Global Zinc Sulfate Market Trends, Applications, Analysis, Growth, and Forecast to 2028

Global Zinc Sulfate Market: Overview

"The global Zinc Sulfate 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 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, chemicals, food & beverages, etc.

Global Zinc Sulfate Market: Dynamics

Growing demand for zinc sulfate as a supplement to treat humans facing a lack of zinc is a major factor expected to drive the growth of the target market in years to come. In addition, zinc sulfate is used in crops to improve the nutritional value of soil and in animal feed to treat zinc deficiency.

Increasing demand for zinc sulfate in the 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 the growth of the zinc sulfate market in the next coming years.

However, stringent rules and regulations regarding the manufacturing of the product is a major factor that may restrain the 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 the growth of the target market to a certain extent.

Increasing adoption of zinc sulfate in the desulphurization process and manufacturing of latex products is a factor expected to create revenue opportunities 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 a significant revenue share in the target market in the next coming years. Among the application segments, the chemical segment is projected to register a 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 the growth of the segment market.

Global Zinc Sulfate Market: Region Analysis

The zinc sulfate market in the Asia Pacific is expected to account for a major revenue share contribution in the target market, owing to increasing industrialization, coupled with growing agricultural, chemical, and pharmaceutical industries. The market in the Asia Pacific is projected to grow at a significant growth rate in the next 10 years, due to rapid urbanization, coupled with the high disposable income of individuals, and growing awareness among consumers for a healthy diet in the region.

The Latin American market is projected to grow at a moderate rate in the global zinc sulfate market, followed by Middle East & Africa market, owing to the 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)

Segmentation on the Basis of Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa