Market Size of Zinc Chloride Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Zinc Chloride Market Analysis
The market for zinc chloride is expected to register a CAGR of 3% during the forecast period. A major factor that will drive the growth of the zinc chloride market during the forecast period is the growth of the textile industry, which is expected to lead to an increase in the demand for zinc chloride. Additionally, zinc chloride is used in the chemical industry for manufacture of dyes, intermediate chemicals, and solvents, like ethyl acetate. On the flipside, the high toxicity of zinc chloride causes serious health hazards, thereby, hampering the growth of the market studied.
- The textile industry is expected to have a high demand for zinc chloride, during the forecast period.
- The Asia-Pacific region is expected to be the largest and the fastest-growing market, owing to the increasing demand from various end-user industries.
