Global Zinc Sulfate Market 2019-2023|Industry Analysis and Forecasts| Technavio

January 8, 2019

LONDON--(BUSINESS WIRE)--Jan 8, 2019--The global zinc sulfate market research report by predicts the market to post a CAGR of close to 4% during the period 2019-2023.

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Technavio has released a new market research report on the global zinc sulfate market for the period 2019-2023. (Graphic: Business Wire)

A key driver for the global zinc sulfate market is the increasing demand for zinc sulfate in the agricultural industry. Zinc sulfate is usually used as a fertilizer additive in the agricultural industry for preventing and correcting zinc deficiency in crops. Zinc sulfate is the most commonly used source of zinc in granular fertilizers due to its high solubility in water and low cost of production. Zinc sulfate heptahydrate and zinc sulfate monohydrate display high solubility in soil and are suitable for use in all types of soils.

This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2019-2023. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the increasing zinc production as one of the key trends in the global zinc sulfate market:

Global zinc sulfate market: Increasing zinc production

The gap between the supply and demand of zinc adversely affected zinc mining in the past few years. Zinc is usually used in many alloys such as iron, copper, and bronze, and others. It is used for manufacturing chemical compounds such as zinc oxide and zinc sulfate. The closure of mines led to a shortage in production around the globe, which increased zinc prices.

“The high prices of zinc increased zinc production by manufacturers in 2018. The major zinc producing countries such as China, Australia, India, and Peru started manufacturing zinc in 2017. China produced 5.1 million metric tons of zinc in 2017 and was the largest global zinc producer,” says a senior research analyst at Technavio.

Global zinc sulfate market: Segmentation analysis

This zinc sulfate market analysis report segments the market by application (agriculture, medical, and others) and geography (the Americas, APAC, and EMEA).

The agriculture segment held the largest zinc sulfate market share in 2018, accounting for about 47% of the market. This application segment is expected to dominate the global market throughout the forecast period.

The APAC region led the market in 2018 with around 44% of the market share, followed by EMEA and the Americas respectively. The APAC region is expected to dominate the market throughout the period 2019-2023.

Looking for more information on this market?

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 ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

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View source version on businesswire.com:https://www.businesswire.com/news/home/20190108005639/en/

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SOURCE: Technavio Research

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PUB: 01/08/2019 09:10 AM/DISC: 01/08/2019 09:10 AM


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