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The growing demand for chemicals from the agriculture industry, expansion of the ceramics and glass industry, and rising usages of the product in cosmetics and personal care products are some of the factors that would likely boost the market's growth in the forecast period. On the other hand, the wound healing and anti-inflammatory qualities of zinc sulphate will expand its use in the treatment of skin disorders, opening up new prospects for the zinc chemicals market over the projected period. The expanding need for high-quality cosmetics and personal care items, along with the growing demand for paints and coatings, will boost regional product consumption. Automobile sales, on the other hand, are increasing as consumers' disposable income levels rise. Therefore, the industry will see robust growth due to increasing demand for paints and coatings from automotive, construction, and other end-users. In addition, zinc chloride, zinc oxide, zinc carbonate, zinc sulphate, and other zinc salts are available on the market. The widespread usage of these chemicals in a variety of industrial and household items is boosting the global zinc chemicals industry.
Market participants are projected to increase production capacity or open new manufacturing units in anticipation of rising product demand across various sectors. Many manufacturers and suppliers are also using acquisitions, mergers, and strategic alliances to increase their product range and strengthen their market position. For example, EverZinc acquired G.H.C, a Canadian manufacturer and exporter of French Process zinc oxide products, in January 2019. EverZinc's acquisition of GHC appears to be a game-changing move since it delivers product and market expansion through essential facilities in Quebec.
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The major players in the global zinc chemicals market are Akrochem Corporation, Everzinc Group SA, American Chemet Corporation, Pan-Continental Chemical Co., Ltd., and TIB Chemicals AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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