GNP ZINC OXIDE 20% OINTMENT 46122-0676-46 0.03047 GM 2024-11-20
GNP ZINC OXIDE 20% OINTMENT 46122-0676-46 0.03158 GM 2024-10-23
GNP ZINC OXIDE 20% OINTMENT 46122-0676-46 0.03158 GM 2024-09-18
>Drug Name >NDC >Price/Unit ($) >Unit >Date

Global Zinc Oxide Market Analysis and Price Projections

Introduction to Zinc Oxide

Zinc oxide (ZnO) is a versatile inorganic compound consisting of zinc and oxygen atoms. It is widely used in various industries, including rubber manufacturing, paints and coatings, ceramics, healthcare, electronics, cosmetics, and pharmaceuticals. Here’s a comprehensive analysis of the global zinc oxide market, including its current state, growth projections, and price trends.

Market Size and Growth Projections

The global zinc oxide market has been experiencing significant growth and is expected to continue this trend in the coming years. As of 2023, the market size was valued at approximately USD 5.53 billion[3][4].

  • Forecasted Growth: The market is projected to grow at a Compound Annual Growth Rate (CAGR) of around 5.6% to 6.4% from 2024 to 2032/2034. By 2032, the market is expected to reach a valuation of USD 8.51 billion, while by 2034, it is forecasted to hit USD 8.273.5 million[1][3][4].

Regional Market Analysis

Asia Pacific

The Asia Pacific region dominates the zinc oxide market, holding a market share of 55.72% in 2023. This dominance is driven by several factors, including rising disposable income, which increases demand for cosmetic and skincare products containing zinc oxide. Rapid industrialization in countries like China also supports the demand in various industrial applications such as rubber manufacturing, ceramics, and paints[4].

North America

In North America, the demand for zinc oxide is fueled by industrial applications, particularly in rubber manufacturing and paints, due to its UV resistance and anti-corrosive properties. Environmental sustainability initiatives and a shift towards eco-friendly products also drive demand, as zinc oxide is considered a safer alternative in various applications[4].

Europe

Europe's market growth is propelled by regulatory scenarios, consumer behavior, and demographic factors. The region's strong inclination towards natural and organic trends aligns with zinc oxide's natural origin, making it a preferred choice for customers seeking eco-friendly options. Compliance with pharmaceutical standards also contributes to its utilization in pharmaceutical products for wound care and skin treatments[4].

Industrial Applications

Rubber Industry

Zinc oxide is widely used as a vulcanization agent in the production of rubber products such as tires, hoses, belts, and seals. The growing demand for these products is a significant driver of the zinc oxide market[1].

Pharmaceuticals and Cosmetics

In the pharmaceutical and cosmetic industries, zinc oxide is used in the production of ointments, creams, lotions, sunscreens, and powders. Its versatility and compliance with regulatory standards make it a key ingredient in these sectors[1][4].

Ceramics and Paints

Zinc oxide is also crucial in the ceramics and paints industries due to its properties such as UV resistance and anti-corrosive capabilities. These applications further contribute to the market's growth[4].

Price Trends and Projections

The prices of zinc oxide can vary significantly based on location and purity.

  • Current Prices: As of recent data, the price of zinc oxide in the United States was around USD 2,580 per metric ton, while in China it was approximately USD 2,180 per metric ton, and in Northeast Asia, it was about USD 1,210 per metric ton[2].

  • Historical Trends: Prices have shown fluctuations over the years, influenced by factors such as raw material costs, geopolitical tensions, and economic conditions. For instance, in December 2019, the price in the United States saw a slight rise, while in China and Northeast Asia, prices declined modestly[2].

  • Future Outlook: The prices are expected to stabilize and potentially increase as the market rebounds from economic downturns and supply chain issues. Effective procurement and inventory management strategies by market players will be crucial in managing price volatility[5].

Challenges and Opportunities

Challenges

The zinc oxide market faces several challenges, including:

  • Shifting Consumer Preferences: Changes in consumer behavior, such as a shift towards eco-friendly products, can impact demand.
  • Raw Material Costs: Fluctuations in raw material costs due to geopolitical tensions can affect pricing.
  • Regulatory Frameworks: The need for industrial policy amendments to align with growing environmental concerns is a significant challenge[5].

Opportunities

Despite the challenges, there are several opportunities for growth:

  • Technological Advancements: Investments in new technologies can enhance product portfolios and sustain growth.
  • Government Policies: Incentives promoting the energy transition and support for bio-chemicals and materials can bolster manufacturing sector growth.
  • Regional Strategies: Emphasizing regional-specific strategies can help navigate varying economic and social challenges across countries[5].

Market Strategy

To navigate the complexities of the zinc oxide market, companies are focusing on several key strategies:

  • Acquiring New Technologies: Investing in new technologies to enhance product portfolios.
  • Efficient Procurement: Securing raw materials through efficient procurement and inventory management.
  • Operational Efficiency: Prioritizing cost consciousness and operational efficiency to sustain growth amidst challenging conditions[5].

Key Takeaways

  • The global zinc oxide market is projected to grow significantly, driven by demand in the rubber, pharmaceutical, cosmetic, and ceramics industries.
  • The Asia Pacific region dominates the market, followed by North America and Europe.
  • Price trends are influenced by raw material costs, geopolitical tensions, and economic conditions.
  • Effective market strategies include technological advancements, efficient procurement, and operational efficiency.

FAQs

Q: What is the projected market size of the global zinc oxide market by 2032? A: The global zinc oxide market is projected to reach a valuation of USD 8.51 billion by 2032[4].

Q: Which region dominates the zinc oxide market? A: The Asia Pacific region dominates the zinc oxide market, holding a market share of 55.72% in 2023[4].

Q: What are the primary industrial applications of zinc oxide? A: The primary industrial applications include the rubber industry, pharmaceuticals, cosmetics, ceramics, and paints[1][4].

Q: How do geopolitical tensions affect zinc oxide prices? A: Geopolitical tensions can cause fluctuations in raw material costs, which in turn affect the prices of zinc oxide[2][5].

Q: What strategies are companies adopting to sustain growth in the zinc oxide market? A: Companies are focusing on acquiring new technologies, securing raw materials through efficient procurement, and prioritizing operational efficiency[5].

Sources

  1. GlobeNewswire: "Zinc Oxide Market is estimated to get as big as USD 8,273.5 million by 2034: Increasing Demand in Skincare Products Drives Market Growth - Future Market Insights Inc."
  2. Intratec: "Zinc Oxide Prices | Current and Forecast"
  3. Maximize Market Research: "Zinc Oxide Market: Global Industry Analysis and Forecast (2024-2030)"
  4. Fortune Business Insights: "Zinc Oxide Market Size, Share | Industry Growth Report [2032]"
  5. Research and Markets: "2024 Zinc Oxide Market Outlook Report: Industry Size, Market Share and Growth Outlook"

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