Zinc, a chemical element or a lustrous bluish-white metal which has an extremely shiny surface. It is abundantly found in earth’s crust and most important zinc ores are zinc spar, zinc carbonate, zinc blend, zinc sulphide, and zinc oxide among others. The increasing demand for zinc sulfates from numerous sector including agricultural, chemical, and rubber applications is expected to provide lucrative opportunities to the zinc chemicals manufacturers.According to AMA, the market for Zinc Chemicals is expected to register a CAGR of 5.26% during the forecast period to 2024. This growth is primarily driven by Rapid Growth of Automotive Industry in Asia Pacific Region, Increasing Demand for Zinc Chemicals in the Agriculture Industry and Surging Growth of Glass & Ceramics Industry Worldwide.
Globally, a noticeable market trend is evident Increasing Usage of Fertilisers in Developing Economies. Major Vendors, such as Aterian Investment Partners (US Zinc) (United States), EverZinc (GHC) (Canada), Akrochem (United States), BruggemannChemical (Germany), Weifang Longda Zinc Industry (China), Hakusuitech (Japan), American Chemet Corporation (United States), Rubamin (India), Zinc Oxide LLC (United States) and Numinor (Israel) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2019, Aterian Investment Partners (“Aterian”), a private investment firm, announced that it has acquired U.S. Zinc.
- Rapid Growth of Automotive Industry in Asia Pacific Region
- Increasing Demand for Zinc Chemicals in the Agriculture Industry
- Surging Growth of Glass & Ceramics Industry Worldwide
- Increasing Usage of Fertilisers in Developing Economies
- New Rubber Standards Imposed in both Developed and Developing Countries to Impact the Demand for Compounded Rubber
Increasing Usage of Zinc Chemicals in Electronics & Semiconductors Industry
Diminishing Usage of Zinc Chemicals in Paints & Coatings Industry and The Growth in the Prices of Zinc Chemicals
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