Global Zinc Sulfate Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Zinc Sulfate Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global zinc sulfate market report has been segmented on the basis of form, application, and region.

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Global Zinc Sulfate Market: Overview

Zinc sulfate is an inorganic compound produced by treating zinc-containing metal, oxides, or minerals with sulfuric acid. It is an odorless and white crystalline solid with various properties such as non-oxidizing and noncombustible. The chemical formula of zinc sulfate is ZnSO4. It is also known as white vitriol and Goslarite. Zinc sulfate is used in various applications such as fertilizers, medicines, chemical, food & beverages, etc.

Global Zinc Sulfate Market: Dynamics

Growing demand for zinc sulfate as a supplement to treat humans facing lack of zinc is a major factor expected to drive growth of the target market in years to come. In addition, zinc sulfate is used in crops to improve nutritional value of soil and in animal feed to treat zinc deficiency. Increasing demand for zinc sulfate in chemical industry as a mordant, electrolyte, coagulant, and others for various applications is another factor expected to support revenue growth of the global zinc sulfate market. Moreover, increasing industrialization and increasing demand for zinc sulfate in agrochemicals and food & beverages industries are among some of the other factors expected to fuel growth of the zinc sulfate market in the next coming years.

However, stringent rules and regulations regarding manufacturing of the product is a major factor which may restrain growth of the zinc sulfate market. In addition, zinc sulfate is toxic if consumed in large doses and can cause abdominal pain, nausea, diarrhea, vomiting, and others which is another factor expected to hamper growth of the target market to a certain extent.

Increasing adoption of zinc sulfate in desulphurization process and manufacturing of latex products is a factor expected to create revenue opportunity for manufacturers operating in the target market.

Global Zinc Sulfate Market: Segment Analysis

Among the form segments, the zinc sulfate heptahydrate segment is expected to account for significant revenue share in the target market in the next coming years. Among the application segments, the chemical segment is projected to register significant revenue share in the target market. Increasing demand for zinc sulfate in electrodeposition, water purification process, bleaching paper, flotation process of mineral separation, etc. is a factor driving growth of the segment market.

Global Zinc Sulfate Market: Region Analysis

The zinc sulfate market in Asia Pacific is expected to account for major revenue share contribution in the target market, owing to increasing industrialization, coupled with growing agricultural, chemical, and pharmaceutical industries. The market in Asia Pacific is projected to grow at a significant growth rate in the next 10 years, due to rapid urbanization, coupled with high disposable income of individuals, growing awareness among consumers for a healthy diet in the region. The Latin America market is projected to grow at a moderate rate in the global zinc sulfate market, followed by Middle East & Africa market, owing to huge population suffering from zinc deficiency in the regions.

Global Zinc Sulfate Market Segmentation:

Segmentation on the Basis of Form:

Zinc Sulfate Monohydrate
Zinc Sulfate Heptahydrate
Others (Zinc Sulfate Hexahydrate and Zinc Sulfate Anhydrous)

Segmentation on the Basis of Application:

Pharmaceutical
Food & Beverages
Chemical
Agricultural
Other (Water treatment and Synthetic Fibers)