Global Zinc Sulphate Market Size To Worth USD 2.95 Billion By 2033 | CAGR of 5.36 %
Category: Chemicals & MaterialsGlobal Zinc Sulphate Market Size To Worth USD 2.95 Billion By 2033
According to a research report published by Spherical Insights & Consulting, The Global Zinc Sulphate Market Size is Expected to Grow from USD 1.75 Billion in 2023 to USD 2.95 Billion by 2033, at a CAGR of 5.36 % during the forecast period 2023-2033.
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Browse key industry insights spread across 244 pages with 109 Market data tables and figures & charts from the report on the "Global Zinc Sulphate Market Size, Share, and COVID-19 Impact Analysis, By Type (Heptahydrate, Monohydrate, Anhydrous, and Hexahydrate), By Application (Agrochemicals, Pharmaceuticals, Chemical Synthesis, Synthetic Fibers, Water Treatment, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/zinc-sulphate-market
The zinc sulphate market is the industry for zinc sulphate, an inorganic compound with the chemical formula ZnSO4, which is used in a variety of industries including agriculture, healthcare, and manufacturing. Zinc sulphate was initially referred to as “white vitriol”. It is included on the World Health Organization’s List of Essential Medicines, which identifies the most crucial drugs required in the basic healthcare system. The need for fertilizers, hybrid seeds, agricultural inputs, and related services is anticipated to create growth opportunities for the zinc sulphate market in the agriculture industry. Further, the adoption of zinc sulphate in comprehensive soil health management programs is providing a lucrative market opportunity for zinc sulphate. The increasing need for zinc sulphate for preventing and treating zinc deficiency in crops is driving the market demand. Further, the demand for zinc sulphate in textile and pharmaceutical sector is propelling market growth. On the contrary, the price volatility of raw materials is challenging the zinc sulphate market.
The heptahydrate segment held the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the type, the global zinc sulphate market is divided into heptahydrate, monohydrate, anhydrous, and hexahydrate. Among these, the heptahydrate segment held the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period. Zinc sulphate heptahydrate is most prevalently used in the process of creating zinc oxide nanoparticles. The wide range of applications for zinc sulphate heptahydrate in sectors like brewing, agriculture, and laboratory reagents is driving the market expansion.
The agrochemicals segment held the major market share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the global zinc sulphate market is divided into agrochemicals, pharmaceuticals, chemical synthesis, synthetic fibers, water treatment, and others. Among these, the agrochemicals segment held the major market share in 2023 and is expected to grow at a significant CAGR during the forecast period. In the agrochemicals sector, zinc sulphate is mostly utilized as a micronutrient fertilizer to address zinc deficiency in crops. The extensive usage of zinc sulphate in the agrochemicals industry is driving the market.
Asia Pacific is projected to hold the largest share of the global zinc sulphate market over the forecast period.
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Asia Pacific is projected to hold the largest share of the global zinc sulphate market over the forecast period. The increasing consumption of zinc sulphate in the chemical industries along with the rising industrialization and disposable income levels is driving the market. Further, the region’s agriculture and healthcare industries are majorly contributing to propelling the market for zinc sulphate.
Europe is predicted to grow at the fastest CAGR in the zinc sulphate market over the forecast period. The growing usage of zinc sulphate in the production of medications is driving the market growth. Further, the rise in the need for pharmaceutical applications, which would subsequently propel zinc sulphate use in the region is driving the market.
Major key players in the zinc sulphate market include Changsha Haolin Chemicals Co., Ltd., Old Bridge Minerals Inc., Bohigh Group, Balaji Chemicals, Tianjin Topfert Agrochemical Co., Rech Chemical Co. Ltd., Sigma-Aldrich, Inc., Rongqing Chemical Co. Ltd., Clean Agro, Oasis Fine Chem, FUJI KASEI CO., LTD., GRILLO-Werke AG, Prakash Chemicals, Sulfozyme Agro India Pvt. Ltd., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In March 2023, Nevada Zinc Corporation announced the successful production of high-grade zinc sulfate monohydrate from its pilot plant project.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global zinc sulphate market based on the below-mentioned segments:
Global Zinc Sulphate Market, By Type
- Heptahydrate
- Monohydrate
- Anhydrous
- Hexahydrate
Global Zinc Sulphate Market, By Application
- Agrochemicals
- Pharmaceuticals
- Chemical Synthesis
- Synthetic Fibers
- Water Treatment
- Others
Global Zinc Sulphate Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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