Press release
Strategic Forecast for the Zinc Chemicals Industry: Market Outlook 2025-2034
Zinc Chemicals Market Size
Zinc Chemicals Market Size Growth Forecast: What to Expect by 2025?
The zinc chemicals market size has grown strongly in recent years. It will grow from $10.38 billion in 2024 to $10.93 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to galvanization in construction, automotive industry demand, battery manufacturing, pharmaceuticals and health products, increased applications intextile industry.
How Will the Zinc Chemicals Market Size Evolve and Grow by 2029?
The zinc chemicals market size is expected to see strong growth in the next few years. It will grow to $14.08 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. 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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What Drivers Are Propelling the Growth of Zinc Chemicals Market Forward?
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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Which Emerging Trends Are Transforming the Zinc Chemicals Market in 2025?
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 July 2024, Hindustan Zinc, an Indian mining and resources producer of zinc, silver, lead, and cadmium, launched its new low-carbon zinc brand, EcoZen, which represents Asia's first low-carbon zinc product for the global market. Certified through a life cycle assessment (LCA) by a leading global sustainability consultancy, EcoZen boasts a carbon footprint of less than one ton of carbon equivalent per ton of zinc produced. EcoZen combines eco-consciousness with quality, offering a sustainable product that boasts one of the lowest global warmings potentials (GWP) values-approximately 75% lower than the global average.
What Are the Key Segments in 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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Who Are the Key Players Shaping the Zinc Chemicals Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Zinc Chemicals Market?
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
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