NEW YORK , Feb. 6, 2023 /PRNewswire/ --
The in-depth analysis provided in the report includes:
Current and future market trends to highlight market conditions
Comparative analysis of the market and its segments for the historic period of 2017 - 2021
Market drivers and market impediments and their impact on market growth
Positioning of market players and their business strategy analysis
Zinc sulfate market size and segmentation analysis
The zinc sulfate market is estimated to grow at a CAGR of 5.4% between 2022 and 2027. The size of the market is forecast to increase by 857.39 thousand tons. The zinc sulfate market is segmented based on type, application, and geography.
Based on the type, the zinc sulfate market is segmented into solid and liquid.
Based on application, the market is segmented into agriculture, medical, and others.
Based on geography, the zinc sulfate market is segmented into APAC, Europe , North America , South America , and Middle East and Africa .
For insights on the market contribution of each segment, Buy the report!
Zinc sulfate market: Country-Level Analysis
The countries covered in the Zinc sulfate market report are the US and Canada (North America ); the UK, Germany , France , and the Rest of Europe (Europe ); China , and India (APAC); Chile , Brazil , and Argentina (South America ); Saudi Arabia , South Africa , and Rest of the Middle East & Africa (Middle East & Africa ).
APAC will account for 39% of the market growth during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The rising demand for medicines and other pharmaceutical products in APAC will also drive market growth. In the medical industry, it is used as a dietary supplement to treat zinc deficiency and improve oral rehydration in cases of diarrhea.
Furthermore, it is also used for purifying wastewater for drinking and other industrial uses. Therefore, the increasing demand for drinking water in highly populated countries, such as China and India , will drive the market during the forecast period.
The geographic landscape of the report also provides market-impacting factors and changes that impact current and future trends. For detailed information, Request a sample!
Zinc sulfate market: Dynamics & Insights
Technavio's research report on the zinc sulfate market provides analysis and insights about the various drivers, along with key challenges, that impact the market throughout the forecast period.
The increasing demand for zinc sulfate in the agricultural industry is notably driving the market growth. In the agricultural industry, Zinc sulfate is generally used as a fertilizer additive for preventing and rectifying the effects of zinc deficiency in crops. It is the most commonly used source of zinc in granular fertilizers owing to its high solubility in water and low cost of production. Moreover, the growing agricultural activities increase the use of fertilizers, insecticides, and pesticides. The global agricultural industry is registering significant growth, led by the rising demand for food in highly populated countries such as India and China . Therefore, the growth in the agricultural industry is expected to accelerate the market growth during the forecast period.
However, lack of awareness is a major challenge impeding the market growth. The lack of proper knowledge encourages farmers to use conventional ways. With smart and sustainable farming techniques gaining traction in the market, farmers must be aware of agricultural products such as zinc sulfate, which are used to increase the yield of crops. In developing countries, skilled labor and lack of awareness among farmers are key challenges in implementing zinc sulfate. The lack of awareness regarding the benefits and advantages of zinc sulfate will affect the global market in terms of volume consumption and value generation. Therefore, these factors will hinder the growth of the market during the forecast period.
Zinc sulfate market: Competitive Landscape and Vendor Analysis
Technavio's report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Some of the major players operating in the Zinc sulfate market are 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., and Zinc Nacional S.A., among others. For insights on the vendor offerings, Download a PDF sample!
The silver sulfate market is estimated to grow at a CAGR of 3.77% between 2021 and 2026. The size of the market is forecast to increase by USD 378.26 million . The low cost and easy availability of raw materials are notably driving the silver sulfate market growth, although factors such as the harmful effects of silver sulfate may impede the market growth.
The copper sulfate market is estimated to grow at a CAGR of 5.6% between 2021 and 2026. The size of the market is forecast to increase by 80.56 metric tons. The growth in the copper market is notably driving the copper sulfate market growth, although factors such as the increasing number of substitutes for copper sulfate may impede the market growth.
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Accelerate at a CAGR of 5.4%
APAC, Europe, North America, South America, and Middle East and Africa
US, China, India, Japan, and Germany
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
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., and Zinc Nacional S.A.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
3.4 Market outlook: Forecast for 2022-2027
4.1 Global Zinc Sulfate Market 2023-2027 2017 - 2021
6.3 Solid - Market size and forecast 2022-2027
6.4 Liquid - Market size and forecast 2022-2027
7.3 Agriculture - Market size and forecast 2022-2027
7.4 Medical - Market size and forecast 2022-2027
7.5 Others - Market size and forecast 2022-2027
9.3 APAC - Market size and forecast 2022-2027
9.4 Europe - Market size and forecast 2022-2027
9.5 North America - Market size and forecast 2022-2027
9.6 South America - Market size and forecast 2022-2027
9.7 Middle East and Africa - Market size and forecast 2022-2027
9.8 China - Market size and forecast 2022-2027
9.9 US - Market size and forecast 2022-2027
9.10 Germany - Market size and forecast 2022-2027
9.11 India - Market size and forecast 2022-2027
9.12 Japan - Market size and forecast 2022-2027
10.3 Impact of drivers and challenges
12.6 Changsha Haolin Chemicals Co. Ltd.
12.7 Changsha Lantian Chemicals Co. Ltd.
12.12 Rech Chemical Co. Ltd.
12.15 Sulfozyme Agro India Pvt. Ltd.
13.3 Currency conversion rates for US$
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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