Zinc Chemicals Market Size, Share, Opportunities, And Trends By Type (Zinc Oxide, Zinc Sulphate, Zinc Carbonate, Zinc Chloride, Others), By Application (Rubber Compounding, Agriculture, Glass & Ceramics, Paints & Coatings, Chemicals, Food & Pharmaceuticals, Textiles, Others), And By Geography - Forecasts From 2024 To 2029
- Published : Feb 2024
- Report Code : KSI061615805
- Pages : 144
The zinc chemicals market is evaluated at US$8.103 billion for the year 2022 and is projected to grow at a CAGR of 5.07% to reach a market size of US$11.458 billion by the year 2029.
Zinc chemicals are a broad class of chemical compounds with zinc as a main ingredient that are used in many different industries for a variety of purposes. These substances are essential to industries including manufacturing, agriculture, cosmetics, and medicines. For example, zinc oxide is frequently employed as a pigment and as a UV blocker in the manufacturing of rubber, medicines, and cosmetics.
Applications for zinc sulphate include the production of animal feed additives and use in agriculture as a fertiliser. Zinc stearate is used as a lubricant and releasing agent in the production of rubber and plastics, whereas zinc chloride acts as a catalyst in chemical processes. Regulations, technical development, and the expansion of industry all have an impact on the need for zinc compounds.
MARKET TRENDS:
Many important factors influence the market for zinc compounds, shaping both its demand and growth. The growing range of sectors that zinc compounds are applied to, such as chemicals, medicines, agriculture, and cosmetics, is one important motivator. Owing to their many uses and qualities, zinc compounds are essential to the manufacturing of medications, fertilisers, personal care items, and supplements for animal feed.
Additionally, the demand for zinc compounds in the agricultural and healthcare industries is being driven by growing knowledge of the advantages of zinc in enhancing crop output, animal health, and human well-being. Furthermore, as manufacturing techniques and technologies continue to progress, zinc chemical production is becoming more efficient and of higher quality, which is driving market expansion. Zinc chemicals are being used as eco-friendly substitutes in a variety of applications due to environmental laws and the growing emphasis on sustainable practices, which is fueling the market's rise.
MARKET DRIVERS:
- The rising use of food additives and medicines is anticipated to impact the zinc chemicals market growth.
Zinc sulphate is frequently used for oral rehydration during diarrhoea for the treatment of zinc insufficiency. For patients who are presymptomatic and expecting moms, zinc sulphate is advised as the first line of treatment. In the food and beverage industry, zinc sulphate is used as a natural supplement and as an ingredient in animal feed. The usage of zinc sulphate in food and pharmaceutical applications is anticipated to significantly contribute to the growth of the global zinc chemicals market during the forecast period.
In the upcoming years, it is anticipated that new research and technical advancements will benefit the zinc nanoparticles used for cancer detection, imaging, and therapy, creating several chances for the zinc chemicals sector. These factors are expected to increase the zinc chemicals market share.
- Rising demand for zinc chemicals in the automotive industry might upsurge the market.
Rubber hoses, tyres, tubes, and gaskets are made in the automotive industry using zinc oxide. Owing to the expanding applications, zinc oxide is anticipated to continue to dominate the global zinc chemicals market over the forecast period. With the rising demand for zinc compounds in paints and varnishes, the zinc chemicals market size is expanding. Moreover, the increasing automotive industry is also helping the market grow favourably because it has raised the need for zinc chemicals used in belts, radial tyres, paints, and coatings.
- High demand in the ceramics industry may significantly impact zinc chemicals market growth.
To improve the gloss of the surface, the ceramics industry uses zinc compounds such as zinc oxide and zinc sulphate. They aid in preventing ceramic products from cracking and trembling by making the ceramic glaze more elastic. The recent rise in the production of ceramic goods in Asian countries like China and India had a big impact on the market for zinc compounds. The growing building industries in various Asian countries are the main drivers of the demand for ceramic items, including ceramic tiles, toiletries and pipes.
MARKET RESTRAINTS:
Although humans can handle relatively high levels of zinc compounds, too much zinc can still have a deleterious impact on health, causing symptoms like nausea, fatigue, anaemia, and skin rashes. In excessively high doses, zinc contains substances that can harm the pancreas, obstruct protein metabolism, and cause arteriosclerosis.
Zinc oxide exposure in excess can cause several health problems, including metal fume fever, the flu, migraines, fever, and cough. It may also be harmful to the developing foetus. When inhaled in microscopic or ultra-fine fractions, ZnO, a characteristic component of particle air pollution, can result in acute systemic symptoms.
Asia Pacific is predicted to account for a significant share of the zinc chemicals market.
During the projected period, the Asia Pacific region is anticipated to lead the zinc chemicals market. Owing to the widespread and extensive use of zinc chemical derivatives in numerous applications, including rubber processing, chemicals processing, and agriculture among others, the Asia-Pacific region is expected to dominate the market. The majority of chemicals generated globally are processed in China, which is an industry powerhouse.
Furthermore, China's chemical manufacturing sector is anticipated to grow steadily throughout the projection period due to supportive government measures and a sizable consumer base which is anticipated to positively impact the zinc chemicals market in the nation. The country's growing chemical production is anticipated to present a development potential for the market under investigation.
Market Developments:
- In January 2024, A new 10mg/10mL (1 mg/mL) concentration of zinc sulphate for injection USP was introduced in the United States, according to Piramal Critical Care (PCC), a part of Piramal Pharma Limited. With this introduction, PCC plans to grow both its portfolio of generic injectables overall and its current Zinc Sulphate Injection product line.
- In August 2022, The Critical Care division of Piramal Pharma Limited, a prominent provider of Complex Hospital Generics, announced the First Market Generic Zinc Sulphate Injection launch in the United States. With the Competitive Generic Therapy (CGT) classification, this medicine has received clearance from the US Food and Drug Administration.
- In June 2022, The world's leading zinc chemistry company was formed by Aterian Investment Partners through the merger of U.S. Zinc and EverZinc, two of the biggest makers of zinc chemical products worldwide. The United business was launched in Houston, Texas, and is known as EverZinc.
Zinc Chemicals Market Scope:
Report Metric | Details |
Market Size Value in 2022 | US$8.103 billion |
Market Size Value in 2029 | US$11.458 billion |
Growth Rate | CAGR of 5.07% from 2022 to 2029 |
Study Period |
2019 to 2029 |
Historical Data |
2019 to 2022 |
Base Year | 2023 |
Forecast Period | 2024 – 2029 |
Forecast Unit (Value) | USD Billion |
Segments Covered |
|
Companies Covered |
|
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Customization Scope | Free report customization with purchase |
Segmentation:
- By Type
- Zinc Oxide
- Zinc Sulphate
- Zinc Carbonate
- Zinc Chloride
- Others
- By Application
- Rubber Compounding
- Agriculture
- Glass & Ceramics
- Paints & Coatings
- Chemicals
- Food & Pharmaceuticals
- Textiles
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Taiwan
- Thailand
- Indonesia
- Others
- North America
Frequently Asked Questions (FAQs)
Zinc Chemicals Market was valued at US$8.103 billion in 2022.
The zinc chemicals market is projected to reach a market size of US$11.458 billion by 2029.
The global zinc chemicals market is projected to grow at a CAGR of 5.07% during the forecast period.
Asia Pacific is predicted to account for a significant share of the zinc chemicals market.
The rising use of food additives and medicines is anticipated to impact the zinc chemicals market growth.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
1.8. Key Benefits for the stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. ZINC CHEMICALS MARKET, BY TYPE
5.1. Introduction
5.2. Zinc Oxide
5.2.1. Market Trends and Opportunities
5.2.2. Growth Prospects
5.2.3. Geographic Lucrativeness
5.3. Zinc Sulphate
5.3.1. Market Trends and Opportunities
5.3.2. Growth Prospects
5.3.3. Geographic Lucrativeness
5.4. Zinc Carbonate
5.4.1. Market Trends and Opportunities
5.4.2. Growth Prospects
5.4.3. Geographic Lucrativeness
5.5. Zinc Chloride
5.5.1. Market Trends and Opportunities
5.5.2. Growth Prospects
5.5.3. Geographic Lucrativeness
5.6. Others
5.6.1. Market Trends and Opportunities
5.6.2. Growth Prospects
5.6.3. Geographic Lucrativeness
6. ZINC CHEMICALS MARKET, BY APPLICATION
6.1. Introduction
6.2. Rubber Compounding
6.2.1. Market Trends and Opportunities
6.2.2. Growth Prospects
6.2.3. Geographic Lucrativeness
6.3. Agriculture
6.3.1. Market Trends and Opportunities
6.3.2. Growth Prospects
6.3.3. Geographic Lucrativeness
6.4. Glass & Ceramics
6.4.1. Market Trends and Opportunities
6.4.2. Growth Prospects
6.4.3. Geographic Lucrativeness
6.5. Paints & Coatings
6.5.1. Market Trends and Opportunities
6.5.2. Growth Prospects
6.5.3. Geographic Lucrativeness
6.6. Chemicals
6.6.1. Market Trends and Opportunities
6.6.2. Growth Prospects
6.6.3. Geographic Lucrativeness
6.7. Food & Pharmaceuticals
6.7.1. Market Trends and Opportunities
6.7.2. Growth Prospects
6.7.3. Geographic Lucrativeness
6.8. Textiles
6.8.1. Market Trends and Opportunities
6.8.2. Growth Prospects
6.8.3. Geographic Lucrativeness
6.9. Others
6.9.1. Market Trends and Opportunities
6.9.2. Growth Prospects
6.9.3. Geographic Lucrativeness
7. ZINC CHEMICALS MARKET, BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. By Type
7.2.2. By Application
7.2.3. By Country
7.2.3.1. USA
7.2.3.1.1. Market Trends and Opportunities
7.2.3.1.2. Growth Prospects
7.2.3.2. Canada
7.2.3.2.1. Market Trends and Opportunities
7.2.3.2.2. Growth Prospects
7.2.3.3. Mexico
7.2.3.3.1. Market Trends and Opportunities
7.2.3.3.2. Growth Prospects
7.3. South America
7.3.1. By Type
7.3.2. By Application
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.1.1. Market Trends and Opportunities
7.3.3.1.2. Growth Prospects
7.3.3.2. Argentina
7.3.3.2.1. Market Trends and Opportunities
7.3.3.2.2. Growth Prospects
7.3.3.3. Others
7.3.3.3.1. Market Trends and Opportunities
7.3.3.3.2. Growth Prospects
7.4. Europe
7.4.1. By Type
7.4.2. By Application
7.4.3. By Country
7.4.3.1. United Kingdom
7.4.3.1.1. Market Trends and Opportunities
7.4.3.1.2. Growth Prospects
7.4.3.2. Germany
7.4.3.2.1. Market Trends and Opportunities
7.4.3.2.2. Growth Prospects
7.4.3.3. France
7.4.3.3.1. Market Trends and Opportunities
7.4.3.3.2. Growth Prospects
7.4.3.4. Spain
7.4.3.4.1. Market Trends and Opportunities
7.4.3.4.2. Growth Prospects
7.4.3.5. Others
7.4.3.5.1. Market Trends and Opportunities
7.4.3.5.2. Growth Prospects
7.5. Middle East and Africa
7.5.1. By Type
7.5.2. By Application
7.5.3. By Country
7.5.3.1. Saudi Arabia
7.5.3.1.1. Market Trends and Opportunities
7.5.3.1.2. Growth Prospects
7.5.3.2. UAE
7.5.3.2.1. Market Trends and Opportunities
7.5.3.2.2. Growth Prospects
7.5.3.3. Israel
7.5.3.3.1. Market Trends and Opportunities
7.5.3.3.2. Growth Prospects
7.5.3.4. Others
7.5.3.4.1. Market Trends and Opportunities
7.5.3.4.2. Growth Prospects
7.6. Asia Pacific
7.6.1. By Type
7.6.2. By Application
7.6.3. By Country
7.6.3.1. China
7.6.3.1.1. Market Trends and Opportunities
7.6.3.1.2. Growth Prospects
7.6.3.2. Japan
7.6.3.2.1. Market Trends and Opportunities
7.6.3.2.2. Growth Prospects
7.6.3.3. India
7.6.3.3.1. Market Trends and Opportunities
7.6.3.3.2. Growth Prospects
7.6.3.4. South Korea
7.6.3.4.1. Market Trends and Opportunities
7.6.3.4.2. Growth Prospects
7.6.3.5. Taiwan
7.6.3.5.1. Market Trends and Opportunities
7.6.3.5.2. Growth Prospects
7.6.3.6. Thailand
7.6.3.6.1. Market Trends and Opportunities
7.6.3.6.2. Growth Prospects
7.6.3.7. Indonesia
7.6.3.7.1. Market Trends and Opportunities
7.6.3.7.2. Growth Prospects
7.6.3.8. Others
7.6.3.8.1. Market Trends and Opportunities
7.6.3.8.2. Growth Prospects
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Market Share Analysis
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Competitive Dashboard
9. COMPANY PROFILES
9.1. Weifang Longda Zinc Industry Co., Ltd.
9.2. Hakusui Tech
9.3. Rubamin
9.4. Zochem, Inc.
9.5. Akrochem Corporation
9.6. L. Brügge¬mann GmbH & Co. KG
9.7. EverZinc.
9.8. Pan-Continental Chemical Co., Ltd.
9.9. TIB Chemicals AG
9.10. Boliden Group
Weifang Longda Zinc Industry Co., Ltd.
Hakusui Tech
Rubamin
Akrochem Corporation
L. Brügge¬mann GmbH & Co. KG
EverZinc.
Pan-Continental Chemical Co., Ltd.
TIB Chemicals AG
Boliden Group
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