The Asia-Pacific region is expected to grow at a CAGR of 8.4% throughout the forecast period due to higher consumption of zinc sulfate in this region
NEW YORK CITY, NEW YORK, USA, August 10, 2022 /EINPresswire.com/ — This report on the zinc sulphate market offers in-depth trend analysis to estimate its growth in the near future. It provides a historical survey and evaluates the trends seen in the collected data to speculate the development of its size, share, demand, total revenue and revenue. It considers the years 2019 and 2020 to collect historical data while considering 2021 as the base year to establish a forecast for the years 2022 to 2028. This assessment indicates a stable CAGR in the forecast duration and examines the sectors which could stimulate the development of the industry.
The zinc sulfate market is expected to grow at a rate of 6.5% in terms of value, from 2020 to reach USD 11.28 billion by 2028. Zinc sulfate is a colorless, odorless, crystalline inorganic compound and water soluble, also widely known as white vitriol, and comes in various forms depending on its type of end use. Zinc Sulfate is listed as an essential medicine in the World Health Organization’s List of Essential Medicines, due to its vital importance in the medication process for maintaining the basic health system.
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Major companies in the market include: Changsha Lantian Chemical Co., Ltd., Tianjin Xinxin Chemical, Alpha Chemicals Pvt Ltd, Zinc Nacional, SA, Topfert Agrochemical Pte. Ltd., Merck KGaA, Mid South Chemical Company, Inc., Old Bridge Chemicals, Inc., Ravi Chem Industries, Sulfozyme Agro India Pvt. ltd., among others.
Zinc sulfate is commercially available as a generic drug and over-the-counter drugs. Zinc sulfate has another medicinal property of healing wounds and inflamed or itchy skin in animals. Global Zinc Sulfate Market is growing at a steady rate owing to the growing demand for Zinc Sulfate in medical and pharmaceutical applications for its excessive use as parent nutrition, dietary supplement, oral rehydration therapy for diarrhea and essential mineral in the basic health system. operation for humans and livestock. Zinc sulfate supplement is recommended by the World Health Organization as a must-have medicine for diarrhea. Rising cases of gastroenteritis and consumption of oral rehydration solutions (ORS) are directly contributing to propel zinc sulfate market share. Rising use of viscose fibers such as rayon, artificial silk and strong growth in animal feed supplements are some of the other driving factors mentioned for this market. Health risks associated with zinc sulfate ingestion and fluctuating raw material prices are expected to be major restraining factors in this market.
The impact of COVID-19: The growing COVID-19 pandemic has resulted in weaker demand for coatings in electronics, automotive, construction and white goods. The market has the ability to rebound, but that entirely depends on how long the lockdown lasts, and also on the impact of the virus on the economy. Even though the overall market demand is decreasing, the demand for zinc sulfate market is expected to increase in the coming years.
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Sales Channel Outlook (Revenue, USD Billion; 2018-2028)
Medical stores and brand outlets
Outlook Form (Revenue, USD Billion; 2018-2028)
End-Use Verticals Outlook (Revenue, USD Billion; 2018-2028)
Health & Pharmaceutical
Fiber and textile industries
For a comprehensive understanding of market dynamics, the global Zinc Sulfate market is analyzed across key geographies, namely: North America (United States, Canada, and Mexico), Europe (Germany, France, United Kingdom , Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina and Colombia), Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt , Nigeria and South Africa). Each of these regions is analyzed based on market findings in major countries in these regions for macro-level market understanding.
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A few points on how the report benefits stakeholders:
The reports include historical (2019-2021) and forecast (2022-2028) data points, revenue and CAGR in the form of tables, figures and graphs, with supporting detailed and qualitative written information for each. .
The revenue breakdown is provided for each segment in these formats for global, regional and for each country in the respective region for each year between 2019 and 2028.
The report contains insights into growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other market-related aspects.
The report contains data and information about customers, competitors, suppliers/distributors and other players and the global market.
Market research analysis is essential for all crucial business strategies and can help in many ways to better understand the strategies deployed by competitors, product launches, competitor analysis, technological advancements and various other factors. that improve a company’s sales or perhaps provide ideas to focus on mergers and acquisitions as a strategy or enter into strategic agreements or joint ventures, etc.
The report contains company profiles of major companies operating in the market along with their respective revenue and operating segments, geographic scope, market footprint, headquarters, growth rates, recent product developments / services, their expansion strategies, expansion investments, etc.
Finally, Zinc Sulfate Market report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locations, item values, profits, limitations, production, supply, requirements, market development rates, and figures.
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