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Growing Agrochemical Production Is Set To Spike Demand For Zinc Sulphate Over The Coming Years

01-12-2022 07:14 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact MR

Future Projections better than Historical Period
From 2015 to 2019, the global zinc sulphate market exhibited a modest CAGR of 4.9%, with agrochemicals played a major role in driving demand.

Moreover, rising production of agrochemicals over the same period strengthened the prices for zinc sulphate over the same tenure of assessment.

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But in FY2020, the market stepped on the brakes, owing to demand contraction from the agrochemicals industry. Apart from the agrochemicals industry, shrinkage in demand was observed from the chemicals industry as well over Q2 and Q3 of the same year.

Despite COVID-19 being a major hurdle to zinc sulphate market growth, resurrection in demand and price normalization are set to be observed over the short-term forecast period.

Demand over the long-term forecast period could be estimated by breaking the forecast timeline into three consecutive parts.

Short-Run: Nominal growth or recovery growth is set to be observed over this term.
Medium-Run: Demand and price normalization are set to be observed over the medium-run forecast period.
Long-Run: Economic cycles and other factors such as inflation rates to have an effect on demand and pricing of the product.
All in all, the zinc sulphate market to expand at a moderate rate of close to 6% through 2030, providing a promising stance for investors in the market.

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Country-Wise Analysis
Why Does the World Eye the Zinc Sulphate Market in China?
East Asia is the largest manufacturer of zinc sulphate across the globe, and major manufacturers are especially positioned in China.

Apart from suppliers, positioning of agrochemical manufacturers in the same country will bolster demand.

Also, prices of zinc sulphate have remained stable in the region over the past half-decade. This promises a strong price stance of the product over the forecast period.

Moreover, key factors governing the zinc sulphate market are economies of scale, economies of agglomeration, and economies of density, which are set to stabilize demand for zinc sulphate over the medium-term forecast period.

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Category-wise Insights
Why is Zinc Sulphate Used ?
Zinc sulphate finds application in various medicines to treat zinc deficiency in paediatric and adult patients.

It is a known fact that the human body does not have zinc storing ability, so its regular intake is essential to maintain healthy zinc levels in the body.

Furthermore, daily zinc intake varies with age, ranging from 2-11 mg for both, males and females ranging from 0-18 years of age (based upon their age and body weight), and different regulations are in place to monitor allowed limits of zinc intake for both, paediatrics and adults.

Therefore, to overcome the zinc deficiency problem, dietary supplements of zinc are taken. These supplements contain numerous forms of zinc, namely zinc gluconate, zinc sulphate, and zinc acetate.

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Key Segments Covered of Zinc Sulphate Market
Type

Zinc Sulphate Anhydrous
Zinc Sulphate Hexahydrate
Zinc Sulphate Heptahydrate
Zinc Sulphate Monohydrate

Application

Agrochemicals
Chemicals
Pharmaceuticals
Synthetic Fibers
Water Treatment
Others

Region

North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa

Key Companies Profiled
Balaji Industries
Changhsa Haolin Chemicals Co., Ltd
China Bohigh
Gupta Agricare
Midsouth Chemicals
Old Bridge Chemicals
Rech Chemical Co Ltd.,
Tianjin Topfert Agrochemicial Co

For More Insights- https://www.einpresswire.com/article/556509410/demand-from-personal-care-cosmetic-products-to-drive-the-growth-of-solid-sericin-in-skincare

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