Zinc Carbonate market Projected To Grow 5% Cagr Through 2025 | M-I Swaco a Schlumberger company, Global Chemical Co.

Smithsonite or commonly known as zinc carbonate is a zinc mineral ore used to extract zinc metal. Zinc carbonate comes in a white powder with no taste and odor. It is insoluble in water and alcohol, however, it is partly soluble in ammonia and can dissolve fully in sodium hydroxide and acid. Zinc carbonate has applications in various industries such as lotions, feed additives in cosmetics, pottery, household, personal care, rubber, porcelain. Zinc carbonate is a crucial material for translucent rubber mixtures coupled with other chemical procedures. Moreover, zinc carbonate offers antiseptic and fungicide properties in household and personal care.

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Global zinc carbonate market size is expected to increase significantly, owing to increasing demand for zinc carbonate from various industries during the forecast period. Growing use of zinc carbonate in the cosmetic industry is expected to impel the market growth. The cosmetic industry is growing at significant rate and was valued at over US$ 330.05 billion in 2016. Increasing the disposable income of population around the globe and rising importance of grooming is expected to boost the market growth in the near future. Furthermore, zinc carbonate is widely used in the chemical fertilizer industry.

Farmers are opting for chemical fertilizers to gain better crop yield, which is expected to increase the demand for zinc carbonate and thereby, drive growth of the market. Moreover, increasing use of zinc carbonate in rubber industry is likely to propel the market growth during the forecast period. Zinc carbonate is used in chemical process in transparent rubber mixtures, which is expected to boost growth of the market.

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Asia Pacific is expected to hold significant market share in the global zinc carbonate market, owing to increasing demand from emerging economies in the region. Growing cosmetic and rubber industries in India and China are expected to increase the demand for zinc carbonate and thereby aid in the market growth. Moreover, higher presence of major key players in Europe and North America is expected to boost the market growth in respective regions.

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