Market Research Future Published a Research Study on Zinc Chemicals Market Research Report, Size, Share and Industry Analysis – Forecast to 2023
Zinc Chemicals Industry- Updates
In March 2019, a new study found that micronutrient-fortified rice can be a great way of delivering iron and zinc into the bodies of Ghanaian children. Such efforts could become commonplace in the coming years as global hunger rears its head and governments do their best to feed their populace. The zinc chemicals market could play a key role in this movement due to the crucial role of zinc in the human body as a micronutrient.
Leading players in the global zinc chemicals market include-
- S. Zinc
- Weifang LongdaZinc Industry
- American Chemet Corporation
- Zinc Oxide LLC
- Akrochem Corporation
- Hakusuitech Co. Ltd.
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Zinc Chemicals Market- Segmentation:
The global zinc chemicals market is segmented on the basis of product type and end-user.
On the basis of type, the zinc chemicals market is segregated into zinc oxide, zinc sulfate, zinc carbonate, zinc chloride, and others. Zinc sulfate holds a dominant 30% share in the global zinc chemicals market, followed by zinc oxide and zinc chloride.
By application industry, the zinc chemicals market is segmented into rubber compounding, agriculture, glass and ceramics, paints and coatings, chemicals, food and pharmaceuticals, textiles, and others. Rubber compounding holds the dominant share in the global zinc chemicals market and is likely to remain the leading revenue generator over the forecast period.
The global zinc chemicals market is studied in great detail in the latest report from Market Research Future (MRFR). The global zinc chemicals market is profiled in order to understand key markers about it historical growth trajectory, its leading players, and major growth drivers and restraints. A comprehensive overview of the global zinc chemicals market is presented in the report for the benefit of readers interested in making moves in the global zinc chemicals market.
Zinc chemicals include zinc sulfate, zinc oxide, zinc carbonate, and zinc chloride. These are used in a wide array of end-use industries for various applications. One of the major applications of the global zinc chemicals market is rubber compounding. Zinc oxides are often used as vulcanizing agent in the manufacturing of rubber. This is a major driver for the global zinc chemicals market and is likely to drive its growth over the forecast period due to the growing demand for rubber tires from the automotive industry and the growing demand for rubber footwear. The automotive industry is likely to remain a leading end user for the zinc chemicals market over the forecast period, as tire integrity is vital for maintaining vehicles in good nick. The growing urbanization in emerging regions has also driven the footwear industry, which is likely to drive the zinc chemicals market over the forecast period.
Zinc chemicals also find widespread usage in feed additives, food, and fertilizers. This is also likely to be a major driver for the global zinc chemicals market over the forecast period due to the growth of the agriculture industry and the growing demand for enhanced, nutritive food and animal feeds.
Asia Pacific is expected to dominate the global zinc chemicals market due to the growing rubber industry, agriculture industry, and construction industry in the region.
Of the ten largest producers of rubber in the world, seven are in Asia Pacific, including Thailand, Indonesia, Vietnam, China, and India. These countries are likely to keep advancing as major rubber industry powerhouses in the coming years, driving the demand from the zinc chemicals market. The growing automotive industry in these countries is also likely to drive the rubber industry further.
Browse Key Industry insights spread across 138 pages with 44 market data tables & 11 figures & charts from the Report, “Zinc Chemicals market research report: product type (zinc oxide, zinc sulfate, zinc carbonate, zinc chloride), application (rubber compounding, agriculture, glass & ceramics, paints & coatings, food and pharmaceuticals) – Forecast till 2023” in detail along with the table of contents@ https://www.marketresearchfuture.com/reports/zinc-chemicals-market-5223
Agricultural applications of zinc chemicals are also rife in Asia Pacific due to the growing demand for effective pesticides and weed killers. The growing use of such chemicals has led to a growing demand from the zinc chemicals market in the region. The increasing pressure on the agriculture industry in the region to increase production is likely to drive the zinc chemicals market in the region over the forecast period.
Zinc chemicals are also used in paints and coatings, which has driven their usage in construction applications. The rapid growth of the construction industry in Southeast Asian economic giants such as China, Malaysia, Indonesia, Thailand, and India is likely to drive the zinc chemicals market in the region over the forecast period.
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