Zinc Chemicals Market Segmentation:
By Type (Zinc Metal, Zinc Oxide, Zinc Cyanide, Zinc Telluride, Zinc Selenide, Zinc Sulphate, Zinc Borate, Zinc Phosphate, Zinc Chloride, Others); By Application (Agriculture, Rubber, Automotive, Chemicals, Construction Materials, Ceramic, Personal Care, Research & Educational Institutes, Pharmaceuticals); By Region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa); End-use Landscape; Vendor Landscape and Competitor Analysis
Zinc Chemicals Market Insights
The global zinc chemicals market is expected to grow at a lucrative CAGR over the coming years. Increasing modernization and urbanization have contributed significantly towards the growth in residential and non-residential sectors globally, thereby increasing the demand for zinc chemicals. Also, growing use of zinc chemicals in galvanizing steel products coupled with its increased application in the construction sector is further likely to propel the market growth over the projected period.
However, exposure to zinc oxide might cause specific short-term diseases such as metal fume fever and other health related issues. These factors are likely to hinder the market growth over the projected period. Nonetheless, recent developments in infrastructure along with growing investments in the construction industry are likely to boost the demand for galvanized products, thus contributing to the overall market growth.
Zinc Chemicals Market: Type Insights
The global zinc chemicals market is segmented into zinc metal, zinc oxide, zinc cyanide, zinc telluride, zinc selenide, zinc sulphate, zinc borate, zinc phosphate, and zinc chloride among others, based on products. Zinc oxide segment is projected to grow at a substantial rate due to its increased application in cosmetics and pharmaceuticals industry. Zinc produces a wide range of zinc fines which is used as an active ingredient in agricultural fertilizers.
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Zinc Chemicals Market: Application Insights
The global zinc chemicals market is segmented into agriculture, rubber, automotive, chemicals, construction materials, ceramic, personal care, research & educational institutes, pharmaceuticals, based on application.
Automobile industry is likely to account for the largest market share over the forecast period as zinc chemicalsare extensively used in the manufacturing of tires and tubes.
Personal care segment is also likely to grow at a considerable rate over the coming years. This growth is attributed to a number of benefits associated with it including high resistance against dangerous ultraviolet radiations.
Besides this, zinc chemicals also find its application in a number of industries such as Pharmaceuticals, Ceramic, and Construction among others
Zinc Chemicals Market: Regional Insights
Asia- Pacific is projected to grow at a flourishing CAGR over the forecast period attributing to increasing number of construction and automobile industries, particularly in China. Also, rising demand for zinc chemicals as fertilizers is further likely to propel the overall regional growth.
Europe is also likely to account for significant market share over the coming years due to presence of a large number of automobile industries. The demand for zinc chemical is projected to grow rapidly in North America owing to strong regional pharmaceutical industry.
Zinc Chemicals Market: End-Use Landscape
The end-use landscape includes a list of current and prospective consumers existing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from the global zinc chemicals market. The major consumers of the product are Ford, General Motors, and Toyota among others.
Zinc Chemicals Market: Competitor Analysis
Some of the leading players profiled in the zinc chemicals market include Rubamin, Zinc Oxide LLC, U.S. Zinc, Zinchem,The Dow Chemical Company, Votorantim Group., Horsehead Holding LLC, Toho Zinc Co., Ltd., Zinc Nacional S.A., Uttam Industries, Pan-Continental Chemical Co., Ltd., Arabian Zinc Oxide Factory, Umicore and American Chemet Corporation among others.
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