Zinc Sulphate Market Growth Drivers, Impact Analysis & Market Opportunities by 2030
Research Reports
Mar 28, 2022
Zinc Sulfate Market Overview
Escalating cases of zinc deficiency disorder worldwide have lifted up the demand for the zinc sulphate market in recent years. Zinc deficiency is known to cause severe health conditions, such as impaired immune function, loss of appetite, and growth retardation. Therefore, zinc sulfate is used in food supplements to address the zinc deficiency disorder. Its use is extensive in a variety of medicines as well. The World Health Organization affirms that zinc deficiency results in 12% of diarrheal diseases, 17% of lower respiratory tract infections, and 20% of malaria all over the world. Zinc deficiency also claims lives and has burdened the healthcare industry significantly in the last few years, fostering the total spending.
Furthermore, the notable growth of the agriculture as well as agrochemicals sectors have favored the zinc sulfate market. The World Bank reveals that by 2050, the worldwide agriculture industry will feed close to 10.7 billion people. The stunning growth of the agriculture industry has fostered the demand for agrochemicals, which is bound to benefit the zinc sulfate market in subsequent years.
Another major application of zinc sulfate is in water treatment, where it is used to enhance the corrosion resistance ability of the water carrying pipes. In the chemicals industry, zinc sulfate has applications as an electrolyte for zinc plating, a mordant in dyeing, protective or preservative agent for wood, skin and leather, as well as in the water purification process. Other chemical applications are bleaching paper, electrode position, and flotation process of mineral separation, which are expected to enhance the zinc sulfate market size in the following years.
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Key Players
The major market players in the market are
- Midsouth Chemical
- Changsha Latian Chemicals Co. Ltd
- Rech Chemical Co. Ltd
- Tianjin Xinxin Chemical Factory
- Alpha Chemicals
- Zinc Nacional
- Ravi Chem Industries
- Balaji Industries
- Tianjin Topfert Agrochemical Co.
- Old Bridge Chemical, Inc.
- China Bohigh
- Changsha Haolin Chemicals Co. Ltd
- Gupta Agri Care
- Sulfozyme Agro India Pvt. Ltd.
- Sigma-Aldrich, Inc.
Zinc Sulfate Market Segmentation
The market for zinc sulphate has been considered for type, application, and end-user industry.
The different types of zinc sulfate in the market are zinc sulfate monohydrate, zinc sulfate anhydrous, zinc sulfate heptahydrate and zinc sulfate hexahydrate. Zinc sulfate monohydrate along with zinc sulfate heptahydrate, forms the biggest share, given the provision of multiple benefits including less moisture absorption and high stability.
Main applications of zinc sulfate are agrochemicals, medical, water treatment, synthetic fibers, and chemical. Zinc sulfate’s applications in the agrochemical field is extremely high and is expected to have a positive impact on the overall market growth.
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Regional Classification
The regional distribution of the zinc sulphate industry comprises Asia Pacific or APAC, Europe, North America, as well as MEA or the Middle East & Africa.
The zinc sulphate market in APAC will be experiencing unprecedented gains over the ensuing years, with the highest revenue generating country expected to be China. The country is a zinc producing powerhouse, housing several manufacturers with robust manufacturing capacities. India is another country brimming with exciting opportunities, as zinc sulphate is increasingly being used in the agrochemicals segment. Zinc India confirms that the zinc deficiency rate in soils could shoot up to around 63% by the year 2025. At present, over seven out of ten soil types are zinc deficient, which is bound to have a negative impact on food production. Likewise, more than a quarter of the total population in India faces the risk of developing severe zinc deficiency. As a result, zinc-based fertilizers’ applications have been rising in the country. This is presumed to have a favorable impact on the zinc sulphate market in the region.
Middle East & Africa is touted to witness substantial growth in the forthcoming years, largely owing to the booming population across Africa that is affected by zinc deficiency as well as various other health conditions. Apart from this, the government is coming up innovative ideas to deal with the rampant rise in these diseases, with major focus on the agriculture as well as the healthcare sector.
Recent Development
November 2021: Wata Chemical Limited, an Indian manufacturer and supplier of various acids, had a 24 percent drop in earnings in the fiscal year 2020-21. During the pandemic, sales of the company’s three key goods fell, but it was able to maintain 70 percent of production to meet client demand. Aluminum and zinc sulphate, magnesium sulphate, sulphuric acid, basic chrome powder, and linear alkyl benzene sulphonic acid are all produced by Wata Chemical.
October 2021 -CSC e-Governance Services India partnered with Krishak Bharati Cooperative (KRIBHCO) to give farmers with access to fertilizers and agricultural inputs through 400 thousand village level entrepreneurs. KRIBHCO goods, such as imported urea, DAP, NPK/NPS, bio-fertilizer, city compost, zinc sulphate, certified seeds, hybrid seeds, and potash generated from molasses, will be sold and distributed through Common Services Centres (CSCs). KRIBHCO is in the fertilizer, agro inputs, and seed manufacturing, importing, and marketing sector.
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Table of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Intensity Of Competitive Rivalry
4.2 Value Chain/Supply Chain Of Global Zinc Sulfate Market
5 Industry Overview Of Global Zinc Sulfate Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
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