Market Definition: Zinc Chemicals Market
The global zinc chemicals market accounted for USD 7.83 billion in 2017 and is projected to grow at a CAGR of 5.7% during the forecast period of 2019 to 2026.
Zinc chemicals are inorganic compounds manufactured from two different processes such as direct and indirect. Zinc oxide produced by the indirect process is pure than that through the direct process. There is a growing demand for zinc chemicals in rubber compounding, agriculture, glass & ceramics, paints & coatings, chemicals, food & pharmaceuticals and textiles activates, which is expected to be one of the major drivers of the market over the next seven years.
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Major Market Drivers & Restraints are as follows:
- Growth in Automotive sector in Asia-Pacific
- Demand for zinc chemicals in the agriculture industry
- Growing glass & ceramics sector
- Falling usage of zinc chemicals in paints & coatings
- High prices of zinc chemicals
Key Market Competitors: Zinc Chemicals Market
Few of the major competitors are Akrochem, American Chemet Corporation, Bruggemannchemical, GHC, Hakusuitech, Numinor, Pan-Continental Chemical, Rech Chemical Rubamin, Seyang Zinc Technology, Toho Zinc, Transpek-Silox, US Zinc, Uttam Industries, Weifang Longda Zinc Industry, Zinc Oxide Llc and many more.
This report is all-inclusive of the data which includes market definition, classifications, applications, engagements, market drivers and market restraints that are derived from SWOT analysis. A data triangulation method is applied for this purpose which entails data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. The company profiles of all the key players and brands that are dominating the market have been offered in this report. Geographical areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa are also considered for the market analysis.
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Market Segmentation: Zinc Chemicals Market
The zinc chemicals market is segmented on the basis of type into zinc oxide, zinc sulfate, zinc carbonate, zinc chloride and others.
On the basis of application, the market is segmented into rubber compounding, agriculture, glass & ceramics, paints & coatings, chemicals, food & pharmaceuticals, textiles and others.
On the basis of geography, the zinc chemicals market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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The global zinc chemicals market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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