Zinc Chemicals Market Analysis to 2023
Zinc chemicals are inorganic compounds that are used extensively in a wide range of end use industries. The unique properties of these chemicals find their way in many application from rubber compounding to pharmaceuticals. Zinc oxides are used as vulcanization agents in the manufacturing of rubber which in turn is largely consumed by the automobile industry owing to its vast implication in the production of belts, radial tires, bias tires hoses, glass, ceramics, and latex gloves among others.
Global Key Players
Some of the prominent players operating in the Global Zinc chemicals market are U.S. Zinc (U.S.), GHC (Canada), Weifang Longda Zinc Industry (China), Hakusuitech co. Ltd (Japan), American Chemet Corporation (U.S.), Rubamin (India), Zinc Oxide LLC (US), Akrochem corporation (U.S.), American chemet corporation ( U.S), and BrüggemannGruppe (Germany) among others.
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- Zinc Chemicals market manufacturers
- Traders and Distributors of Zinc chemicals market
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
Zinc chemicals also used in fertilizers, food and animal feed in the agrarian economies throughout the globe. In the food industry, zinc chemicals are used as nutrient supplements, this demand is driven by the growing health conscious consumers in the developing nations. Zinc oxides are found in many forms depending upon its usage such as powder, pellets, and surface-treated form among others. The global market of zinc chemicals is mainly driven by the growing demand from end user industries such as rubber industry, glass ceramics and pharmaceuticals among others. Moreover, the growing agricultural and automotive industry in the developing regions are also contributing substantially to the growth of the market.
Among the various product segments in Zinc chemicals market, the zinc sulfate segment is the leading and is anticipated to continue its dominance over the forecast period. Zinc sulfate is extensively used in applications such as agricultural sprays, fertilizers, consumer goods and animal feed. The growing demand of zinc sulfate as a fertilizer additive to prevent deficiency in crops mostly from the agriculture driven economies of Asia Pacific is further adding to the market growth. Moreover, the anti-inflammatory and wound healing properties of zinc sulfate finds wide application in the treatment of various skin diseases. In addition, it is also used as mordant in dyeing, as electrolyte in zinc plating and preservatives for leather and skin. Among the application segment, rubber compounding is the dominant segment and is expected to retain its dominance and grow at an encouraging CAGR. The growing demand for rubber and plastic products from the automotive, electrical and electronics and footwear industries is the major factor significantly contributing to the growth of the market. Moreover, the growing demand for conveyer belts, rubber shoes, radial tires, latex gloves and others is also expected to surge the growth of the segment.
The Zinc chemicals market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing market with an encouraging CAGR. The growing population and the increasing personal disposable incomes in the developing nations are the major reason driving the growth of the zinc chemicals market. Moreover, the burgeoning construction industry in countries such as India, China is adding to the demand for zinc chemicals in the paint and coatings industry which in turn is propelling the market growth. The demand for agricultural sprays, fertilizers from the agriculture driven economies such as India and China is yet another factor positively effecting the market. Furthermore, the presence of the largest rubber producing countries in the world such as Indonesia, China and India is also fuelling the demand for zinc chemicals owing to its extensive use in rubber compounding. The growing development of the electronics industry mainly in Japan and China is further expected to boost the market demand for zinc chemicals in this region.
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The North American is another dominant region for the market of Zinc Chemicals exhibiting an expanding CAGR. The presence of the big three automobile companies namely General Motors, Ford and Fiat Chrysler has augmented the demand for Zinc Chemicals for their use in the automobile industry. Furthermore, the new elected government has brought a new wave of investments in construction and renovation of the infrastructure in mainly in the U.S. and Canada will is further expected to boost the market owing to the use of zinc chemicals in paints and coatings. Moreover, the approval of the government in the usage of zinc chemicals in sun care products is further expected to add to the market growth.
The Global Zinc chemicals market is segmented into product type, and end-user. On the basis of type, the market is segregated into zinc oxide, zinc sulfate, zinc carbonate, zinc chloride, others. The market by application industry is further categorized into rubber compounding, agriculture, glass & ceramics, paints & coatings, chemicals, food & pharmaceuticals, textiles, and others.
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