Report Code: A09020 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Zinc Sulfate Market
Request Now !Zinc sulfate is an inorganic compound known by the formula ZnSO4. Zinc sulfate is a colorless, fragrance-free, and crystalline solid. It was known as calamine or white vitriol. It is easily soluble in water with its aqueous solution, being acidic and slightly soluble in ethanol and glycerol. It exhibits non-oxidizing, non-flammable, and non-combustible properties. It holds the first place of the 12th group in the periodic table. It is used in various end-user industries such as agriculture, automotive, glass & ceramics, and paints & varnishes.Â
The novel coronavirus (COVID-19) outbreak has declined the economic growth of countries across the world. Change in consumer behavior may affect the zinc sulfate market growth. COVID-19 is disrupting some activities in agriculture and supply chains. Unavailability of migrant labors and inability to access markets due to logistic issues are interrupting harvesting activities. Prices have declined for wheat, vegetables, and other crops, yet consumers are often paying more. Its impact on agriculture is complex and varied across diverse segments that form the agricultural value chain. Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap. Thus, insufficiency in raw material supply is expected to hamper the production rate of zinc sulfate, which negatively impact the market growth.
Zinc (Zn) is a crucial mineral for human, animal, and plant nutrition. Zinc is also found naturally in the environment, food, and water. It is used as a raw material for manufacturing latex products, desulphurization process, and pigment lithopone. Zinc sulfate is an herbicide normally used for moss control. Thus, increasing demand for zinc sulfate from the agricultural industry and rising demand in healthcare industries drive the growth of the zinc sulfate market. Moreover, zinc sulfate is broadly used in the agricultural industry as a fertilizer additive to prevent zinc deficiency in crops.Â
However, certain constraints that hamper the growth of market include increase in prices of zinc, which will affect the demand and supply equilibrium of the global zinc chemicals market. Moreover, the unavailability of raw materials increases the operational costs and cost of products in the market.
Zinc sulfate is used as raw material for manufacturing liquid products, desulphurization process, and color lithopone. Zinc sulfate is an herbicide typically used for moss control.Â
Rama Phosphates launched new product zinc sulfate mono-hydrate (micronutrient) under the brand name Girnar Zinc Gold. It is used for oil seed crops, paddy, and sugarcane and also for vegetables & fruits in small quantity as per the requirement.
Zinc sulfate is used in the form of dietary supplement to treat zinc deficiencies in human. Furthermore, it is used as a fertilizer and agricultural sprays to treat zinc deficiency in crops and improve soil nutrient value. It has several applications in chemical industry where it is used as a mordant in coloring, electrolyte for zinc plating, coagulant in production of rayon (synthetic fiber), and clarifying glue and as a substance for analytical chemistry. Companies have implemented approaches such as agreements & contracts to improve their current customer base in the global zinc chemicals market.Â
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Zinc Sulfate Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Akrochem, Ravi Chem Industries, American Chemet Corporation, GHC, Balaji Industries, Numinor, WeifangLongda Zinc Industry, Tianjin Xinxin Chemical Factory, Alpha Chemicals, US Zinc, Zinc Oxide LLC, Unique Speciality Chemicals, Zinc Nacional, Rubamin, Bruggemann Chemical |
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