Market Size of Zinc Chemicals Industry
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.