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Global Zinc Chemicals Market 2023 Production Analysis, Industry Share, Business Growth And Forecast to 2032 | Major Players Are U.S. ZInc., Hindustan ZInc., Akrochem Corporation, Rubamin Private Limited, Weifang Longda Zinc Industry Co. Ltd
Zinc Chemicals Market
The Business Research Company's Zinc Chemicals Global Market Report 2023 identifies rapid growth of the automotive industry as the major driver for the Zinc Chemicals Market's growth in the forecast period. The automotive sector includes businesses involved in the manufacture, distribution, retail, and upkeep of automobiles. Zinc is the most crucial component in the production of automotive parts such as door lock housing, pawls, retractor gears, and pulleys for seat belt systems as well as camshaft and sensor components. It is possible to achieve strength, ductility, and malleability with this metal and its alloys which is not feasible with other materials.
The global zinc chemicals market size is expected to grow from $9.43 billion in 2022 to $9.95 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global zinc chemicals market size is expected to grow to $12.09 billion in 2027 at a CAGR of 5.0%
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Major competitors in the zinc chemicals market are U.S. ZInc., Hindustan ZInc., Akrochem Corporation, Rubamin Private Limited, Weifang Longda Zinc Industry Co. Ltd., L. Brüggemann GmbH & Co. KG, Hakusui Tech Co Ltd., American Chemet Corporation, Zochem Inc., Unique Speciality Chemicals, Pan-Continental Chemical Co. Ltd., TIB Chemicals AG, Zinc Oxide LLC, Votorantim, Seyang Zinc Technology (Huai An) Co. Ltd., Transpek-Silox Pvt. Ltd., Purity Zinc Metals, and Old Bridge Chemicals Inc.
A key trend in the Zinc Chemicals Market includes technological advancement. Major companies operating in the zinc chemicals market are focused on developing technologically advanced chemicals to strengthen their market position. For instance, in November 2021, Bimeda, an Ireland-based manufacturer, marketer, and distributor of animal health products and veterinary pharmaceuticals launched Zinc Oxide Spray, a skin-protection ointment. The Zinc Oxide Spray, which contains zinc oxide, lanolin, and allantoin, can be used on a variety of animals, including cattle, horses, sheep, goats, pigs, and dogs. The zinc oxide spray from Bimeda dries to form an air-permeable protective coating that guards against irritants like dirt, sweat, urine, moisture and wound secretions. The product can also be used as skin protection before putting plaster casts and to cover the skin around fistulas.
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The Zinc Chemicals Market is segmented -
By Type: Zinc Oxide, Zinc Sulfate, Zinc Carbonate, Zinc Chloride, Other Types
By Application: Rubber Compounding, Agriculture, Glass and Ceramics, Paints and Coatings, Chemicals, Food and Pharmaceuticals, Textiles, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Zinc Chemicals Market.
The Business Research Company's "Global Zinc Chemicals Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Zinc Chemicals Market Include:
1. Executive Summary
2. Zinc Chemicals Market Characteristics
3. Zinc Chemicals Market Trends And Strategies
4. Zinc Chemicals Market - Macro Economic Scenario
5. Zinc Chemicals Market Size And Growth
……
26. Africa Zinc Chemicals Market
27. Zinc Chemicals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Zinc Chemicals Market
29. Zinc Chemicals Market Future Outlook and Potential Analysis
30. Appendix
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