Zinc chemicals, categorized as inorganic chemical compounds, find diverse applications due to their vital role in various aspects. Zinc, being an essential mineral, plays a crucial role in supporting cellular functions, reproductive health, and immune system strength. It also helps prevent common skin issues. Among the commonly utilized inorganic zinc compounds are zinc chloride, zinc oxide, and zinc sulfate. These compounds are widely employed due to their beneficial properties and wide-ranging applications across different industries.
According to Data Bridge Market Research the Zinc Chemicals Market accounted for USD 9.29 billion in 2022, and expected to reach USD 13.80 billion by 2030. The market is expected to grow with a CAGR of 5.08 % in the forecast period of 2023 to 2030.
“Surging use of zinc in healthcare”
Zinc sulfate is extensively used for various purposes, such as oral rehydration to manage diarrhea and as a treatment for zinc deficiency. It is particularly recommended as a primary treatment for presymptomatic patients and expectant mothers. With its diverse applications, zinc sulfate plays a crucial role in maintaining health and addressing specific conditions where zinc supplementation is required. Its use aids in replenishing zinc levels in the body and supporting overall well-being. Therefore, the surging use of zinc is driving the market’s growth.
What restraints the growth of the zinc chemicals market?
“High prices and scarcity may restrain market expansion”
The scarcity of zincate ores, essential for the production of zinc chemicals like zinc oxide, zinc sulfate, and zinc chloride, has led to an increase in the prices of ores used in their manufacturing. This rise in zinc prices directly affects the balance of supply and demand in the zinc chemicals market. Moreover, the limited availability of raw materials contributes to higher production costs, which subsequently impact market prices for these goods.
Segmentation: Global Zinc Chemicals Market
The zinc chemicals s market is segmented on the basis of type and application.
- On the basis of type, the zinc chemicals market is segmented into zinc oxide, zinc sulphate, zinc carbonate, zinc chloride, other.
- On the basis of application, the zinc chemicals market is segmented into rubber compounding, agriculture, glass and ceramics, paints and coatings, chemicals, food and pharmaceuticals, textiles, others.
Regional Insights: Asia Pacific dominates the Zinc Chemicals Market
Asia Pacific dominates the market due to the dominant position of the region can be attributed to two significant factors: the growing population and increasing personal disposable income. These factors play a major role in driving the region's prominence. With a rising population, there is a larger consumer base for various industries. Additionally, the increasing personal disposable income enables individuals to have higher purchasing power, leading to increased consumption and economic growth within the region.
Europe is expected to be the fastest developing region during the forecast period of 2023-2030 owing to zinc chemicals due to the cosmetic and personal care industry is witnessing a substantial demand for zinc chemicals, primarily driven by the growing need for sun protection products. This surge in demand is a result of increased awareness and concerns regarding the harmful effects of UV radiation on the skin. Zinc chemicals have gained popularity due to their effectiveness in providing sun protection and their broad-spectrum UV-blocking properties.
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The Prominent Key Players Operating in the Zinc Chemicals Market Include:
- Weifang Longda Zinc Industry Co., Ltd. (China)
- HAKUSUI TECH. (Japan)
- RUBAMIN (India)
- Zochem, Inc. (U.S.)
- Akrochem Corporation. (U.S.)
- L. Brüggemann GmbH & Co. KG (Germany)
- EverZinc. (Belgium)
- Pan-Continental Chemical Co., Ltd. (Taiwan)
- TIB Chemicals AG (Germany)
- Rech Chemical Co.Ltd (China)
- Purity Zinc Metals (U.S.)
- Old Bridge Chemicals, Inc. (U.S.)
- Boliden Group (Sweden)
- Nyrstar Clarksville (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of zinc chemicals market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Zinc Chemicals Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
