Global Zinc Sulphate Market Insights Forecasts to 2033

• The Global Zinc Sulphate Market Size was Estimated at USD 1.75 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 5.36% from 2023 to 2033
• The Worldwide Zinc Sulphate Market Size is Expected to Reach USD 2.95 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

The Global Zinc Sulphate Market Size is projected to reach USD 2.95 Billion by 2033, growing at a CAGR of 5.36% from 2023 to 2033. The growing emphasis on enhancing agricultural productivity by government initiatives is driving the market growth for zinc sulphate.

Market Overview

The zinc sulphate market refers to the market for zinc sulphate, an inorganic compound with the chemical formula ZnSO4 which is used in a variety of industries such as agriculture, healthcare, and manufacturing. Zinc sulphate is historically known 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. In the agricultural industry, zinc sulphate is essential, mostly as a fertilizer component to prevent and treat crop zinc deficiencies. Zinc sulphate usage is anticipated to increase due to the ongoing increase in demand for fertilizer additives as its high water solubility and affordability make it a common ingredient in granular fertilizers. The growing need for zinc sulphate in the textile sector is a new trend as zinc sulphate is added to a variety of chemicals during the fabric manufacturing process. The need for fertilizers, hybrid seeds, agricultural inputs, and related services is anticipated to create growth opportunities in the agriculture industry. The adoption of zinc sulphate in comprehensive soil health management programs is providing a lucrative market opportunity for zinc sulphate.

Report Coverage

This research report categorizes the zinc sulphate market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the zinc sulphate market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the zinc sulphate market.

Driving Factors

The rising demand for zinc sulphate in the agricultural industry for preventing and treating zinc deficiency in crops is propelling the market for zinc sulphate. Further, the increasing demand for zinc sulphate as a lithopone precursor in the textile sector is driving the market demand. The need for zinc sulphate with numerous medical uses in the pharmaceutical sector is driving the market demand. Zinc sulphate is a necessary mineral with numerous medical uses as it aids in protein synthesis, enzyme reactions, and immunological function, all of which are essential to human health.

Restraining Factors

The volatility in the prices of raw materials owing to factors like interruptions in the mining of zinc ore, logistical challenges, or geopolitical issues is challenging the zinc sulphate market.

Market Segmentation

The global zinc sulphate market share is classified into type and application.

• The heptahydrate segment accounted for the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the type, the zinc sulphate market is classified into heptahydrate, monohydrate, anhydrous, and hexahydrate. Among these, the heptahydrate segment accounted for the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period. Heptahydrate form of zinc sulphate is the most common form of zinc sulphate, used in the production of zinc oxide nanoparticles. The diverse application of zinc sulphate heptahydrate in industries such as laboratory reagents, agriculture, and brewing is driving the market expansion.

• The agrochemicals segment accounted for a majority of market share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

 Based on the application, the zinc sulphate market is classified into agrochemicals, pharmaceuticals, chemical synthesis, synthetic fibers, water treatment, and others. Among these, the agrochemicals segment accounted for a majority of market share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Zinc sulphate is primarily used as a micronutrient fertilizer in the agrochemicals segment to correct zinc deficiencies in crops. The widespread use of zinc sulphate in the agrochemicals sector is propelling the market expansion.

Regional Segment Analysis of the Zinc Sulphate Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the zinc sulphate market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the zinc sulphate market over the predicted timeframe. The region’s agriculture and healthcare industries are significantly contributing to driving the zinc sulphate market. Further, the rising consumption of zinc sulphate in the chemical industries with the growing industrialization and disposable income levels is propelling the market for zinc sulphate.

Europe is expected to grow at the fastest CAGR growth of the zinc sulphate market during the forecast period. The rise in the need for pharmaceutical applications, which would subsequently propel zinc sulphate use in the region is driving the market. The increasing application of zinc sulphate in the production of medications is contributing to propel the market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the zinc sulphate market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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.
• 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 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, By 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 the Middle East & Africa