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Zinc Carbonate Market - Global Industry Analysis By 2024
Zinc Carbonate Market
Zinc carbonate is useful in transparent rubber mixtures along with other chemical processes. Furthermore, typical fungicide and antiseptic properties of zinc has provided applications of zinc carbonate in personal care and household. Zinc carbonate is used as a curing agent in rubber compounds; furthermore, zinc carbonate is used as accelerator activator for translucent, transparent and brightly pigmented rubber material. Zinc carbonate is used in petroleum and chemical fertilizer industries as the key material of the desulfurizer and catalyst. Owing to all such benefits, zinc carbonate is growingly used in end-user industries such as cosmetic industries, and rubber industries across the globe. The major driving factor for zinc carbonate is its application in cosmetic industry. The rising demand of cosmetic product would play a vital role for the zinc carbonate market in the years to come.
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Asia Pacific is projected to be the fastest growing market for zinc carbonate in the next six years. The main reason for this is the growing demand for cosmetic and rubber market from developing countries such as China and India. Moreover, Africa, South America and the Middle East countries are showing rapid economic and industrial growth since the last few years. All such factors are eventually creating a positive prospect for the global industrial scenario. Considering this prospect, rubber related industries are anticipated to record an incredible growth in the coming years. There is a tremendous market potential for the cosmetic and rubber, especially for the personal and household uses in the countries such as China and India.
Rising population of the developing countries coupled with the increasing disposable income and growing purchase parity of the consumers is driving the automotive market in these countries. Due to this, the demand for zinc carbonate in the cosmetic and rubber industry is anticipated to grow at an outstanding rate in the next few years. The application of zinc carbonate ranges in various industries which will indulge the companies operating in zinc carbonate segment to develop more cost effective product.
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The key players operating in the zinc carbonate market are largely focusing on these growing economies in order to tap the market potential. The major companies in the zinc carbonate market are installing robust manufacturing facilities in these developing countries to fulfill the rapidly rising domestic demand. Therefore, the global zinc carbonate market is expected to experience a significant growth in the future.
Some of the major companies operating in the global zinc carbonate market are Bruggemann Chemical, M-I Swaco a Schlumberger company, Global Chemical Co., Ltd., Yanggu Zhongtian Zinc Industrial Co., Ltd., Chengdu XiYa Chemical Technology Co., Ltd., Alfa Aesar, VWR International, LLC, HBCChem, Inc., and Spectrum China Ltd.
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