The global zinc chloride market size was US$ 299 million in 2021. The global zinc chloride market size is forecast to reach US$ 464 million by 2030, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2022 to 2030.
Zinc chloride, which has the chemical formula ZnCl2, is a concentrated solid and deliquescent salt that can be created by evaporating or by immediately interacting with an aqueous solution. Zinc chloride is primarily utilized as an electrolyte in dry cells. In those other uses, it also serves as a condensing agent, a dehydrating agent, a wood preservative, a deodorant, and a disinfectant. The production of paper, chemicals, and pharmaceuticals are just a few of the businesses that utilize zinc chloride. It is employed in the production of solvents like ethyl acetate, dyes, and intermediate compounds in the chemical industry.
Factors Influencing Market Growth
The growing use as an electrolyte in dry cell batteries in the automotive industry drives the global market.
Increasing demand for zinc chloride as a coagulant for dyes and rising production of chemicals like methylene chloride, zinc bacitracin, and ethyl acetate fuel the global market growth.
Stringent government regulations associated with the use of zinc chloride and the rising adverse effect on the body may slow down the overall market growth.
Growing consumption from the textile processing sector and increasing demand from the oil and gas industries are forecast to offer lucrative opportunities for the global market.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed a lockdown in order to curb the spread of the deadly virus. This led to the closure of various end-users owing to a lack of raw materials and lack of labor.
Regional Analysis
The Asia Pacific region held dominance in the market and is forecast to remain dominant during the forecast period. As a result of the rising demand from various end-user industries. In addition, growing demand for zinc chloride from India and China and government initiatives to encourage industrial development. Moreover, the existence of a massive production base of various manufacturers and the country's continuous rise in export to various countries. Thus, these factors drive the market growth in the region.
Leading Competitors
The leading prominent companies profiled in the global zinc chloride market are:
Flaurea Chemicals
Eurocontal SA
American Elements
Vijaychem Industries
Haihua Industry
Global Chemical Co. Limited
PT. Indo Lysaght
Lipmes
YangguZhongtian Zinc Industry Co., Limited
TIB Chemical AG
Pan-Continental Chemical Co., Limited
Other Prominent Players
Scope of the Report
The global zinc chloride market segmentation focuses on Grade, Application, End-use, and Region.
Segmentation based on Grade
High Purity Grade
Technical Grade
Battery Grade
Commercial Grade
Segmentation based on Application
Dry Cell Batteries
Catalyst
Water Treatment
Others
Segmentation based on End-use
Electronics
Agriculture
Chemical
Textile
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Meta Title: Zinc Chloride Market Size, Share, Insight and Forecast 2022 To 2030
Meta Description: Global Zinc Chloride Market is projected to reach US$ 464 million by the end of 2030 from US$ 299 million in 2021, at a CAGR of 5.2%
Meta Keywords: zinc chloride market Size, zinc chloride market share, zinc chloride market trend, zinc chloride market Forecast, zinc chloride market insight