Press release
Zinc Sulphate Market is Set to Globally Reach US$ 3.7 Billion at 6.7% CAGR by 2033
Zinc Sulphate Market
The increased production of pesticides is anticipated to be the primary driver for the zinc sulphate market in the forecast period. Advancements in the agricultural and agrochemical sectors are expected to further stimulate market growth.
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Zinc sulphate serves as a weedicide and helps protect plants from pests, addressing the challenge of diminishing arable land by promoting weed control and enhancing crop quality and yield. Moreover, it is widely employed in the agrochemical industry to address zinc deficiencies in crops and is included in animal feeds to promote animal health. Additionally, its role as a corrosion inhibitor in wastewater treatment further expands its market applications.
These factors, combined with increasing demand across these diverse sectors, create significant growth opportunities for stakeholders in the zinc sulphate market.
Key Takeaways from Market Study
In 2022, Fact.MR reported the global zinc sulphate market size to be US$ 1.8 billion.
The global zinc sulphate market is projected to reach US$ 3.7 billion by 2033.
The anticipated CAGR for the global zinc sulphate market from 2023 to 2033 is 6.7%.
Key players in the zinc sulphate market include Balaji Industries and Changsha Haolin Chemicals Co., Ltd, among others.
China dominates zinc sulphate production globally in terms of volume.
"Surging Corrosion Inhibitors Demand for Waste Water Treatment is Likely to Drive Zinc Sulphate Market During the Assessment Period" says a Fact.MR analyst.
Key Players of Zinc Sulphate Market
Balaji Industries
Changhsa Haolin Chemicals Co., Ltd
Midsouth Chemicals
Old Bridge Chemicals
Tianjin Topfert Agrochemicial Co
Tianjin Xinxin Chemical Factory
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Market Growth Stratagems
Fluctuating energy and raw material costs have caused zinc sulphate prices to oscillate. To maintain stable supply chains, manufacturers have adjusted margins and optimized operational costs. They are now strategically managing inventories at various price points to meet fluctuating demand from end-users effectively.
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Segmentation of Zinc Sulphate Industry Research Report
By Type :
Anhydrous
Hexahydrate
Heptahydrate
Monohydrate
By Application :
Agrochemicals
Chemicals
Pharmaceuticals
Synthetic Fibers
Water Treatments
Others
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the zinc sulphate market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of type (anhydrous, hexahydrate, heptahydrate, and monohydrate), application (agrochemicals, chemicals, pharmaceuticals, synthetic fibers, water treatment, and others), and across major regions of the world (North America, Latin America, Europe, East Asia, South Asia, and Oceania, Middle East & Africa).
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