Global Zinc Phosphate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Zinc Phosphate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Zinc phosphate (Zn3(PO4)2) is an inorganic chemical compound used as a corrosion resistant coating on metal surfaces either as part of an electroplating process or applied as a primer pigment (see also red lead). It has largely displaced toxic materials based on lead or chromium, and by 2006 it had become the most commonly used corrosion inhibitor. Zinc phosphate coats better on a crystalline structure than bare metal, so a seeding agent is often used as a pre-treatment. One common agent is sodium pyrophosphate.

Market Overview:

The latest research study on the global Zinc Phosphate market finds that the global Zinc Phosphate market reached a value of USD 136.06 million in 2022. It’s expected that the market will achieve USD 140.64 million by 2028, exhibiting a CAGR of 0.55% during the forecast period.

Downstream demand

The current situation of the epidemic around the world is particularly serious especially in the United States and Europe. In order to stop the spread of this epidemic, many governments have issued stay at home orders. As a result, many factories have suspended operations, and industries such as Food ingredients, Pharmaceuticals and Healthcare products have been affected to some extent. Therefore, the demand for Lactulose has declined. The current recurrence of the epidemic and the full spread of the COVID-19 variant strains may cause more serious effects.

Logistics

Due to the epidemic situation, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on imported goods. This has led to various levels of logistics disruption, cargo accumulation and transportation delays.

SME

The epidemic will have an impact on the cash flow of small and medium-sized enterprises in the industry and thus affect the operating conditions. As a result, the share of small and medium-sized enterprises in the market will shrink and the share of head enterprises will increase.

Strength

Zinc phosphate Often used as a seeding agent is used during the coating of metal structures, as zinc phosphate better adheres to a crystalline surface. It is also used as a pigmented primer and as a part of an electroplating process during corrosion protection coating on metal surfaces. It is usually applied on ferrous metals, as they are prone to corrosion by frequent contact with air and moisture. The widespread use of ferrous metals is an important driving force for the global zinc phosphate market.
Zinc phosphate cement is used as a standard prosthetics in dentistry. Zinc phosphate cement is produced by a proportionate mixing of zinc oxide and zinc oxide powders, coupled with a liquid consisting of water, buffers, and phosphoric acid. It is prevailing in dentistry and is still commonly used. It's surging from rapidly growing dentistry applications worldwide, is expected to drive the global market over the projected timeframe.
Zinc phosphate has a wide range of applications and can be used in all kind of acidproof, waterproof, and anticorrosive coating, including phenolic paint, epoxy paint, alkyd paint, acrylic paint, and water-soluble resin paint for automobile, boats, machinery, light metal, metal vessels, home appliance etc. Therefore, significantly growing demand for coating has driven the growth of the market.

Weakness

The price of Zinc Phosphate increased because of the raw materials zinc and zinc oxide. In addition, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of zinc phosphate.
Although zinc phosphates are known to provide good barrier protection and metal adherence, due to its low-solubility nature, phosphates do not possess enough inhibiting power in comparison to chromates, and thus, lack the necessary self-healing capabilities.
The decline of the automotive industry in recent years may affect its growth in demand for Zinc Phosphate.

Region Overview:

Asia-Pacific dominated the Zinc Phosphate market in 2022, with a market share of 35.56%.

Company Overview:

Chemetall is one of the major players operating in the Zinc Phosphate market, holding a share of 17.79% in 2023.

Chemetall

Chemetall is BASF’s global brand for innovative surface treatment technologies and operates as the global business unit Surface Treatment of BASF’s Coatings division. The company is headquartered in Frankfurt am Main, Germany, and comprises of 40 companies, 21 production sites worldwide and a strategic network of technology centers.

SNCZ

SNCZ is the global leader in anticorrosive pigments. Product range includes standard and modified zinc phosphates, alcaline-earth phosphates, modified amorphous silicas and chromates. Most of customers are manufacturers of industrial protective coatings such as coil coatings, automotive OEM coatings, automotive refinish coatings, marine coatings, heavy duty coatings, heavy vehicle coatings, electrical appliance coatings, aerospace coatings.

Segmentation Overview:

Among different product types, General segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Coating segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Zinc Phosphate market covered in Chapter 3:

SNCZ
Hanchang Industries
Xinsheng
Chemetall
Hubbard-Hall
Vanchem
VB Technochemicals
Delaphos
Haosheng
Henkel

In Chapter 4 and Chapter 14.2, on the basis of types, the Zinc Phosphate market from 2018 to 2029 is primarily split into:

General
High Purity
High Zinc
Superfine

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Zinc Phosphate market from 2018 to 2029 covers:

Medical
Coating
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)