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The Zinc Chloride Market Report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The Zinc Chloride Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, and future strategies, acquisitions & mergers, and market footprint.
The global zinc chloride market report has been segmented on the basis of grade, application, end-use industry, and region.
Zinc Chloride Market Overview:
“The Zinc Chloride Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Zinc Chloride is a chemical compound that is constituted of zinc and chlorine. It is a granular crystalline powder that is also highly hygroscopic in nature. It is colorless or white and is highly soluble in water, hygroscopic, and deliquescent.
Zinc chloride’s wide range of applications includes textile processing, metallurgical fluxes, and chemical synthesis. Zinc chloride is useful in the preparation of methylene chloride, zinc chemicals, diazonium compounds, zinc bacitracin, and ethyl acetate.
Increasing demand for zinc chloride from the petroleum industry to separate oil from water due to its emulsion breaker property is a major factor expected to drive the growth of the global zinc chloride market.
In addition, growing demand from the electronic, agriculture, and chemical sectors is expected to support the growth of the global zinc chloride market.
Furthermore, increasing adoption form of zinc chloride in dry cell batteries as an electrolyte in the automotive sector, and increasing use of zinc chloride as a dehydrating agent are other factors expected to support the growth of the global zinc chloride market.
However, stringent government regulations related to the use of zinc chloride due to its toxic nature are a major factor expected to restrain the growth of the global zinc chloride market.
In addition, harmful effects of zinc chloride on the body such as rashes and burning sensation in the eyes is expected to challenge the growth of the global zinc chloride market to a certain extent.
Increasing R&D activities by major players for advancements with cost-effective solutions is expected to create new opportunities in terms of revenue for players operating in the global zinc chloride market over the forecast period.
Asia Pacific market is expected to contribute a major revenue share to the global zinc chloride market and is expected to dominate the market over the forecast period.
This can be attributed to the growing automotive sector leading to the growing demand for dry batteries with zinc chloride, the flourishing agriculture sector, and the presence of major manufacturers in emerging economies such as China and India in this region.
The markets in North America and Europe are expected to contribute a significant share in terms of revenue to the global market, followed by the markets in Latin America, and Middle East & Africa.
The market in North America is projected to register faster growth, owing to increasing demand from the petrochemical industry in economies in this region.
Global Zinc Chloride Market Segmentation:
- High Purity Grade
- Battery Grade
- Technical Grade
- Commercial Grade
- Dry Cell Batteries
- Water Treatment
- Others (Textile Processing, Wood Preservatives, etc.)
By End-Use Industries:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Zaclon LLC
- Flaurea Chemicals
- Vijaychem Industries
- American Elements
- Eurocontal SA
- PT Indo Lysaght
- Global Chemical Co. Ltd
- TIB Chemical AG
- SA Lipmes
- Hebei Haihua Energy Development Co., Ltd.
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