Relentless Growth In Zinc Oxide’s Value Chain
- By Gaurav Nandi
- June 17, 2026
India’s zinc oxide industry is undergoing a structural shift from volume-driven manufacturing to value-led specialisation and Punia Group’s trajectory reflects both the opportunity and the pressure within this transition. As demand from tyres, EVs and global markets intensifies, the company is expanding its capabilities while navigating volatility in raw materials, regulatory tightening and supply chain disruptions. Its evolution underscores a broader industry reality that growth is no longer defined by scale alone but by consistency, sustainability and the ability to stay competitive in an increasingly complex global ecosystem.
For over four decades, Punia Group of Industries has steadily transformed itself from a modest, commodity-focused manufacturer into a forward-looking player in zinc oxide. The company’s journey reflects not just its own resilience but also the broader evolution of India’s manufacturing ecosystem.
In its early years, the business operated in a market driven largely by volumes and cost competitiveness. However, with a clear understanding that long-term sustainability required differentiation, the organisation began investing in process improvements, quality consistency and customer-centric innovation.
Over time, strategic inflection points such as technology upgrades and introducing efficient systems enabled the company to move up the value chain and strengthen its market position.
Underpinning this evolution has been a strong foundation of ethics, transparency and disciplined governance, which has guided every phase of growth.

“The zinc oxide and rubber chemicals industry itself is undergoing a significant transformation. What was once a commoditised, price-driven sector is now being reshaped by increasing demands for performance and sustainability,” noted Chief Executive Officer Siddharth Punia.
He added, customers, particularly in the tyre and automotive sectors, are seeking materials with consistent quality and lower environmental impact. While commodity segments continue to exist, the competitive advantage today lies in innovation, compliance and the ability to meet evolving global standards.
Against this backdrop, Punia Group is charting its next phase of growth with a clear and structured vision for the next three to five years.
THE NEXT PHASE
The company is focusing on expanding production capacity in a calibrated manner, ensuring that every addition is backed by robust demand visibility and operational readiness. A key area of alignment is with the growing demand from electric vehicles, advanced tyre technologies and industrial applications that require precision-engineered materials.
The organisation’s approach remains firmly rooted in systematic growth prioritising sustainability, efficiency and long-term value creation over short-term scale. This is evident by the company obtaining IATF 16949 and REACH certifications.
“The global business environment has become increasingly complex in recent years. Supply chain disruptions triggered by the Covid-19 pandemic followed by ongoing geo-political tensions such as those in the Middle East have had a direct impact on raw material sourcing and pricing,” contended Punia.
He added that zinc, being a globally traded commodity, has experienced considerable volatility, affecting cost structures across the industry. In response, companies are rethinking their supply chain strategies by diversifying sourcing, building strategic inventories and reducing overdependence on specific geographies.

Punia Group has taken pro-active steps in this direction by strengthening supplier relationships and exploring regional procurement options, ensuring continuity while adhering to its principles of fair and responsible sourcing.
TICKING THE CONS
Operating in this environment also brings a unique set of challenges. “Raw material price fluctuations, stringent environmental regulations and demand uncertainty linked to global economic cycles remain key concerns,” said Punia.
The company’s response has been grounded in discipline and foresight, investing in energy-efficient and environmentally compliant technologies, driving process innovation to reduce waste and maintaining agile production systems.
“Importantly, these efforts are guided by a strong ethical framework that emphasises compliance, environmental stewardship and accountability to all stakeholders including customers, employees and the communities we operate in,” he noted.
GRABBING THE OPPORTUNITIES
At a macro level, India’s emergence as a strategic manufacturing and consumption hub offers significant opportunities for the zinc oxide and rubber chemicals industry. The country benefits from competitive cost structures, a rapidly expanding domestic market driven by automotive and infrastructure growth and supportive government initiatives aimed at boosting manufacturing and exports.
Additionally, global supply chain re-alignments are creating opportunities for India to position itself as a reliable alternative to traditional manufacturing bases, further strengthening its role in the global value chain, informed Punia.

Reflecting on its 40-year journey, Punia underscores the importance of adaptability, cost discipline and principled decision-making. He stated, “Building a manufacturing-led business in a cyclical industry requires not just operational excellence but also consistency in values and vision.”
The company’s emphasis on systematic, step-by-step growth has enabled it to navigate multiple economic cycles while maintaining financial and operational stability. Past disruptions, whether economic downturns or supply shocks, have reinforced the importance of resilience, diversification and long-term planning.
CATERING TO DEMANDS
The company recently commissioned its new Tirupati plant that will be a modern, environmentally focused facility using the widely adopted French process to manufacture zinc oxide.
This involves vaporising zinc metal, reacting it with oxygen to form zinc oxide, then cooling, filtering, testing and packaging the final product. The plant will produce multiple grades tailored to customer requirements.
“Raw materials will largely come from zinc dross sourced locally and globally from the galvanising industry. The process is designed as a closed-loop, zero-waste system, where by-products are re-used,” he said.
“Over the past decades, technology has continually evolved and we have consistently stayed ahead of the curve, adopting innovations well before they became industry standard. We introduced efficient collection systems that are not only environmentally responsible but also enhance product quality while prioritising worker safety,” informed Punia.
He contended that the plants’ re-designed furnaces enable cleaner, more efficient combustion, reducing emissions and delivering meaningful energy savings. Automation has been integrated wherever feasible to improve consistency and operational efficiency, while the health and safety of the workforce remain central to every decision that the company makes.
“Beyond operations, we are equally committed to giving back to the community. We actively support nearby villages through healthcare initiatives, encourage and sponsor sports activities and contribute to local infrastructure development, reinforcing our role as a responsible and engaged stakeholder,” he said.
Sustainability efforts like reducing fuel consumption through heat recovery and furnace optimisation has already achieved 15–20 percent savings. The company is also enroute to install heat recuperators and planning a transition to solar energy to meet most electricity needs.The facility also set internal benchmarks for efficiency and sustainability, particularly through improved energy utilisation and process optimisation.
During the Covid period in 2020, the company expanded this plant significantly, reinforcing its role as a high-output, strategically important unit. In addition to serving domestic demand, the Gujarat location offers strong logistical advantages for exports, especially through proximity to western ports like Mundra, enabling access to global markets.
“Even as the Tirupati plant strengthens southern reach, the Gujarat facility continues to anchor the company’s western and export-oriented operations, making the two plants complementary in terms of geography and market coverage,” said Punia.
FUTURE OUTLOOK
Looking ahead, the alignment between industry and government policy will play a crucial role in sustaining growth momentum. While India has made notable progress in supporting the speciality chemicals sector, further reforms in areas such as regulatory simplification, faster environmental clearances and infrastructure development can significantly enhance ease of doing business and global competitiveness.
As the industry continues its transition from commoditisation to specialisation, companies that combine innovation with integrity will define the future. With its strong ethical foundation, commitment to systematic growth and forward-looking strategy, Punia Group of Industries is well-positioned to capture emerging opportunities while contributing meaningfully to India’s evolving industrial landscape.
Punia Group’s growth narrative is compelling, but sustaining momentum will depend on execution amid volatility and rising expectations. As the industry shifts towards specialisation, the real test lies in balancing cost pressures with innovation and sustainability, ensuring that expansion translates not just into scale but into durable competitive advantage.
Pirelli-Led Partnership Launches European Tyre-To-Tyre Recycling Initiative
- By TT News
- July 23, 2026
Pirelli, Pyrum, Synthos and BASF have launched a European tyre-to-tyre recycling initiative aimed at increasing the use of recycled materials from end-of-life and scrap tyres in the manufacture of new tyres. The project, coordinated by Pirelli, is designed to establish an industrial ecosystem that supports a circular economy while reducing reliance on virgin raw materials.
The initiative uses end-of-life tyres collected across Germany from selected Driver retail outlets and motorsport activities, together with scrap tyres from Pirelli's Breuberg manufacturing plant. These materials are processed into secondary raw materials, including synthetic rubber, certified under the ISCC PLUS scheme to ensure traceability throughout the value chain before being reintroduced into the production of new Pirelli tyres.
Under the process, Pyrum converts end-of-life and scrap tyres through pyrolysis into recovered carbon black (rCB) and tyre pyrolysis oil (TPO). The recovered carbon black is upgraded and used in Pirelli's European tyre production, replacing part of the virgin carbon black requirement.
The tyre pyrolysis oil is supplied to BASF, where it is co-fed with fossil-based feedstock in the production of chemicals including butadiene and styrene. Using a mass balance approach, the recycled content is allocated to ISCC PLUS-certified Ccycled® products. Synthos then uses these materials to manufacture ISCC PLUS-certified synthetic rubber for high-performance tyre applications, which is supplied back to Pirelli, completing the material loop.
The companies said the project demonstrates that large-scale product circularity requires collaboration across the value chain rather than action by a single company. The partnership combines material science, certified processes and industrial capabilities to recover, process and reuse materials within a structured system.
According to the companies, the project represents the most comprehensive application of a tyre-to-tyre circular model in Europe to date, showing how end-of-life tyres can be transformed into raw materials for new tyre production through a traceable industrial process.
ANRPC Secretary-General Joins High-Level Thailand-Malaysia Dialogue To Bolster Rubber Sector Resilience
- By TT News
- July 18, 2026
The Association of Natural Rubber Producing Countries (ANRPC) confirmed the participation of its Secretary-General, Dr Suttipong Angthong, in a high-level dialogue held on 9 July 2026. The engagement took place during the official visit of Thailand's Prime Minister, His Excellency Anutin Charnvirakul, to Malaysia. Dr Angthong joined a prominent assembly that included the Prime Minister, Thailand's Deputy Prime Minister and various cabinet delegates from both nations.
The meeting also brought together representatives from international intergovernmental bodies and leading corporate figures from Thai and Malaysian industries. Given that both Thailand and Malaysia are founding members of the ANRPC and serve as cornerstones of the global natural rubber market, the session was deemed a crucial venue for harmonising regional strategies. It offered the ANRPC a platform to elevate sector-specific priorities within top-tier governmental discussions.

Through the facilitation of productive exchanges between policymakers and private-sector leaders, the ANRPC continues to foster cross-border collaboration, reinforce the stability of supply chains and advance sustainable growth initiatives. The organisation has reiterated its steadfast dedication to supporting its member states with professionalism and collaborative effort, aiming to secure the long-term vitality and resilience of the natural rubber industry across the region.

NaugaShield BIO-TR 30: A New Bio-Based Cut & Chip Resin For The Most Demanding Applications
- By TT Bureau
- July 16, 2026
NaugaShield BIO-TR 30 is SI Group’s latest advancement in bio-based performance resins designed to significantly improve cut and chip
resistance in high-severity rubber applications. With approximately 75 percent bio-based content, this innovative material delivers on sustainability targets while exceeding the performance typically associated with petroleum-derived resins, making it a strong choice for applications such as OTR tyres in mining, construction and agriculture, mining conveyor belts, rubber tracks and mill linings.
Cut and chip resistance is a complex set of material behaviours, including static mechanical strength, dynamic response under deformation and ability to withstand sharp impacts and abrasive environments. In demanding applications such as mining or agriculture, materials
must tolerate repeated high-strain loading and resist the initiation and propagation of tears. NaugaShield™ BIOTR 30 was developed precisely to meet these conditions, demonstrating notably low dynamic heat buildup and excellent tear strength – characteristics closely tied to enhanced cut and chip resistance and long-term durability under cyclical loads.
To evaluate its performance, NaugaShield BIO-TR 30 was benchmarked in an Off-road Rib Tread formulation against two widely used industry references: a gum rosin/ semi-aromatic C5/C9 resin combination and a styrenated DCPD resin. All materials were tested at an equal loading of 10 phr to provide a direct and unbiased comparison. Under these conditions, the bio-based resin consistently outperformed both alternatives, offering a stronger balance of reinforcing behaviour, improved tear propagation resistance and superior resistance to thermal degradation during dynamic flexing. Further improvements were achievable by reducing the amount of free extender oil in the compound, underscoring the resin’s adaptability in formulation design and its ability to unlock even greater performance when optimised.
These laboratory indicators were corroborated through extended Coesfeld Cut & Chip testing (see chart), in which compounds were subjected to up to 3,000 cycles at 200 rpm under a 200N applied force. Formulations containing NaugaShield BIO-TR 30 exhibited substantially lower mass loss and maintained tread surface integrity more effectively than the hydrocarbon and gum rosin-based-benchmarks. The performance advantage was even more pronounced in compounds adjusted for lower free oil content, confirming that the resin can be tailored to meet the durability requirements of the most challenging operating conditions.
The strong performance of NaugaShield BIO-TR 30 in OTR tread compounds can be readily transferred to other rubber goods that encounter similar wear mechanisms. Applications such as mining belts, agricultural and construction tracks or mill linings benefit from the resin’s ability to reinforce the rubber matrix, reduce crack growth under repeated impact and maintain structural cohesion under high-strain deformation. This versatility allows manufacturers to integrate a 75 percent bio-based resin that supports sustainability by reducing fossil-based content and helping end products last longer while maintaining – and often improving – operational performance across multiple product lines.
NaugaShield BIO-TR 30 is currently available in commercial quantities, enabling compounders and manufacturers to move directly from laboratory evaluation to pilot- and production-scale trials.
ANRPC Hosts PEFC Delegation To Advance Sustainable Natural Rubber Practices
- By TT News
- July 16, 2026
The Association of Natural Rubber Producing Countries (ANRPC) hosted a high-level delegation from PEFC International at its headquarters on 9 July 2026. The visiting team, led by Remco van Merm, engaged in strategic talks with ANRPC Secretary-General Dr Suttipong Angthong and his senior staff, marking a significant moment for inter-organisational collaboration.
The discussions provided a critical forum for exchanging perspectives on ongoing global initiatives and the shifting sustainability dynamics affecting the natural rubber sector. With mounting market pressures regarding environmental stewardship and social accountability, the conversation centred on harnessing joint efforts to fast-track the implementation of responsible practices throughout the entire production and distribution network.
Both organisations underscored the necessity of strengthened coordination among all industry participants to secure a robust and enduring future for natural rubber. The dialogue culminated in a shared pledge to deepen cooperation, with the goal of cultivating a more transparent and ecologically sound value chain. This mutual commitment is expected to deliver tangible benefits across the board, reinforcing the industry's capacity to meet emerging global standards.

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