Zinc Chemicals Market 2019 Global Industry Trends, Statistics, Size, Share, Growth Factors, Emerging Technologies, Regional Analysis, Competitive Landscape Forecast to 2023

05/set/2019 07:51:41 Tejas Amale Contatta l'autore

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Market Synopsis:

Zinc chemicals are inorganic compounds that exhibit unique properties for different different end-user industries. According to Market Research Future (MRFR) 's report, the global zinc chemicals market is anticipated to strike at moderate CAGR through the forecast period 2017 to 2023. It is found in different forms such as pellets, powder, and surface-treated, etc . which makes it convenient to be used for different purposes in the industry verticals.

The use of the chemical as a vulcanization agent is expected to propel the expansion of zinc chemicals market over the next couple of years. It is used in the manufacturing of rubber which is extensively used in the automotive sector. Hence, the growth of the automobile industry is expected to boost the revenue generation of the market in the years to come. Also, the growing demand for other rubber-based products such as conveyor belts, latex gloves, etc. is anticipated to favor market expansion.  

The rising demand for food production is anticipated to catalyze the growth of the market in the nearby future. It has intensified the need for fertilizers which is poised to fuel demand for zinc sulfate over the next few years. Thus, the report projects a lucrative future trajectory for the global zinc chemicals market.

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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).

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 Australian-based emerging mining company, started its mining and processing trial at its Oposura zinc-lead project in Sonora, Mexico.
  • In January 2019 , a European specialty zinc chemical business, EverZinc, has completed the acquisition of GH 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 announced the launch of a rechargeable zinc-air battery storage system.
  • In August 2018 , GH Chemicals (GHC) Ltd., supplier of zinc oxide, received a Certificate of Suitability (CEP) for marketing its products in Europe.

Market Segmentation:

The global zinc chemicals market has been segmented into zinc chloride, zinc sulfate, zinc oxide, zinc carbonate, others. Among these, the zinc sulfate is likely to be used in fertilizers, agricultural sprays, consumer goods, and animal feeds.

The zinc chemicals market, by application industry, has been segmented into agriculture, rubber compounding, glass & ceramics, chemicals, food & pharmaceuticals, paints & coatings, textiles, and others.

Regional Analysis:

By region, the Global Zinc Chemicals Market has been segmented into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa (MEA). Asia Pacific holds the largest share of the market and is anticipated to expand to the highest CAG over the forecast period. The flourishing industrial project is to support the expansion of the zinc chemicals market in the region. Precisely, the growth of automotive, agriculture, and construction industries are poised to drive the growth in the region over the assessment period. North America and Europe are lucrative revenue pockets and projected to substantial growth in the years to how. The presence of major players in the region is expected to be supported by the proliferation of zinc chemicals in the forthcoming years.

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