Zinc Chemicals Market 2020: Global Industry Exhibits Huge Growth

zinc chemicals market accounted for USD 7.83 billion in 2017 and is projected to grow at a CAGR of 5.7% during the forecast period of 2020 to 2025. Zinc chemicals are inorganic compounds manufactured from two different processes such as direct and indirect.

Major Market Competitors: Global Zinc Chemicals Market

Some of the major players in zinc chemicals market Akrochem, American Chemet Corporation, Bruggemannchemical, GHC, Hakusuitech, Numinor, Pan-Continental Chemical, Rech Chemical

Rubamin, Seyang Zinc Technology, Toho Zinc, Transpek-Silox, US Zinc, Uttam Industries, Weifang Longda Zinc Industry, Zinc Oxide Llc and many more.

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Zinc oxide produced by the indirect process is pure than that through the direct process. There is a growing demand for zinc chemicals in rubber compounding, agriculture, glass & ceramics, paints & coatings, chemicals, food & pharmaceuticals and textiles activates, which is expected to be one of the major drivers of the market over the next seven years.

Market Segmentation: Global Zinc Chemicals Market

The zinc chemicals market is segmented on the basis of type into zinc oxide, zinc sulfate, zinc carbonate, zinc chloride and others.

·         On the basis of application, the market is segmented into rubber compounding, agriculture, glass & ceramics, paints & coatings, chemicals, food & pharmaceuticals, textiles and others.

·         On the basis of geography, the zinc chemicals market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.

Competitive Landscape: Global Zinc Chemicals Market

The global zinc chemicals market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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Major Market Drivers:

·         Growth in Automotive sector in Asia-Pacific

·         Demand for zinc chemicals in the agriculture industry

·         Growing glass & ceramics sector

Market Restraint:

·         Falling usage of zinc chemicals in paints & coatings

·         High prices of zinc chemicals

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