About the Report
Zinc sulphate is primarily used as a precursor and raw material for a multitude of applications, ranging from pharmaceuticals, agrochemicals, water treatment chemicals, and other niche applications. This diversification across industries has provided strong market growth with low fluctuation points over the past-half decade. There is high demand for zinc sulphate monohydrate across regions, with East Asia leading by far, followed by North America.
Fact.MR has published an exclusive forecast report on the zinc sulphate market for the period of 2020 to 2030. The foremost objective of this report is to pitch insights on the market scenario, demand generators, and technological advancements in the zinc sulphate market place. The report tracks the trends in 20+ high-growth countries, and also details how the COVID-19 pandemic is having an effect on this landscape.
Future Projections better than Historical Period
From 2015 to 2019, the global zinc sulphate market exhibited a modest CAGR of 4.9%, with agrochemicals played a major role in driving demand. Moreover, rising production of agrochemicals over the same period strengthened the prices for zinc sulphate over the same tenure of assessment.
But in FY2020, the market stepped on the brakes, owing to demand contraction from the agrochemicals industry. Apart from the agrochemicals industry, shrinkage in demand was observed from the chemicals industry as well over Q2 and Q3 of the same year. Despite COVID-19 being a major hurdle to zinc sulphate market growth, resurrection in demand and price normalization are set to be observed over the short-term forecast period.
Demand over the long-term forecast period could be estimated by breaking the forecast timeline into three consecutive parts.
- Short-Run: Nominal growth or recovery growth is set to be observed over this term.
- Medium-Run: Demand and price normalization are set to be observed over the medium-run forecast period.
- Long-Run: Economic cycles and other factors such as inflation rates to have an effect on demand and pricing of the product.
All in all, the zinc sulphate market to expand at a moderate rate of close to 6% through 2030, providing a promising stance for investors in the market.
Why Does the World Eye the Zinc Sulphate Market in China?
East Asia is the largest manufacturer of zinc sulphate across the globe, and major manufacturers are especially positioned in China. Apart from suppliers, positioning of agrochemical manufacturers in the same country will bolster demand.
Also, prices of zinc sulphate have remained stable in the region over the past half-decade. This promises a strong price stance of the product over the forecast period.
Moreover, key factors governing the zinc sulphate market are economies of scale, economies of agglomeration, and economies of density, which are set to stabilize demand for zinc sulphate over the medium-term forecast period.
Why is Zinc Sulphate Used as a Dietary Supplement?
Zinc sulphate finds application in various medicines to treat zinc deficiency in paediatric and adult patients. It is a known fact that the human body does not have zinc storing ability, so its regular intake is essential to maintain healthy zinc levels in the body. Furthermore, daily zinc intake varies with age, ranging from 2-11 mg for both, males and females ranging from 0-18 years of age (based upon their age and body weight), and different regulations are in place to monitor allowed limits of zinc intake for both, paediatrics and adults.
Therefore, to overcome the zinc deficiency problem, dietary supplements of zinc are taken. These supplements contain numerous forms of zinc, namely zinc gluconate, zinc sulphate, and zinc acetate. However, different sources contain different percentage of zinc in them. Mostly, zinc sulphate is used as 23% of it is made of elemental zinc, i.e. 200 mg of zinc sulphate contains around 46 mg of zinc in it. Along with regular tablets and capsules, certain zinc-based cold lozenges are classified as nutritional supplements.
How Has COVID-19 Affected Zinc Sulphate Sales?
The COVID-19 pandemic has compelled a majority of countries to impose strict lockdowns and social distancing measures to flatten the daily cases rise graph. This has led lower demand due to disruptions in most markets, with the zinc sulphate market has being badly impacted.
The COVID-19 pandemic has presented massive disruptions in a majority of industries, including chemicals, cosmetics, and many other end-use industries. Furthermore, regional disturbances and conflicts have strained business relations among multiple countries, which has had an impact on the supply of zinc sulphate from key producing countries.
However, with lockdowns being lifted in a phased manner in a few countries, there is a ray of hope for the zinc sulphate market to bounce back strongly and reach it desired potential from 2021 and onwards.
Is Zinc Sulphate Used in Cosmetic Products?
Zinc has numerous benefits such as having anti-microbial and anti-bacterial properties, due to which, it has being used extensively in cosmetic products. Moreover, zinc sulphate functions as a cosmetic astringent, an oral care agent, and a cosmetic biocide.
Being used in cosmetic products, it serves multiple purposes such as cleaning the skin, de-odourising by restricting growth of microorganisms, etc. These factors, and increased cosmetic usage by millennials of both, developed and developing economies, are giving impetus to the expansion of the zinc sulphate landscape.
What are the Potential Regions for Setting Up a Zinc Sulphate Plant?
Considering the demand analysis of zinc sulphate across regions over the period of 2015-2030, East Asia is set to hold the demand torch, followed by North America and South Asia & Oceania. Growing agrochemical production in China is set to spike demand for zinc sulphate over the coming years.
Moreover, economies of scale is a key governing factor of the zinc sulphate market in the region. Therefore, China is set to act as a potential country for setting up new zinc sulphate manufacturing plants. More information regarding the economics of zinc sulphate has been provided in detail in the recently published report of Fact.MR.
Fact.MR has profiled the following prominent zinc sulphate manufacturers in its report:
- Balaji Industries
- Changhsa Haolin Chemicals Co., Ltd
- China Bohigh
- Gupta Agricare
- Midsouth Chemicals
- Old Bridge Chemicals
- Rech Chemical Co Ltd.,
- Tianjin Topfert Agrochemicial Co
- Tianjin Xinxin Chemical Factory
Historical Data Available for
US$ Mn for Value & Kilo Tons for Volume
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Customization & Pricing
Key Questions Answered in Report
- How will the zinc sulphate market expand until 2030?
Fact.MR projects the global zinc sulphate market to register a CAGR worth close to 6% across the 2020-2030 assessment period. Higher penetration in agrochemicals will bolster demand over the coming years.
- Which is the most prominent zinc sulphate growth engine?
As per Fact.MR’s projections, China is expected to hold the pivotal role driving demand for zinc sulphate. Surge in demand growth from chemicals and agrochemicals is set to be observed across the region.
- Which players are prevalent in the zinc sulphate landscape?
Prominent players operating in the global zinc sulphate market place include Balaji Industries, Changhsa Haolin Chemicals Co., Ltd, China Bohigh, Gupta Agricare, Midsouth Chemicals, Old Bridge Chemicals, Rech Chemical Co Ltd., Tianjin Topfert Agrochemicial Co, and Tianjin Xinxin Chemical Factory, among others.
- Which region is zinc resource-rich?
As per the Minerals Commodities summaries released by the U.S. in 2020, identified zinc resource is around 1.9 billion tons, globally. China accounted for the highest zinc production in terms of overall volume produced in 2019, followed by Peru, Australia, and the United States.
Enquiry before Buying
- Is the zinc sulphate market research conducted by Fact.MR?
Yes, the zinc sulphate market report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
- What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on use of standard market structure, methods, and definitions.
- Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
- What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
- Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.
- How can I buy this report?
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Key Segments Covered of Zinc Sulphate Market
- Zinc Sulphate Anhydrous
- Zinc Sulphate Hexahydrate
- Zinc Sulphate Heptahydrate
- Zinc Sulphate Monohydrate
- Synthetic Fibers
- Water Treatment
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
Zinc Sulphate Market- Scope of Report
A recent study by Fact.MR on the zinc sulphate market offers a 10-year forecast for 2020 to 2030. The study analyzes crucial trends that are currently determining the growth of market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of zinc sulphate.
The study also provides the dynamics that are responsible for influencing the future status of the zinc sulphate market over the forecast period. A detailed assessment of zinc sulphate value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies operating in the zinc sulphate market, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the zinc sulphate market across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of zinc sulphate during the forecast period. Price point comparison by region with global average price is also considered in the study.
Fact.MR has studied the zinc sulphate market with detailed segmentation on the basis of type, application, and key regions.
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Analysis on Market Size Evaluation
The zinc sulphate market has been analyzed for each market segment in terms of volume (Tons) and value (US$ Mn).
Market estimates at global and regional levels for zinc sulphate are available in terms of “US$ Mn” for value and in “Tons” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report.
Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global zinc sulphate market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the zinc sulphate market report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.
Country-specific valuation on demand for zinc sulphate has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
In-depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of zinc sulphate, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of zinc sulphate has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolio and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the zinc sulphate market.
Prominent companies operating in the global zinc sulphate market include Rech Chemical Co. Ltd., Alpha Chemicals, Balaji Industries, Changsha Haolin Chemicals Co. Ltd., Changsha Haolin Chemicals Co. Ltd., Changsha Latian Chemicals Co. Ltd., China Bohigh, Gupta Agri Care, Midsouth Chemical, Old Bridge Chemical Inc., Sulfozyme Agro India Pvt. Ltd., Tianjin Topfert Agrochemicial Co., Tianjin Xinxin Chemical Factory, Zinc Nacional, and others.
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