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Global Zinc Chemicals Market to Reach USD 12.79 Billion by 2027, Aided by Increasing Demand from End Use Industries

According to a new report by EMR titled, ‘Global Zinc Chemicals Market Report and Forecast 2022-2027’, the global zinc chemicals market attained approximately USD 9.49 billion in 2021. The market is further expected to grow at a CAGR of 5.1% in the forecast period of 2022-2027, to attain USD 12.79 billion by 2027.

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.

Market Analysis by Type, End User Industry, and Regions:

  • Based on type, the market is divided into zinc oxide, zinc sulphate, zinc carbonate, and zinc chloride, among others.
  • The leading end user industry in the market are agriculture, chemicals and petrochemicals, ceramic, pharmaceutical, paints and coatings and rubber processing, among others.
  • The regional markets for zinc chemicals include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Rising disposable income worldwide is boosting the growth of the demand for zinc chemicals.
  • Rapid urbanisation is also aiding in the market expansion.
  • The increasing evolution of the electronics industry is expected to further increase the market demand for zinc chemicals.
  • High investments across various industry verticals are expected to boost the market demand.
  • New product launches, coupled with favorable reimbursement policies, would further cater to the growth in global zinc chemicals market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global zinc chemicals market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for type, end user industry, and major regions of zinc chemicals.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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