Zinc Chemicals Market Summary
As per Market Research Future Analysis, the Global Zinc Chemicals Market is projected to reach USD 12.5 Billion by 2030, with a CAGR of 4.29% from 2022 to 2030. The market is driven by extensive applications in automotive, agriculture, construction, petrochemicals, paints, coatings, and rubber processing industries. The rubber processing sector is a significant consumer due to rising demand for galvanization and tire manufacturing. Increased investments in the automotive industry and pharmaceutical applications are also contributing to market growth. However, reduced use in paints and coatings has negatively impacted the market. The galvanization process remains a key driver for growth, as it protects metals from corrosion and reduces manufacturing costs. Regionally, Asia Pacific leads the market, driven by population growth and rising disposable incomes, particularly in India and China. North America follows, supported by major automobile manufacturers and government investments in infrastructure. Europe shows strong demand from the healthcare and cosmetic sectors.
Key Market Trends & Highlights
Key trends influencing the Zinc Chemicals Market include regional growth dynamics and application diversification.
- Asia Pacific is expected to be the fastest growing market with significant demand from the construction and agriculture sectors.
- North America shows expanding CAGR due to investments in the automotive and construction industries.
- The European market is driven by the healthcare and cosmetic industries, particularly for sun protection products.
- The rubber processing industry is a major consumer, driven by tire manufacturing and rubber compounding applications.
Market Size & Forecast
Market Size in 2022 | USD 9.0 Billion |
Market Size Forecast by 2030 | USD 12.5 Billion |
CAGR from 2022 to 2030 | 4.29% |
Major Players
U.S. Zinc (U.S.), GHC (Canada), Weifang Longda Zinc Industry (China), Hakusuitech co. Ltd (Japan), American Chemet Corporation (U.S.), Rubamin (India), Zinc Oxide LLC (US), Akrochem corporation (U.S.), BrügemannGruppe (Germany)