The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global zinc chemicals market is poised for substantial growth, charting a course from $9.43 billion in 2022 to an anticipated $9.95 billion in 2023, showcasing a Compound Annual Growth Rate (CAGR) of 5.5%. Looking ahead, the projections suggest reaching $12.09 billion in 2027, maintaining a steady CAGR of 5.0%.

Driving Force: Automotive Industry Acceleration

• Automotive Industry Surge: The rapid growth of the automotive industry emerges as a primary driver propelling the zinc chemicals market. Zinc plays a pivotal role in automotive part production, contributing to the manufacture, distribution, retail, and upkeep of automobiles.
• Critical Automotive Components: Zinc is indispensable in crafting automotive parts such as door lock housing, pawls, retractor gears, pulleys for seat belt systems, camshaft components, and sensor components.
• Unique Material Properties: The uniqueness of zinc lies in its ability to provide strength, ductility, and malleability in alloys, making it an irreplaceable component in automotive manufacturing.
• US Automotive Market Insights: In the US, the automotive market is robust, with a total worth of $100.9 billion in 2022 and a production output of 9.2 million vehicles in 2021. The motor vehicle and parts industry in the United States generated a substantial $1.53 trillion in revenue in 2021.

Industry Leaders: Key Players Steering the Wheel

The zinc chemicals market is shaped by key industry players making strategic moves. Major participants include U.S. Zinc, Hindustan Zinc, Akrochem Corporation, Weifang Longda Zinc Industry Co. Ltd., Hakusui Tech Co Ltd., Zinc Oxide LLC, Votorantim, and others.

Technological Leap: Advancements Reshaping the Market

• Focus on Technological Advancements: Technological advancement stands out as a key trend gaining traction in the zinc chemicals market. Companies are actively engaged in developing advanced chemicals to bolster their market positions.
• Bimeda’s Innovative Launch: In November 2021, Bimeda, an Ireland-based animal health product manufacturer, introduced Zinc Oxide Spray, a groundbreaking skin-protection ointment. This innovative product, containing zinc oxide, lanolin, and allantoin, is designed for various animals, including cattle, horses, sheep, goats, pigs, and dogs.
• Versatile Protective Coating: Bimeda’s Zinc Oxide Spray dries to form an air-permeable protective coating, guarding against irritants like dirt, sweat, urine, moisture, and wound secretions. Its applications extend to skin protection before applying plaster casts and covering the skin around fistulas.

Market Segmentation: Unveiling Varied Dimensions

The zinc chemicals market exhibits diversity, segmented based on crucial parameters:

1. Type: Zinc Oxide, Zinc Sulfate, Zinc Carbonate, Zinc Chloride, Other Types – recognizing the diverse forms of zinc chemicals pivotal in various applications.
2. Application: Rubber Compounding, Agriculture, Glass and Ceramics, Paints and Coatings, Chemicals, Food and Pharmaceuticals, Textiles, Other Applications – acknowledging the extensive range of industries relying on zinc chemicals.

Regional Dynamics: Asia-Pacific Dominance, North America’s Swift Rise

• Asia-Pacific’s Lead: In 2022, Asia-Pacific emerged as the largest region in the zinc chemicals market, reflecting a robust market presence and high adoption rates.
• North America’s Growth Trajectory: The forecast indicates North America is poised to be the fastest-growing region in the global zinc chemicals market during the forecast period, signaling a dynamic shift in the industry landscape.

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The Zinc Chemicals Global Market Report 2023  provides an overview of the zinc chemicals market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The zinc chemicals market forecast analyzes zinc chemicals market size, zinc chemicals market share, leading competitor and their market positions.

The Table Of Content For The Zinc Chemicals Market Include:
1. Zinc Chemicals Market Executive Summary
2. Zinc Chemicals Market Segments
3. Zinc Chemicals Market Size And Zinc Chemicals Market Growth Rate
4. Key Zinc Chemicals Market Trends
5. Major Zinc Chemicals Market Drivers
……
25. Key Mergers And Acquisitions In The Zinc Chemicals Market
26. Top Zinc Chemicals Companies
27. Zinc Chemicals Market Opportunities And Strategies
28. Zinc Chemicals Market, Conclusions And Recommendations
29. Appendix

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