Global Market Insights, Inc. present the report on Zinc Chemicals Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2019-2025. —
Zinc Chemicals Market size is anticipated rise substantially to 2025 led by increasing demand for these chemicals in several industries including rubber, painting/coating industry, agricultural and personal care. The increasing demand for fertilizers and personal care products may drive the zinc chemicals market size.
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Zinc chemicals are widely used in cosmetics and personal care products. The global cosmetic market for personal care product was valued at over USD 570 billion in 2018. Rise in standard of living, increase in purchasing power parity and disposable income and increasing importance of grooming and personal care may act as the key factors which may foster the zinc chemicals market demand.
Chemical fertilizers market account for USD 105 billion in 2018. Low cost and easy availability of chemical fertilizers act as key factor for the growth of the market. Zinc sulfate is used as a fertilizer additive in chemical fertilizers, thereby stimulating the zinc chemicals market size.
Zinc carbonate is utilized in cosmetics and personal care products in anti-microbial, anti- acne, anti-ageing, anti-pigmentation and anti-inflammatory cream and lotions owing to its superior properties to act as an antiseptic and fungicide. It is also used as sulfur absorber in petroleum industry.
Zinc chloride is used as a solvent for several applications including soldering flux, galvanization, vulcanized rubber and odor control. In 2018, textile market accounted for over USD 925 million. Zinc chloride is used to dissolve starch and cellulose in textile industry, which in turn stimulate zinc chemicals market demand.
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North America zinc chemicals market size led by the U.S. and Canada is expected to account a significant growth during forecasted period. Automobile sales in U.S was accounted at over 17 million units in 2018 owing to increased standard of living and disposable income. Rise in demand for automobile sector will increase the usage of rubber in tires which will eventually drive the regional product demand.
Global zinc chemicals market share is moderately fragmented. Companies like Weifang Longda, GHC, Hakusui Tech, U.S. Zinc, American Chemet Corporation, Rubamin, BrüggemannGruppe, and Akrochem Corporation are the prominent player catering in this market.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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