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Zinc Sulfate Market

Zinc Sulfate Market Forecasts to 2028 – Global Analysis By Product (FCC/ USP, Technical Grade), Form (Monohydrate, Hexahydrate), Application (Admixtures for Concrete, Agrochemical, Chemical) and By Geography

5.0 (22 reviews)
Published: August 2021 ID: SMRC20906
5.0 (22 reviews)
Published: August 2021 ID: SMRC20906

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Zinc Sulfate Market is accounted for $10.00 billion in 2020 and is expected to reach $18.23 billion by 2028 growing at a CAGR of 8.1% during the forecast period. Growing demand as a supplement for lack of zinc deficiency, increasing demand from chemical industry, and need of zinc sulfate as a fertilizer additive are driving the market growth. However, stringent rules and regulations and its side effects due to heavy dosage is hampering the growth of the market.

Zinc sulfate is an inorganic compound produced by treating zinc-containing metal, oxides, or minerals with sulfuric acid. It is a colorless, odorless, and crystalline solid. Zinc sulphate is primarily used as a precursor and raw material for a multitude of applications, ranging from pharmaceuticals, agrochemicals, water treatment chemicals, and other niche applications.

Based on the application, the agrochemical segment is going to have lucrative growth during the forecast period as it is mostly applied to crops, especially pecans, deciduous fruits, peanuts, cotton, corn, and citrus, and added to feed for cattle and poultry. By geography, Asia Pacific is going to have high growth during the forecast period as it is mostly adopted in the region owing to its specialization and advancements and moreover, growing awareness among consumers for a healthy diet in the region increases demand for zinc supplements.

Some of the key players profiled in the Zinc Sulfate Market include Changsha Latian Chemicals Co. Ltd, Old Bridge Chemical, Inc., Rech Chemical Co. Ltd, Tianjin Topfert Agrochemical Co., Zinc Nacional, Sulfozyme Agro India Pvt. Ltd., Alpha Chemicals, Sigma-Aldrich, Inc., Tianjin Xinxin Chemical Factory, Mid South Chemical Co., Inc., Merck KGaA, Finoric LLC and Hebei Yuanda Group.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 10.00 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

8.1%

Predicted 2028 Value:

USD 18.23 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

244

Chapters Covered:

Product, Form, Application, End User and Region

Core Drivers and Opportunities:

  • Growing demand as a supplement
  • Increasing demand from chemical industry
  • Need of zinc sulfate as a fertilizer additive

Restraining Factors & Market Threats:

  • Stringent rules and regulations regarding its manufacturing
  • Side effects due to heavy dosage


Products Covered:
• Food Chemicals Codex (FCC)/United States Pharmacopeia (USP) Grade
• Industrial Grade
• Technical Grade   

Forms Covered:
• Zinc Sulfate Monohydrate
• Zinc Sulfate Hexahydrate
• Zinc Sulfate Anhydrous
• Zinc Sulfate Heptahydrate

Applications Covered:
• Admixtures for Concrete
• Agrochemical
• Medicine/Healthcare
• Chemical
• Other Applications

End Users Covered:
• Textile
• Agriculture
• Food & Beverages
• Transportation

 Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Zinc Sulfate Market is majorly driven by growing demand as a supplement for lack of zinc deficiency, increasing demand from chemical industry, and need of zinc sulfate as a fertilizer additive.

The agrochemical segment is growing at a highest CAGR as it is mostly applied to crops, especially pecans, deciduous fruits, peanuts, cotton, corn, and citrus, and added to feed for cattle and poultry.

South America dominated with a significant market share due to the factors such as large presence of zinc deficient population in the country and the rise in the production of agrochemicals in the region.

Asia Pacific market is growing at a highest CAGR as it is mostly adopted in the region owing to its specialization and advancements and moreover, growing awareness among consumers for a healthy diet in the region increases demand for zinc supplements.

Key players in Zinc Sulfate Market include Changsha Latian Chemicals Co. Ltd, Old Bridge Chemical, Inc., Rech Chemical Co. Ltd, Tianjin Topfert Agrochemical Co., Zinc Nacional, Sulfozyme Agro India Pvt. Ltd., Alpha Chemicals, Sigma-Aldrich, Inc., Tianjin Xinxin Chemical Factory, Mid South Chemical Co., Inc., Merck KGaA, Finoric LLC and Hebei Yuanda Group.

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