Zinc chemicals market will reach an estimated valuation of USD 15.61 Billion by 2027, while registering this growth at a rate of 5.60% for the forecast period of 2020 to 2027. Zinc chemicals are inorganic compounds manufactured from two different processes such as direct and indirect.
Major Market Competitors: Global Zinc Chemicals Market
Some of the major players in zinc chemicals market Akrochem, American Chemet Corporation, Bruggemannchemical, GHC, Hakusuitech, Numinor, Pan-Continental Chemical, Rech Chemical
Rubamin, Seyang Zinc Technology, Toho Zinc, Transpek-Silox, US Zinc, Uttam Industries, Weifang Longda Zinc Industry, Zinc Oxide Llc and many more.
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Zinc oxide produced by the indirect process is pure than that through the direct process. There is a growing demand for zinc chemicals in rubber compounding, agriculture, glass & ceramics, paints & coatings, chemicals, food & pharmaceuticals and textiles activates, which is expected to be one of the major drivers of the market over the next seven years.
Market Segmentation: Global Zinc Chemicals Market
The zinc chemicals market is segmented on the basis of type into zinc oxide, zinc sulfate, zinc carbonate, zinc chloride and others.
- On the basis of application, the market is segmented into rubber compounding, agriculture, glass & ceramics, paints & coatings, chemicals, food & pharmaceuticals, textiles and others.
- On the basis of geography, the zinc chemicals market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
Competitive Landscape: Global Zinc Chemicals Market
The global zinc chemicals market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Major Market Drivers:
- Growth in Automotive sector in Asia-Pacific
- Demand for zinc chemicals in the agriculture industry
- Growing glass & ceramics sector
Market Restraint:
- Falling usage of zinc chemicals in paints & coatings
- High prices of zinc chemicals
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