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The global zinc chemicals market is studied in great detail in the latest report from Market Research Future (MRFR). The global zinc chemicals market is profiled in order to understand key markers about it historical growth trajectory, its leading players, and major growth drivers and restraints. A comprehensive overview of the global zinc chemicals market is presented in the report for the benefit of readers interested in making moves in the global zinc chemicals market.
Zinc Chemicals Market include zinc sulfate, zinc oxide, zinc carbonate, and zinc chloride. These are used in a wide array of end-use industries for various applications. One of the major applications of the global zinc chemicals market is rubber compounding. Zinc oxides are often used as vulcanizing agent in the manufacturing of rubber. This is a major driver for the global zinc chemicals market and is likely to drive its growth over the forecast period due to the growing demand for rubber tires from the automotive industry and the growing demand for rubber footwear. The automotive industry is likely to remain a leading end user for the zinc chemicals market over the forecast period, as tire integrity is vital for maintaining vehicles in good nick. The growing urbanization in emerging regions has also driven the footwear industry, which is likely to drive the zinc chemicals market over the forecast period.
Zinc chemicals also find widespread usage in feed additives, food, and fertilizers. This is also likely to be a major driver for the global zinc chemicals market over the forecast period due to the growth of the agriculture industry and the growing demand for enhanced, nutritive food and animal feeds.
In March 2019, a new study found that micronutrient-fortified rice can be a great way of delivering iron and zinc into the bodies of Ghanaian children. Such efforts could become commonplace in the coming years as global hunger rears its head and governments do their best to feed their populace. The zinc chemicals market could play a key role in this movement due to the crucial role of zinc in the human body as a micronutrient.
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Segmentation:
The global zinc chemicals market is segmented on the basis of product type and end user.
On the basis of type, the zinc chemicals market is segregated into zinc oxide, zinc sulfate, zinc carbonate, zinc chloride, others. Zinc sulfate holds a dominant 30% share in the global zinc chemicals market, followed by zinc oxide and zinc chloride.
By application industry, the zinc chemicals market is segmented into rubber compounding, agriculture, glass and ceramics, paints and coatings, chemicals, food and pharmaceuticals, textiles, and others. Rubber compounding holds the dominant share in the global zinc chemicals market and is likely to remain the leading revenue generator over the forecast period.
Competitive Dashboard:
The noted players participating in the share analysis of the global zinc chemicals market are American chemet corporation (U.S), U.S. Zinc (U.S.), Weifang Longda Zinc Industry (China), GHC (Canada), Hakusuitech co. Ltd (Japan), Rubamin (India), Zinc Oxide LLC (US), American Chemet Corporation (U.S.), Akrochem Corporation (U.S.), and BrüggemannGruppe (Germany).
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Regional Analysis:
Asia Pacific is expected to dominate the global zinc chemicals market due to the growing rubber industry, agriculture industry, and construction industry in the region.
Of the ten largest producers of rubber in the world, seven are in Asia Pacific, including Thailand, Indonesia, Vietnam, China, and India. These countries are likely to keep advancing as major rubber industry powerhouses in the coming years, driving the demand from the zinc chemicals market. The growing automotive industry in these countries is also likely to drive the rubber industry further.
Agricultural applications of zinc chemicals are also rife in Asia Pacific due to the growing demand for effective pesticides and weed killers. The growing use of such chemicals has led to a growing demand from the zinc chemicals market in the region. The increasing pressure on the agriculture industry in the region to increase production is likely to drive the zinc chemicals market in the region over the forecast period.
Zinc chemicals are also used in paints and coatings, which has driven their usage in construction applications. The rapid growth of the construction industry in Southeast Asian economic giants such as China, Malaysia, Indonesia, Thailand, and India is likely to drive the zinc chemicals market in the region over the forecast period.
Industry News:
- In June 2019, FBM Metals (UK) Ltd, UK's largest secondary zinc processor, is planning to open a new zinc facility through its subsidiary, FBM Zinc Ltd, for the production of a new compound that is used in a wide range of products.
- In June 2019, Azure Minerals Limited, an Australia-based emerging mining company, has started trial mining and processing at its Oposura zinc-lead project in Sonora, Mexico.
- In January 2019, a European specialty zinc chemical business, EverZinc, has completed the acquisition of G.H. Chemicals Ltd., and Microzinc Inc., (GHC), which is a Canadian producer and exporter of French Process zinc oxide products.
- In September 2018, El Segundo-based NantEnergy has announced the launch of a rechargeable zinc-air battery storage system.
- In August 2018, G.H. Chemicals (GHC) Ltd., supplier of zinc oxide, has received a Certificate of Suitability (CEP) for marketing its products in Europe.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Zinc Chemicals Market
5 Industry Overview Of Global Zinc Chemicals Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
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