Authored By: Sarah
11 Jul 2024

 Zinc Sulfate Market Size to grow by USD 803.7 million between 2024-2028

According to a research report “ Zinc Sulfate Market” by Application (Agriculture, Medical, Others) Type (Solid, Liquid) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 803.7 million, at a CAGR of over 5.78% during the forecast period. In the agricultural sector, zinc sulfate plays a pivotal role as an essential fertilizer additive, addressing zinc deficiencies in crops. Prevalent in granular fertilizers due to its high water solubility and economical production costs, zinc sulfate is the preferred choice. Both zinc sulfate heptahydrate and monohydrate variants offer superior solubility in soil, making them suitable for various soil types. The expanding demand for fertilizer additives is projected to fuel zinc sulfate consumption within the forecast period. The agricultural industry, a significant contributor to a nation's GDP, underscores the market potential for zinc sulfate.

Browse market data tables, figures, and in-depth TOC on “Zinc Sulfate Market” by Application (Agriculture, Medical, Others) Type (Solid, Liquid) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Application, the Agriculture segment is projected to dominate the market size in 2024

Zinc sulfate, a crucial micronutrient for plant growth, is a colorless crystalline solid available in hexahydrate and heptahydrate forms. In the agricultural sector, it is extensively utilized to mitigate zinc deficiencies, which can negatively impact plant development and productivity. Farmers apply zinc sulfate at the time of sowing or to standing crops, either directly to the soil or as a foliar spray. The expanding agricultural activities worldwide are expected to fuel the demand for zinc sulfate during the forecast period.

By Type, Solid  segment is expected to hold the largest market size for the year 2024

In the agricultural sector, zinc sulfate serves as an essential fertilizer additive, addressing zinc deficiencies in crops. It is the preferred choice in granular fertilizers due to its high water solubility and economical production costs. The escalating demand for fertilizer additives is anticipated to boost zinc sulfate consumption during the forecast period. With the expansion of agricultural activities worldwide, particularly in densely populated nations like India and China, the agriculture industry's growth necessitates increased food production. Consequently, the demand for zinc sulfate is projected to surge significantly due to its role in soil zinc correction.

APAC is forecasted to hold the largest market size by region in 2024

The Zinc Sulfate market represents a significant business opportunity due to its extensive applications in various industries. Key end-use sectors include pharmaceuticals, agriculture, and paper manufacturing. Zinc Sulfate's unique properties, such as its high solubility and ability to act as a flocculant, make it an indispensable ingredient in these industries. Market growth is driven by increasing demand from these sectors, as well as emerging applications in water treatment and food additives. Businesses looking to capitalize on this trend should consider strategic partnerships, product innovation, and expansion into new markets to gain a competitive edge.

The Zinc Sulfate Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Alpha Chemicals
  • AVA Chemicals Pvt. Ltd.
  • BALAJI INDUSTRIES
  • Bohigh Group
  • Changsha Haolin Chemicals Co. Ltd.
  • Changsha Lantian Chemicals Co. Ltd.
  • Clean Agro Chemicals
  • Grillo Werke AG
  • Illinois Tool Works Inc.
  • Merck KGaA
  • Oasis Fine Chem
  • Ravi Chem Industries
  • Rech Chemical Co. Ltd.
  • Redox Ltd.
  • Saba Chemical GmbH
  • Sulfozyme Agro India Pvt. Ltd.
  • Tianjin Xinxin Chemical Factory
  • Vedanta Ltd.
  • WATA Chemicals Ltd.
  • Zinc Nacional S.A.
.

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Research Analysis Overview

The Zinc Sulfate (ZnSO4) market is poised for significant growth in the coming years due to its diverse applications in various industries. In the agricultural sector, ZnSO4 is widely used as a fertilizer additive to address zinc deficiency in soil, particularly in areas with high population density and intensive agricultural activity. The global agricultural industry is projected to witness a surge in usage of ZnSO4 in the forecast period due to the increasing demand for food production and the need to maintain soil fertility. Beyond agriculture, ZnSO4 finds extensive use in the water treatment industry for water clarification and as a coagulant. In the pharmaceutical sector, ZnSO4 is used in medicine production, including the treatment of skin-related ailments. The textile sector also utilizes ZnSO4 in fabric manufacturing as a finishing agent. Moreover, ZnSO4 is an essential ingredient in pesticides and insecticides, making it indispensable in agriculture. The cost-effectiveness of ZnSO4 makes it a preferred choice over other alternatives in various industries. The market for ZnSO4 is expected to grow at a steady pace during the projection period, driven by the increasing demand from the agriculture industry, water treatment, medicine production, and the textile sector.

Market Research Overview

The Zinc Sulfate market is experiencing a surge in usage due to urbanization and rapid industrialization, with key applications in the water treatment industry, medicine production, and agrochemicals. The mining industry is a significant source of ZnSO4, with the global Zinc Sulphate market projected to grow at a steady rate during the forecast period. The livestock industry and agricultural activity also contribute to the demand for Zinc Sulphate as an animal feed additive and fertilizer additive, respectively. Population density and poor nutrition, food habits, and lifestyle choices are driving the need to cure zinc deficiency through medicinal drugs and tablets. The pharmaceutical sector is a major consumer of Zinc Sulfate, with applications in the production of medicines, skin-related ailments, and cosmetics such as deodorants, detergents, and cosmetic biocides. The synthetic fiber industry uses Zinc Sulfate as a mordant, pigment precursor, and flotation agent. The agrochemical sector, including herbicides, pesticides, and fertilizers, also relies on Zinc Sulfate for its cost-effectiveness, solubility in water, and ability to enhance the soil's nutrient value. The tight monetary conditions and sluggish procurement in the agrochemical sector, however, may put pressure on Zinc Sulfate prices. The mining industry faces supply-side pressures due to low-cost Sulphuric Acid, which is a raw material for Zinc Sulfate production. The production of Zinc Sulfate is also used in the textile sector for producing rayon fibers, textile shades, and fabric manufacturing. The Water Treatment industry uses Zinc Sulfate as a coagulant, clarifier, and corrosion inhibitor in water-treatment systems. The chemical industry utilizes Zinc Sulfate as a precursor in the production of various industrial chemicals, including pigments, adhesives, and plating zinc. The millennials' increasing demand for cosmetics, deodorants, and oral hygiene products, as well as the growing use of Zinc Sulfate in agriculture and healthcare, is expected to drive the market growth during the projection period.

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Technavio Research
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Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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