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 5.78% during the forecast period. In the agricultural sector, zinc sulfate plays a pivotal role as an essential fertilizer additive. Its primary function is to mitigate and rectify zinc deficiencies in crops. Given its high water solubility and cost-effective production, zinc sulfate is the preferred choice in granular fertilizers. Both zinc sulfate heptahydrate and monohydrate variants offer superior solubility in soil, making them versatile options for various soil types. The agricultural industry, a significant economic contributor, is witnessing a surging demand for fertilizer additives, thereby propelling the consumption of zinc sulfate throughout the forecast period..
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
In the agricultural sector, zinc sulfate serves a crucial role as a fertilizer additive, addressing zinc deficiencies in crops. Prevalent in granular fertilizers, zinc sulfate is the preferred choice due to its high water solubility and cost-effective production. The escalating demand for fertilizer additives will fuel the consumption of zinc sulfate throughout the forecast period. With the expansion of agricultural activities worldwide, the agriculture industry's growth will lead to a substantial surge in fertilizer demand. In densely populated countries like India and China, the necessity for food production intensifies, further increasing the requirement for zinc sulfate.
By Type, Solid segment is expected to hold the largest market size for the year 2024
In the agricultural sector, zinc sulfate plays a crucial role as a micronutrient essential for optimal plant growth. This colorless crystalline solid is available in two hydrated forms: hexahydrate and heptahydrate. Zinc deficiencies can negatively impact plant development and productivity, leading to poor crop yields. To mitigate this issue, zinc sulfate is commonly applied to crops at both the sowing and standing stages. This can be done directly to the soil or as a foliar spray. The expanding agricultural activities worldwide will fuel the demand for zinc sulfate during the forecast period.
APAC is forecasted to hold the largest market size by region in 2024
The Zinc Sulfate market witnesses significant growth due to its extensive applications in various industries, including pharmaceuticals, agriculture, and food processing. This inorganic compound's demand stems from its essential role as a micronutrient for plants and a key ingredient in numerous medicinal products. Market trends indicate continued expansion, driven by increasing health awareness and agricultural advancements.
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:
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Research Analysis Overview
The Zinc Sulfate market is experiencing a surge in usage across various industries due to its versatile applications. In the agricultural industry, ZnSO4 is widely used as a fertilizer additive to address zinc deficiency in soil, particularly in areas with high population density and agricultural activity. In water treatment, Zinc Sulfate is employed for its ability to improve the efficiency of water softening and flocculation processes. Moreover, in the pharmaceuticals sector, Zinc Sulfate is essential in medicine production, including treatments for skin-related ailments. The textile sector also utilizes Zinc Sulfate in fabric manufacturing as a finishing agent. In the forecast period, the market is projected to grow significantly due to the increasing demand for Zinc Sulfate in granular fertilizers, pesticides, and insecticides. The cost-effectiveness of Zinc Sulfate makes it an attractive option for the agriculture industry, water treatment, and pharmaceuticals. The Water treatment industry and medicine production segments are expected to dominate the market during the projection period. The surge in usage of Zinc Sulfate in the agriculture industry, food, and fertilizers is also expected to drive the market growth.
Market Research Overview
The global Zinc Sulphate (ZnSO4) market is experiencing significant growth due to urbanization and rapid industrialization. The mining industry is a major source of ZnSO4 production, with the agrochemical sector also contributing due to its use as a flotation agent in the production of fertilizers, pesticides, and herbicides. The livestock industry uses ZnSO4 as an animal feed additive to cure zinc deficiency in cattle and pigs. The water treatment industry is another significant consumer of ZnSO4, as it is used in water-treatment systems as a coagulant and clarifier. In the pharmaceutical sector, ZnSO4 is used as a precursor in the production of medicines for skin-related ailments, tablets, and medicinal drugs. The surge in usage of ZnSO4 in various industries can be attributed to the increasing population density, poor nutrition, and changing food habits and lifestyles. The production volume of ZnSO4 is projected to increase during the projection period due to its cost-effectiveness and solubility in water. However, tight monetary conditions, such as high interest rates, have led to sluggish procurement in the agrochemical sector, resulting in stockpiles and supply-side pressures. The downstream agrochemicals industry, including Sulphuric Acid, is also affected by these conditions. ZnSO4 is used in various industries, including the synthetic fiber industry for the production of rayon fibers, lithopone pigment for textile shades, and fabric manufacturing. It is also used in the production of fertilizers, food, cosmetics, deodorants, detergent, adhesives, pigments, and industrial chemicals. The mining industry uses ZnSO4 as a raw material in the production of zinc chemicals, which are used as mordants, flotation agents, and corrosion inhibitors. The agrochemical sector uses ZnSO4 as a fertilizer additive, herbicide, and pesticide. The pharmaceutical sector uses ZnSO4 as a precursor in the production of medicines for skin-related ailments, tablets, and medicinal drugs. The cosmetics industry uses ZnSO4 as a cosmetic biocide, deodorant, astringent, and anti-microbial agent. The oral hygiene industry uses ZnSO4 as a component in toothpaste and mouthwash. The textile sector uses ZnSO4 as a mordant, coagulant, and plating zinc in electroplating processes. The chemical industry uses ZnSO4 as an electrolyte, solvent, and catalyst. The agricultural sector uses ZnSO4 as a fertilizer, especially in crops that are prone to zinc deficiency. The agriculture industry also uses ZnSO4 as a flotation agent in the production of agricultural sprays. The healthcare industry uses ZnSO4 as a mineral supplement to cure zinc deficiency in humans. The synthetic fiber industry uses ZnSO4 as a raw material in the production of rayon fibers. The pigment industry uses ZnSO4 as a precursor in the production of various pigments, including lithopone pigment, which is used in textile shades and fabric manufacturing. The millennials are increasingly becoming aware of the importance of maintaining good health and personal hygiene, leading to an increase in the demand for ZnSO4 in the cosmetics industry. ZnSO4 is used in deodorants, cosmetics, and personal care products to deodorize, clean the skin, and act as an anti-microbial agent. The contracts and agreements signed between various industries and suppliers of ZnSO4 are crucial in ensuring a steady supply of this essential mineral. The global ZnSO4 market is expected to continue its growth trajectory due to its wide range of applications and the increasing demand for cost-effective and efficient solutions in various industries.
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