PUBLISHER: Prismane Consulting | PRODUCT CODE: 1752346
PUBLISHER: Prismane Consulting | PRODUCT CODE: 1752346
The global zinc chemicals market is witnessing steady growth, fueled by increasing demand across key end use industries such as agriculture, rubber manufacturing, automotive, and pharmaceuticals. Among the various zinc chemical types, Zinc Oxide leads the market with over 55% share, followed by Zinc Sulfate (30%), Zinc Chloride (10%), and Zinc Carbonate (5%). Zinc Oxide's critical role in rubber manufacturing, particularly in tire production, has positioned it at the forefront of this market.
As electric vehicle adoption accelerates and global automotive output increases, the demand for tires and therefore for zinc-based compounds is estimated to remain strong. This trend is especially significant in the Asia-Pacific region, where major auto manufacturing hubs like China, India, Japan, South Korea, and Thailand are pushing the demand for Zinc Chemicals even higher.
Rubber compounding stands out as the largest application segment, accounting for more than 40% of total market demand. Other important sectors include agriculture, where zinc sulfate is widely used in fertilizers, and food and pharmaceuticals, where zinc plays a vital role in nutritional supplements and crop productivity.
One of the key growth drivers in the agricultural sector is the rising awareness of zinc deficiency in soils, which affects over 50% of the world's arable land. With the global population projected to reach 9 billion by 2050, improving crop yields has become critical. Zinc Chemicals, particularly zinc oxide and zinc sulfate, are increasingly used to improve soil health and food quality.
However, the industry is facing some headwinds. The rising cost of raw materials, especially zincate ores, has pushed up the prices of Zinc Chemicals, potentially tightening supply and increasing production costs for manufacturers. This may impact pricing trends and profit margins over the short to medium term.
Global players such as U.S. Zinc, Akrochem Corp., Rubamin, Zinc Oxide LLC, and Weifang Longda Zinc Industry are at the forefront of the market, ensuring product quality and expanding capacity. Notably, Zinc Nacional announced in 2021 its plans to expand production with new facilities in Mexico and the USA, adding a combined 17 kilo tons to its zinc oxide output.
The Zinc Chemicals market is set for long-term growth, fueled by demand in automotive and agriculture, expanding production capacities, and increased awareness of zinc's essential role in both industrial and biological applications. While raw material costs pose a challenge, strong market fundamentals and innovation from key players are estimated to sustain positive momentum.
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by type and by application has been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).
Note: CAGR will be calculated for all type and application to arrive at the regional / global demand growth for the forecast period (2025 - 2034)
Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.