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Zinc Acetate Market Revenue Growth, Regional Share Analysis and Forecast Till 2030

11-29-2023 01:54 PM CET | Health & Medicine

Press release from: Allied Market Research

Zinc Acetate Market

Zinc Acetate Market

The global zinc acetate industry generated $138.3 million in 2020, and is anticipated to generate $229.0 million by 2030, witnessing a CAGR of 5.2% from 2021 to 2030. Allied Market Research published a report, titled, "Zinc Acetate Market by Form (Dihydrate and Anhydrous) and Application (Dietary & Medicine, Analytical Reagent, Wood Preservative, Chemical, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030".

Download Sample Report in PDF @: https://www.alliedmarketresearch.com/request-sample/15843

Prime determinants of growth:

Use of zinc acetate for medicines & astringents, expansion of animal feed market, and surge in demand for wood preservation chemicals drive the growth of the global zinc acetate market. However, availability of other zinc based alternatives hinders the market growth. On the other hand, rise in use of zinc acetate in other applications presents new opportunities in the coming years.

Leading Market Players

Celtic Chemicals

Fengchen Group Co. Ltd.

GFS Chemicals Inc.

Jost Chemical Co.

Kerry Group Plc.

Merck KGaA

Thermo Fisher Scientific

TIB Chemicals AG

FUJIFILM Corporation

Spectrum Chemical

Covid-19 Scenario

The outbreak of the COVID-19 pandemic has had a positive impact on the growth of the global zinc acetate market.

The pandemic has led to a steep increase in demand for zinc based supplements, thus boosting the global zinc acetate market.

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The dihydrate segment to maintain its leadership status throughout the forecast period

Based on form, the dihydrate segment held the highest market share in 2020, accounting for more than two-thirds of the global zinc acetate market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 5.4% from 2021 to 2030, owing to its wide range of applications such as dietary products, medicines, and chemicals.

The dietary & medicine segment to maintain its lead position during the forecast period

Based on application, the dietary & medicine segment accounted for the largest share in 2020, contributing to nearly two-thirds of the global zinc acetate market, and is projected to maintain its lead position during the forecast period. Moreover, the same segment is expected to portray the largest CAGR of 5.4% from 2021 to 2030. The segment includes the use of zinc acetate as a feed and food additive for making supplements, animal feed, capsules, tablets, astringents, and lozenges.

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Asia-Pacific, followed by North America, to maintain its dominance by 2030

Based on region, Asia-Pacific, followed by North America, held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global zinc acetate market. Moreover, the same region is expected to witness the fastest CAGR of 6.0% during the forecast period. This is attributed to the fact that the countries such as India and China have presence of large big base for supplements and animal feed.

For More Details: https://www.prnewswire.com/news-releases/zinc-acetate-market-to-garner-229-0-million-globally-by-2030-at-5-2-cagr-says-allied-market-research-301488405.html

More Related Reports:

Amyl Acetate Market : https://www.alliedmarketresearch.com/amyl-acetate-market-A06752

Glycerol diacetate Market : https://www.alliedmarketresearch.com/glycerol-diacetate-market-A13661

Access Full Summary @ https://www.alliedmarketresearch.com/zinc-acetate-market-A15474

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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