Luton, Bedfordshire, United Kingdom, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final csopy of the detailed research report on the Zinc Chemicals Market.
The Zinc Chemicals Market size is estimated at 5.12 Million tons in 2023 and is expected to reach 7.34 Million tons by 2033, growing at a CAGR of 3.67% during the forecast period (2024-2029).
The automotive and tyre sectors drove demand in the short term during the COVID-19 epidemic, which had a substantial influence on the worldwide zinc chemicals industry. However, it is anticipated that health concerns and dangers related to compounds based on zinc may impede market expansion. But in the upcoming years, the market will have a lot of potential due to new research and technology developments in zinc nanoparticles for cancer detection, imaging, and therapy. Since then, the market has recovered to its pre-pandemic levels.
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Zinc Chemicals Market Trends
Dominance of the Rubber Processing Segment
The rubber processing segment is anticipated to dominate the Zinc Chemicals Market, driven by substantial consumption in galvanization and tire manufacturing. Zinc chemicals, particularly zinc oxide, play a crucial role in tire production, which is integral to the automotive industry. The increasing demand for automobiles, including the growing popularity of electric vehicles, is expected to significantly boost the consumption of zinc chemicals.
- Tire and Tube Manufacturing: Zinc chemicals are essential in the manufacturing of tires and tubes for automobiles. The burgeoning automotive industry is projected to augment the demand for zinc chemicals in the near future.
- Industry Growth and Production: According to the International Rubber Study Group (IRSG), global natural rubber production saw a positive increase of 5.4% in 2021, reaching 13.770 million tons, up from 13.065 million tons in 2020. The global demand for rubber in 2021 increased by 9.4% year-over-year, surpassing pre-pandemic levels with a total of 29.57 million tons. This rebound was primarily driven by pent-up demand from both tire and non-tire sectors, particularly in the first half of 2021.
- Regional Demand: The Asia-Pacific region, including countries like China, India, Japan, South Korea, and Thailand, stands out as a major producer of automobiles. Consequently, the demand for zinc chemicals from this region is projected to increase during the forecast period.
The rubber processing segment is poised to lead the Zinc Chemicals Market due to its pivotal role in tire manufacturing and galvanization processes. The automotive industry's growth, coupled with the increasing adoption of electric vehicles, underscores the significance of zinc chemicals in enhancing tire performance and longevity. The robust production and demand trends, particularly in the Asia-Pacific region, further reinforce the market's positive outlook.
Asia-Pacific Region to Dominate the Zinc Chemicals Market
Dominance of the Asia-Pacific Region
The Asia-Pacific region is poised to dominate the Zinc Chemicals Market, driven by extensive applications of zinc chemical derivatives across various sectors, including rubber processing, chemical processing, and agriculture.
- China: As a global hub for chemical processing, China accounts for a significant portion of worldwide chemical production.
- India: India boasts 40 tire manufacturers and approximately 6,000 non-tire manufacturers producing seals, conveyor belts, and extruded and molded rubber profiles for automotive, railway, defense, aerospace, and other applications.
- China and India: Both countries are witnessing increased demand for zinc chemicals due to the burgeoning agrochemical industry and robust economic growth.
- Japan: Japan's rubber industry is one of the largest globally, particularly in tire production. According to the Japan Automobile Tyre Manufacturers Association, the country consumed about 1.01 million tons of rubber in 2021, with synthetic rubber accounting for 402,597 tons. Japan ranks third globally in rubber material consumption, only behind China and the United States.
Overall, the market trends in these key countries are expected to drive the demand for zinc chemicals in the Asia-Pacific region during the forecast period.
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Regional Analysis of the Zinc Chemicals Market
North America
The North American Zinc Chemicals Market is projected to grow steadily, driven by applications in agriculture, construction, and automotive sectors. The region's robust agricultural industry, coupled with increasing demand for fertilizers, particularly zinc sulfate, supports market growth. Additionally, the construction and automotive sectors' need for high-quality coatings and rubber products further propels the demand for zinc chemicals.
- United States: The U.S. dominates the North American market due to its advanced industrial base and significant investments in infrastructure and automotive sectors. The growing focus on sustainable agricultural practices and the increasing adoption of electric vehicles contribute to the rising demand for zinc chemicals.
- Canada: Canada's market growth is supported by its thriving agricultural sector and ongoing infrastructure projects. The country’s commitment to sustainable farming practices and the adoption of advanced agricultural technologies are expected to boost the demand for zinc chemicals, particularly in fertilizers.
Europe
Europe's Zinc Chemicals Market is characterized by strong demand from the automotive, construction, and chemical processing industries. The region's stringent environmental regulations and focus on sustainable practices drive innovation and adoption of zinc chemicals.
- Germany: As a major automotive hub, Germany's demand for zinc chemicals is fueled by its robust automotive manufacturing industry. The country’s emphasis on advanced coatings and materials for automotive applications supports market growth.
- France and Italy: Both countries contribute significantly to the European market, driven by their strong construction and chemical processing industries. The increasing adoption of eco-friendly materials and sustainable construction practices boosts the demand for zinc chemicals.
South America
The South American Zinc Chemicals Market is experiencing growth, driven by the agricultural sector and ongoing infrastructure development projects. The region's focus on enhancing agricultural productivity and the adoption of modern farming techniques support market expansion.
- Brazil: Brazil leads the South American market due to its vast agricultural industry. The increasing use of zinc sulphate in fertilizers to improve crop yields drives market growth.
- Argentina: Argentina’s market growth is supported by its agricultural sector and government initiatives promoting sustainable farming practices. The demand for zinc chemicals, particularly in fertilizers, is expected to rise.
Middle East and Africa
The Middle East and Africa Zinc Chemicals Market is projected to grow, driven by applications in agriculture, construction, and oil and gas sectors. The region’s focus on enhancing agricultural productivity and infrastructure development supports market growth.
- Saudi Arabia: Saudi Arabia's market growth is driven by its construction and oil and gas industries. The country’s investments in infrastructure projects and the adoption of advanced materials boost the demand for zinc chemicals.
- South Africa: South Africa's market is supported by its agricultural and construction sectors. The increasing use of zinc chemicals in fertilizers and coatings drives market growth.
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Key Players:
- American Chemet Corporation
- Changsha Lantian Chemical Co. Ltd.
- EverZinc
- Flaurea Chemicals
- Global Chemical Co. Ltd
- Hakusui Tech
- Intermediate Chemicals Company
- Brüggemann GmbH & Co. KG
- Nexa
- Old Bridge Chemicals Inc.
- Pan-Continental Chemical Co. Ltd
- Rech Chemical Co. Ltd
- Rubamin
- Seyang Zinc Technology (Huai An) Co. Ltd
- Silox India Pvt. Ltd
- TIB Chemicals AG
- U.S. Zinc.
- Weifang Longda Zinc Industry Co., Ltd.
- Zochem LLC
Recent Developments:
| Company | Development | Impact |
| American Zinc Recycling | In May 2024, American Zinc Recycling LLC announced a major expansion of its facility in Rutherford County, North Carolina. This expansion aims to increase the recycling capacity of zinc from steel mill dust, enhancing the availability of high-quality zinc oxide for various applications. | High |
| EverZinc | In April 2024, EverZinc launched a new production line for high-purity zinc oxide at its facility in Zwijndrecht, Belgium. This addition is intended to meet the growing demand from the pharmaceutical and cosmetic industries, which require ultra-pure zinc oxide. | Moderate |
| Indian Institute of Chemical Technology | In March 2024, Rubamin partnered with the Indian Institute of Chemical Technology to develop eco-friendly zinc oxide production methods. This collaboration focuses on reducing the carbon footprint and improving the sustainability of zinc chemical manufacturing processes. | Low |
| US Zinc | In January 2024, US Zinc acquired Zochem, a leading producer of zinc oxide and other zinc-based chemicals. This strategic move is expected to strengthen US Zinc's market position and expand its product portfolio in North America. | Moderate |
| ZM Silesia | In February 2024, ZM Silesia unveiled a new technology for producing zinc sulfate using advanced filtration techniques. This innovation aims to increase efficiency and reduce waste in the production process, catering to the agricultural sector's growing needs. | Low |
| GHC Investment | In April 2024, GHC Investment announced a research initiative focusing on the use of zinc chemicals in renewable energy storage solutions. This project aims to explore the potential of zinc-based batteries as a cost-effective and sustainable alternative to traditional lithium-ion batteries. | High |
Report Link Click Here: https://exactitudeconsultancy.com/reports/28032/zinc-chemical-market/
MARKET SEGMENTATION (Market Size by Volume)
By Type
- Zinc Oxide
- Zinc Sulfate
- Zinc Carbonate
- Zinc Chloride
- Other Types
By End-user Industry
- Agriculture
- Chemicals and Petrochemicals
- Ceramic
- Pharmaceutical
- Paints and Coatings
- Rubber Processing
- Other End-user Industries
By Region
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Italy
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Middle-East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle-East and Africa
Quantitative Analysis -
- Market size, estimates, and forecasts from 2023 - 2030
- Market size and revenue estimates for products up to 2030
- Market revenue estimates for application up to 2030
- Market revenue estimates for type up to 2030
- Regional market size and forecast up to 2030
For More Findings: https://bulletin.exactitudeconsultancy.com/
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The laminating adhesives market is expected to grow at 5.36 % CAGR from 2022 to 2029. It is expected to reach above USD 5.23 Billion by 2029 from USD 3.27 Billion in 2020.
Global Industrial Cleaning Market - https://exactitudeconsultancy.com/reports/25217/industrial-cleaning-market/
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Liquid Roofing Market - https://exactitudeconsultancy.com/reports/25150/liquid-roofing-market/
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Ink Additives Market - https://exactitudeconsultancy.com/reports/25103/ink-additives-market/
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Ion Exchange Resins Market - https://exactitudeconsultancy.com/reports/25088/ion-exchange-resins-market/
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Global Instant Adhesives Market - https://exactitudeconsultancy.com/reports/24961/instant-adhesives-market/
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Global High Purity Alumina Market - https://exactitudeconsultancy.com/reports/24000/high-purity-alumina-market/
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Oilfield Stimulation Chemicals Market - https://exactitudeconsultancy.com/reports/23779/oilfield-stimulation-chemicals-market/
The global Oilfield Stimulation Chemicals market size is expected to grow at more than 10.10% CAGR from 2021 to 2029. It is expected to reach above USD 6.68 billion by 2029 from a little above USD 2.81 billion in 2020.
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The polyphenylene sulfide market is expected to grow at 8.85% CAGR from 2022 to 2029. It is expected to reach above USD 3.05 billion by 2029 from USD 1.42 billion in 2020.
Global Fuel Cells Market - https://exactitudeconsultancy.com/reports/23515/fuel-cells-market/
The global fuel cells market is expected to grow at 19.70 % CAGR from 2020 to 2029. It is expected to reach above USD 17.91 Billion by 2029 from USD 3.55 Billion in 2020.
Fracking Fluid and Chemicals Market - https://exactitudeconsultancy.com/reports/23476/fracking-fluid-and-chemicals-market/
Fracking Fluid and Chemicals market is expected to grow at 9.9% CAGR from 2022 to 2029. It was valued 7.80 billion at 2020. It is expected to reach above USD 18.24 billion by 2029.
Diesel Exhaust Fluid Market - https://exactitudeconsultancy.com/reports/23381/diesel-exhaust-fluid-market/
The global diesel exhaust fluid market is estimated to increase at an 8% CAGR from 2023 to 2029. It is predicted to exceed USD 59.13 billion by 2029, up from USD 34.5 billion in 2022.
Feed Enzymes Market - https://exactitudeconsultancy.com/reports/22869/feed-enzymes-market/
The feed enzymes market is expected to grow at 7.9% CAGR from 2022 to 2029. It is expected to reach above USD 3.11 billion by 2029 from USD 1.5 billion in 2020.
Insecticides Market - https://exactitudeconsultancy.com/reports/22856/insecticides-market/
The Insecticides Market is expected to grow at 5.40% CAGR from 2022 to 2029. It is expected to reach above USD 22.15 Billion by 2029 from USD 13.80 Billion in 2020.
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Nitrogenous fertilizers Market - https://exactitudeconsultancy.com/reports/22635/nitrogenous-fertilizers-market/
The nitrogenous fertilizers market is expected to grow at 2.73% CAGR from 2023 to 2029. It is expected to reach above USD 157.49 billion by 2029 from USD 126.96 billion in 2022.
Lactic Acid Market - https://exactitudeconsultancy.com/reports/22628/lactic-acid-market/
The lactic acid market is expected to grow at 9.6% CAGR from 2022 to 2029. It is expected to reach above USD 2.5 Billion by 2029 from USD 1.2 Billion in 2021.
Phytogenic Feed Additives Market - https://exactitudeconsultancy.com/reports/22527/phytogenic-feed-additives-market/
The global phytogenic feed additives market is expected to grow at 7% CAGR from 2022 to 2029. It is expected to reach above USD 1623 million by 2029 from USD 864 million in 2022.
Soil Stabilization Market - https://exactitudeconsultancy.com/reports/21767/soil-stabilization-market/
The global soil stabilization market is projected to reach USD 39.28 billion by 2029 from USD 24.68 billion in 2020, at a CAGR of 6.47 % from 2022 to 2029.
