The Zinc Chloride Market is expected to grow at a CAGR of 4.5% to reach USD 173.3 million by 2028. The textile industry's growing requirement for zinc chloride, particularly in the resin system to confer durable press properties to synthetic and cotton fabrics, is fueling the expansion of the global zinc chloride market. Additionally, the market is experiencing significant demand for zinc chloride in fabric fresheners to eliminate unpleasant odors. Approximately 64% of zinc chloride is utilized in the textile sector, where it is employed to dissolve silk, starch, and cellulose in water. Furthermore, the market is witnessing increased demand for zinc chloride as a coagulant for textile dyes, addressing the issue of dye sludge generation.
APAC dominates the regional market because of The Zinc Chloride market represents a significant business opportunity due to its extensive applications in various industries. Key end-use sectors include oil and gas production, pharmaceuticals, and agriculture. Zinc Chloride's unique properties, such as its strong acidity and high solubility, make it an indispensable ingredient in drilling fluids, pharmaceutical intermediates, and fertilizers. Market growth is driven by increasing demand from these sectors and regulatory compliance requirements. Businesses looking to capitalize on this trend should consider strategic partnerships, product innovation, and operational efficiency to gain a competitive edge.
There are various factors that drive the Zinc Chloride Market market which are as following: In the automotive sector, zinc chloride batteries have gained significant traction due to their large-scale production for electric vehicles. Recent tests have demonstrated that these batteries provide enhanced energy, longer shelf life, and improved vehicle performance. The ability to power vehicles and various electronic appliances, resulting in zero emissions, is a major growth driver for the global zinc chloride market. Although lithium-ion batteries currently dominate the electric vehicle battery market, the forecast period is expected to witness increased demand for zinc chloride due to its cost-effectiveness and weight reduction capabilities, making it an attractive alternative for vehicle manufacturers.
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Zinc Chloride Market Segmentation
Application (Dry cell batteries, Water treatment, Catalyst, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa)
The market witnesses several challenges, which are as follows Zinc chloride, a widely used compound in various industries, carries potential health risks. Exposure to this substance can lead to respiratory issues such as lung edema and pulmonary damage. Skin contact may result in irritation and burning eyes. Gastrointestinal tract complications, including hematemesis, are also possible. Historically, zinc chloride smoke screens have been employed for civilian and military applications. However, due to lethal incidents linked to their use in confined spaces, their employment for screening purposes has largely been discontinued. Despite these concerns, the use of zinc chloride in open-air environments remains acceptable with stringent safety measures in place.
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Some of the key companies that have been profiled in the report include:
The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals used in the production of a diverse range of products, including fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio's market analysis, the market size is determined by the consolidated revenue of manufacturers producing high-value-added chemicals for various industries. Key growth drivers for the specialty chemicals market include the increasing demand for specialty adhesives and sealants, which are expected to significantly contribute to market expansion throughout the forecast period. - The Zinc Chloride Market is experiencing significant growth, fueled by the Increasing use of zinc chloride as a coagulant in the automotive industry. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
The Zinc Chloride market encompasses a wide range of applications, including oral hygiene solutions, wound care products, and antiseptics, due to its antimicrobial properties. In the personal care sector, zinc chloride is commonly used in toothpaste as a thickener and anticaries agent. The chemical compound, with the chemical formula ZnCl2, is also essential in water treatment, electronics, medicine, and agriculture. Zinc chloride is a white crystalline solid obtained by reacting zinc metal with hydrochloric acid or chlorine gas. It is a versatile raw material used in various industries, such as fertilizers as a micronutrient, energy storage devices like solar cells, and cosmetics. Unilever, a leading consumer goods company, is a significant player in the toothpaste market, utilizing zinc chloride for its oral hygiene products. The EU REACH regulation governs the production, use, and disposal of chemical substances, including zinc chloride. CoastalZinc, a leading global producer of zinc chloride, ensures compliance with these regulations while maintaining high-quality standards. Overall, the zinc chloride market continues to grow due to its diverse applications and increasing demand across various industries.
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