Latest News - Zinc Sulfate Market: Agriculture is expected to lead the Application segment during 2024-2028

The Zinc Sulfate Market is being driven by Increasing demand for zinc sulfate in agricultural industry

The Zinc Sulfate Market is expected to grow at a CAGR of 5.78% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 803.7 million. Zinc sulfate plays a pivotal role in the textile industry, serving as a crucial input for the production of various textile products. In the synthesis of fabrics, it functions as a key additive, contributing to the generation of distinct hues. Furthermore, it is indispensable in the manufacturing process of rayon, acting as a coagulant. Additionally, zinc sulfate acts as a precursor to lithopone pigment, which is extensively utilized in the textile sector. The expansion of the global textile industry is projected to boost the demand for zinc sulfate during the forecast period, positioning it as a significant chemical component for this industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Agriculture
  • Medical
  • Others
• Type
  • Solid
  • Liquid
• Geography
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
  • North America
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for zinc sulfate in agricultural industry
• Safe for use in food and medical applications
• Need to meet rising demand for crops

However, the market also witnesses some limitations, which are as follows:

• Volatility in zinc prices
• Lack of awareness
• Increasing use of zinc sulfate substitutes in agriculture industry

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Market Scope in Zinc Sulfate Market Research Report

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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 diversified metals and mining market encompasses businesses involved in the production and extraction of a range of metals and minerals, including non-ferrous metals such as zinc, lead, nickel, tin, titanium, and others, as well as salt, borate, phosphate rock, and diverse mining operations. According to Technavio's market analysis, the market size is determined by the consolidated revenue generated by these companies from their metal and mineral production and diversified mining activities. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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