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.
Zinc Chemicals Market research report delivers key data about the product portfolios, product values, company profiles, shares, and contact data for the company. This promotional market document on the worldwide market also represents all the regions as well as countries across the globe, which showcase a regional manufacturing status, such as volume, market size, value and price details. It also represents a brief summary of sales, revenue share, demand/supply data, and market growth analysis during the predicted period. Zinc Chemicals business report showcases an overall mapping of the industry vendors and the analysis of the competitive landscape.
Global Zinc Chemicals marketing report provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market. The report endows with the complete knowledge and information of rapidly changing market landscape, what is already there in the market, future trends or market expectations, the competitive environment, and competitor strategies that aids in planning the own strategies with which business can outshine the competitors. The widespread Zinc Chemicals business report contains top to bottom analysis and estimation of various market related factors that plays key role in better decision making.
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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.
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
Application
Some of the major players operating in the zinc chemicals market are:
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Drivers
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
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.
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
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.
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.
The report answers questions such as:
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