Zinc Sulphate Market

Zinc Sulphate Market Growth Outlook (2023 to 2033)

Based on the analysis by Fact.MR, the global zinc sulphate market is valued to be US$ 1.9 billion in 2023 and it is anticipated to grow at a CAGR of 6.7% to reach US$ 3.7 billion by the end of 2033.

Zinc sulphate is often used as a fertilizer additive to prevent and cure the effects of zinc deficiency in crops. It is one of the most common zinc sources in granular fertilizers because it is water-soluble and low in content. Thus, a rise in agricultural activities to increase the demand for zinc sulphate in the forthcoming years.

Report Attributes	Details
Zinc Sulphate Market Size (2022A)	US$ 1.8 Billion
Estimated Market Value (2023E)	US$ 1.9 Billion
Forecasted Market Value (2033F)	US$ 3.7 Billion
Global Market Growth Rate (2023-2033)	6.7% CAGR
Key Companies Profiled	Balaji Industries Changhsa Haolin Chemicals Co., Ltd Midsouth Chemicals Old Bridge Chemicals Tianjin Topfert Agrochemicial Co Tianjin Xinxin Chemical Factory

Historic and Future Pathway Analysis for the Zinc Sulphate Market

According to Fact.MR, historically, from 2018 to 2022, the use of zinc sulphate increased at around 3.5% CAGR, wherein, countries such as the U.S., China, Japan, Germany, and the UK held a significant share in the global market. Waste treatment activities also increased across the globe spurring the zinc sulphate market growth as it is used as a corrosion inhibitor during wastewater treatment.

• Short Term (2023-2026): Zinc sulphate is used in various end-use industries including drugs and medicine, water treatment, agrochemicals, and others, is likely to increase the demand for zinc sulphate.
• Medium Term (2026-2029): Growth in the agricultural sector across India and China to create lucrative opportunities for the growth of the zinc sulphate market.
• Long Term (2029-2033): Efforts by market players to remain competitive in the market are likely to drive the zinc sulphate market during the forecast period.

According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 6.7% CAGR between 2023 and 2033.

Market Dynamics Outlook

“Zinc Sulphate Demand Across Healthcare and Cosmetic Industry to Drive Market”

Zinc sulphate is a versatile compound and has a broad range of applications in numerous industries such as medicine, chemicals, agriculture, and others. Zinc sulphate is typically used in the treatment of zinc deficiency in the human body and in skin-related diseases.

Due to the poor diet the zinc deficiency has become global problem and this pattern is likely to continue in the coming year. Zinc deficiency causes various problems, including appetite loss, growth retardation, and impaired Immune function. Thus, zinc sulphate is added to dietary supplement for the treatment of zinc deficiency.

Hence, rising demand for zinc sulphate from the medical sector is helping to create lucrative growth opportunities for the players operating in the zinc sulphate market during the forecast period.

Further, zinc has many benefits, such as antimicrobial and antibacterial properties, which is why it has been widely used in cosmetics. In addition, zinc sulphate acts as a cosmetic astringent, oral care agent, and cosmetic biocide.

When used in cosmetic products, it is used for various purposes such as cleaning the skin, deodorizing, limiting the growth of microorganisms, and others. Such factors and the increasing use of cosmetic products over the millennia in both developed and developing economies drive the expansion of the zinc sulphate market.

“Factors to Restrain Market Growth”

Awareness of the harmful effects of pesticides and the adoption of healthy lifestyles by end-users have been major obstacles to the development of zinc sulphate. People are switching to organic or bio-based products because they are safe for human consumption as well as for the environment.

On the other hand, inadequate treatment, low nutritional intake, reduced bioavailability, and unhygienic conditions are some of the factors that may limit the growth of the zinc sulphate market over a period of time. Also, the use of alternatives such as other corrosion inhibitors instead of zinc sulphate is a restraining factor in the market growth.

Country-wise Insights

Why Zinc Sulphate Market is Witnessing Prominent Growth in China?

East Asia is the world's largest producer of zinc sulphate, with major producers particularly located in China, and is set to witness a major demand. Rising agrochemical production in China to push the demand for zinc sulphate in the coming years.

Zinc sulphate is used as a fertilizer additive and agricultural spray to treat zinc deficiency in plants. Rise in population leads to increased demand for food and agricultural activities across the region. Growth in the agricultural sector increases the demand for fertilizers, which will boost the zinc sulphate demand during the forecast period.

Zinc sulphate prices have remained stable in the region for the past five years. In addition, economies of scale, agglomeration effects, and density effects are key factors in the zinc sulphate market, which are expected to stabilize the demand for zinc sulphate during the medium-term forecast period.

Economies of scale are key factors driving the zinc sulphate market in the region. China thus serves as a potential country to set up new zinc sulphate production facilities.

Why is India Considered One of the Key Markets for Zinc Sulphate?

Population growth and rural development are some of the factors driving the agricultural industry in India. Demand for fertilizers, hybrid seeds, and related services is anticipated to create immense growth opportunities for the zinc sulphate market.

A growing agricultural sector requires high-yielding fertilizers and seeds. Nutrients & fertilizers are equally important for the growth of crops and plants. Zinc sulphate is used with NPK manures to maintain zinc levels in the soil. It prevents zinc deficiency in plants and helps them to grow.

Increasing zinc deficiency in Indian soil has made zinc the most significant crop nutrient required to add externally. Thus, the consumption of zinc sulphate in fertilizers is anticipated to increase, which will create lucrative opportunities for the Indian zinc sulphate market in the coming year.

Category-wise Insights

How is the Zinc Sulphate Monohydrate Driving Market Growth?

Zinc sulphate monohydrate dominates the global zinc sulphate market due to the increasing demand for zinc sulphate in agriculture sectors as a fertilizer additive to prevent and cure zinc deficiency in crops.

Zinc sulphate monohydrate is used in preserving wood and skins, bleaching paper, calico-printing (mordant), electrodepositing zinc, and clarifying glue. It is also used as an ophthalmic astringent, zinc supplement, chemical reagent, and others. Further, zinc sulphate is also used as an herbicide to control moss on buildings, zinc sources in animal feeds, and inert ingredients in non-food pesticide products.

Zinc sulphate monohydrate can be applied to plants, directly to the soil, and standing plants & trees as required. These several factors aid in the growth of the market during the forecast period.

Why Pharmaceuticals Boost the Demand of Zinc Sulphate?

In the pharmaceutical industry, zinc sulphate is used to make medicines. Zinc sulphate is a medication used to supplement zinc levels or prevent zinc deficiency.

Zinc has been identified as a cofactor for many enzymes, including RNA and DNA polymerase. Zinc promotes normal growth rate, wound healing, normal skin hydration, and others. Further, zinc sulphate is used as a dietary supplement, especially for the treatment of zinc deficiency and the prevention of high-risk conditions. This includes the use of oral rehydration therapy in children who have diarrhea.

The World Health Organization has recommended zinc sulphate supplements as an essential treatment for diarrhea. Rising rates of gastrointestinal disease and the use of ORS are also contributing to the revenue growth of the market.

Eminent Players Key Stratagems

Prominent zinc sulphate manufacturers are Balaji Industries, Changhsa Haolin Chemicals Co., Ltd, Midsouth Chemicals, Old Bridge Chemicals, Tianjin Topfert Agrochemicial Co, and Tianjin Xinxin Chemical Factory

Key players in the zinc sulphate market are using various strategies such as product launches and research and development to discover new implicational areas to gain high-profit margins. Long-term trade relations with end-users and raw material supplies enable market players to survive during unfavorable trade situations.

Fact.MR has provided detailed information about the price points of key manufacturers of zinc sulphate positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Zinc Sulphate Industry Research

• By Type :

  • Anhydrous
  • Hexahydrate
  • Heptahydrate
  • Monohydrate

• By Application :

  • Agrochemicals
  • Chemicals
  • Pharmaceuticals
  • Synthetic Fibers
  • Water Treatments
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa