Zinc Chemicals Market - Growth, Trends, COVID-19, and Forecast (2021 - 2026)

The market is segmented by Type (Zinc Oxide, Zinc Sulfate, Zinc Carbonate, Zinc Chloride, and Other Types), End-user Industry (Agriculture, Chemicals and Petrochemicals, Ceramic, Pharmaceutical, Paints and Coatings, Rubber Processing, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for Zinc Chemicals in revenue (USD million) for all the above segments.

Market Snapshot

Zinc Chemicals Market - Market Summary
Study Period: 2016-2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: <4 %

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Market Overview

The market for zinc chemicals is expected to grow at a CAGR of about 4% globally during the forecast period. Zinc is a chemical element and does not rust easily like iron and other metals. So, the zinc protects the other metals & iron from rust. Owing to the versatile and favorable chemical properties of Zinc Chemical, its application in the automotive, agriculture, and construction industry is rising rapidly, consequently propelling the market growth.

  • The rising utilization in the automotive industry and increasing demand from the construction industry are likely to drive the demand for zinc chemicals market.
  • On the flipside, health hazards related to zinc-based chemicals and the unfavorable conditions arising due to the COVID-19 outbreak are expected to hinder the growth of the market.
  • The emerging research and technological advancement in the field of zinc nanoparticles employed for diagnosis, imaging, as well as treatment of cancer offer great opportunities for the zinc market over the next five years.

Scope of the Report

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, Ceramic, Pharmaceutical, Paints and Coatings, Rubber Processing, and Other End-user Industries. The report also covers the market size and forecasts for the zinc chemicals market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

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
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Rubber Processing Segment to Dominate the Market

  • Rubber processing segment stands to be the dominating segment owing to large scale consumption of zinc chemical in galvanization and manufacturing tires.
  • Zinc chemicals are widely used in the manufacturing of tires and tubes that are widely used in the automobiles, the growing automobile industry is expected to augment the overall demand for zinc chemicals in the near future.
  • Growing popularity for electric vehicle is expected to drive the demand for automotive tires, thereby propelling the consumption of tires in the automotive industry which in turn drive the zinc chemical market.
  • Since 2018, the automotive industry has been experiencing a decline in production in countries, like United States, China, and Germany, due to which the consumption of zinc chemical is expected to drop. However, from 2021, the automotive industry is expected to witness a recovery in production.
  • Asia-Pacific countries like China, India, Japan, South Korea and Thailand are the major producer of automotibles; hence the requirement for zinc chemical market is projected to increase from this region in the forecast period.
Zinc Chemical Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region stands to be the dominating region owing to the vast and extensive application of zinc chemical derivatives in various applicationa including rubber processing, chemicals paints & coatings and agriculture among others.
  • China exported 5.4 million metric ton of tires in 2018. Almost 40% of the passenger car tires (total of 2 million metric ton), were sold in the United States and European Union. Of the 3.4 million metric ton of truck and bus tires exported, nearly 25% were sold in those markets.
  • In India, there are 40 tire manufacturers and around 6,000 non-tire manufacturers producing seals, conveyor belts, and extruded and moulded rubber profiles to be used in automotive, railway, defence, aerospace and other applications.
  • Japan possesses one of the largest rubber industries in the world, with over 1.33 million ton of rubber material consumed in 2018 and witnessed a Y-o-Y growth of 3.1% over 2017. Japan is ranked third in the world, only behind China and the United States, in terms of total amount of rubber material consumed. The largest producers of tires in Japan, like Tosoh Corporation, Zeon Corp., and Toyo Tire & Rubber Co. Ltd, are undergoing capacity additions.
  • Low cost and easy availability of chemical fertilizers act as key factors for the growth of the market. Zinc sulfate is used as a fertilizer additive in chemical fertilizers, thereby stimulating the zinc chemicals' market size.
  • In China & India demand for the zinc chemical expected to increase due to the growing agrochemical industry & economic growth.Hence, all such market trends are expected to drive the demand for zinc chemical market in the region during the forecast period.
Zinc Chemical Market Regional Trends

Competitive Landscape

The global zinc chemical market is fragmented with the presence of a few large-sized players and a large number of small players operating. Some of the major companies are U.S. Zinc., Pan-Continental Chemical Co., Ltd., EverZinc Canada (GHC), Boliden Group and L. Brügge­mann GmbH & Co. amongst others.

Recent Developments

  • In January 2020, Zochem LLC, one of the largest manufacturer of zinc oxide in North America, is expanding Palmer Holland’s distribution territory into Canada. Palmer Holland’s new distribution territory will now encompass both the United States and Canada.
  • In January 2019, EverZinc acquired G.H.C, the Canadian manufacturer and exporter of French Process zinc oxide products. The acquisition of GHC seems to be transformational investment for EverZinc that provides product and market expansion through major facilities in Quebec.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Utilization in Automotive Industry

      2. 4.1.2 Increasing Demand from Construction Industry

    2. 4.2 Restraints

      1. 4.2.1 Health Hazard Related to Zinc Chemical

      2. 4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Zinc Oxide

      2. 5.1.2 Zinc Sulfate

      3. 5.1.3 Zinc Carbonate

      4. 5.1.4 Zinc Chloride

      5. 5.1.5 Other Types

    2. 5.2 End-user Industry

      1. 5.2.1 Agriculture

      2. 5.2.2 Chemicals and Petrochemicals

      3. 5.2.3 Ceramic

      4. 5.2.4 Pharmaceutical

      5. 5.2.5 Paints and Coatings

      6. 5.2.6 Rubber Processing

      7. 5.2.7 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Akrochem Corporation

      2. 6.4.2 American Chemet Corporation

      3. 6.4.3 EverZinc

      4. 6.4.4 HAKUSUI TECH

      5. 6.4.5 L. Brügge­mann GmbH & Co. KG

      6. 6.4.6 Numinor

      7. 6.4.7 Old Bridge Chemicals, Inc.​

      8. 6.4.8 Pan-Continental Chemical Co., Ltd.

      9. 6.4.9 Rech Chemical Co.,Ltd.​

      10. 6.4.10 Rubamin

      11. 6.4.11 SEYANG ZINC TECHNOLOGY(HUAI AN) CO., LTD.​

      12. 6.4.12 TIB Chemicals AG​

      13. 6.4.13 Transpek-Silox Pvt Ltd​

      14. 6.4.14 U.S. Zinc.

      15. 6.4.15 Weifang Longda Zinc Industry Co., Ltd.

      16. 6.4.16 Zochem LLC

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 R&D in Application of Zinc Nanoparticle in Medical Industry

    2. 7.2 Growing Use in Electronics and Semiconductor Industry​

**Subject to Availability

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Frequently Asked Questions

The Zinc Chemicals Market market is studied from 2016 - 2026.

The Zinc Chemicals Market is growing at a CAGR of <4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

U.S. Zinc., Pan-Continental Chemical Co., Ltd., EverZinc Canada (GHC), Boliden Group , L. Brügge¬mann GmbH & Co. are the major companies operating in Zinc Chemicals Market.

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