AP NEWS
Click to copy
Press release content from Business Wire. The AP news staff was not involved in its creation.
Click to copy
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Zinc Chemicals Market 2019-2023 | Increased Use of Zinc Sulfate in Food and Medical Applications to Boost Growth | Technavio

May 20, 2019
Technavio has published a new market research report on the global zinc chemicals market from 2019-2023. (Graphic: Business Wire)
Technavio has published a new market research report on the global zinc chemicals market from 2019-2023. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--May 20, 2019--

The global zinc chemicals market is expected to post a CAGR close to 5% during the period 2019-2023, according to the latest market research report by Technavio.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190520005616/en/

Technavio has published a new market research report on the global zinc chemicals market from 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the market is the increased use of zinc sulfate in food and medical applications. In the pharmaceutical industry, zinc sulfate is used as a dietary supplement; it is used to treat zinc deficiency and improve oral rehydration, which occurs during diarrhea. Zinc sulfate is regarded as first-line therapy in pre-symptomatic patients and pregnant women and is also used for the treatment and prevention of papillomatous digital dermatitis (PDD), a foot disease in cattle and sheep. In the food and beverages industry, zinc sulfate is used as a nutritional supplement. It is also used as a food supplement and as an animal feed. Thus, the increasing food and medical applications of zinc sulfate will boost the demand for zinc chemicals during the forecast period.

As per Technavio, the increasing use in the semiconductor industry will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global zinc chemicals market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global zinc chemicals market: Increasing use in the semiconductor industry

The increasing demand for zinc oxide in the production of varistors, ferrites, and solar cells is expected to propel the growth of the global zinc chemicals market during the forecast period. Zinc oxide is an essential ingredient in soft-type ferromagnetic materials for television, radio, and telecommunications applications. Ferrites based on magnetite, zinc oxide, and nickel oxide is used as a filter inductor circuit in many types of electronic devices. Zinc oxide acts as a photocatalyst in the production of solar energy cells. In the production of varistors, it offers high-temperature stability and resistance. Thus, the vast potential of zinc oxide in the semiconductor industry will contribute to market growth during the forecast period.

“Apart from the increasing use of zinc in the semiconductor industry, zinc chemicals are also being used in various end-user industries such as agriculture; automotive; glass and ceramics; and paints and coatings. For instance, zinc oxide is mainly used in rubber compounding, in the automotive industry. Also, major automotive manufacturing countries such as China, Germany, India, and the US are using zinc oxide in various automotive components. Thus, the increasing use of zinc chemicals in various sectors will boost market growth over the next few years,” says a senior analyst at Technavio.

Global zinc chemicals market: Segmentation analysis

This market research report segments the global zinc chemicals market by type (zinc oxide, zinc sulfate, zinc carbonate, zinc chloride, others), and geographical regions (APAC, Europe, South America, North America, and MEA).

The APAC region led the market in 2018, followed by Europe, South America, North America, and MEA, respectively. During the forecast period, the APAC region is expected to dominate the global market and register the highest incremental growth due to the increase in production of automotive in the region.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190520005616/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 05/20/2019 12:23 PM/DISC: 05/20/2019 12:23 PM

http://www.businesswire.com/news/home/20190520005616/en

All contents © copyright 2019 The Associated Press. All rights reserved.