Zinc sulphate/sulfate is an inorganic compound having a chemical formula of ZnSO4. This colorless, odorless, and crystalline solid is historically known as white vitriol. It is derived from Zinc by combining zinc ash with aqueous sulfuric acid. Zinc Sulphate is typically used in healthcare industries in the treatment of zinc deficiencies. It is also considered as an essential mineral for plant nutrition, human and animal.
As a result, Zinc Sulphate Market Review is used as a fertilizer in the agriculture sector and pharmaceutical for commercial purpose. In textile manufacturing, zinc sulphate is used in the production of rayon as a coagulant. It is also used as a mordant in dyeing and in electrolytes for zinc plating and as a preservative for leather and skins.
In the past few years, the global zinc sulfate market has been multiplying mainly due to its wide range of applications in various burgeoning industries such as agriculture, healthcare, pharmaceutical, and chemicals among others. Moreover, its widening application areas such as dietary supplement, animal feed, water treatment, and in the personal care products are escalating the market on the global platform.
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Acknowledging the colossal traction, the market is garnering currently, Market Research Future (MRFR) in its recently published study report asserts that the global Zinc Sulphate market is expected to expand further with exponential gains by 2023, registering a phenomenal CAGR throughout the anticipated period (2021 - 2030).
Zinc sulphate is the key for increasing crop yields for agricultural use, as well as a key component in the production of automotive tire, paints coatings, glass, and construction materials. The demand for Zinc as Micronutrient in Agriculture is expected to grow extensively with the anticipated rise in the global population which is likely to exceed to 9 BN by 2050 that will subsequently increase the food consumption by 70 percent.
The demand for zinc sulphate is estimated to rise in the coming years predominantly led by the agricultural and healthcare sector. Simultaneously, the decreasing rate of arable land is increasing the demand for zinc sulphate, meeting the augmenting demand for global crop yields and food consumption. Over the last decade, the demand for zinc sulphate has risen notably in agriculture as a fertilizer. These trends are expected to support the global zinc sulphate market, creating strong demand in the upcoming years.
However, the ingestion of zinc sulphate in large doses can be fatal, proving dangerously harmful to health. Hence, the reported adverse reaction cases of zinc sulfate (anemia, nausea, abdominal pain, irritation or corrosion of elementary tract, diarrhea, and in severe cases, vomiting of blood skin infection and diarrhea/lose motions) are estimated to restrict the growth of the market during the forecast period.
Also, factors such as inadequate awareness towards health benefits of zinc sulphate, low bioavailability, low dietary intake and unstable political situation alongside the improper priority setting in national agenda are likely to impede the growth of the market.
Global Zinc Sulphate Market – Segmentation
For ease of understanding, the analysis has been segmented into four key dynamics:
By Type: Zinc Sulfate Anhydrous, Zinc Sulfate Monohydrate, Zinc Sulfate Hexahydrate, and Zinc Sulfate Heptahydrate among others.
By Application: Medicine, Agrochemical, Chemical, Synthetic fibers, and Water Treatment among others.
By End-use Industry: Healthcare, Agriculture, Chemical, and Textile among others.
By Regions: North America, Asia Pacific, Europe, and the Rest-of-the-World.
Global Zinc Sulphate Market – Regional Analysis
The Asia Pacific region heading with a large number of manufacturing bases dominates the global zinc oxide paints market. Factors such as the massive demand from the some of the burgeoning end-user industries such as healthcare, agriculture, chemical, and textile alongside the vast technological advancements would help the APAC region to continue with its hegemony throughout the assessment period (2017-2023).
Increasing use as a fertilizer and animal feed has made the most prominent growth in the demand and production of the product. China is one of the major suppliers of zinc sulphate whereas India a strong market for zinc sulphate as a huge population is engaged in the activities related to farming and agriculture. The APAC has long been attracting foreign investors due to the lucrative investment policies and low production cost due to the ample availability of cost-competitive labor force and natural gas from which ethane is obtained.
The zinc sulfate market in the Middle East Africa region accounts for the second largest market, globally. The region witnesses a huge demand for zinc sulphate has seen an intensive growth due to the vast population of African region which is suffering from zinc deficiency and other health-related issues. Also, government initiatives to come up with the solutions to get over with diseases are fostering the growth of the regional market. In the MEA region, zinc sulfate can have a fruitful scope to capture the market.
The European zinc sulfate market is emerging as a profitable market, globally. Factors such as the high zinc deficient population and the presence of a proliferating pharmaceutical industry in the region drive the growth of the market. Additionally, increasing uses of the product in health supplements and water treatment is propelling the growth of the market in the region.
Global Zinc Sulphate Market - Competitive Outlook
Highly competitive, the zinc sulphate market is fragmented due to the presence of many key players. These players are increasingly expanding by setting up facilities to efficiently meet the growing demand triggered by the increasing industrialization and upgradation. They strive to inculcate the latest technical innovations in their manufacturing procedures to reduce the harmful factors, transpiring huge investments into RD.
Major Players:
Key players leading the global zinc sulfate market include Changsha Latian Chemicals Co., Ltd, Midsouth Chemical, Rech Chemical Co. Ltd, Alpha Chemicals, Tianjin Xinxin Chemical Factory, Zinc Nacional, Balaji Industries, Ravi Chem Industries, Tianjin Topfert Agrochemicial Co., China Bohigh, Old Bridge Chemical, Inc., Changsha Haolin Chemicals Co., Ltd, Sulfozyme Agro India Pvt. Ltd., Gupta Agri Care, and Sigma-Aldrich, Inc. among others.
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