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Zinc Chemicals Market Size (2024 - 2029)

The zinc chemicals market is projected to experience growth over the forecast period, driven by increased use in the automotive sector and rising demand from the rubber tire industry. Despite challenges posed by health concerns related to zinc-based chemicals, the market has rebounded to pre-pandemic levels. Advancements in zinc nanoparticles for medical applications present promising opportunities for expansion. The Asia-Pacific region currently leads in market dominance and is expected to maintain its position.

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Market Size of Zinc Chemicals Industry

Zinc Chemicals Market Summary
Study Period 2019 - 2029
Market Volume (2024) 4.36 Million tons
Market Volume (2029) 5.43 Million tons
CAGR (2024 - 2029) 4.47 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Zinc Chemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

Zinc Chemicals Market Analysis

The Zinc Chemicals Market size is estimated at 4.36 Million tons in 2024, and is expected to reach 5.43 Million tons by 2029, growing at a CAGR of 4.47% during the forecast period (2024-2029).

The outbreak of COVID-19 brought several short-term and long-term consequences in the construction, petrochemical, and other industries, which affected the zinc chemicals market across the world. However, presently, the market has returned to the pre-pandemic level.

  • Over the short term, the rising utilization in the automotive industry and increasing demand from the rubber tire industry are likely to drive the growth of the zinc chemicals market.
  • On the flip side, factors such as health hazards related to zinc-based chemicals are expected to hinder the growth of the market.
  • The emerging research and technological advancements in the field of zinc nanoparticles employed for diagnosis, imaging, and treatment of cancer are expected to offer great opportunities for the zinc market over the upcoming years.
  • Asia-Pacific has dominated the market and is expected to continue dominating it during the forecast period.

Zinc Chemicals Industry Segmentation

Zinc is a chemical element and does not rust easily like iron and other metals. Hence, zinc protects iron and other metals from rust. Owing to the versatile and favorable chemical properties of zinc chemical, its application in the automotive, agriculture, and construction industries is rising rapidly.

The zinc chemicals market is segmented by type, end-user industry, and geography. By type, the market is segmented into zinc oxide, zinc sulfate, zinc carbonate, zinc chloride, and other types. By end-user industry, the market is segmented into agriculture, chemicals and petrochemicals, ceramics, pharmaceuticals, paints and coatings, rubber processing, and other end-user industries. The report also covers the size and forecasts for the zinc chemicals market in 27 major countries across various regions. For each segment, the market sizes and forecasts are provided in terms of volume (kilotons).

Type
Zinc Oxide
Zinc Sulfate
Zinc Carbonate
Zinc Chloride
Other Types
End-user Industry
Agriculture
Chemicals and Petrochemicals
Ceramic
Pharmaceutical
Paints and Coatings
Rubber Processing
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Turkey
Russia
NORDIC Countries
Rest of Europe
South America
Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa
Saudi Arabia
Nigeria
Qatar
Egypt
United Arab Emirates
South Africa
Rest of Middle East and Africa
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Zinc Chemicals Market Size Summary

The zinc chemicals market is poised for growth, driven by increasing demand in the automotive and rubber tire industries. The market, which experienced disruptions due to the COVID-19 pandemic, has rebounded to pre-pandemic levels. The automotive sector's expanding use of zinc chemicals, particularly in tire manufacturing, is a significant growth driver. However, health concerns related to zinc-based chemicals pose challenges to market expansion. Despite these challenges, advancements in zinc nanoparticles for medical applications present new opportunities. The Asia-Pacific region, particularly countries like China, India, and Japan, dominates the market due to its robust automotive and rubber industries, as well as its significant chemical processing capabilities.

The rubber processing segment remains the largest consumer of zinc chemicals, with substantial use in tire production. The growing popularity of electric vehicles is expected to further boost tire demand, thereby increasing zinc chemical consumption. In Asia-Pacific, the extensive application of zinc chemicals in agriculture, rubber, and chemical processing supports the region's market dominance. China and India, with their large-scale chemical and rubber industries, are key contributors to market growth. The region's demand for zinc chemicals is also fueled by the agrochemical industry, where zinc sulfate is used as a fertilizer additive. The market is characterized by fragmentation, with several key players like US Zinc and EverZinc competing for market share.

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Zinc Chemicals Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Utilization in Automotive Industry

      2. 1.1.2 Increasing Demand from the Rubber Tires Industry

    2. 1.2 Restraints

      1. 1.2.1 Health Hazard Related to Zinc Chemical

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size by Volume)

    1. 2.1 Type

      1. 2.1.1 Zinc Oxide

      2. 2.1.2 Zinc Sulfate

      3. 2.1.3 Zinc Carbonate

      4. 2.1.4 Zinc Chloride

      5. 2.1.5 Other Types

    2. 2.2 End-user Industry

      1. 2.2.1 Agriculture

      2. 2.2.2 Chemicals and Petrochemicals

      3. 2.2.3 Ceramic

      4. 2.2.4 Pharmaceutical

      5. 2.2.5 Paints and Coatings

      6. 2.2.6 Rubber Processing

      7. 2.2.7 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Malaysia

        6. 2.3.1.6 Thailand

        7. 2.3.1.7 Indonesia

        8. 2.3.1.8 Vietnam

        9. 2.3.1.9 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Spain

        6. 2.3.3.6 Turkey

        7. 2.3.3.7 Russia

        8. 2.3.3.8 NORDIC Countries

        9. 2.3.3.9 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Colombia

        4. 2.3.4.4 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 Nigeria

        3. 2.3.5.3 Qatar

        4. 2.3.5.4 Egypt

        5. 2.3.5.5 United Arab Emirates

        6. 2.3.5.6 South Africa

        7. 2.3.5.7 Rest of Middle East and Africa

Zinc Chemicals Market Size FAQs

The Zinc Chemicals Market size is expected to reach 4.36 million tons in 2024 and grow at a CAGR of 4.47% to reach 5.43 million tons by 2029.

In 2024, the Zinc Chemicals Market size is expected to reach 4.36 million tons.

Zinc Chemicals Market Report Snapshots

Zinc Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)