Global Zinc Chemicals Market 2019-2023: Rise in Demand for Nano Zinc Oxide & Increasing Use in Semiconductor Industry - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 28, 2019--
The “Global Zinc Chemicals Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The zinc chemicals market will register a CAGR of nearly 5% by 2023.
Zinc chemicals such as zinc oxide, zinc sulfate, and zinc carbonate are used in various end-user industries such as agriculture, automotive, glass and ceramics, and paints and coatings. The agriculture industry is one of the major end-user industries, which consumes zinc chemical in the form of zinc sulfate as fertilizer additives, which helps to improve the fertility of the soil.
Zinc oxide is used during the curing process of synthetic and natural rubber, which is used for manufacturing automotive tires as it offers properties such as high resistance against heat, chemical reinforcement, and compression fatigue. As a result, the increased demand for automotive and product development in the tire industry have contributed to the growth of the zinc oxide market.
Rising demand for zinc chemicals in the APAC region
The global zinc chemical market is witnessing high growth in countries such as China, India, and Indonesia. Many original equipment manufacturers (OEMs) are shifting facilities to these countries due to factors such as cheap labor, availability of land, low transportation costs, and less stringent government norms. APAC has the presence of several textile vendors and a vast consumer base, due to which there will be an increasing demand for zinc chemicals in textiles. Further, the growth of the chemical industry in APAC is expected to fuel the demand for zinc chemicals during the forecast period. Zinc chemicals in the form of zinc sulfate, zinc acetate, and zinc cyanide are used in the chemical industry to manufacture chemical reagents for various applications.
Volatility in raw material prices
The lack of availability of zincite ores to produce zinc chemicals such as zinc oxide, zinc sulfate, and zinc chloride has led to an increase in the price ores to produce zinc chemicals. The increase in the prices of zinc will affect the demand and supply equilibrium of the global zinc chemicals market. Moreover, the non-availability of raw materials increases the operational costs and cost of products in the market.
The market appears to be highly fragmented. The presence of several companies including EverZinc Group and L. Brggemann GmbH & Co. KG makes the competitive environment quite intense. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies. Old Bridge Chemicals Inc., Toho Zinc Co. Ltd., and U.S. Zinc Corp. are some of the major companies covered in this report.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market segmentation analysis
PART 04: MARKET SIZING
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 06: MARKET SEGMENTATION BY TYPE
Market segmentation by type
Comparison by type
Zinc oxide - Market size and forecast 2018-2023
Zinc sulfate - Market size and forecast 2018-2023
Zinc carbonate - Market size and forecast 2018-2023
Zinc chloride - Market size and forecast 2018-2023
Others - Market size and forecast 2018-2023
Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
Key leading countries
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
Rise in demand for nano zinc oxide
Increasing use in semiconductor industry
Upgradation in zinc ore production capacity
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
Market positioning of vendors
For more information about this report visit https://www.researchandmarkets.com/r/8ry2pa
View source version on businesswire.com:https://www.businesswire.com/news/home/20190528005652/en/
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INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 05/28/2019 01:00 PM/DISC: 05/28/2019 01:00 PM