Global Zinc Chemical Market To Generate A Revenue Of USD 12.49 billion By 2028

According to the report, the global Zinc Chemical market size was valued at approximately USD 9.5 billion in 2021 and is predicted to reach around USD 12.49 billion by the end of 2028, expanding at a CAGR of around 4.3% from 2022 to 2028.

Zinc is a diamagnetic, lustrous, and bluish-white metal which is unlike other common metals that are generally dull in physical appearance. Zinc is relatively less dense as compared to iron and displays a crystal structure resembling a hexagon. Under normal conditions, zinc is brittle and hard but when exposed to temperatures ranging between 100 to 150 degrees Celsius, it becomes malleable.

If not the best, zinc is still regarded as a decent conductor of electricity and exhibits a low melting and boiling point, 419.5°C and 907 °C respectively. Almost all alloys are known to contain zinc in some form. Some of these alloys include antimony, aluminum, silver, mercury, lead, tin, nickel, cobalt, magnesium, and others.

This process of zinc extraction involves separating hydrophilic material from hydroponic material. The next step is followed by roasting, the method of heating a given sulfide ore to an extremely high temperature while the mineral is surrounded by air. The last step is called extraction which is carried out with the aid of electricity also called electrowinning. Zinc has been named an important trace element for living organisms including animals, humans, microorganisms, and plants. A trace element is also called a minor element and is present in extremely low concentrations.

The global zinc chemical market is anticipated to grow due to the high applications of the chemical in the rubber compounding and pharmaceutical industry. Zinc plays an important role in the vulcanization process involving heating rubber along with sulfur activator and accelerator at 140 to 160°C. Vulcanization aims to harden the processed rubber. Zinc oxide acts as an activator in this process and once added, it also helps to reduce processing time. Zinc oxide is also known to improve the physical traits of the final rubber in the solid state.

It is also used to process uncured rubber. In the pharmaceutical sector, zinc and its different states are used to cure various medical conditions ranging from skin disorders to zinc deficiency. Zinc, when used in appropriate and recommended amounts, can help in curing diarrhea amongst children along with boosting the wound healing process.

The global market may witness some roadblocks due to strict regulations surrounding the use of zinc across regions. Since zinc is classified as hazardous, local and regional regulatory bodies have systems in place to regulate the use and distribution of zinc and related compounds. When handling zinc oxide, it is imperative to maintain the highest level of precaution to avoid any negative health impact. These regulations could impede the addition of new market players in the coming years.

The application in the electronics industry may provide more growth scenarios while concerns associated with alkaline zinc-air batteries may pose a major challenge.

The global zinc chemical market is segmented based on product type, application, and region

Based on product type, the global market is divided into zinc sulfate, zinc oxide, zinc chloride, and zinc carbonate. Currently, the market registers the highest revenue from zinc oxide due to the versatility of the chemical. It has a preferred chemical when manufacturing personal care cosmetics items. It also protects the skin from acne, while controlling excess oil, sun damage, and bacterial infection protection, amongst others. As per the Food and Drugs Administration, zinc oxide can be used up to a concentration of 25% in cosmetics products since this quantity is regarded as safe to use.

Based on application, the global market segments are agriculture, rubber compounding, paints & coatings, pharmaceuticals, and food & beverages. The global market witnessed the highest growth in the paints & coatings market and the same trend is expected in the future.

The high CAGR is attributed to the increasing application of zinc in products that are applied as protective coatings over materials that undergo corrosion. Paints that are rich in zinc contain up to 85% to 92% or pigments of zinc metal that subsequently act as excellent anti-corrosion agents. These paints are known to create a barrier of metallic zinc and provide cathodic protection to iron or steel that lies beneath.

Asia-Pacific is projected to lead the global zinc chemical market growth by 2028 which could be attributed to the growing number of players in the rubber industry along with the rising revenue witnessed in the paints and coatings sector of economies like India and China. The former currently houses multi-billion dollar business players in the coating section. The growing agrochemical industry of these regions along with the use of zinc as fertilizers could drive regional market expansion. In 2020, Japan produced more than 1.19 million metric tons of rubber and currently ranks as the largest producer of rubber across the globe. India boasts more than 35 tire makers and over 5500 producers of conveyor belts, seals, and other non-tire products.

The global zinc chemical market is led by players like Weifang Longda Zinc Industry, Hakusuitech Co. Ltd, BrüggemannGruppe, Zinc Oxide LLC, American Chemet Corporation, U.S. Zinc, and Rubamin amongst others.

 Recent Developments:

• In January 2022, Zochem LLC announced its plan to expand its distribution territory in the Canadian market
• In June 2022, Aterian Investment Partners announced the acquisition of EverZinc

This review is based on a report by Zion Market Research, titled “Zinc Chemical Market By Application (Agriculture, Rubber Compounding, Paints & Coatings, Pharmaceuticals, and Food & Beverages), By Product Type (Zinc Sulfate, Zinc Oxide, Zinc Chloride, and Zinc Carbonate), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.”- Report at https://www.zionmarketresearch.com/report/zinc-chemical-market

The global zinc chemical market is segmented as follows:

By Application

• Agriculture
• Rubber Compounding
• Paints & Coatings
• Pharmaceuticals
• Food & Beverages

By Product Type

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

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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