Global Zinc chemical market – Industry Experts Share 2018 Highlights and 2019 Predictions
Zinc Chemical Market: Overview
Zinc is a chemical element. It is bluish white metal having shiny surface. Zinc is transition element that occurs in centre place of periodic table. The periodic table is a chart that shows how chemical elements are related to each other. This metal in same row shows same physical & chemical property. Zinc boil & vaporizes easily when heated. Zinc used in the galvanizing other metals. The galvanization is a process of coating of a zinc metal on the surface of other metal. Zinc does not rust (corrosion) easily like iron and other metals. So the zinc protects the other metals & iron from rust (corrosion). The largest customers of the galvanization metals are the construction & automotive industries. The second largest market of zinc chemical is making alloy. Alloy made by mixing two or more metals. The alloy shows different physical & chemical property than its personal form of metals. The two widely accepted form of a zinc alloy is bronze (mixture of tin (having small amount of zinc) & copper & brass (mixture of zinc & copper). These alloy form of zinc are mostly use in automobile parts, roofing, batteries, organ pipes, electrical fuses, building material, household utensils, etc. Zinc is essential micronutrient for animal, plant & humans.
Zinc Chemical Market: Growth Factor
Growing the use of zinc chemical in electronic & semiconductors industry is a major growth driver for zinc chemical market. Zinc chemical shows the major application in the automobile & ceramic tiles manufacturing industries among the others. Additionally, zinc is widely used in the manufacturing of tires & tubes that are used in the automobiles. Growing demand for zinc in industries such as manufacturing industry, pharmaceutical, automobiles and others driving the growth of zinc chemical market. Zinc is essential for plant, animal, humans so the use of the zinc in fertilizers, in zinc deficiency medicine etc increases the demand of the zinc chemical. The property of zinc also influences the use of the zinc like the alloy products, galvanization products. In the U.S. the galvanization instruments are used that protects the metal corrosion. The largest customer of galvanizing products is automotive industry & construction industry. The ceramic tiles, flooring tiles are influences the zinc market.
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Zinc Chemical Market: Segmentation
The zinc chemical market segmented on the bases of material type, application, and region. On the bases of the material type zinc chemical market divided into zinc oxide, zinc sulfate, zinc carbonate, zinc chloride, others. The zinc sulfate shows largest growth in the agriculture segment having a various application like agriculture sprays, fertilizers, toothpaste & animal feeds. The zinc chemical market divided on the bases of application in that rubber compounding, agriculture, glass & ceramics, paint & coatings, food & pharmaceuticals, textiles, chemicals, others.
Zinc Chemical Market: Regional analysis
The Asia Pacific region projects the fastest growing market for zinc chemical. The countries like China, India, Japan & South Korea have demand for zinc chemical products. The growth of industry such as plastic, rubber compounds, agriculture & manufacturing industry has increased the demand for zinc chemical market in the region. In China & India demand for the zinc chemical expected to increase due to the growing agrochemical industry & economic growth.
Zinc Chemical Market: Competitive players
Some of the most important key players are Boliden (Sweden), Purity Zinc Metals (US), Nyrstar (Belgium), Hindustan Zinc (India), and Votorantim (Brazil). The raw materials used by various zinc chemicals manufacturers, which include U.S. Zinc (US), GHC (Canada), Akrochem (US), BruggemannChemical (Germany), Weifang Longda Zinc Industry (China), Hakusuitech (Japan), American Chemet Corporation (US), Rubamin (India), and Zinc Oxide LLC (US).
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Zinc Chemical Market: Regional segment analysis
- North America
- The U.S.
- The UK
- The Asia Pacific
- Latin America
- The Middle East and Africa