Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 9.5 Billion | USD 12.49 Billion | 4.3% | 2021 |
FrequentlyAsked Questions
The global zinc chemical market is anticipated to grow due to the increasing demand for zinc as an anti-corrosion agent owing to its high-performance index. Corrosion describes the natural process through which a refined metal gets converted into an oxide that is more chemically stable.
According to study, the global zinc chemical market size was worth around USD 9.5 billion in 2021 and is predicted to grow to around USD 12.49 billion by 2028 with a compound annual growth rate (CAGR) of roughly 4.3% between 2022 and 2028.
The global zinc chemical market is projected to be dominated by Asia-Pacific due to the expanding electronics sector of countries like Japan, India, Singapore, Taiwan, and China. The increasing spending capacity aided by the growing population and demand for electronic items may drive regional market growth.
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.
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