Zinc Chemicals Market is segmented by Type (Zinc Oxide, Zinc Sulfate, Zinc Carbonate, and Zinc Chloride), Application Type (Rubber Compounding, Agriculture, Glass & Ceramics, Paint & Coatings, Chemicals, Food & Pharmaceuticals, and Textiles), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Zinc Chemicals Market is segmented by Type (Zinc Oxide, Zinc Sulfate, Zinc Carbonate, and Zinc Chloride), Application Type (Rubber Compounding, Agriculture, Glass & Ceramics, Paint & Coatings, Chemicals, Food & Pharmaceuticals, and Textiles), and Region...
Zinc chemicals are inorganic compounds made from zinc metal using two distinct methods: direct and indirect. The indirect procedure results in more pure zinc oxide than the direct method. Zinc chemicals are utilized in rubber compounding, agriculture, paint and coatings, glass and ceramics, chemicals, textiles, and food and pharmaceutical applications. The expansion of these applications drives the worldwide market for zinc chemicals.
COVID-19 Impact
Automotive production declined in 2018 and 2019 and was expected to start rebounding from 2020 onwards. However, the sudden outburst of the pandemic trashed the market hope. As a result of that, there was an enormous decline in the production of automobiles across regions. The grave impact of this was registered across the supply chain including the level of components. The lockdown and supply chain disruption harmed other industries such as cosmetics and agriculture.
Zinc chemicals, a sizeable market, could not escape from such trends and witnessed a colossal decline amid the pandemic, quite aligned with the decline in automobile production. However, the industry is gradually rebounding in the year 2021 with the ramp-up of strong demand for paints and coating boosting economic growth. Furthermore, applying zinc to the skin as a nourishing agent is likely to give impetus to the demand for zinc chemicals.
Segments Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Type
Zinc Oxide, Zinc Sulfate, Zinc Carbonate, Zinc Chloride, and Other Types
Zinc Oxide is anticipated to remain the biggest demand generator for zinc chemicals in the years to come.
Rubber Compounding is anticipated to remain the pioneer for zinc chemicals in the years to come.
Regional Analysis
North America, Europe, Asia-Pacific, and The Rest of the World
Asia-Pacific is expected to remain the largest market over the next five years, whereas Europe is likely to grow at the fastest rate.
By Type
“Zinc Oxide accounts for the largest share during the forecast period.”
The zinc chemicals market is segmented into Zinc Oxide, Zinc Sulfate, Zinc Carbonate, Zinc Chloride, and Other Types. Zinc Oxide is expected to remain the largest and the fastest-growing vehicle type in the market during the forecast period as it is one of the most widely used chemicals and is found in various industries.
It is used in rubber compounding, ceramics, paints and coatings, pharmaceuticals, cosmetics, and as a UV blocker in sunscreens. Its versatility and broad range of applications make it a significant component in the zinc chemicals market.
By Application Type
“Rubber Compounding dominates the market during the forecast period.”
The market is segmented into rubber compounding, agriculture, glass & ceramics, paint & coatings, chemicals, food & pharmaceuticals, and textiles. Rubber compounding is expected to remain the dominant material type in the market during the forecast period. Zinc chemicals are often used in rubber compounding applications, especially in the production of tires.
Zinc oxide is a key ingredient in tire manufacturing due to its ability to enhance rubber's heat resistance, wear resistance, and overall performance.
Regional Analysis
“Asia-Pacific is expected to remain the largest market for zinc chemicalsduring the forecast period.”
This region has the presence of many major OEMs, such as Toyota and Hyundai, and the region's strong economic growth and industrialization have made it a growth engine for the automotive industry.
Europe is likely to create sizeable opportunities in the coming five years, driven by the high demand for zinc chemicals from the cosmetic and personal care industry for sun protection.
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Key Players
The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.
The following are the key players in the zinc chemicals market (arranged alphabetically).
Note:The above list does not necessarily include all the top players in the market.
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Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Zinc Chemicals Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
Who are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirements?
10% free customization
Research Methodology
This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s zinc chemicals market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Option
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
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Zinc chemicals are inorganic compounds made using two distinct methods: direct and indirect. The indirect procedure results in more pure zinc oxide than the direct method. These chemicals are made from zinc metal. Zinc chemicals are utilized in rubber compounding, agriculture, paint & coatings, glass & ceramics, chemicals, textiles, and food & pharmaceutical applications. The worldwide market for zinc chemicals is driven by the expansion of these applications.
The zinc chemicals market is estimated to grow at a CAGR of 4.3% by 2028, driven by industrial and economic growth, agricultural practices, and growth of construction and infrastructure development, consumer goods, and electronics industries.
U.S. Zinc, Zochem Inc, EverZinc, TIB Chemicals AG, and Weifang Longda Zinc Industry Co. Ltd., amongst others are the leading players in the zinc chemicals market.
Asia-Pacific is estimated to remain dominant in the zinc chemicals market in the foreseeable future. The key economies driving the region’s demand for zinc chemicals are China, India, and Japan with their growing automotive industry and increasing demand for cosmetics.
Europe is estimated to remain the fastest-growing market for zinc chemicals in the foreseeable future due to construction and infrastructure development projects and an increase in demand for cosmetics.
Rubber compounding is estimated to be the dominant application in the market as zinc chemicals are essential in the production of tires, rubber seals, and various rubber products.
