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Zinc Chemicals Market Size, Share, Business Strategies, Opportunities And Forecast To 2033

06-12-2024 07:56 AM CET | Chemicals & Materials

Press release from: The Business research company

Zinc Chemicals Market Size

Zinc Chemicals Market Size

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Zinc Chemicals Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $13.07 billion In 2028 At A CAGR Of 5.8%.

The zinc chemicals market size has grown strongly in recent years. It will grow from $9.88 billion in 2023 to $10.45 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to galvanization in construction, automotive industry demand, battery manufacturing, pharmaceuticals and health products, increased applications in textile industry.

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.

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Zinc Chemicals Market Major 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 Driver - 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.

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Prominent Trend - 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.

Zinc Chemicals Market Players
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.

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https://www.thebusinessresearchcompany.com/report/zinc-chemicals-global-market-report

Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the zinc chemicals market in 2023. North America is expected to be the fastest-growing region in the zinc chemicals market report during the forecast period. The regions covered in the zinc chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Zinc Chemicals Market Report Structure
3. Zinc Chemicals Market Trends And Strategies
4. Zinc Chemicals Market - Macro Economic Scenario
5. Zinc Chemicals Market Size And Growth
…..
27. Zinc Chemicals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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