Global Zinc Chemicals Market – Industry Trends and Forecast to 2030

 Zinc Chemicals Market Analysis and Size

In numerous end-use industries, zinc chemicals are widely used. Pharmaceuticals and rubber compounding are just two industries that use these chemicals' special qualities. Zinc oxides are used as vulcanization agents in rubber production, primarily consumed by the automotive industry because rubber plays a significant role in producing radial tires, belts, glass, bias tires, hoses, ceramics, and latex gloves, among other things.

Data Bridge Market Research analyses that the zinc chemicals market, valued at USD 9.29 billion in 2022, will reach USD 13.80 billion by 2030, growing at a CAGR of 5.08% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the data bridge market research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

 Zinc Chemicals Market Scope and Segmentation  

Market Definition

Zinc chemicals are inorganic chemical compounds that are used in a variety of applications. Zinc is an essential mineral for physical and mental health because it aids basic cellular function and, as a result, the proper functioning of the reproductive system. Zinc also helps to prevent common skin problems and strengthens the immune system. The three inorganic zinc compounds that are most frequently used are zinc chloride, zinc oxide, and zinc sulfate.

 Zinc Chemicals Market Dynamics

Drivers

• Strong demand for paints and coating boosting the economic growth

The need for high-performance functional paint and coating formulations is rising steadily in the automotive, construction & infrastructure, and other industries. Rapid urbanization and robust industrial development are stimulated building and construction activities, particularly in emerging economies.

• Applying zinc to the skin as a nourishing agent promotes growth

Zinc chloride is primarily used in pharmaceuticals and healthcare, frequently in medications to treat zinc deficiency. Zinc oxide is a common ingredient in cosmetics and personal care products like bath soaps, children's lotions, nail polish, ointments, and sunscreens to prevent potent UV absorption properties. Hence zinc carbonate is used as a skin condition treatment.

Opportunities

• Using zinc as a food additive and medicine uplifts the market

Oral rehydration during diarrhea and the treatment of zinc deficiency are two common uses for zinc sulfate. Zinc sulfate is recommended as the first-line treatment for patients who are presymptomatic and expectant mothers. Zinc sulfate is utilized in the food and beverage sector as an animal feed additive and a natural supplement. Throughout the forecast period, the use of zinc sulfate in food and pharmaceutical applications will play a significant role in propelling the growth of the global zinc chemicals market. The zinc nanoparticles used for cancer diagnosis, imaging, and treatment are expected to benefit from new research and technological developments in the coming years, opening up many opportunities for the zinc chemicals industry.

• Increasing automotive industry demand is boosting zinc chemicals market growth

Zinc oxide is used in manufacturing rubber hoses, tires, tubes, and gaskets in the automotive sector. The market for zinc oxide will dominate the global market for zinc chemicals during the forecast period because of the growing applications. The market is growing due to the increased demand for zinc derivatives in paints and varnishes. Additionally, the market is expanding favorably due to the booming automotive sector, which has increased demand for zinc chemicals used in belts, radial tires, paints, and coatings.

Restraints/Challenges

• High prices and scarcity may restrain market expansion

The price of ores to produce zinc chemicals has increased due to the scarcity of zincate ores, which are needed to make zinc chemicals such as zinc oxide, zinc sulfate, and zinc chloride. The rise in zinc prices will impact the demand-supply balance of the market for zinc chemicals. In addition, the lack of raw materials drives up production costs and market prices for goods.

This zinc chemicals market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the zinc chemicals market contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Zinc Chemicals Market Scope

The zinc chemicals market is segmented on the basis of product type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

 Type

• Zinc Oxide
• Zinc Sulphate
• Zinc Carbonate
• Zinc Chloride
• Others

Application

• Rubber Compounding
• Agriculture
• Glass & Ceramics
• Paints & Coatings
• Chemicals
• Food & Pharmaceuticals
• Textiles
• Others

 Zinc Chemicals Market Regional Analysis/Insights

The zinc chemicals market is analysed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the  zinc chemicals market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region's dominance are the population's rise and increasing personal disposable income.

Europe will undergo the highest growth rate during the forecast period due to the high demand for zinc chemicals from the cosmetic and personal care industry for sun protection.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Zinc Chemicals Market Share Analysis

The zinc chemicals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. the above data points provided are only related to the companies' focus related to global zinc chemicals market.

Some of the major players operating in the zinc chemicals market are:

• 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.)

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