Global Inorganic Zinc Chemicals Market growing at a CAGR of 5.2% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Jun 2023 | Type : Press Release
Key Market Overview
The inorganic zinc chemicals market is expected to gain significant growth in the forecast period of 2023 to 2030. Consegic Business Intelligence analyzes that the market was 7,413.71 million in 2022 and is expected to reach the market size of USD 11,056.04 million in 2030 with a compound annual growth rate of 5.2%.
The report highlights the increasing adoption of inorganic zinc chemicals in the agriculture industry which is proliferating the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the inorganic zinc chemicals market.
Global Inorganic Zinc Chemicals Market By Overview
The inorganic zinc chemicals market is bifurcated into form, type, application, and end use industry. Based on form the market is segmented into powder and solution. In 2022, the powder segment dominated the overall inorganic zinc chemicals market. Based on type the market is classified into zinc chloride, zinc oxide, zinc sulfate, zinc sulfide, and others. In 2022, the zinc oxide segment dominated the overall inorganic zinc chemicals market The application segment is divided into fertilizers, lubricants, dyes, ointments, wood preservatives, die casting alloys, coatings, chemical intermediates, API, and others. In 2022, the fertilizers segment accounted for the highest market share in the inorganic zinc chemicals market. The end use industry segment is categorized into automotive, agriculture, paints & coatings, chemicals, rubber, pharmaceuticals, personal care & cosmetics, and others. In 2022, the agriculture segment accounted for the highest market share in the inorganic zinc chemicals market.
Get Free SampleMarket Dynamics
Driver:
- Growing demand for zinc chemicals from the agriculture industry as fertilizers to enhance crop productivity and soil health is driving the market growth.
- Growing adoption of inorganic zinc chemicals in various end use industries such as rubber, automotive, and paints & coatings and among others is contributing to the growth of the market.
Restraints:
- Stringent government regulation related to the use of zinc chemicals is likely to hinder the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Form | Powder and Solution |
| By Type | Zinc Chloride, Zinc Oxide, Zinc Sulfate, Zinc Sulfide, and Others |
| By Application | Fertilizers, Lubricants, Dyes, Ointments, Wood Preservatives, Die Casting Alloys, Coatings, Chemical Intermediates, API, and Others |
| By End Use Industry | Automotive, Agriculture, Paints & Coatings, Chemicals, Rubber, Pharmaceuticals, Personal Care & Cosmetics, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such EverZinc, TIB Chemicals AG, Weifang Longda Zinc Industry Co. Ltd, and Rubamin have a strong market position in current market circumstances. Further, the Inorganic Zinc Chemicals market is expected to witness significant growth in coming years due to increasing demand for additives from various end use industries such as rubber, chemicals, and paints & coatings, among others. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in inorganic zinc chemicals are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- EverZinc
- TIB Chemicals AG
- Weifang Longda Zinc Industry Co. Ltd
- Rubamin
- ZINC OXIDE LLC
- Hakusuitech Co. Ltd.
- Merck KGaA
- Tata Chemicals Ltd.
- TOHO ZINC CO., LTD.
- Zinc Nacional S.A.
- ARIHANT SOLVENTS AND CHEMICALS
