Press release
Zinc Chemicals Global Market Set to Skyrocket to $13.07 Billion By 2028 with an Impressive CAGR 5.8% | TIB Chemicals AG, Zinc Oxide LLC, Zochem Inc., Glencore PLC, MMG Limited
Zinc Chemicals Global Market
The zinc chemicals market size is expected to see strong growth in the next few years. It will grow to $13.07 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to rise in renewable energy, water treatment applications, expansion of agriculture practices, demand for anticorrosive coatings, growing awareness of zinc benefits, increasing demand in end-use industries.. Major trends in the forecast period include technological advancements in production, advancements in battery technology, smart agriculture practices, advancements in pharmaceutical formulations, market consolidation and strategic alliances..
Market Overview -
Zinc (Zn), chemical element, a low-melting metal of group 12 (IIb, or zinc group) of the periodic table, that is essential to life and is one of the most widely used metals for galvanizing iron. Zinc is of considerable commercial importance.
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The Role Of The Automotive Boom In Propelling The Zinc Chemicals Market
The rapid growth of the automotive industry is expected to drive the zinc chemicals market. 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. For instance, according to Zippia Inc., a US-based online recruitment services company, in 2022, the US market for the production of cars and automobiles will be worth $100.9 billion overall producing 9.2 million US vehicles in 2021. Also, as of 2021, the motor vehicle and parts industry in the United States generated $1.53 trillion in revenue. Therefore, the rapid growth of the automotive industry is driving the growth of the zinc chemicals market.
Competitive Landscape -
Major companies operating in the zinc chemicals market report are U.S. Zinc Corp., Akrochem Corporation, American Chemet Corporation, Hindustan Zinc Ltd., L. Brüggemann GmbH & Co. KG, Old Bridge Chemicals Inc., Pan-Continental Chemical Co. Ltd., Purity Zinc Metals LLC, Rubamin Private Limited, Seyang Zinc Technology Co. Ltd., TIB Chemicals AG, Transpek-Silox Pvt. Ltd., Unique Specialty Chemicals, Votorantim SA, Weifang Longda Zinc Industry Co. Ltd., Zinc Oxide LLC, Zochem Inc., Glencore plc, Vedanta Resources Limited, Trevali Mining Corporation, MMG Limited, Zinc Industrias Nacionales S.A., ZincOne Resources Inc., ZincFive Inc., EverZinc Belgium SA, Teck Resources Limited, Bruggemann Chemical US Inc., Chemetall GmbH, Chemtrade Refinery Services Inc., EMD Performance Materials Corp., G.H. Chemicals Limited, Global Chemical Co. Ltd., Grillo-Werke AG, Hubei Hongyuan Pharmaceutical Technology Co. Ltd., Hunan Jingshi Group Co. Ltd., Jost Chemical Co., KVB Processors Pvt. Ltd., Numinor Ltd., PMC Group Inc., Shepherd Chemical Company, Umicore NV, Zinc Nacional SA .
Technological Advancements Steer The Zinc Chemicals Market Toward New Horizons
Technological advancement is the key trend gaining popularity in the zinc chemicals market. 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 such as 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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Key Segments -
The zinc chemicals market covered in this report is segmented -
1) By Type: Zinc Oxide, Zinc Sulfate, Zinc Carbonate, Zinc Chloride, Other Types
2) By Application: Rubber Compounding, Agriculture, Glass and Ceramics, Paints and Coatings, Chemicals, Food and Pharmaceuticals, Textiles, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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