How Has the Zinc Chemicals Market Evolved Historically and What is its Current Size?
The zinc chemicals market has seen considerable growth due to a variety of factors.
• There has been a substantial growth in the size of the zinc chemicals market in the past few years. Its size is projected to increase from a value of $10.38 billion in 2024 to $10.93 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. Factors contributing to this growth in the historic period include its use in construction galvanization, demand from the automotive sector, battery production, in pharmaceuticals and health products, and expanding use in the textile industry.
What Does Future Hold for The Zinc Chemicals Market Size In The Coming Years?
The Zinc Chemicals market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the zinc chemicals market is predicted to witness a robust growth. It is set to escalate to $14.08 billion in 2029, with a compound annual growth rate (CAGR) of 6.5%.
This growth during the predicted period can be linked to the surge in renewable energy, applications in water treatment, widespread agricultural practices, need for anti-corrosive coatings, growing recognition of the benefits of zinc, and an upswing in demand from end-use industries. Major projected trends include technological advancements in manufacturing, improvements in battery technology, smart farming practices, development in pharmaceutical formulations, market mergers and tactical alliances.
What Are The Primary Growth Drivers In The Zinc Chemicals Market?
The zooming expansion of the automobile sector is predicted to fuel the progress of the zinc chemicals market. The automobile industry comprises businesses engaged in the production, distribution, retail, and maintenance of vehicles. Zinc stands as the most significant element in the manufacturing of car components such as door lock casings, pawls, retractor gears, seat belt system pulleys, and sensor and camshaft parts. The use of this metal and its alloys allow for strength, ductility and malleability that can't be achieved with different materials. As per a report by Zippia Inc., an American virtual recruitment firm, the production market of cars and automobiles in the US will amount to $100.9 billion in 2022, accounting for 9.2 million US vehicles in 2021. Moreover, as of 2021, the motor vehicle and parts industry in the US fetched a revenue of $1.53 trillion. Therefore, the meteoric rise of the automobile sector is steering the growth of the zinc chemicals market forward.
What Is The Segmentation Of The Global Zinc Chemicals Market?
The zinc chemicals market covered in this report is segmented –
1) By Type: Zinc Oxide, Zinc Sulfate, Zinc Carbonate, Zinc Chloride, Other Types
2) By Application: Rubber Compounding, Agriculture, Glass And Ceramics, Paints And Coatings, Chemicals, Food And Pharmaceuticals, Textiles, Other Applications
Subsegments:
1) By Zinc Oxide: Regular Zinc Oxide, Nano Zinc Oxide
2) By Zinc Sulfate: Heptahydrate Zinc Sulfate, Monohydrate Zinc Sulfate
3) By Zinc Carbonate: Basic Zinc Carbonate, Zinc Carbonate Hydroxide
4) By Zinc Chloride: Anhydrous Zinc Chloride, Hexahydrate Zinc Chloride
5) By Other Types: Zinc Acetate, Zinc Citrate, Zinc Phosphate
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What Emerging Trends Are Shaping The Zinc Chemicals Market Landscape?
The rise in technological innovation is currently the most influential trend in the zinc chemicals sector. Major industry players are endeavoring to create highly advanced chemicals to consolidate their stronghold in the market. An illustrative case is from July 2024 when Hindustan Zinc, a notable producer of zinc, silver, lead, and cadmium based in India, revealed its new low-carbon zinc brand, EcoZen. This milestone product proudly stands as Asia's pioneering low-carbon zinc offering for the international market. Verified via a life cycle assessment (LCA) executed by a premier global sustainability consulting agency, EcoZen prides itself on a carbon footprint of under one ton of carbon equivalent for every ton of zinc produced. EcoZen expertly integrates environmental responsibility with supreme quality, delivering a sustainable product that flaunts one of the minimum global warming potentials (GWP) values—a significant 75% reduction on the worldwide average.
Who Are the Key Players In The Zinc Chemicals Market?
Major companies operating in the zinc chemicals market include:
• U.S. Zinc Corp.
• Akrochem Corporation
• American Chemet Corporation
• Hindustan Zinc Ltd.
• L. Brüggemann GmbH & Co. KG
• Old Bridge Chemicals Inc.
• Pan-Continental Chemical Co. Ltd.
• Purity Zinc Metals LLC
• Rubamin Private Limited
• Seyang Zinc Technology Co. Ltd.
• TIB Chemicals AG
• Unique Specialty Chemicals
• Votorantim SA
• Weifang Longda Zinc Industry Co. Ltd.
• Zinc Oxide LLC
• Zochem Inc.
• Glencore plc
• Vedanta Resources Limited
• Trevali Mining Corporation
• MMG Limited
• Zinc Industrias Nacionales S.A.
• ZincOne Resources Inc.
• ZincFive Inc.
• Teck Resources Limited
• Bruggemann Chemical US Inc.
• Chemetall GmbH
• Chemtrade Refinery Services Inc.
• EMD Performance Materials Corp.
• G.H. Chemicals Limited
• Global Chemical Co. Ltd.
• Grillo-Werke AG
• Hubei Hongyuan Pharmaceutical Technology Co. Ltd.
• Hunan Jingshi Group Co. Ltd.
• Jost Chemical Co.
• KVB Processors Pvt. Ltd.
• PMC Group Inc.
• Shepherd Chemical Company
• Umicore NV
• Zinc Nacional SA
What Are The Regional Insights Into The Zinc Chemicals Market?
Asia-Pacific was the largest region in the zinc chemicals market in 2024. North America is expected to be the fastest-growing region in the zinc chemicals market report during the forecast period. The regions covered in the zinc chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
