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What's Driving The Zinc Chemicals Market Growth? | Weifang Longda, GHC, Hakusui Tech, U.S. Zinc, American Chemet Corporation, Rubamin, BrüggemannGruppe, and Akrochem Corporation
Zinc Chemicals Market
Zinc chemicals are widely used in cosmetics and personal care products. The global cosmetic market for personal care product was valued at over USD 570 billion in 2018. Rise in standard of living, increase in purchasing power parity and disposable income and increasing importance of grooming and personal care may act as the key factors which may foster the zinc chemicals market demand.
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• By Type, 2014-2025 (Kilo Tons) (USD Million)
1. Zinc Oxide
2. Zinc Sulfate
3. Zinc Carbonate
4. Zinc Chloride
5. Others
• By Application, 2014-2025 (Kilo Tons) (USD Million)
1. Rubber compounding
2. Agriculture
3. Paints & Coatings
4. Personal Care
5. Pharmaceuticals
6. Textiles
7. Others
Zinc oxide is used in vulcanization process of natural and synthetic rubber, which is further utilized in manufacturing of tires owing to its superior properties like compression fatigue and high resistance to heat. Around 85 million vehicles have been sold in 2018, owing to growth in automobile sector the demand for tires may increase which will eventually drive the zinc oxide market demand.
Chemical fertilizers market account for USD 105 billion in 2018. Low cost and easy availability of chemical fertilizers act as key factor for the growth of the market. Zinc sulfate is used as a fertilizer additive in chemical fertilizers, thereby stimulating the zinc chemicals market size.
• Company Profiles:
1. Weifang Longda Zinc Industry
2. U.S. Zinc
3. GHC
4. Hakusui tech co. Ltd
5. American Chemet Corporation
6. Rubamin
7. BrüggemannGruppe
8. Akrochem corporation
9. Zinc Oxide LLC
10. Rech Chemical
Zinc chloride is used as a solvent for several applications including soldering flux, galvanization, vulcanized rubber and odor control. In 2018, textile market accounted for over USD 925 million. Zinc chloride is used to dissolve starch and cellulose in textile industry, which in turn stimulate zinc chemicals market demand.
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North America zinc chemicals market size led by the U.S. and Canada is expected to account a significant growth during forecasted period. Automobile sales in U.S was accounted at over 17 million units in 2018 owing to increased standard of living and disposable income. Rise in demand for automobile sector will increase the usage of rubber in tires which will eventually drive the regional product demand.
Europe driven by Germany, France and UK zinc chemicals market size should have a significant growth during the forecasted timeframe. Europe cosmetic and personal care products market accounted for USD 86 billion in 2017. Zinc chemicals like zinc oxide and zinc carbonate are used in cosmetic products like sunscreen lotions and creams, the increased demand of personal care and cosmetic products in this region will drive the regional product demand.
Asia Pacific led by India, Japan, and China zinc chemicals market demand is expected to gain a significant growth during the forecasted timeframe. In India personal care products market was accounted at over USD 1.3 billion in 2018. Increase in disposable income and demand for luxurious products and increasing awareness regarding personal care products are the key factors driving the market growth. Rising applications in personal care product may propel the regional market demand.
Global zinc chemicals market share is moderately fragmented. Companies like Weifang Longda, GHC, Hakusui Tech, U.S. Zinc, American Chemet Corporation, Rubamin, BrüggemannGruppe, and Akrochem Corporation are the prominent player catering in this market.
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