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Pulished Date April, 2021
ID: 11461
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Zinc Chemicals Market - By Application (Rubber Compounding, Agriculture, Glass & Ceramics, Paint & Coatings, Food & Pharmaceuticals, Textiles, Chemicals), By Type (Zinc Oxide, Zinc Sulphate, Zinc Carbonate, Zinc Chloride) & By Region - Industry Forecast, Size, Trends, and Growth | 2021 - 2026

Pulished: April, 2021
ID: 11461
Pages: 180

Zinc Chemicals Market Size,  Share & Trends (2021 - 2026)

By 2026, the Zinc Chemicals Market is expected to be worth USD 15.61 billion, with a CAGR of 5.60 percent from 2021 to 2026.

The common commercial inorganic zinc chemicals are zinc oxide, zinc sulfate, and zinc chloride, which are often used in ointments for minor skin conditions, including burns and irritation. Zinc oxide is used in a number of applications, including transparent transistors, heat dissipation, LEDs, transparent conductive layers for solar cells, thermoelectric transfer, and so on. Zinc oxide, which is more commonly consumed than zinc sulfate and zinc chloride, is used in vehicle tyres to improve handling, longevity, and protection.

Zinc chemicals are inorganic compounds that are widely used in a variety of applications. These chemical’s distinct properties are used in a variety of applications, ranging from rubber compounding to pharmaceuticals. Zinc chemicals are also used in agrarian economies around the world in fertilizers, food, and animal feed. Zinc is a necessary mineral for mental and physical health since it aids in basic cellular function and, as a result, the proper functioning of the reproductive organs. Zinc also strengthens the immune system and helps to prevent common skin irritations. Since the body cannot absorb zinc without being bound to other substances, it is available as an inorganic and non-chelated chemical supplement.

The rising popularity of electric vehicles is expected to boost demand for automotive tyres, boosting tyre use in the automotive industry and driving the zinc chemical market. Due to the widespread use of zinc chemical in galvanization and tyre production, the rubber processing segment is expected to be the most profitable. Since Asia-Pacific countries such as China, India, Japan, South Korea, and Thailand are major automobiles, demand for zinc chemicals is expected to rise in this area over the forecast period.

Recent Developments

  • G.H. Chemicals Ltd. and Microzinc Inc., collectively known as "GHC," were acquired by EverZinc in January 2019. The acquisition allows for product and business growth in Quebec, due to world-class facilities.

  • Weifang Longda Zinc Industry Co., Ltd. co-organizes the Zinc Oxide Summit in 2019.

  • OpenGate Capital purchased-Umicore Zinc Chemicals in November 2016 for an undisclosed amount. EverZinc, a manufacturer of zinc-specialty chemicals, has been renamed. With operations in Belgium, the Netherlands, Norway, China, and Malaysia, the company specialises in three product areas: fine zinc powders, zinc oxide, and zinc for batteries.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2020

Forecast Period

2021-2026

CAGR

5.60%

Segments Covered

By Type, Material, Deliver & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

Rubamin, Zinc Oxide LLC, Weifang Longda Zinc Industry, Hakusuitech Co., Ltd., S. Zinc, Zinchem, Votorantim Group., BruggemannGruppe, Horsehead Holding LLC, TOHO ZINC CO., LTD.

Zinc Chemicals Market Drivers

The growing demand for the chemical from the agriculture industry, the expansion of the ceramics and glass industries, and the use of the commodity in cosmetics are some of the factors that will likely boost the market's growth. Increases in living standards, buying power parity, disposable income, and the increasing value of grooming and personal care will all help the zinc chemicals industry develop. Zinc Chemicals are commonly used as a vulcanization agent in the rubber compounding industry. Furthermore, new product launches and expanding applications and favorable reimbursement policies will lead to the Global Zinc Chemicals Market's development.

Zinc Chemicals Market Restraints

Market restrictions for the growth of zinc chemicals in the forecast period include the imposition of regulatory requirements as well as price fluctuations in the zinc market. The decrease in zinc chemical use in the paint and coating industry will be the biggest challenge to the market's growth. Zinc oxide exposure can cause a flu-like illness in humans, with symptoms such as fever, cough, and a metallic taste in the mouth that can last for a day or two. The health risks associated with zinc chemicals, such as direct contact with the eyes or skin, can cause irritation, indigestion, and respiratory tract infection if consumed or inhaled, which are likely to hinder the market's development.

Zinc Chemicals Market Opportunities

Zinc sulfate's wound-healing and anti-inflammatory properties will expand its use in the treatment of skin diseases, opening up new opportunities for the zinc chemicals market during the forecast period. Seals, conveyor belts, and extruded and molded rubber profiles are made in India by 40 tyre manufacturers and about 6,000 non-tire manufacturers for use in automotive, railway, defense, aerospace, and other applications. Over the next five years, the zinc market will benefit greatly from new research and technological advancements in the field of zinc nanoparticles used for cancer detection, imaging, and treatment.

Zinc Chemicals Market Segmentation

Zinc Chemicals Market - On the basis of Type

  • Zinc Oxide
  • Zinc Sulfate
  • Zinc Carbonate
  • Zinc Chloride

The zinc sulfate segment is the most popular, and it is expected to remain so in the near future. The agriculture industry uses zinc chemicals in the form of zinc sulphate as a fertilizer additive to help increase soil fertility. Zinc oxide is used in the curing of synthetic and natural rubber, which is used to make automobile tyres since it has properties like high heat resistance, chemical reinforcement, and compression fatigue. Soldering flux, galvanization, vulcanized rubber, and odor protection are only a few of the uses for zinc chloride as a solvent. Zinc carbonate is used in anti-microbial, anti-acne, anti-aging, anti-pigmentation, and anti-inflammatory creams and lotions in cosmetics and personal care products due to its superior antiseptic and fungicide properties.

Zinc Chemicals Market - On the basis of Application

  • Rubber Compounding
  • Agriculture
  • Glass & Ceramics
  • Paint & Coatings
  • Food & Pharmaceuticals
  • Textiles
  • Chemicals

Zinc Chemical’s primary market has always been rubber compounding. Rubber compounds are made with zinc chemicals, which are used in rubber compounding. Zinc chemicals are used in the manufacture of radial and bias tyres, rubber shoes, conveyor belts, hoses, leather suits, and latex gloves. As a result, the rubber compounding segment is being driven by the automotive industry's growth. Zinc chemicals like zinc oxide and zinc oxide and stearic acid are used in the industrial processing of rubber.

Zinc Chemicals Market - On the basis of Region 

  • North America

  • Europe

  • Asia Pacific

  • South America

  • Middle East & Africa

Asia Pacific accounts for a large portion of the market and is projected to expand at a rapid pace, with a promising CAGR. The growth of the zinc chemicals market is primarily driven by the rising population and personal disposable incomes in developing countries. Zinc chemicals are also in high demand in China and India due to their widespread use in rubber compounding. Another positive factor affecting the market is the demand for agricultural sprays and fertilizers from agriculture-driven economies such as India and China.

 Because of the strong pharmaceutical industry in the region, North America is expected to be a major market for inorganic zinc chemicals. Increased demand for automobiles will result in more rubber being used in tyres, which will ultimately drive regional product demand. In terms of advancing agrarian activities around the world, Europe has long been a leader. Zinc deficiency is, however, less common in European soil than in other areas of the world.

Impact of Covid-19 on Zinc Chemicals Market

As a result of the pandemic scenarios, most nations across the world went into lockdown to prevent the outbreak from spreading. The COVID-19 pandemic is currently affecting the tyre industry. Several tyre factories have temporarily shut down their operations. As buyers delay new car purchases, many carmakers have decreased or shut down vehicle production. Tire maker’s OEM business will likely suffer as a result. Between April and May 2020, the world's largest tiremaker will close eight tyre factories, including its main passenger vehicle tyre factory in Hikone, western Japan, and its main truck and bus tyre manufacturing plant in Amagi. As a result, the COVID-19 effect is projected to have a negative impact on demand growth. Furthermore, unfavorable conditions resulting from the COVID-19 outbreak are expected to stifle Zinc Chemicals Market development.

Key Players of Zinc Chemicals Market listed in the research report.

  1. Rubamin

  2. Zinc Oxide LLC

  3. Weifang Longda Zinc Industry

  4. Hakusuitech Co., Ltd.

  5. S. Zinc

  6. Zinchem

  7. Votorantim Group.

  8. BruggemannGruppe

  9. Horsehead Holding LLC

  10. TOHO ZINC CO., LTD.

  11. Zinc Nacional S.A.

  12. Uttam Industries

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods                         

2. Research Methodology                                          

               2.1 Analysis Design                        

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation  

               2.3 Study Timeline                         

3. Report Overview                                       

               3.1 Executive Summary                

               3.2 Key Inferencees                       

4. Market Dynamics                                     

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                      

               4.3 Technology Timeline & Recent Trends                           

5. Competitor Benchmarking Analysis                                   

               5.1 Key Player Benchmarking                     

                              5.1.1 Market share analysis        

                              5.1.2 Products/Service   

                              5.1.3 Regional Presence

               5.2 Mergers & Acquistion Landscape                     

               5.3 Joint Ventures & Collaborations                       

6. Market Segmentation                                            

               6.1 Zinc Chemicals Market, By Type                        

                              6.1.1 Zinc Oxide

                              6.1.2 Zinc Sulfate            

                              6.1.3 Zinc Carbonate      

                              6.1.4 Zinc Chloride          

                              6.1.5 Market Size Estimations & Forecasts (2021-2026)   

                              6.1.6 Y-o-Y Growth Rate Analysis              

                              6.1.7 Market Attractiveness Index           

               6.2 Zinc Chemicals Market, By Application                           

                              6.2.1 Rubber Compounding         

                              6.2.2 Agriculture              

                              6.2.3 Glass & Ceramics  

                              6.2.4 Paint & Coatings   

                              6.2.5 Food & Pharmaceuticals    

                              6.2.6 Textiles     

                              6.2.7 Chemicals

                              6.2.8 Market Size Estimations & Forecasts (2021-2026)   

                              6.2.9 Y-o-Y Growth Rate Analysis              

                              6.2.10 Market Attractiveness Index         

7. Geographical Landscape                                        

               7.1 Global Identity Governance and Administration Market, by Region                   

               7.2 North America - Market Analysis (2018 - 2024)                          

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Type    

                              7.2.3 By Application        

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Type    

                              7.3.3 By Application        

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Type    

                              7.4.3 By Application        

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Type    

                              7.5.3 By Application        

               7.6 Middle East and Africa                         

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Type    

                              7.6.3 By Application        

8. Key Player Analysis                                   

               8.1 Rubamin                     

                              8.1.1 Business Description           

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments        

                              8.1.6 Analyst Overview  

               8.2  Zinc Oxide LLC                        

               8.3 Weifang Longda Zinc Industry                            

               8.4 Hakusuitech Co., Ltd.                            

               8.5 S. Zinc                          

               8.6 Zinchem                      

               8.7 Votorantim Group.                 

               8.8 BruggemannGruppe                

               8.9 Horsehead Holding LLC                        

               8.10 TOHO ZINC CO., LTD.                          

               8.11 Zinc Nacional S.A.                 

               8.12 Uttam Industries                   

9. Market Outlook & Investment Opportunities                                 

Appendix                                          

               List of Tables                    

               List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Zinc Chemicals Market By Region, From 2021-2026 ( USD Billion )

  2. Global Zinc Chemicals Market By Type, From 2021-2026 ( USD Billion )

  3. Global Zinc Oxide Market By Region, From 2021-2026 ( USD Billion )

  4. Global Zinc Sulfate Market By Region, From 2021-2026 ( USD Billion )

  5. Global Zinc Carbonate Market By Region, From 2021-2026 ( USD Billion )

  6. Global Zinc Chloride Market By Region, From 2021-2026 ( USD Billion )

  7. Global Zinc Chemicals Market By Application, From 2021-2026 ( USD Billion )

  8. Global Rubber Compounding Market By Region, From 2021-2026 ( USD Billion )

  9. Global Agriculture Market By Region, From 2021-2026 ( USD Billion )

  10. Global Glass & Ceramics Market By Region, From 2021-2026 ( USD Billion )

  11. Global Paint & Coatings Market By Region, From 2021-2026 ( USD Billion )

  12. Global Food & Pharmaceuticals Market By Region, From 2021-2026 ( USD Billion )

  13. Global Textiles Market By Region, From 2021-2026 ( USD Billion )

  14. Global Chemicals Market By Region, From 2021-2026 ( USD Billion )

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