Report Code: A07534 | Nov 2023 | Pages: NA | ||
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Request Now !Zinc chemical is an inorganic substance that is utilized broadly in a wide range of applications. For instance, zinc chloride is used for applications such as water treatment, catalysts, production of plastic, and others. Furthermore, zinc bromide is used in the petroleum industry as a completion fluid. Moreover, zinc oxide is majorly consumed in rubbers and tires. It is an important chemical for processing of rubber, owing to its cost efficiency and effectiveness as an activator and in the vulcanization stage. Vulcanization process links the rubber chains together by forming cross-links.Â
Rapid growth of the automotive industry in regions, such as Asia-Pacific, and the growing ceramics and glass industry are the major factors that drive the market growth. The growth of the automobile sector is expected to increase the adoption of rubber in tires, thereby propelling the zinc chemical demand. However, zinc chemical substances are marginally dangerous in nature as direct contact with eyes or skin may cause irritation, heartburn, indigestion, and respiratory tract infection. Attributed to such dangers, there are some limitations presented by the European Commission (EU). This is expected to hinder the market growth during the forecast period. Â
The zinc chemical market is segmented on the basis of type, application, and region. On the basis of type, the market is sub-divided into zinc oxide, zinc carbonate, zinc sulfate, zinc chloride, and others. Zinc sulfate displays the biggest development in the horticulture sector having a different application such as farming splashes, manures, and animal feed. Various applications of zinc chemical include agriculture, rubber compounding, chemicals, pharmaceutical, glass & ceramics, paints & coatings, and others.Â
The zinc chemical market is fragmented across five major areas, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa (LAMEA). Among these, Asia-Pacific is expected to grow, owing to growth of the automotive industry, agriculture sector, and others. Rise in adoption of zinc chemicals in the electronics & semiconductors industry is anticipated to offer lucrative opportunities during the forecast period. In addition, China, Japan, South Korea, and India have huge presence of electronics and semiconductors industries.
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Zinc Chemical Market: Global Opportunity Analysis and Industry Forecast 2020–2027 Report Highlights
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Key Market Players | Akrochem Corporation, Rubamin, Boliden Group, EverZinc Canada (GHC), Votorantim, Nyrstar, Hakusui Tech Co. Ltd, Bruggemann GmbH & Co. KG., U.S. Zinc, Weifang Longda Zinc Industry Co. Ltd., Hindustan Zinc, American Chemet Corporation, Zochem, Inc. |
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