| Product Code: ETC191821 | Publication Date: May 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 |
Despite a significant decline in the Compound Annual Growth Rate (CAGR) from 2020 to 2024, the import shipments of zinc oxide to Nigeria remained concentrated among top exporters China, India, Thailand, Spain, and Israel in 2024. The Herfindahl-Hirschman Index (HHI) indicates a high level of market concentration, with minimal diversification. The sharp decrease in growth rate from 2023 to 2024 highlights potential challenges in the market. Nigeria`s reliance on a few key suppliers may necessitate strategic diversification efforts to mitigate risks and enhance market stability in the zinc oxide import sector.

The zinc oxide market in Nigeria is driven by its extensive use in various industries, including rubber, ceramics, pharmaceuticals, and cosmetics. Zinc oxide`s properties, such as UV protection and antibacterial effects, make it valuable in these sectors. Local production is supplemented by imports to meet the demand. Efforts to develop domestic manufacturing capabilities are ongoing, supported by favorable government policies. The growth in automotive and construction industries, which consume zinc oxide for tire manufacturing and paint, respectively, also fuels market expansion.
In Nigeria, the zinc oxide market is witnessing steady growth due to its diverse applications across various industries. The rubber industry is a significant consumer of zinc oxide, where it is used as a vulcanizing agent in the production of tires and other rubber products. Moreover, the cosmetic and pharmaceutical sectors utilize zinc oxide in sunscreen lotions, ointments, and creams due to its UV-blocking and skin-soothing properties. With the increasing awareness regarding personal care and health, the demand for zinc oxide in Nigeria is expected to rise further.
The Nigeria zinc oxide market encounters challenges related to quality control and consistency in production. Ensuring the purity and desired characteristics of zinc oxide can be difficult, particularly due to variations in raw materials and manufacturing processes.
The zinc oxide market in Nigeria has witnessed significant growth driven by its wide-ranging applications in industries such as rubber, ceramics, pharmaceuticals, and cosmetics. Government policies aim to support domestic production of zinc oxide by providing subsidies for manufacturers, promoting technology transfer agreements, and encouraging investment in research and development to improve product quality and competitiveness in the global market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Zinc Oxide Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Zinc Oxide Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Zinc Oxide Market - Industry Life Cycle |
3.4 Nigeria Zinc Oxide Market - Porter's Five Forces |
3.5 Nigeria Zinc Oxide Market Revenues & Volume Share, By Process, 2021 & 2031F |
3.6 Nigeria Zinc Oxide Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Zinc Oxide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for zinc oxide in the rubber and tire industry |
4.2.2 Growing use of zinc oxide in the cosmetic and personal care sector |
4.2.3 Rise in infrastructure development projects in Nigeria driving demand for zinc oxide |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Environmental regulations and concerns regarding zinc oxide manufacturing processes |
5 Nigeria Zinc Oxide Market Trends |
6 Nigeria Zinc Oxide Market, By Types |
6.1 Nigeria Zinc Oxide Market, By Process |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Zinc Oxide Market Revenues & Volume, By Process, 2021-2031F |
6.1.3 Nigeria Zinc Oxide Market Revenues & Volume, By Indirect Process (French Process), 2021-2031F |
6.1.4 Nigeria Zinc Oxide Market Revenues & Volume, By Direct Process (American Process), 2021-2031F |
6.1.5 Nigeria Zinc Oxide Market Revenues & Volume, By Wet Process, 2021-2031F |
6.2 Nigeria Zinc Oxide Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Zinc Oxide Market Revenues & Volume, By Rubber & Tyres, 2021-2031F |
6.2.3 Nigeria Zinc Oxide Market Revenues & Volume, By Ceramics & Glass, 2021-2031F |
6.2.4 Nigeria Zinc Oxide Market Revenues & Volume, By Pharmaceutical & Cosmetics, 2021-2031F |
6.2.5 Nigeria Zinc Oxide Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.6 Nigeria Zinc Oxide Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.2.7 Nigeria Zinc Oxide Market Revenues & Volume, By Others, 2021-2031F |
7 Nigeria Zinc Oxide Market Import-Export Trade Statistics |
7.1 Nigeria Zinc Oxide Market Export to Major Countries |
7.2 Nigeria Zinc Oxide Market Imports from Major Countries |
8 Nigeria Zinc Oxide Market Key Performance Indicators |
8.1 Percentage increase in zinc oxide usage in rubber and tire manufacturing |
8.2 Number of new product launches containing zinc oxide in the cosmetic industry |
8.3 Growth in the number of infrastructure projects utilizing zinc oxide-based products |
9 Nigeria Zinc Oxide Market - Opportunity Assessment |
9.1 Nigeria Zinc Oxide Market Opportunity Assessment, By Process, 2021 & 2031F |
9.2 Nigeria Zinc Oxide Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Zinc Oxide Market - Competitive Landscape |
10.1 Nigeria Zinc Oxide Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Zinc Oxide Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |