Zinc Hydroxide Market: Introduction
Zinc Hydroxide Zn(OH)2 is an inorganic chemical that occurs naturally in three forms, viz. ashoverite, wülfingite, and sweetite. Further, it can also be produced by reacting zinc salt with sodium hydroxide solution. Zinc hydroxide’s use is not confined to a single industry, but it serves most of the major markets including agriculture, paints & coatings, medical, etc.
Increasing demand for zinc hydroxide from the application industries, capacity additions by some of the key market players coupled with widening application areas are some of the major factors fuelling the global zinc hydroxide market.
However, the presence of various alternatives along with fluctuating raw material prices is the major factors restricting the Zinc Hydroxide market growth over the forecast period. The global zinc hydroxide market is expected to register a growth in line with the global GDP average during the forecast period.
Rising demand from the application industries is providing traction to the market growth over the forecast period
Zinc hydroxide is widely used in surgical dressings and Pesticides among all of its key applications areas. Zinc Hydroxide is widely being used as an absorbent in surgical dressings. The rising demand for surgical and wound dressings is creating a positive atmosphere for zinc hydroxide. An increase in the number of surgical procedures along with rising in the number of road accidents is some of the major parameters spurring the demand of surgical dressings.
The ever-growing global population could almost double by 2050. To feed such a huge population innovations in the field of agriculture are eminent. Modern agriculture feeds over seven billion. Moreover, an increase in agricultural output across the globe calls for agrochemicals and pesticides that create lucrative opportunities for zinc hydroxide.
Increasing population estimates along with the ever-increasing food demand calls for efficient pesticides. Furthermore, zinc hydroxide is predominantly used for electrical batteries that are gaining momentum over the past decade. The world is going through a transition phase of which a major chunk is battery-driven.
Also, electrical vehicles provide immense opportunities for the use of zinc hydroxide in the battery components. All such measures are being taken to cut carbon emissions and make progress towards sustainability. Therefore, all aforementioned factors tend to increase the adoption base for zinc hydroxide, thereby driving the market growth over the forecast period.
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Zinc Hydroxide Market: Regional Outlook
Based on ore regional break-up, the report on the global zinc hydroxide market covers exhaustive analysis on major regions including North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa. Asia-Pacific, broken down into East Asia, South Asia & Oceania accounted for a major share in terms of market volume in 2018.
Wide adoption of zinc hydroxide across major applications including protective coating, pesticides, and electrical batteries along with the presence of various local players in the region are the primary factors propelling the Asian zinc hydroxide market over the long term forecast. Moreover, India is amongst the hotspot countries within the zinc hydroxide market owing to the high demand for zinc hydroxide from agriculture and the paints & coatings industry.
North America and Europe are expected to follow East Asia in terms of volume consumption in 2018. Additionally, Europe is expected to contribute a substantial market share for Zinc Hydroxide consumption in 2019. Middle East & Africa along with Latin America accounted for nominal shares under Zinc Hydroxide market.
Key players of Zinc Hydroxide Market
Prominent players in the global Zinc Hydroxide market are
- American Elements
- Qeshm Zinc Smelting Company
- Transpek-Silox Industry Private Ltd.
- Junsei Chemical Co., Ltd.
The Zinc Hydroxide market consists of well-diversified global and regional players with global players dominating the market.
The research report presents a comprehensive assessment of the Zinc Hydroxide market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The Zinc Hydroxide market report provides analysis and information, according to market segments such as application and region.
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The Zinc Hydroxide Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Zinc Hydroxide Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, RoE)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, ANZ Rest of South Asia & Oceania)
- MEA (GCC Countries, South Africa, Turkey, Rest of MEA)
The Zinc Hydroxide report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Zinc Hydroxide report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The Zinc Hydroxide report also maps the qualitative impact of various market factors on market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
The Zinc Hydroxide Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Segmentation analysis of Zinc Hydroxide Market
The global Zinc Hydroxide market is bifurcated into two major segments that are application and region.
On the basis of application, the global Zinc Hydroxide market is divided into:
- Surgical dressings
- Protective coating
- Electrical batteries
- Rubber compounding
Based on region, the global Zinc Hydroxide market is segmented as:
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
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