The Global Zinc Sulfate Market is accounted for $10.00 billion in 2020 and is expected to reach $18.23 billion by 2028 growing at a CAGR of 8.1% during the forecast period. Growing demand as a supplement for lack of zinc deficiency, increasing demand from chemical industry, and need of zinc sulfate as a fertilizer additive are driving the market growth. However, stringent rules and regulations and its side effects due to heavy dosage is hampering the growth of the market.
The Global Zinc Sulfate Market is majorly driven by growing demand as a supplement for lack of zinc deficiency, increasing demand from chemical industry, and need of zinc sulfate as a fertilizer additive. The agrochemical segment is growing at a highest CAGR as it is mostly applied to crops, especially pecans, deciduous fruits, peanuts, cotton, corn, and citrus, and added to feed for cattle and poultry. South America dominated with a significant market share due to the factors such as large presence of zinc deficient population in the country and the rise in the production of agrochemicals in the region.Asia Pacific market is growing at a highest CAGR as it is mostly adopted in the region owing to its specialization and advancements and moreover, growing awareness among consumers for a healthy diet in the region increases demand for zinc supplements.
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Based on the application, the agrochemical segment is going to have lucrative growth during the forecast period as it is mostly applied to crops, especially pecans, deciduous fruits, peanuts, cotton, corn, and citrus, and added to feed for cattle and poultry. By geography, Asia Pacific is going to have high growth during the forecast period as it is mostly adopted in the region owing to its specialization and advancements and moreover, growing awareness among consumers for a healthy diet in the region increases demand for zinc supplements.
Some of the key players profiled in the Zinc Sulfate Market include Changsha Latian Chemicals Co. Ltd, Old Bridge Chemical, Inc., Rech Chemical Co. Ltd, Tianjin Topfert Agrochemical Co., Zinc Nacional, Sulfozyme Agro India Pvt. Ltd., Alpha Chemicals, Sigma-Aldrich, Inc., Tianjin Xinxin Chemical Factory, Mid South Chemical Co., Inc., Merck KGaA, Finoric LLC and Hebei Yuanda Group.
Products Covered:• Food Chemicals Codex (FCC)/United States Pharmacopeia (USP) Grade• Industrial Grade• Technical Grade Forms Covered:• Zinc Sulfate Monohydrate• Zinc Sulfate Hexahydrate• Zinc Sulfate Anhydrous• Zinc Sulfate HeptahydrateApplications Covered:• Admixtures for Concrete• Agrochemical• Medicine/Healthcare• Chemical• Other ApplicationsEnd Users Covered:• Textile• Agriculture• Food & Beverages• Transportation
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