Global Zinc Chloride Market Segmentation, By Grade (High Purity Grade, Battery Grade, Technical Grade, and Commercial Grade), Application (Dry Cell Batteries, Water Treatment, Catalyst, and Others), Form (Powder and Liquid), End-Use Industries (Electronics, Chemical, Agriculture, and Pharmaceutical) - Industry Trends and Forecast to 2031.
Zinc Chloride Market Analysis
The zinc chloride market has seen advancements in battery production, where it’s used as an electrolyte. Innovations in electrifying processes enhance corrosion resistance. Emerging methods in wastewater treatment utilize zinc chloride for its flocculating properties. Market growth is driven by increasing demand for pharmaceuticals, agrochemicals, and textiles. Enhanced production techniques improve efficiency and reduce environmental impact.
Zinc Chloride Market Size
The global zinc chloride market size was valued at USD 309.60 million in 2023 and is projected to reach USD 404.54 million by 2031, with a CAGR of 3.40% during the forecast period of 2024 to 2031. 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 Chloride Market Trends
“Increasing Demand for Zinc Chloride in Water Treatment”
One significant trend in the zinc chloride market is its increasing use in water treatment. Zinc chloride serves as a flocculant and disinfectant, improving water quality by removing impurities. Stricter environmental regulations and the need for effective water purification drive this rise. For instance, in March 2021, CoastalZinc Zinc Chloride was registered under the EU REACH framework. This initiative, aimed at enhancing human health and environmental safety while boosting industry competitiveness, focuses on managing chemical risks and promoting alternative hazard assessment methods.
Report Scope and Market Segmentation
|
Attributes
|
Zinc Chloride Key Market Insights
|
|
Forecast Period
|
2024 to 2031
|
|
Base Year
|
2023
|
|
Historic Years
|
2022 (Customizable to 2016 - 2021)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
By Grade: High Purity Grade, Battery Grade, Technical Grade, and Commercial Grade
By Application: Dry Cell Batteries, Water Treatment, Catalyst, and Others
By Form: Powder and Liquid
By End-Use Industries: Electronics, Chemical, Agriculture, and Pharmaceutical
|
|
Countries Covered
|
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
|
|
Key Market Players
|
Zaclon LLC (U.S.), American Elements (U.S.), TIB Chemicals AG (Germany), Global Chemical Co., Ltd. (South Korea), INDO LYSAGHT. Tbk (Indonesia), S.A. Lipmes (India), Eurocontal (Germany), Vinipul Inorganics Private Limited (India), Advance Chemical sales corporation (U.S.), Suvidhi Group (India), Prime Specialities (India), Vishnu Priya Chemicals Pvt Ltd (India), Indian Platinum Pvt.Ltd. (India), Kalyani Chemicals (India), Benzer Multitech India Private Limited (India), and Akme Sons Enterprise (India)
|
|
Market Opportunities
|
|
|
Data Pointers
|
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 Chloride Market Definition
Zinc chloride (ZnCl₂) is a white, crystalline chemical compound used in various industrial applications. It serves as a flux in soldering, a catalyst in organic synthesis, and a component in dry cell batteries. Additionally, it is employed in textile processing, as a disinfectant, and in the manufacturing of pharmaceuticals and deodorants due to its antiseptic properties.
Zinc Chloride Market Dynamics
Drivers
- Growing Construction Sector
The growing construction sector significantly drives the zinc chloride market. Zinc chloride is used for waterproofing and as a concrete additive, enhancing the durability and longevity of structures. For instance, its application in the construction of high-rise buildings and infrastructure projects, such as bridges and highways, boosts demand. As global infrastructure investments rise, particularly in emerging economies, the need for zinc chloride in construction applications continues to increase.
- Rise in Pharmaceutical Applications
The rise in pharmaceutical applications significantly drives the zinc chloride market. It is used in pharmaceutical formulations and as a disinfectant in medical settings. For instance, zinc chloride is utilized in wound disinfectants and topical antiseptics. With the pharmaceutical industry's expansion, driven by increased healthcare needs and advancements in drug development, the demand for zinc chloride in medical applications is growing, thereby propelling market growth.
Opportunities
- Advancements in Technology
Advancements in technology drive the zinc chloride market by enhancing production efficiency and expanding applications. For instance, new manufacturing techniques, such as continuous flow reactors, reduce production costs and increase purity. Additionally, innovations such as zinc chloride's use in advanced battery technologies open new market opportunities. These technological improvements streamline processes and create new demand, boosting market growth.
- Growing Demand for Specialty Coatings
The increasing demand for durable specialty coatings drives growth in the zinc chloride market due to its anti-corrosive properties. For instance, the automotive and marine industries require high-performance coatings to enhance longevity and protect against corrosion. As manufacturers seek advanced solutions for harsh environments, zinc chloride’s role in developing these coatings becomes crucial, creating significant market opportunities.
Restraints/Challenges
- Fluctuating Raw Material Prices
Fluctuating raw material prices, particularly for zinc ore, pose a significant challenge to the zinc chloride market. Volatility in these prices can lead to increased production costs and unpredictability in pricing strategies. This instability can hinder the market by creating financial uncertainty for producers and affecting their ability to set consistent pricing. Consequently, the market may face reduced stability and potentially lower profitability.
- Competition from Alternatives
Competition from alternatives poses a significant challenge for the zinc chloride market. Various chemicals and materials, such as other zinc compounds or different chloride salts, can fulfill similar roles in applications such as water treatment or industrial processes. These alternatives may offer comparable or enhanced performance, potentially diminishing the demand for zinc chloride. As a result, this competition can hinder zinc chloride market growth and affect zinc chloride market share.
This 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 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.
Zinc Chloride Market Scope
The market is segmented on the basis of grade, application, form and end-use industries. The growth amongst these segments will help you analyze 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.
Grade
- High Purity Grade
- Battery Grade
- Technical Grade
- Commercial Grade
Application
- Dry Cell Batteries
- Water Treatment
- Catalyst
- Others
- Textile Processing
- Wood Preservatives
Form
- Powder
- Liquid
End-Use Industries
- Electronics
- Chemical
- Agriculture
- Pharmaceutical
Zinc Chloride Market Regional Analysis
The market is analyzed and market size insights and trends are provided by grade, application, form and end-use industries as referenced above.
The countries covered in the 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 is expected to dominate the zinc chloride market due to the booming automotive sector, which drives demand for dry batteries containing zinc chloride. Additionally, growth in agriculture for fertilizer additives and the increasing presence of major manufacturers in emerging economies such as China and India further contribute to the region's market leadership.
Europe is expected to show growth in the zinc chloride market due to rising demand from the petrochemical industry and increased use in textile processing. The expansion is driven by zinc chloride’s applications in catalyst and chemical treatments within these sectors, enhancing process efficiencies and product quality.
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 such as 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.
Zinc Chloride Market Share
The 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 market.
Some of the major players operating in the market are:
- Zaclon LLC (U.S.)
- American Elements (U.S.)
- TIB Chemicals AG (Germany)
- Global Chemical Co., Ltd. (South Korea)
- INDO LYSAGHT. Tbk (Indonesia)
- S.A. Lipmes (India)
- Eurocontal (Germany)
- Vinipul Inorganics Private Limited (India)
- Advance Chemical sales corporation (U.S.)
- Suvidhi Group (India)
- Prime Specialities (India)
- Vishnu Priya Chemicals Pvt Ltd (India)
- Indian Platinum Pvt.Ltd. (India)
- Kalyani Chemicals (India)
- Benzer Multitech India Private Limited (India)
- Akme Sons Enterprise (India)
Latest Developments in Zinc Chloride Market
- In March 2021, Unilever, a prominent leader in the personal care products industry, launched a groundbreaking toothpaste featuring zinc salt. This innovative formula is designed to potentially lower blood pressure and boost nitrate-reductase activity, which could significantly expand its share in the global market
SKU-