Zinc Chemicals Market - Forecasts from 2024 to 2029

Zinc Chemicals Market - Forecasts from 2024 to 2029

The zinc chemicals market is evaluated at US$8.103 billion for the year 2022 and is projected to grow at a CAGR of 5.07% to reach a market size of US$11.458 billion by the year 2029.

Zinc chemicals are a broad class of chemical compounds with zinc as a main ingredient that are used in many different industries for a variety of purposes. These substances are essential to industries including manufacturing, agriculture, cosmetics, and medicines. For example, zinc oxide is frequently employed as a pigment and as a UV blocker in the manufacturing of rubber, medicines, and cosmetics.

Applications for zinc sulphate include the production of animal feed additives and use in agriculture as a fertiliser. Zinc stearate is used as a lubricant and releasing agent in the production of rubber and plastics, whereas zinc chloride acts as a catalyst in chemical processes. Regulations, technical development, and the expansion of industry all have an impact on the need for zinc compounds.

MARKET TRENDS:

Many important factors influence the market for zinc compounds, shaping both its demand and growth. The growing range of sectors that zinc compounds are applied to, such as chemicals, medicines, agriculture, and cosmetics, is one important motivator. Owing to their many uses and qualities, zinc compounds are essential to the manufacturing of medications, fertilisers, personal care items, and supplements for animal feed.

Additionally, the demand for zinc compounds in the agricultural and healthcare industries is being driven by growing knowledge of the advantages of zinc in enhancing crop output, animal health, and human well-being. Furthermore, as manufacturing techniques and technologies continue to progress, zinc chemical production is becoming more efficient and of higher quality, which is driving market expansion. Zinc chemicals are being used as eco-friendly substitutes in a variety of applications due to environmental laws and the growing emphasis on sustainable practices, which is fueling the market's rise.

MARKET DRIVERS:

The rising use of food additives and medicines is anticipated to impact the zinc chemicals market growth.

Zinc sulphate is frequently used for oral rehydration during diarrhoea for the treatment of zinc insufficiency. For patients who are presymptomatic and expecting moms, zinc sulphate is advised as the first line of treatment. In the food and beverage industry, zinc sulphate is used as a natural supplement and as an ingredient in animal feed. The usage of zinc sulphate in food and pharmaceutical applications is anticipated to significantly contribute to the growth of the global zinc chemicals market during the forecast period.

In the upcoming years, it is anticipated that new research and technical advancements will benefit the zinc nanoparticles used for cancer detection, imaging, and therapy, creating several chances for the zinc chemicals sector. These factors are expected to increase the zinc chemicals market share.
Rising demand for zinc chemicals in the automotive industry might upsurge the market.

Rubber hoses, tyres, tubes, and gaskets are made in the automotive industry using zinc oxide. Owing to the expanding applications, zinc oxide is anticipated to continue to dominate the global zinc chemicals market over the forecast period. With the rising demand for zinc compounds in paints and varnishes, the zinc chemicals market size is expanding. Moreover, the increasing automotive industry is also helping the market grow favourably because it has raised the need for zinc chemicals used in belts, radial tyres, paints, and coatings.

High demand in the ceramics industry may significantly impact zinc chemicals market growth.

To improve the gloss of the surface, the ceramics industry uses zinc compounds such as zinc oxide and zinc sulphate. They aid in preventing ceramic products from cracking and trembling by making the ceramic glaze more elastic. The recent rise in the production of ceramic goods in Asian countries like China and India had a big impact on the market for zinc compounds. The growing building industries in various Asian countries are the main drivers of the demand for ceramic items, including ceramic tiles, toiletries and pipes.

MARKET RESTRAINTS:

Although humans can handle relatively high levels of zinc compounds, too much zinc can still have a deleterious impact on health, causing symptoms like nausea, fatigue, anaemia, and skin rashes. In excessively high doses, zinc contains substances that can harm the pancreas, obstruct protein metabolism, and cause arteriosclerosis.

Zinc oxide exposure in excess can cause several health problems, including metal fume fever, the flu, migraines, fever, and cough. It may also be harmful to the developing foetus. When inhaled in microscopic or ultra-fine fractions, ZnO, a characteristic component of particle air pollution, can result in acute systemic symptoms.

Asia Pacific is predicted to account for a significant share of the zinc chemicals market.

During the projected period, the Asia Pacific region is anticipated to lead the zinc chemicals market. Owing to the widespread and extensive use of zinc chemical derivatives in numerous applications, including rubber processing, chemicals processing, and agriculture among others, the Asia-Pacific region is expected to dominate the market. The majority of chemicals generated globally are processed in China, which is an industry powerhouse.

Furthermore, China's chemical manufacturing sector is anticipated to grow steadily throughout the projection period due to supportive government measures and a sizable consumer base which is anticipated to positively impact the zinc chemicals market in the nation. The country's growing chemical production is anticipated to present a development potential for the market under investigation.

Market Developments:

In January 2024, A new 10mg/10mL (1 mg/mL) concentration of zinc sulphate for injection USP was introduced in the United States, according to Piramal Critical Care (PCC), a part of Piramal Pharma Limited. With this introduction, PCC plans to grow both its portfolio of generic injectables overall and its current Zinc Sulphate Injection product line.
In August 2022, The Critical Care division of Piramal Pharma Limited, a prominent provider of Complex Hospital Generics, announced the First Market Generic Zinc Sulphate Injection launch in the United States. With the Competitive Generic Therapy (CGT) classification, this medicine has received clearance from the US Food and Drug Administration.
In June 2022, The world's leading zinc chemistry company was formed by Aterian Investment Partners through the merger of U.S. Zinc and EverZinc, two of the biggest makers of zinc chemical products worldwide. The United business was launched in Houston, Texas, and is known as EverZinc.

Segmentation:

By Type
Zinc Oxide
Zinc Sulphate
Zinc Carbonate
Zinc Chloride
Others
By Application
Rubber Compounding
Agriculture
Glass & Ceramics
Paints & Coatings
Chemicals
Food & Pharmaceuticals
Textiles
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
Japan
India
South Korea
Taiwan
Thailand
Indonesia
Others