Global Zinc Chemicals Market - 2023-2030

Global Zinc Chemicals Market - 2023-2030

Market Overview

Inorganic compounds known as zinc chemicals are widely used in various end-use industries. These chemicals' unique properties are used in various industries, including pharmaceuticals and rubber compounding. Because rubber plays such a significant role in the production of radial tires, belts, glass, hoses, ceramics and latex gloves, among other things, zinc oxides are used as vulcanization agents in the production of rubber, which is then primarily consumed by the automotive industry.

The chemical element zinc resists rusting better than iron and other metals. Zinc thus prevents rust on iron and other metals. Zinc Chemical's application in the automotive, agricultural and construction industries is expanding quickly due to its adaptable and advantageous chemical characteristics. The global zinc chemical market is segmented into type (zinc oxide, zinc sulfate, zinc carbonate, zinc chloride and others) and application (rubber Compounding, agriculture, glass & ceramics, paints & coatings, chemicals, food & pharmaceuticals, textiles and others).

Market Dynamics

Rising demand for agrochemicals drives market growth. The rubber and tire industry has a high demand for zinc chemicals. It functions as an agent in the vulcanization of rubber, which increases durability. The extensive use in the production of cosmetics is another important factor driving the growth in the global market for zinc chemicals. It is an essential nutrient in cosmetics products like skincare, color cosmetics, hair care, talcum and face powder. In sunscreen lotions, the product also functions as an ultraviolet ray filter. The high demand for the product in the chemical, glass and manufacturing industries, which increases the demand for zinc chemicals, is another significant driver. Using zinc oxide in biomedicine for anti-bacterial and anti-cancer purposes will also expand the market. As a result, the zinc chemicals market has many growth opportunities.

Additionally, the increased use of zinc sulfate in the treatment of skin change was brought on by the substance's ability to heal wounds and reduce inflammation, which will likely present additional opportunities for the market for zinc chemicals to expand in the years to come.

The need for vulcanized rubber in the manufacturing of tires in the automotive and tire industry supports the market growth

Since tires and tubes used in automobiles are frequently made with zinc chemicals, it is anticipated that the demand for zinc chemicals will increase over time as the automobile industry expands. The demand for automotive tires is anticipated to increase along with the popularity of electric vehicles, which will, in turn, fuel tire consumption in the automotive sector and the market for zinc chemicals. Similar to higher zinc oxide loadings, too little zinc oxide can cause scorching issues, while too much zinc oxide can improve hot air/heat aging properties. It also greatly reduces heat buildup and tire wear, making it a crucial sector of the rubber tire industry. As a result, zinc oxide consumption is rising along with the tire industry's expansion.

Owing to these benefits, the growing automotive industry will augment the sales of the zinc chemicals market during the forecast period.

Fluctuating costs and harmful impact of zinc chemicals, such as irritation, respiratory problems and so on, hampering the growth of the zinc chemicals market

The toxic nature of zinc chemical fumes can cause fever, headaches, chills and a metallic taste in the mouth. Product's fluctuating prices are likely to restrain the market's expansion. Chemicals containing zinc can cause irritation, heartburn, indigestion and respiratory tract infections when they come into direct contact with the skin or eyes. Additionally, this is impeding market expansion.

COVID-19 Impact Analysis

The COVID-19 outbreak had immediate and long-term effects on the construction sector, which could impact the global zinc chemical market. The consequences result from the lockdown's temporary suspension of construction activities. Though the pandemic has had a less significant impact on the operations of the food and beverage sector than other sectors, the industry's global supply chain has been severely impacted, which has hurt the sector's ability to grow. The global availability of petrochemical production centers has decreased, which hurts the petrochemical industry. Demand has decreased due to travel and social sanctions imposed by countries. The demand for zinc chemicals will likely be driven in the near future by rising utilization in the automotive industry and rising demand from the rubber tire industry. Furthermore, the demand for zinc chemicals was lower during the pandemic.

Segment Analysis

The global zinc chemicals market is segmented based on type, application and region.

The widespread use of zinc oxide in a large number of industrial applications drives the demand for the global zinc chemicals market

The most significant zinc compound in industrial applications is zinc oxide. An inorganic chemical compound of zinc and oxygen is known as zinc oxide (ZnO). It is a water-insoluble white powder but soluble in acid and base. It functions as a mild astringent and is also referred to as calamine or zinc white. It is anti-bacterial, catalytic, anti-fungal and anti-corrosive.

It is primarily used in various sectors, including the pharmaceutical, paint, rubber and coating, plastic, ceramic and glass industries. Additionally, zinc oxide is widely used in cosmetic products. It is utilized in cosmetics and personal care items like powders, lotions for babies, bath soap and makeup. Using zinc oxide in biomedicine for anti-bacterial and anti-cancer purposes will also advance the market. As a result, the market has many growth opportunities.

Geographical Analysis

The global zinc chemicals market is segmented based on type, application and region.

Owing to higher manufacturing and chemical processing in the region support the Asia-Pacific zinc chemicals market growth

Due to the widespread and extensive use of zinc chemical derivatives in numerous applications, including rubber processing, chemical processing and agriculture, the Asia-Pacific is expected to dominate the global market. The majority of chemicals produced globally are processed in China, which is an industry powerhouse. Because of its strong consumer base, China's chemical manufacturing industry is anticipated to grow steadily throughout the forecast period. Due to the expanding agrochemical industry and burgeoning economies, China and India are expected to see an increase in demand for zinc chemicals. Chemical fertilizers' low cost and easy availability are important drivers for the market. Chemical fertilizers contain copper sulfate as a fertilizer additive, expanding the market for zinc chemicals.

Additionally, Thailand, Indonesia and Vietnam are one of the leading manufacturers of rubber. Therefore the demand for zinc chemicals in the respective countries will flourish over the forecast period.

Competitive Landscape

Manufacturers are making several strategic decisions in the global zinc chemicals market to develop effective technologies and increase production rates to meet market demand. The primary focus areas include product launches, collaborations, strategic mergers and acquisitions. The key players in the market are American Chemet Corporation, Hakusui Tech, Changsha Lantian Chemical Co. Ltd., EverZinc, Akrochem, Numinor Chemical Industries Ltd., Flaurea Chemicals, Rubamin, Weifang Longda Zinc Industry Co., Ltd. and American Chemet Corporation.

EverZinc

Overview: EverZinc is the first and only manufacturer of GMP zinc oxide to have its products certified by the CEP. EverZinc, a company committed to sustainability, has enhanced its recycling technology and is currently producing more than 30% of the zinc metal pigment from zinc secondaries. With four product lines, including fine zinc powders, zinc oxide, zinc powders for batteries and Zano, an ultrafine zinc oxide, EverZinc is a leader in the production of chemicals containing zinc. The company has 14 facilities across North America, Europe and Asia. EverZinc serves high-value markets like personal care, alkaline, storage and rechargeable batteries, pharmaceuticals, chemicals, textiles, agriculture, feed, paints and coatings and rubber. With manufacturing facilities on three continents and sales to more than 50 countries, the company uses 9 distinct technologies to produce and develop zinc materials. 800 collaborators from the company's leading and highly skilled teams work on the development and production of zinc materials every day.

Product Portfolio

Zinc Chemicals: EverZinc provides a wide range of direct and indirect high-purity zinc oxide products that are created to meet the needs of each distinctive industrial application specifically. The product zinc oxide has specific properties that give them the precise raw material required for their product's production. The quality of our fine zinc powder, primarily used as an anti-corrosion pigment in industrial coatings or as a reducing agent and catalyst in different chemical reactions, is constantly being improved to meet the demands of our customers and markets. For this reason, the company created product commodities like alloyed powders (bismuth, aluminum, magnesium) or 0G, a powder with zero gassing for use in 1-K and 2-K water-based anti-corrosion paint. The product offering serves applications cush as agriculture, chemicals & lubricants, paints & coatings, pharmaceuticals, tires & rubber, polymers and glass & ceramic.

Key Development: On June 1, 2022, Two of the biggest producers of zinc chemical products worldwide, U.S. Zinc and EverZinc, were combined by Aterian Investment Partners (""Aterian"") to create the world's leading zinc chemistry company. Houston, Texas, will serve as the corporate headquarters of the combined business, which will conduct business as EverZinc. From 14 facilities spread across North America, Europe and Asia, the company will support high-value markets like personal care, pharmaceuticals, chemicals, textiles, agriculture, paints and coatings, etc. This combination will increase our platform's ability to serve customers globally, strengthen our global footprint and enhance sourcing capabilities. The combined company anticipates obtaining most of its raw materials from third-party by-product streams, which will minimize the demand for virgin zinc and promote sustainability across the industry.

Why Purchase the Report?
• To visualize the global zinc chemicals market segmentation based on type, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the global zinc chemicals market by analyzing trends and co-development.
• Excel data sheet with numerous data points of zinc chemicals market-level with all segments.
• PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping available as excel consisting of key products of all the major market players.

The global zinc chemicals market report would provide approximately 53 tables, 54 figures and 230 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies