Zinc Chemicals Market is projected to grow at a CAGR of 5.07% to reach US$11.458 billion in 2029

zinc chemicals market

The zinc chemicals market is calculated at US$8.103 billion for the year 2022 and is projected to rise at a compound annual growth rate of 5.07% to reach a market size of US$11.458 billion by the year 2029.

The increasing need for end-user industries is greatly benefiting the zinc chemicals market.

As per the report. the market for zinc chemicals is projected to grow during the forecast period.

Zinc compounds are a class of chemicals that bear zinc as the principal constituent. This kind of materials is employed in a variety of industries and they solve different problems. They participate in processes such as the food industry, cosmetics, medicine, and many others. Furthermore, zinc oxide is mostly used as a pigment, and also as an ultraviolet blocker, in rubber manufacturing, drugs, and beauty cosmetics.

The main reason that is driving the development of the zinc chemicals market is the growing need for zinc chemicals from different end-product industries. Specifically, zinc compounds are used in many other industries, like the automotive sector, to toughen rubber tires, in agriculture where crops are supplied with the nutrient as well as in the production of paints and coatings which that prevent rusting of the metal surface.

Besides painting the softness of fabrics, zinc compounds are also employed in the production of food and pharmaceutical sectors for their functional properties. The zinc chemicals application range is very wide and can meet different needs. The forthcoming growth of these industries has a direct relevance with the market which indirectly changes the demand for zinc chemicals. For instance, in 2023 an article published by the United States Manufacturing Association states that during the FY 2023, the whole shipment is estimated at 334.2 million units, with respective FY 2022 the shipment value is about 332.0 million units.

The market for zinc chemicals has been classified on the basis of type, application, and location of geographies.

To the point of category, the market is split into zinc oxide, zinc sulphate, zinc carbonate, zinc chloride, and others for the different end-use products based on their features and functionality. Zinc chemicals perform numerous important functions in areas such as the tire industry (where it optimizes rubber parameters) agriculture (where it improves crop growth) and tool steel (where it is used in the electroplating process). With the boom in these critical industries, the astronomical demand for zinc chemicals becomes more and more obvious. Zinc oxide is the star product of the zinc chemical market. It not only reinforces the rubber in tires, it allows them to keep on rolling, and it serves as a UV protector in sunscreens, protecting surfaces as well. This flexibility makes it a universal actor with multifaceted applications in various industries.

As per category, the market has been classified into rubber compounding, agriculture, glass & ceramics, paints & coatings, chemicals, food & pharmaceuticals, textiles, and others. The Rubber Compounding is the major zinc chemical application, and it is defined as the admixture of various chemicals to make the rubber stronger and more suitable for different applications. The zinc part is a rubber toughener that boosts the quality of rubber material (tires). The massive industry of the automotive unit is among the segments that necessitates a huge amount of zinc chemicals.

By region, Asia Pacific is projected to account for a significant share of the zinc chemicals market due to the Asia Pacific zinc chemicals market is going to be determined by the surging industrial sector, in particular, in China and India. The escalating urbanization is resulting in the need for construction materials that are corrosion-resistant such as zinc in paints and coatings. In addition to this, infrastructure projects in that area use structural steel, which is also part of the demand for zinc coating. The flourishing automotive sector along with its high use of zinc in tires makes the demand for zinc chemicals even stronger in this region.

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/zinc-chemicals-market

This zinc chemicals market has been analyzed into the following segments:

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