Zinc Chemicals Market, Size and Covid-19 Analysis, By Type (Zinc Bromide, Zinc Chloride, Zinc Sulphate, Zinc Nitrate, Zinc Acetate, Others), By Application (petroleum, water treatment, glass and ceramics, roofing and drainage, tires, agrochemicals, rubber compounding, others), By End-User (Automotive, chemical industry, building and construction, agriculture, oil and gas, paints and coatings, pharmaceutical, food industry, others), By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Forecast (2021-2030)

The Zinc Chemicals Market was valued at USD XX.XX billion in 2020 and is projected to reach USD XX.XX billion by 2030 at a CAGR of xx.xx% over the forecast period. The zinc chemicals are basically inorganic compounds manufactured from two different processes like direct (American) as well as indirect (French). Zinc oxide produced by the indirect process is pure than that through the direct process.

These chemicals are obtained from zinc metal. Zinc chemicals are used in agriculture, rubber compounding, glass and ceramics, paint and coatings, textiles, chemicals, food, and pharmaceuticals applications. The growth of these segments is driving the market globally. Apart from this the new product launches, as well as expanding applications along with the favorable reimbursement policies, would further cater to the growth in the global zinc chemicals market.

Zinc Chemicals Market

COVID 19 Impact

The zinc chemicals market was negatively impacted owing to the COVID 19. With the onset of COVID 19, several countries have imposed lockdowns for curbing the spread of the virus. Major tire producers had to shut down their plants due to the losses that occurred.

DRIVING FACTORS

The increasing use of zinc oxide in sunscreens owing to its features like the high blocking of dangerous ultraviolet rays from the sun is anticipated to provide a positive impact on the global inorganic zinc chemicals market. Not only this but also the heavy utilization of zinc chemicals in the food additives as well as other supplements for offering proper nutrition for the body are expected to increase the overall growth of the zinc chemicals market during the forecasted period.

Heavy demand for the inorganic chemicals in the pharmaceutical sector due to the usage in the lotions for treating skin problems may also drive the global market. Furthermore, zinc chemicals batteries have a capacity of 50% higher as compared to carbon-zinc chloride batteries which are less likely to leak than carbon batteries and can be even more current which is then anticipated to support the market growth of the global zinc chemicals market.

RESTRAINING FACTORS

Apart from various benefits, there are certainly other challenges to the market growth of the Global zinc Chemicals market. Exposure to zinc oxide can also cause humans a flu-like illness that lasts for a day or two along with certain symptoms like cough, headache, or metallic taste in the mouth.

Not only this but also that patients that are using nasal sprays which contain zinc going to lose the sense of smell and large doses of zinc sulphate may cause different Side Effects like diarrhea, vomiting, and abdominal cramps. Thus utmost care is need while using zinc chemicals on the basis of applications as well as quantity of dosage.

SEGMENTATION

By Type Analysis

Zinc Sulphate Segment Holds Highest Share

On the basis of type, the zinc chemicals market is segmented into zinc bromide, zinc chloride, zinc sulphate, zinc nitrate, zinc acetate, and others. Among these, the zinc sulphate segment is anticipated to hold the highest market share owing to the increasing use of fertilizers additives which help in preventing zinc deficiency in crops.

Zinc is extremely important for carbohydrate metabolism that is associated with enzyme activity in plants as well as animals. Not only this but is also extremely important for animal protein synthesis. Foliar application of zinc sulphate is one of the best ways in increasing yield as well as the quality of the crops. The anti-inflammatory properties of zin sulphate have made it the best ingredient in the skin products segment. Not only this but it is also used in dyeing, leather as well as skin preservatives,

By Application Analysis

Rubber Compounding dominates the global zinc chemicals market

On the basis of application, the zinc chemicals market is segmented into petroleum, water treatment, glass and ceramics, roofing and drainage, tires, agrochemicals, rubber compounding, and others. In all the segments the rubber compounding has been the primary market for zinc chemicals.  Zinc chemicals are produced in rubber compounding application for producing rubber chemicals. In the industrial application of rubber zinc Chemicals like zinc oxide and widely used along with acid for improving its healing cycle.

Apart from this radial tires, conveyor belts, rubber belts, hose rubber shoes, and latex gloves are also made by using zinc chemicals. The growth behind the automotive industry is due to the rapid demand for the above-mentioned things. The tire industry remains the largest market for zinc oxide which covers more than half of the total market demand.

By End-Use Analysis

Automotive industry to hold the highest share

Based on the end-use, the zinc chemicals market is segmented into automotive, chemical industry, building and construction, agriculture, oil and gas, paints and coatings, pharmaceutical, food industry, and others.

The automotive industry holds the largest Market share due to the increasing number of car production. Ring chemical for mostly used in the production of automotive tubes and tires. Apart from this, the increasing economies along with the increased disposable income have increased the overall market demand.

Zinc Chemicals Market

By Region

The Asia Pacific dominates the market

On the basis of region, the zinc chemicals market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and South America. The Asia Pacific is dominating the zinc Chemicals market with more than half of the shares followed by North America as well as Europe. The main reason behind the growth of this segment is due to the presence of the original equipment manufacturers developing their manufacturing units in Asia Pacific countries going to the factors like low transportation, presence of land as well as high investment across the industry verticals.

This growing market is going to fuel the market demand over the forecast period. Not only this but also the developing construction industry in certain countries like India and China is also playing a huge role in the global market demand in the paint and coatings sector which will propel the market growth.

KEY INDUSTRY PLAYERS

Technology launches, research and development activities, acquisitions, mergers, and key strategies planned by the players in the zinc chemicals market.

LIST OF KEY COMPANIES PROFILED:

  • S. Zinc
  • EverZinc
  • Weifang Longda Zinc Industry
  • GHC
  • American Chemet Corporation
  • Hakusuitech Co. Ltd.
  • Others

KEY INDUSTRY DEVELOPMENTS

EverZinc has merged with G,H. Chemicals Ltd as well as Microzinc Inc, which is providing market as well as product expansion through the high-class facilities in Quebec.

By Type

  • Zinc bromide
  • Zinc Chloride
  • Zinc Sulfate
  • Zinc Nitrate
  • Zinc Acetate
  • Others

By Application

  • Petroleum
  • Water Treatment
  • Roofing and Drainage
  • Glass and Ceramics
  • Tires
  • Agrochemicals
  • Rubber Compounding
  • Others

By End-Use

  • Automotive
  • Chemical Industry
  • Oil and Gas
  • Agriculture
  • Building and Construction
  • Paints and Coatings
  • Food Industry
  • Pharmaceuticals
  • Others

By Region:

North America

  • North America, by Country
    • US
    • Canada
    • Mexico
  • North America, by Type
  • North America, by Application
  • North America, by End User

Europe

  • Europe, by Country
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia           
    • Rest of Europe
  • Europe, by Type
  • Europe, by Application
  • Europe, by End User

Asia Pacific

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Asia Pacific, by Type
  • Asia Pacific, by Application
  • Asia Pacific, by End User

Middle East & Africa

  • Middle East & Africa, by Country
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
  • Middle East & Africa, by Type
  • Middle East & Africa, by Application
  • Middle East & Africa, by End User

South America

  • South America, by Country
    • Brazil
    • Argentina
    • The Rest of South America
  • Rest of South America, by Type
  • Rest of South America, by Application
  • Rest of South America, by End User

FAQs Answered in the Report

  • In the zinc chemicals industry, what are the most important regional markets?
  • What is the market segmentation based on the type?
  • What is the market segmentation based on end-user?
  • What are the different phases of the market’s value chain?
  • What are the major drivers and threats in the market?
  • Who are the main players in the market and what is their structure?
  • What level of rivalry does the zinc chemicals market have?
  • What are the profit margins in the market?

Objectives of this report:

  • To estimate the market size for the zinc chemicals market on a regional and global basis.
  • To identify major segments in the zinc chemicals market and evaluate their market shares and demand.
  • To provide a competitive scenario for the zinc chemicals market with major developments observed by key companies in the historic years.
  • To evaluate key factors governing the dynamics of the zinc chemicals market with their potential gravity during the forecast period.

Reasons to Buy This Report:

  • It provides niche insights for a decision about every possible segment helping in the strategic decision-making process.
  • Market size estimation of the zinc chemicals market on a regional and global basis.
  • A unique research design for market size estimation and forecast.
  • Identification of major companies operating in the market with related developments
  • Exhaustive scope to cover all the possible segments helping every stakeholder in the zinc chemicals market.

Customization:

This study is customized to meet your specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country
  • Product Specific Competitive Analysis

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