Zinc Chemicals Global Market Report 2024

The zinc chemicals market size has grown strongly in recent years. It will grow from $9.88 billion in 2023 to $10.45 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth observed during the historical period can be attributed to factors such as the use of zinc in galvanization for construction purposes, increased demand in the automotive industry, its role in battery manufacturing, applications in pharmaceuticals and health products, and its expanding use in the textile industry.

The zinc chemicals market size is expected to see strong growth in the next few years. It will grow to $13.07 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The anticipated growth in the forecast period can be attributed to factors such as the rise in renewable energy applications, increased use in water treatment, expansion of agricultural practices, demand for anticorrosive coatings, growing awareness of the benefits of zinc, and the overall increasing demand in various end-use industries. Major trends expected in the forecast period include technological advancements in production processes, innovations in battery technology, the adoption of smart agriculture practices, advancements in pharmaceutical formulations, and trends of market consolidation and strategic alliances within the industry.

The zinc chemicals market is anticipated to experience growth, primarily attributed to the rapid expansion of the automotive industry. This sector encompasses various activities related to automobile manufacturing, distribution, retail, and maintenance. Zinc plays a vital role in producing automotive components such as door lock housing, pawls, retractor gears, pulleys for seat belt systems, camshaft components, and sensors. Its unique properties, including strength, ductility, and malleability, make it an indispensable material for automotive applications. As per Zippia Inc., the US automotive market is projected to be valued at $100.9 billion in 2022, producing 9.2 million vehicles in 2021. The motor vehicle and parts industry in the United States generated $1.53 trillion in revenue as of 2021, underscoring the significant impact of the automotive industry's rapid growth on the zinc chemicals market.

The zinc chemicals market is expected to benefit from the expanding rubber industry. This sector involves various processes related to rubber cultivation, processing, manufacturing, and distribution. Zinc chemicals play a crucial role in rubber compounding, influencing factors such as vulcanization, adhesion, aging resistance, and heat resistance. These aspects are essential for producing high-quality rubber products used in diverse applications. Recent data from the Rubber & Tyre Expo Vietnam indicates a global increase in natural rubber output by 3.8% over 2021, reaching 1.1 million tons, highlighting the growing importance of zinc chemicals in the rubber industry.

A key trend in the zinc chemicals market is technological advancement, with major companies focusing on developing advanced chemicals to strengthen their market positions. For instance, Bimeda, an Ireland-based company specializing in animal health products, introduced Zinc Oxide Spray in November 2021. This innovative skin-protection ointment, containing zinc oxide, lanolin, and allantoin, serves various animals, forming an air-permeable protective coating against irritants.

Companies in the zinc chemicals market are also embracing strategic partnerships to leverage unique manufacturing technologies. In August 2023, Nevada Zinc Corporation, a Canadian manufacturer of zinc chemicals, announced a strategic partnership with BelZinc Srl. This collaboration aims to position Nevada Zinc as a zinc oxide producer using feedstock from the Lone Mountain non-sulphide zinc deposit and BelZinc's patented production technology. The partnership includes the supply of zinc oxide to smelters, contributing to reduced hazardous emissions. Nevada Zinc will provide BelZinc with ownership shares, fostering mutual collaboration and expansion opportunities.

In June 2022, U.S. Zinc, a US-based manufacturer and supplier of zinc products, acquired EverZinc. This acquisition, undisclosed in amount, positions Aterian Investment Partners, the parent company of U.S. Zinc, to become a leading global manufacturer of zinc chemical products. EverZinc, a Belgium-based company, specializes in producing zinc chemicals, including fine zinc powders, zinc oxide, powders for batteries, and Zano.

Major companies operating in the zinc chemicals market report are U.S. Zinc Corp., Akrochem Corporation, American Chemet Corporation, Hindustan Zinc Ltd., L. Brügge­mann GmbH & Co. KG, Old Bridge Chemicals Inc., Pan-Continental Chemical Co. Ltd., Purity Zinc Metals LLC, Rubamin Private Limited, Seyang Zinc Technology Co. Ltd., TIB Chemicals AG, Transpek-Silox Pvt. Ltd., Unique Specialty Chemicals, Votorantim SA, Weifang Longda Zinc Industry Co. Ltd., Zinc Oxide LLC, Zochem Inc., Glencore plc, Vedanta Resources Limited, Trevali Mining Corporation, MMG Limited, Zinc Industrias Nacionales S.A., ZincOne Resources Inc., ZincFive Inc., EverZinc Belgium SA, Teck Resources Limited, Bruggemann Chemical US Inc., Chemetall GmbH, Chemtrade Refinery Services Inc., EMD Performance Materials Corp., G.H. Chemicals Limited, Global Chemical Co. Ltd., Grillo-Werke AG, Hubei Hongyuan Pharmaceutical Technology Co. Ltd., Hunan Jingshi Group Co. Ltd., Jost Chemical Co., KVB Processors Pvt. Ltd., Numinor Ltd., PMC Group Inc., Shepherd Chemical Company, Umicore NV, Zinc Nacional SA.

Asia-Pacific was the largest region in the zinc chemicals market in 2023. North America is expected to be the fastest-growing region in the zinc chemicals market report during the forecast period. The regions covered in the zinc chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the zinc chemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of zinc chemicals include zinc oxide, zinc sulfate, zinc carbonate, zinc chloride, and others. Zinc oxide is an inorganic substance with a white tint, commonly available in powder form. It finds various applications in rubber compounding, agriculture, glass and ceramics, paints and coatings, chemicals, food and pharmaceuticals, textiles, and other industries.

The zinc chemicals market research report is one of a series of new reports that provides zinc chemicals market statistics, including zinc chemicals industry global market size, regional shares, competitors with zinc chemicals market share, detailed zinc chemicals market segments, market trends, and opportunities, and any further data you may need to thrive in the zinc chemicals industry. This zinc chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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