Zinc Sulphate Market
Zinc Sulphate Market by Type (Zinc Sulphate Anhydrous, Zinc Sulphate Hexahydrate, Zinc Sulphate Heptahydrate, Zinc Sulphate Monohydrate), by Application (Agrochemicals, Chemicals, Pharmaceuticals, Synthetic Fibers, Water Treatment) & Regional Forecast to 2030
Zinc Sulphate Market Outlook
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.
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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.
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Historical Data Available for
US$ Mn for Value & Kilo Tons for Volume
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
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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
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