Zinc Sulfate Market: Global Industry Analysis and Forecast (2023-2029)

Zinc Sulfate Market was valued at US$ 6.02 Bn. in 2022. Global Zinc Sulfate Market size is estimated to grow at a CAGR of 7.63%.
Zinc Sulfate Market Overview:
Zinc Sulphate is a crystalline solid. It occurs in the three stable hydrated form, which are ZnSO4.H2O (ZnSO4 Monohydrate) ZnSO4.6H2O (ZnSO4 hexahydrate) ZnSO4.7H2O (ZnSO4 heptahydrate). It is usually made by treating zinc, zinc sulphide, oxide, or carbonate with sulphuric acid. Zinc sulfate is widely used as preservative for leather, wood, and skin. It is widely preferred in water treatment for water purification process, flotation process of mineral separation, bleaching paper, and electro-deposition.

Zinc Sulphate market provides the detail analysis of the market dynamics like drivers, restraints, opportunities and challenges. In the report, we have considered, 2022 is considered a base year however 2022’s numbers are on the real output of the companies in the market. Special attention is given to 2022, the effect of lockdown on the demand and supply, and the impact of lockdown for the next two years on the market.To know about the Research Methodology :- Request Free Sample Report
Zinc Sulfate Market Dynamics:
An increase in prevalence of zinc deficiency among population across globe, acceptance in pharmaceutical applications like dietary supplements, parenteral nutrition, oral rehydration products, and nutraceuticals and incidence of gastroenterological diseases are some of the driving factors behind the market growth. The use of zinc sulfate in various industrial chemicals, agrochemicals and other significant uses like corrosion inhibitors in water-treatment systems, flotation agents in mining sector and production of the detergent and cosmetics products are also boosting the production of the zinc sulfate.

Zinc (Zn) deficiency affects agricultural soils. Zinc deficiency in humans is mainly problematic for women and children in developing countries. The majority of food intake, which consist cereal grains is the main reason behind the Zinc (Zn) deficiency. The growing global population is increasing the requirement to intake enough food that is of a sufficient nutritional quality. It leads to a situation of intensified food production, which means nutrients essential to be added to food crops in the form of fertilisers with Zinc. According to World Health Organization, zinc deficiency is responsible for lower respiratory tract infections, diarrheal diseases and malaria, which leads to number of deaths. An increase in Zinc (Zn) deficiency is expected to increase the demand for zinc sulfate tablet.

Lack of Raw material availability declines the Zinc Sulfate production

The raw materials of Zinc Sulphate production are zinc ash, which is mainly imported because of the lack of its availability in developing nations like India. In current market scenario, there have been significant problems in meeting the requirement of Zinc ash in India due to restrictions imposed by the Government on the import of Zinc ash. Zinc Sulphate industry has dominated entirely by the small-scale industries sector, which is facing the nonavailability of imported zinc ash, the critical raw material.

Key players are forming robust footprints in the global zinc sulfate market by new product launches.

Key players are forming robust footprints in the global zinc sulfate market by new product launches and high investment in the zinc sulfate production. For instance, Rama Phosphates has launched zinc sulfate mono-hydrate. The company has made this product under the brand name Girnar Zinc Gold, which is mainly used for oil seed crops, paddy, and sugarcane in small quantity as per the requirement.
Zinc Sulfate Market Segment Analysis:
Based on applications, zinc sulphate market is segmented into medicine, agrochemical, chemical, water treatment and others. Among these, it finds as input in agricultural operations. It is broadly used in the agricultural industry as a fertilizer to prevent zinc deficiency. Its usages in in agriculture is gaining importance as a micronutrient and for the control of certain plant diseases. Zinc sulphate is a playing a vital role in the agricultural industry, particularly when it comes to countering the various levels of zinc deficiencies. It is used as a fertilizer and agricultural sprays to increase zinc deficiency in crops and improve soil nutrient value. It helps the plant grow better and increase the productivity for the crops and companies. Some of main reasons behind the agricultural industry uses zinc sulphate are To Increase Plant Growth and Development, to counter the effects of cool soil temperatures, to improve soil fertility, to help with topsoil removal, to counter the effects of excess phosphorus fertilizers.
Zinc Sulfate Market Regional Insights:
Asia Pacific region is emerging zinc sulfate market

An increase in prevalence of zinc deficient population is expected to drive the demand for zinc sulfate. The region is one of the largest regional consumers for fertilizer because of the presence of large-scale production of crops. In India, population is engaged in occupations related to agriculture. India is a net exporter of pesticides to countries such as USA and some European & African countries because of its inherent strength of low-cost manufacturing and qualified low-cost manpower.

With the growing deficiency of Zinc in Indian soils, zinc has emerged as the third most important nutrient for crop production after Nitrogenous and Phosphatic fertiliser across country. It leads to take step to combat zinc deficiency in the population by supplementing crops with zinc sulfate fertilizers, pesticides, and fungicide. The Government official statistics have estimated the potential annual demand of Zinc Sulphate at around more than 5 lakh tonnes per annum in the case of severely deficient districts. Rapid chemical industrialization, and disposable income with changing lifestyles are contributing to the growth of the regional zinc sulfate market.

The objective of the report is to present a comprehensive analysis of the global Zinc Sulfate Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Zinc Sulfate Market dynamic, structure by analyzing the market segments and projecting the Zinc Sulfate Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Zinc Sulfate Market make the report investor’s guide.
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Zinc Sulfate Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 6.02 Bn.


Forecast Period 2023 to 2029 CAGR:
7.63%
Market Size in 2029:
US $ 10.07 Bn.


 Segments Covered:
by Type
Zinc Sulfate Anhydrous
Zinc Sulfate Monohydrate
Zinc Sulfate Hexahydrate
Zinc Sulfate Heptahydrate


by Application
Medicine
Agrochemical
Chemical
Water Treatment
Others



Zinc Sulfate Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Zinc Sulfate Market Key Players
1. Changsha Latian Chemicals Co. Ltd
2. Tianjin Topfert Agrochemicial Co
3. Changsha Haolin Chemicals Co.Ltd
4. Midsouth Chemical
5. Tianjin Xinxin Chemical Factory
6. Rech Chemical Co. Ltd
7. Ravi Chem Industries
8. Balaji Industries
9. Old Bridge Chemical, Inc.
10.China Bohigh
11.Alpha Chemicals
12.Zinc Nacional
13.Gupta Agri Care
14.Sulfozyme Agro India Pvt. Ltd
15.Sigma-Aldrich, Inc.

Frequently Asked Questions:

1. Which region has the largest share in Global Zinc Sulfate Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Zinc Sulfate Market?
Ans: The Global Zinc Sulfate Market is growing at a CAGR of 7.63% during forecasting period 2023-2029.

3. What is scope of the Global Zinc Sulfate market report?
Ans: Global Zinc Sulfate Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Zinc Sulfate market?
Ans: The important key players in the Global Zinc Sulfate Market are – Changsha Latian Chemicals Co. Ltd, Tianjin Topfert Agrochemicial Co, Changsha Haolin Chemicals Co.Ltd, Midsouth Chemical, Tianjin Xinxin Chemical Factory, Rech Chemical Co. Ltd, Ravi Chem Industries, Balaji Industries, Old Bridge Chemical, Inc., China Bohigh, Alpha Chemicals, Zinc Nacional, Gupta Agri Care, Sulfozyme Agro India Pvt. Ltd, Sigma-Aldrich, Inc., and

5. What is the study period of this market?
Ans: The Global Zinc Sulfate Market is studied from 2022 to 2029.