Zinc Chemicals Market Size
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 4.35 Million tons |
| Market Volume (2029) | 5.37 Million tons |
| CAGR (2024 - 2029) | 4.32 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Zinc Chemicals Market Analysis
The Zinc Chemicals Market size is estimated at 4.35 Million tons in 2024, and is expected to reach 5.37 Million tons by 2029, growing at a CAGR of 4.32% 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 demand for the zinc chemicals market.
- On the flipside, factors such as health hazards related to zinc-based chemicals 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 upcoming years.
Zinc Chemicals Market Trends
This section covers the major market trends shaping the Zinc Chemicals Market according to our research experts:
Rubber Processing Segment to Dominate the Market
- The rubber processing segment is the dominating segment owing to the large-scale consumption of zinc chemicals in galvanization and manufacturing tires.
- Zinc chemicals are widely used in manufacturing tires and tubes commonly used in automobiles; the growing automobile industry is expected to augment the overall demand for zinc chemicals shortly.
- According to the International Rubber Study Group (IRSG), global natural rubber production increased positively by 5.4% in 2021, reaching 13.770 million tons from 13.065 million tons produced in 2020.
- In 2021, the global demand for rubber increased by 9.4% (year over year), surpassing pre-pandemic levels with a total of 29.57 million tons. Pent-up demand from the tire and non-tire sectors, particularly in the first half of 2021, contributed to the strong rebound.
- The growing popularity of electric vehicles is expected to drive the demand for automotive tires, thereby propelling the consumption of tires in the automotive industry, which in turn goes to the zinc chemical market.
- Also, higher loadings of zinc oxide can improve hot air/heat aging properties, and too low a concentration of zinc oxide can lead to scorching problems. Furthermore, it reduces heat buildup and wears in tires, thus, making it an important segment in the rubber tire industry. Thus, with the growth in the tire industry, the consumption of zinc oxide is also increasing concurrently.
- Asia-Pacific countries like China, India, Japan, South Korea, and Thailand are the primary producer of automobiles; hence the requirement for the zinc chemical market is projected to increase from this region in the forecast period.
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, chemicalsprocessing, and agriculture among others.
- China is a hub for chemical processing, accounting for most chemicals produced worldwide. Owing to the encouraging government initiatives and a vast consumer base, the chemical manufacturing sector in China is expected to increase at a consistent rate during the forecast period. The increasing production of chemicals is expected to create an opportunity for the growth of the studied market in the country in the near future.
- 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.
- Furthermore, India is home to over 2,500 decorative coatings and 800 industrial coatings manufacturers. This increasing demand for coatings has prompted the companies to increase their production and production capacities. This is expected to drive the demand for the liquid synthetic rubber market in the country, which further will boost the demand for zinc chemicals in coming years.
- In China & India demand for the zinc chemical expected to increase due to the growing agrochemical industry & economic growth. 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.
- Japan possesses one of the world's largest rubber industries as it is one of the major hub of tire production. According to the Japan Automobile Tyre Manufacturers Association, the consumption of rubber recorded about 1.01 million tons of rubber in 2021. Among both the rubber types (including natural and synthetic rubber), the synthetic rubber accounted about 402,597 tons in 2021.
- Furthermore, the country is ranked third globally, only behind China and the United States, in terms of the 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, which is expected to present an exciting market arena for zinc chemicals from the rubber processing industry over the forecast period.
- Hence, all such market trends are expected to drive the demand for zinc chemical market in the region during the forecast period.
Zinc Chemicals Industry Overview
The global zinc chemical market is fragmented, with no player capturing a significant share. Some of the key companies in the market include U.S. Zinc, Zochem Inc, EverZinc, TIB Chemicals AG, and Weifang Longda Zinc Industry Co. Ltd., amongst others.
Zinc Chemicals Market Leaders
U.S. Zinc
Zochem Inc
EverZinc
TIB Chemicals AG
Weifang Longda Zinc Industry Co. Ltd
*Disclaimer: Major Players sorted in no particular order
Zinc Chemicals Market News
- Recent developments in the market studied will be covered in the complete report.
Zinc Chemicals Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Rising Utilization in Automotive Industry
4.1.2 Increasing Demand from the Rubber Tires Industry
4.2 Restraints
4.2.1 Health Hazard Related to Zinc Chemical
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size by Volume)
5.1 Type
5.1.1 Zinc Oxide
5.1.2 Zinc Sulfate
5.1.3 Zinc Carbonate
5.1.4 Zinc Chloride
5.1.5 Other Types
5.2 End-user Industry
5.2.1 Agriculture
5.2.2 Chemicals and Petrochemicals
5.2.3 Ceramic
5.2.4 Pharmaceutical
5.2.5 Paints and Coatings
5.2.6 Rubber Processing
5.2.7 Other End-user Industries
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 American Chemet Corporation
6.4.2 Changsha Lantian Chemical Co. Ltd.
6.4.3 EverZinc
6.4.4 Flaurea Chemicals
6.4.5 Global Chemical Co. Ltd
6.4.6 Hakusui Tech
6.4.7 Intermediate Chemicals Company
6.4.8 L. Brüggemann GmbH & Co. KG
6.4.9 Nexa
6.4.10 Old Bridge Chemicals Inc.
6.4.11 Pan-Continental Chemical Co. Ltd
6.4.12 Rech Chemical Co. Ltd
6.4.13 Rubamin
6.4.14 Seyang Zinc Technology (Huai An) Co. Ltd
6.4.15 Silox India Pvt. Ltd
6.4.16 TIB Chemicals AG
6.4.17 U.S. Zinc.
6.4.18 Weifang Longda Zinc Industry Co., Ltd.
6.4.19 Zochem LLC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 R&D in Application of Zinc Nanoparticle in Medical Industry
7.2 Growing Use in Electronics and Semiconductor Industry
Zinc Chemicals Industry Segmentation
Zinc is a chemical element and does not rust easily like iron and other metals. So, 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 industries are rising rapidly. The zinc chemicals market is segmented by type, end-user industry, and geography. Zinc Oxide, Zinc Sulfate, Zinc Carbonate, Zinc Chloride, and Other Types segment the market. 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 15 major countries across various regions. For each segment, the market sizing and forecasts have been done based on volume (kilo tons).
| 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 | |||||||
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Zinc Chemicals Market Research FAQs
How big is the Zinc Chemicals Market?
The Zinc Chemicals Market size is expected to reach 4.35 million tons in 2024 and grow at a CAGR of 4.32% to reach 5.37 million tons by 2029.
What is the current Zinc Chemicals Market size?
In 2024, the Zinc Chemicals Market size is expected to reach 4.35 million tons.
Who are the key players in Zinc Chemicals Market?
U.S. Zinc , Zochem Inc, EverZinc, TIB Chemicals AG and Weifang Longda Zinc Industry Co. Ltd are the major companies operating in the Zinc Chemicals Market.
Which is the fastest growing region in Zinc Chemicals Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Zinc Chemicals Market?
In 2024, the Asia Pacific accounts for the largest market share in Zinc Chemicals Market.
What years does this Zinc Chemicals Market cover, and what was the market size in 2023?
In 2023, the Zinc Chemicals Market size was estimated at 4.17 million tons. The report covers the Zinc Chemicals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Zinc Chemicals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Zinc Chemicals Industry Report
Statistics for the 2024 Zinc Chemicals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Zinc Chemicals analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
