Zinc Chloride Market Report 2019-2029
A Global Zinc Chloride Market Estimate and Forecast – Industry Insights for Consumption, Demand, Production, Price Trend, Competitive Intelligence and Opportunity Analysis Along the Value Chain
The global zinc chloride market was valued at $272.3 million in 2018. Zinc chloride is a composite are either white or colorless and occurs in its nine crystalline procedures. It is thereby a granular powder that is developed by heating zinc sulphate and calcium chloride together. The zinc chloride is used in odour control, vulcanized fiber, galvanizing, soldering and tinning fixtures, textile finishing, and reclaimed rubber.
Moreover, zinc chloride is witnessing increased acceptance from chemical and oil & gas industry thereby escalating the global demand. Furthermore, this composite is considered to be dissolvable compound and is gaining increasing acceptance in several industry domains such as textile processing and chemical synthesis. Besides, liquescent property of this compounded when dissolved are used in several antiseptic mouth wash products in the form of disinfectant. Additionally, at the time of ignition, these compounds become a smokescreen when a mixture is formulated with hexachloroethane and zinc oxide.
Increasing demand for zinc chloride observed from chemical and textile industry is the key factor driving the growth of the global zinc chloride market exponentially. Approximately, 64% of the composite of zinc chloride in water is further used for dissolving cellulose, silk and starch. It provides various benefits to the fabric in the textile industry such as fabric refreshers and proofing agents. Moreover, zinc chloride is used as a pungent in printing and dying material which is thereby propelling the growth of global zinc chloride market considerably.
Furthermore, extensive utilisation of zinc chloride in chemical industry is another factor pertaining towards the growth of global zinc chloride market. Zinc chloride is used in the form of dry cell batteries and liquid fertilizers and is used as a heterocyclic compound in liquid fertilizes. Increasing demand for batteries in commercial and industrial domain is anticipated to aggravate the demand for dry cell batteries and primary cells and zinc chloride is used in dry cells and considered to be prime cell batteries.
Zinc chloride market forecast 2019 – 2029 estimates the historical market size in terms of consumption as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the zinc chloride manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Agriculture, electronics, pharmaceutical, chemical and others industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.
The reports provide the analysis based on grade, application, and end user segment. On the basis of grade, the global zinc chloride market is categorised into battery grade, commercial grade, high purity grade, and technical grade. Among all these segments, high purity grade is anticipated to witness highest CAGR during the forecast period. High purity grade is suitable for consumption in various analytical and laboratory applications. Moreover, solution and powder of high purity grade formulates zinc chloride that are further utilised in various industrial applications such as soldering fluxes and galvanizing.
Based on application, the global zinc chloride market is segmented into water treatment, dry cell batteries, catalyst, and others. Of all, dry cell batteries category holds the largest share in the global market in 2018 owing to the increasing technological upgradations implementing in the manufacturing processes of dry cell battery. Moreover, zinc chloride is the major substance that is used in dry cell batteries to deliver electrical power to various substances thereby escalating the growth of the global zinc chloride market.
On the basis of end user, the global zinc chloride market is classified into agriculture, electronics, pharmaceutical, chemical, and others. Among all these segments, agriculture domain is anticipated to witness highest CAGR during the forecast period. Zinc is considered to be an essential component for plant and animal life and removing deficiency of zinc in children which is further stimulating the use of zinc in fertilisers in various countries across the globe.
The zinc chloride market in North America is anticipated to generate largest revenue throughout the estimated period due to increasing acceptance of zinc chloride in various industry domains such as oil & gas and healthcare industry. Zinc chloride are used in the wells of oil & gas and packer fluid and larger gravity as a result to which completion of oil & gas wells is possible with the amalgamation of calcium chloride and zinc chloride.
Moreover, zinc chloride market in Asia-Pacific is anticipated to witness fastest growth during the forecast period due to increasing manufacturing activities being undertaken in China. Besides, swelling consumption for the manufacturing of chemicals in the region such as methylene chloride, zinc bacitracin, diazonium and ethyl acetate are anticipated to bolster the growth of zinc chloride market in this region.
The report also offers the insights for the European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.
The eminent key players in the global zinc chloride market are undertaking product expansion and acquisitions in order to improve its product offerings and enhance its portfolio. Some of the players having prominent presence in the global zinc chloride market include Weifang Dongfangsheng Chemical Co., Ltd., TIB Chemicals AG, Zaclon LLC, P.T. Indo Lysaght, Apex Chemicals Corporation, America Elements, Lipmes, Eurocontal SA, Global Chemicals Co. Ltd., Flaurea Chemicals, Vijaychem Industries, Haihua Industry, Pan-Continental Chemical Co., Ltd, and Yanggu Zhongtian Zinc Industry Co., Ltd.
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CCR Ref number: KD4R6
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