Inorganic Zinc Chemicals Market Future Growth, Trends and Forecast 2023 to 2030 – EverZinc, TIB Chemicals AG, Weifang Longda Zinc Industry Co

 



Inorganic Zinc Chemicals Market Overview:

Inorganic zinc chemicals refer to a group of compounds derived from zinc that are used for various industrial applications. These chemicals exhibit excellent corrosion resistance properties, making them highly desirable in sectors where protection against rust and degradation is crucial. The versatility of inorganic zinc chemicals allows their utilization in numerous industries, ranging from automotive and construction to agriculture and manufacturing.

The market has witnessed substantial growth in recent years. The increasing demand for corrosion protection solutions, particularly in the construction and automotive sectors, has been a significant Inorganic Zinc Chemicals driving factor. Inorganic Zinc Chemicals Market Share was USD 7,413.71 Million in 2022. It is projected to reach USD 11,056.04 Million by 2030, indicating a CAGR of 5.2% during the forecast period.

Market Drivers:

Several factors are fueling the growth of the inorganic zinc chemicals market. These include:

·        Rising need for anti-corrosive coatings in various industries

·        Growing construction and infrastructure development activities

·        Increasing focus on environmental regulations and sustainable solutions

·        Advancements in the automotive sector and the rising demand for electric vehicles

·        Growing awareness regarding the benefits of inorganic zinc chemicals in agriculture

Market Challenges

Despite the positive outlook, the market faces certain challenges that need to be addressed. These include:

·        Fluctuating prices of raw materials

·        Intense competition from alternative corrosion protection technologies

·        Regulatory complexities and compliance requirements

·        Potential health and environmental concerns associated with certain inorganic zinc chemicals

Inorganic Zinc Chemicals Market Full Report: https://www.consegicbusinessintelligence.com/inorganic-zinc-chemicals-market

Competitive Landscape

The inorganic zinc chemicals market is highly competitive, with several key players operating on a global scale. These companies focus on research and development activities, strategic partnerships, and product innovations to strengthen their market presence. Some of the prominent players in the market include:

·        EverZinc

·        TIB Chemicals AG

·        Weifang Longda Zinc Industry Co. Ltd

·        Rubamin

·        ZINC OXIDE LLC

·        Hakusuitech Co. Ltd.

·        Merck KGaA

·        Tata Chemicals Ltd.

·        TOHO ZINC CO. LTD.

·        Zinc Nacional S.A.

·        ARIHANT SOLVENTS AND CHEMICALS

Market Segmentation:

By Form       

Powder and Solution

By Type        

Zinc Chloride, Zinc Oxide, Zinc Sulfate, Zinc Sulfide, and Others

By Application       

Fertilizers, Lubricants, Dyes, Ointments, Wood Preservatives, Die Casting Alloys, Coatings, Chemical Intermediates, API, and Others

By End Use Industry        

Automotive, Agriculture, Paints & Coatings, Chemicals, Rubber, Pharmaceuticals, Personal Care & Cosmetics, and Others

Regional Analysis:

North America holds a significant share in the inorganic zinc chemicals market. The region's robust industrial infrastructure, coupled with the presence of major end-use industries, drives the demand for these chemicals.

Europe is another prominent market for inorganic zinc chemicals. The region's well-established automotive, construction, and coatings industries create a substantial demand for corrosion protection solutions.

Asia Pacific is witnessing rapid industrialization and urbanization, resulting in significant market growth for inorganic zinc chemicals. The region's booming automotive and construction sectors, coupled with the expanding manufacturing activities, offer lucrative opportunities for inorganic zinc chemicals market players.

Recent Development:

In 2021, Umicore, a leading materials technology and recycling group, announced the expansion of its production capacity for zinc chemicals. The company invested in a new production line in its plant in China, aiming to meet the growing demand for inorganic zinc chemicals in the Asian market.

In 2020, US Zinc, a subsidiary of Votorantim Group, completed the acquisition of the zinc oxide and zinc dust business of Zochem, a leading manufacturer of zinc oxide in North America. This strategic acquisition strengthened US Zinc's position in the market and expanded its product portfolio of inorganic zinc chemicals.

About CBI

Consegic Business Intelligence Pvt Ltd. is the leading research industry that offers contextual and data-centric research services to its customers across the globe. The firm assists its clients to strategize business policies and accomplish sustainable growth in their respective market domains. The industry provides consulting services, syndicated research reports, and customized research reports.

Topnotch research organizations and institutions to comprehend the regional and global commercial status use the data produced by Consegic Business Intelligence Pvt Ltd. Our reports comprise in-depth analytical and statistical analysis on various industries in foremost countries around the globe.

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