Zinc Acetate Market Research Report By Application (Textiles, Paints and Coatings, Pharmaceuticals, Animal Feed, Wood Treatment, Other Applications), By Form (Powder, Liquid, Crystals), By Grade (Food Grade, Pharmaceutical Grade, Technical Grade), By End-Use Industry (Automotive, Construction, Pharmaceutical, Textiles, Food and Beverage, Other End-Use Industries), By Distribution Channel (Direct Sales, Distributors, Retail Stores, Online Platforms) and By Regional (North America, Europe, South America, Asia-Pacific, Middle East and Africa)

Global Zinc Acetate Market Overview

As per MRFR analysis, the Zinc Acetate Market Size was estimated at 3.46 (USD Billion) in 2022.

The Zinc Acetate Market Industry is expected to grow from 3.64(USD Billion) in 2023 to 5.6 (USD Billion) by 2032. The Zinc Acetate Market CAGR (growth rate) is expected to be around 4.92% during the forecast period (2024 - 2032).

Key Zinc Acetate Market Trends Highlighted

The Zinc Acetate market witnesses several key trends, including increasing demand for zinc-based materials in diverse industries such as pharmaceuticals, agriculture, and construction. The growing popularity of zinc acetate as a nutritional supplement for livestock and as a micro fertilizer further drives the market growth. Additionally, the use of zinc acetate in wood preservation and as a catalyst in chemical reactions contributes to market expansion. The rising concern about environmental sustainability and the depletion of natural resources has led to the exploration of bio-based and biodegradable alternatives to traditional zinc acetate production methods, offering new opportunities for market players.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Zinc Acetate Market Drivers

Increasing Demand for Zinc Acetate in Various Industries

The Zinc Acetate Market is primarily driven by the increasing demand for zinc acetate in various industries, including pharmaceuticals, food and beverages, and agriculture. In the pharmaceutical industry, zinc acetate is used as a dietary supplement and as an ingredient in topical and oral medications. In the food and beverage industry, zinc acetate is used as a food additive to enhance the nutritional value of processed foods and beverages.In the agriculture industry, zinc acetate is used as a fertilizer to improve the growth and yield of crops. The growing demand for zinc acetate in these industries is expected to drive the growth of the Zinc Acetate Market over the forecast period.

Growing Awareness of the Health Benefits of Zinc Acetate

The growing awareness of the health benefits of zinc acetate is another key driver of the Zinc Acetate Market. Zinc acetate is an essential nutrient that plays a vital role in various bodily functions, including immune function, wound healing, and cell growth. Zinc acetate supplements are becoming increasingly popular among health-conscious consumers looking to improve their overall health and well-being. The rising demand for zinc acetate supplements is expected to boost the growth of the Zinc Acetate Market in the coming years.

Technological Advancements in Zinc Acetate Production

Technological advancements in zinc acetate production are also contributing to the growth of the Zinc Acetate Market. The development of new and more efficient production methods has led to a reduction in the cost of producing zinc acetate. This has made zinc acetate more affordable for a wider range of applications, which is expected to drive the growth of the Zinc Acetate Market in the future.

Zinc Acetate Market Segment Insights

Zinc Acetate Market Application Insights

The Zinc Acetate Market is segmented by application into textiles, paints and coatings, pharmaceuticals, animal feed, wood treatment, and other applications. The textiles segment accounted for the largest share of the market in 2023, with a valuation of USD 1.24 billion. This is due to the increasing demand for zinc acetate in the production of flame-retardant fabrics and other textiles. The paints and coatings segment is expected to be the second-largest segment, with a valuation of USD 1.02 billion in 2023. Zinc acetate is used as a pigment in paints and coatings to provide corrosion resistance and UV protection.The pharmaceuticals segment was the third-largest segment, with a valuation of USD 0.64 billion in 2023. Zinc acetate is used in the production of various pharmaceutical products, including antiseptics, astringents, and antifungal agents. The animal feed segment is expected to be the fourth-largest segment, with a valuation of USD 0.45 billion in 2023. Zinc acetate is used as a nutritional supplement in animal feed to prevent zinc deficiency. The wood treatment segment is expected to be the fifth-largest segment, with a valuation of USD 0.29 billion in 2023.Zinc acetate is used as a preservative in wood treatment to protect against rot and decay. The other applications segment is expected to account for the remaining share of the market in 2023, with a valuation of USD 0.36 billion. Zinc acetate is used in a variety of other applications, including as a catalyst in chemical reactions, as a mordant in dyeing, and as a preservative in food and cosmetics. This growth is expected to be driven by the increasing demand for zinc acetate in various applications, including textiles, paints and coatings, pharmaceuticals, animal feed, wood treatment, and other applications.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Zinc Acetate Market Form Insights

The Zinc Acetate Market is segmented by Form into Powder, Liquid, and Crystals. The Powder segment held the largest market share in 2023, accounting for over 55% of the Zinc Acetate Market revenue. The Powder segment is projected to continue to dominate the market over the forecast period, owing to its wide range of applications in various industries, including pharmaceuticals, food, and agriculture. The Liquid segment is expected to witness the fastest growth over the forecast period, at a CAGR of 6.5%. The growth of the Liquid segment can be attributed to its increasing use in the textile industry as a mordant and in the construction industry as a wood preservative.The Crystals segment is expected to account for a significant share of the Zinc Acetate Market over the forecast period. The Crystals segment is primarily used in the electronics industry as a semiconductor material and in the chemical industry as a catalyst.

Zinc Acetate Market Grade Insights

The Grade segment of the Zinc Acetate Market is categorized into Food Grade, Pharmaceutical Grade, and Technical Grade. Among these, the food-grade segment held the largest market share in 2023, accounting for around 42.5% of the Zinc Acetate Market revenue. The growth of this segment can be attributed to the increasing demand for zinc acetate in the food industry as a food additive and preservative. The pharmaceutical Grade segment is projected to witness the fastest growth during the forecast period 2023-2032, owing to the rising demand for zinc acetate in the pharmaceutical industry for the production of various drugs and medicines.The technical Grade segment is expected to hold a significant market share over the forecast period due to its wide range of applications in various industries, including textile, leather, and wood treatment.

Zinc Acetate Market End-Use Industry Insights

The end-use industry segment plays a crucial role in understanding the dynamics of the Zinc Acetate Market. In 2023, the Automotive industry held a significant share of the market, driven by the rising demand for zinc acetate as a corrosion inhibitor in automotive parts. The Construction industry is projected to witness steady growth due to its increasing use in building materials and fire retardants. The Pharmaceutical industry is expected to expand at a moderate pace, owing to its application in the production of zinc-based supplements and medications.The textile industry is likely to experience stable growth, benefiting from zinc acetate's role in improving fabric durability and flame resistance. The Food and Beverage industry is anticipated to grow steadily, driven by the use of zinc acetate as a food additive and preservative. Other end-user industries, including agriculture, electronics, and cosmetics, are expected to contribute to the overall market growth, albeit at a relatively smaller scale.

Zinc Acetate Market Distribution Channel Insights 

The Zinc Acetate Market segmentation by distribution channel comprises direct sales, distributors, retail stores, and online platforms. Direct sales accounted for the largest share of the market in 2023, owing to the strong relationships between manufacturers and end-users. However, the online platform segment is projected to grow at the highest CAGR during the forecast period, driven by the increasing adoption of e-commerce channels. Distributors play a crucial role in the distribution of zinc acetate, providing a wide reach and efficient logistics.Retail stores offer convenience and a physical presence for customers to purchase the product. Online platforms, such as e-commerce marketplaces and company websites, provide global accessibility and a seamless shopping experience. The choice of distribution channel depends on factors such as the target market, product type, and market regulations. Manufacturers and suppliers must carefully select and manage their distribution channels to optimize market reach, minimize costs, and enhance customer satisfaction.

Zinc Acetate Market Regional Insights

The Zinc Acetate Market segmentation by region comprises North America, Europe, Asia-Pacific, South America, and MEA. North America is estimated to hold the largest market share in 2023, owing to the increasing demand for zinc acetate in the food and beverage industry in the region. Europe is projected to be the second-largest market, driven by the growing demand for zinc acetate in the pharmaceutical and personal care industries. APAC is anticipated to witness significant growth during the forecast period, attributed to the expanding food and beverage industry in the region.South America and MEA are expected to register a steady growth rate due to the growing demand for zinc acetate in various applications.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Zinc Acetate Market Key Players And Competitive Insights

Major players in the Zinc Acetate Market industry are continuously investing in research and development activities to introduce innovative products and solutions. Leading Zinc Acetate Market players are focusing on expanding their global presence and establishing strategic partnerships with local companies to gain market share. The Zinc Acetate Market development is driven by the increasing demand from various end-use industries, such as the pharmaceuticals, textile, and food industries. The growing awareness of the health benefits of zinc acetate is also contributing to the market growth. The competitive landscape of the Zinc Acetate Market is expected to intensify in the coming years, with new players entering the market and existing players expanding their product offerings.Wanhua Chemical Group is a leading company in the Zinc Acetate Market. The company offers a wide range of Zinc Acetate products, including zinc acetate dihydrate, zinc acetate solution, and zinc acetate powder. Wanhua Chemical Group has a strong global presence and a large customer base. The company is committed to providing high-quality products and services to its customers.Anhui Zhongxu Heavy Industries Co., Ltd. is a competitor to Wanhua Chemical Group in the Zinc Acetate Market. The company offers a variety of zinc acetate products, including zinc acetate dihydrate, zinc acetate solution, and zinc acetate powder. Anhui Zhongxu Heavy Industries Co., Ltd. has a strong presence in the Chinese market and is expanding its global reach. The company is focused on providing cost-effective products and services to its customers.

Key Companies in the Zinc Acetate Market Include

• Hebei Xuri Zinc Products Co., Ltd.


• Tianjin Bohai Chemical Industry Group Co., Ltd.


• Zhejiang Fushite New Material Technology Co., Ltd.


• Hubei Xinya Chemical Technology Co., Ltd.


• Dongguan Wanhua Speciality Chemicals Co., Ltd.


• Guangzhou Jinhui Chemical Co., Ltd.


• Chongqing Lvzhicheng Science Technology Co., Ltd.


• Yunnan Chihong Zinc Germanium Co., Ltd.


• Qingdao Lvfeng Chemical Co., Ltd.


• Shanxi Guoxin Chemical Co., Ltd.


• Guangdong Rongyu Chemical Co., Ltd.


• Jiangsu Xiaohua Chemical Co., Ltd.


• Zhejiang Donghai Chemical Co., Ltd.


• Shandong Tiangu Technology Co., Ltd.


• Jiangxi Hongda New Material Technology Co., Ltd.

Zinc Acetate Market Industry Developments

The Zinc Acetate Market is anticipated to exhibit a steady growth trajectory over the forecast period of 2023-2032, driven by increasing demand from end-use industries such as pharmaceuticals, textiles, and food additives. The market is expected to witness significant growth in the Asia-Pacific region, owing to the rising demand from emerging economies like China and India. Key industry participants are focusing on expanding their production capacities and geographical reach to cater to the growing demand. Recent developments include Evonik's investment in a new zinc acetate production facility in Antwerp, Belgium, and Prayon's acquisition of a zinc acetate plant in France. These developments indicate a positive outlook for the Zinc Acetate Market in the coming years.

Zinc Acetate Market Segmentation Insights

• Zinc Acetate Market Application Outlook
  
  
  
  • Textiles
  
  
  • Paints and Coatings
  
  
  • Pharmaceuticals
  
  
  • Animal Feed
  
  
  • Wood Treatment
  
  
  • Other Applications
  
  
  
  

• Zinc Acetate Market Form Outlook
  
  
  
  • Powder
  
  
  • Liquid
  
  
  • Crystals
  
  
  
  

• Zinc Acetate Market Grade Outlook
  
  
  
  • Food Grade
  
  
  • Pharmaceutical Grade
  
  
  • Technical Grade
  
  
  
  

• Zinc Acetate Market End-Use Industry Outlook
  
  
  
  • Automotive
  
  
  • Construction
  
  
  • Pharmaceutical
  
  
  • Textiles
  
  
  • Food and Beverage
  
  
  • Other End-Use Industries
  
  
  
  

• Zinc Acetate Market Distribution Channel Outlook
  
  
  
  • Direct Sales
  
  
  • Distributors
  
  
  • Retail Stores
  
  
  • Online Platforms
  
  
  
  

• 
  

  Zinc Acetate Market Regional Outlook

  
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa