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Global Zinc Chemicals Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Zinc Chemicals
What Is the Projected Growth of the Zinc Chemicals Market?
The market size of zinc chemicals has seen considerable growth in the past few years. The forecast suggests an increase from $10.38 billion in 2024 to $10.93 billion in 2025, with a compound annual growth rate (CAGR) of 5.4%. The significant growth during the historic period is linked to its use in galvanization in construction, demand from the automotive industry, battery production, pharmaceuticals and health-related products, along with a rise in applications in the textile industry.
The market size for zinc chemicals is projected to experience robust expansion in the forthcoming years, escalating to $14.08 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 6.5%. The surge during the predicted period is due to numerous factors including the rise in renewable energy, the necessity for water treatment, expansion in agriculture methods, the demand for anti-corrosion coatings, increasing understanding of the advantages of zinc, and the climbing demand in various end-use industries. Significant trends during the projection period encompass technological progression in production, improvements in battery technology, the adoption of intelligent agriculture practices, development in pharmaceutical formulations, market amalgamation, and strategic collaborations.
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What Are the Emerging Segments Within the Zinc Chemicals Market?
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
Subsegments:
1) By Zinc Oxide: Regular Zinc Oxide, Nano Zinc Oxide
2) By Zinc Sulfate: Heptahydrate Zinc Sulfate, Monohydrate Zinc Sulfate
3) By Zinc Carbonate: Basic Zinc Carbonate, Zinc Carbonate Hydroxide
4) By Zinc Chloride: Anhydrous Zinc Chloride, Hexahydrate Zinc Chloride
5) By Other Types: Zinc Acetate, Zinc Citrate, Zinc Phosphate
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What Long-Term Drivers Are Shaping Zinc Chemicals Market Trends?
The zinc chemicals market is anticipated to expand owing to the booming automotive industry. This sector comprises companies that manufacture, distribute, retail, and maintain motor vehicles. The crucial ingredient in the creation of car parts like door lock housings, pawls, retractor gears, seat belt system pulleys, and components for camshafts and sensors is zinc. This metal and its alloys offer strength, ductility, and malleability that other materials can't provide. Zippia Inc., a US online job service firm, revealed that in 2022, the market for car and automobile production in the US will be valued at $100.9 billion, having produced 9.2 million vehicles in 2021. Furthermore, the motor vehicle and parts industry in the US generated a revenue of $1.53 trillion in 2021. Consequently, the burgeoning automotive industry is fueling the growth of the zinc chemicals market.
Who Are the Top Competitors in Key Zinc Chemicals Market Segments?
Major companies operating in the zinc chemicals market include 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, 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., 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., PMC Group Inc., Shepherd Chemical Company, Umicore NV, Zinc Nacional SA
What Zinc Chemicals Market Trends Are Gaining Traction Across Different Segments?
The zinc chemicals market is seeing an increasing trend towards technological innovation. Many of the major players in this market are striving to create technologically superior chemicals to bolster their market standing. For instance, Hindustan Zinc, a well-known Indian zinc, silver, lead, and cadmium mining and resources company, introduced their environmentally friendly low-carbon zinc brand, EcoZen, in July 2024. This product is hailed as Asia's first low-carbon zinc offering for the international market. EcoZen, certified through a life cycle assessment (LCA) by a world-renowned sustainability consultancy, advertises a carbon footprint below one ton of carbon equivalent for each ton of zinc produced. This blend of environmental responsibility and quality makes EcoZen a sustainable choice, boasting one of the world's lowest global warming potentials (GWP) at approximately 75% less than the global average.
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Which Regions Are Becoming Hubs for Zinc Chemicals Market Innovation?
Asia-Pacific was the largest region in the zinc chemicals market in 2024. 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Zinc Chemicals Market?
2. What is the CAGR expected in the Zinc Chemicals Market?
3. What Are the Key Innovations Transforming the Zinc Chemicals Industry?
4. Which Region Is Leading the Zinc Chemicals Market?
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