세계의 황산아연 시장 예측(-2030년) : 제품 유형, 형태, 유통 채널, 최종 사용자 및 지역별 분석

According to Stratistics MRC, the Global Zinc Sulphate Market is accounted for $3.80 billion in 2024 and is expected to reach $6.31 billion by 2030 growing at a CAGR of 8.8% during the forecast period. Zinc sulphate is an inorganic compound with the chemical formula ZnSO4, commonly found in its hydrated forms. It appears as a colourless crystalline solid and is highly soluble in water. Zinc sulphate is widely used as a dietary supplement to treat zinc deficiency, in agricultural fertilizers to promote plant growth, and in animal feed as a micronutrient.

Market Dynamics:

Driver:

Agricultural demand

Agricultural demand has widespread use in fertilizers to address zinc-deficient soils. Zinc is an essential micronutrient for plant growth, aiding in enzyme function, protein synthesis, and photosynthesis. Farmers and agricultural industries increasingly use zinc sulphate to boost crop yield and improve soil fertility, particularly in regions with zinc-deficient soils. As global food demand rises, the need for enhanced agricultural productivity drives the demand for zinc sulphate, positioning it as a critical component in modern farming practices.

Restraint:

Fluctuating raw material prices

Fluctuating raw material prices, such as zinc and sulfur, vary due to market conditions and geopolitical factors, producers may struggle to maintain competitive pricing. This volatility can lead to increased operational costs, which may be passed on to consumers, reducing demand. Furthermore, uncertainty in raw material availability can disrupt supply chains, making it challenging for manufacturers to meet market demand consistently, ultimately stunting market growth.

Opportunity:

Sustainable practices

Sustainable practices are increasingly prioritized by governments, industries, and consumers. Eco-friendly manufacturing processes reduce waste and minimize environmental impact, appealing to companies committed to sustainability. In agriculture, the use of zinc sulphate as a micronutrient helps improve crop yields without depleting the soil, supporting sustainable farming. Additionally, industries adopting circular economy models are driving demand for zinc sulphate in environmentally responsible applications, further boosting the market's growth.

Threat:

Regulatory restrictions

Regulatory restrictions aim to mitigate environmental concerns, such as soil and water contamination, limiting the use of zinc sulphate in certain regions. Compliance with these regulations can increase production costs and complicate market entry for new players. Additionally, the need for extensive testing and approval processes may delay product launches, thereby stifling innovation and limiting market growth potential in the zinc sulphate sector.

Covid-19 Impact

The COVID-19 pandemic impacted the zinc sulphate market both positively and negatively. On one hand, demand for zinc supplements surged due to the mineral's immune-boosting properties, increasing its use in dietary supplements and pharmaceuticals. However, disruptions in the supply chain, labour shortages, and restrictions on manufacturing affected production and distribution. Agricultural demand for zinc sulphate fertilizers also faced delays, particularly in regions heavily impacted by the pandemic.

The powder segment is expected to be the largest during the forecast period

Over the estimation period, the powder segment is likely to capture the largest market share, due to its versatility and widespread use in various industries. In agriculture, powdered zinc sulphate is commonly used as a fertilizer additive, improving crop yields by correcting zinc deficiencies in soil. Its easy solubility makes it highly effective for foliar applications and soil treatments. In animal feed, the powdered form is preferred for better mixing and uniform distribution, promoting healthier livestock. Additionally, the powder segment finds applications in pharmaceuticals and water treatment, further driving its demand and market growth.

The online sales segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the online sales segment is predicted to witness the highest growth rate, due to increased accessibility and convenience for consumers. With the rise of e-commerce platforms, customers can easily purchase zinc sulphate for various applications, including supplements, agricultural fertilizers, and industrial use, from anywhere in the world. This digital shift allows suppliers to reach a broader audience, especially in remote areas where traditional distribution channels may be limited. Additionally, online platforms offer detailed product information, competitive pricing, and bulk purchasing options, further boosting demand and market growth for zinc sulphate.

Region with largest share:

Over the forecast period, the Asia Pacific region is anticipated to hold the largest market share due to rising agricultural activities and the increasing need for crop fortification. Countries like China and India, with their large agrarian economies, are major consumers of zinc sulphate for fertilizers to address zinc-deficient soils and improve crop yields. Additionally, the growing demand for zinc supplements in healthcare and animal feed industries further supports market expansion. Industrial applications, such as water treatment and textile production, also contribute to market growth, making Asia-Pacific a key player in the global zinc sulphate market.

Region with highest CAGR:

During the forecast period, the North America region is anticipated to register the highest CAGR, owing to widespread use in agriculture, animal feed, and dietary supplements. In agriculture, zinc sulphate is essential for enhancing crop yields and addressing zinc-deficient soils, especially in the U.S. and Canada. The rising awareness of zinc's health benefits has increased demand for its use in supplements and pharmaceuticals. Additionally, its industrial applications in chemical production, water treatment, further contribute to market expansion. Strong agricultural practices and a growing health-conscious population are key factors fuelling market growth in the region.

Key players in the market

Some of the key players profiled in the Zinc Sulphate Market include Zinc Nacional, S.A. de C.V., Zochem, Inc., Gulbrandsen Technologies, Inc. , American Elements, Minsol, Neelkanth Chemicals, Korea Zinc Co., Ltd., BASF SE, Mosaic Company, Diversey Holdings, Ltd., Shivam Chemicals, Hindustan Zinc Limited, Nanjing Jinling Chemical Co., Ltd., Shaanxi Jinxin Zinc Industry Co., Ltd., Jiangsu Huatian Chemical Co., Ltd., Tennant Company, Sulfati De Zinc, Toxicology Excellence for Risk Assessment, Balaji Chemicals and Vandana Chemicals.

Key Developments:

In April 2024, BASF and Novozymes announced a partnership to develop enzyme-based solutions for sustainable agriculture. The collaboration focuses on improving crop yields while reducing environmental impact.

In February 2024, BASF launched a new line of biodegradable polyurethane coatings aimed at the automotive and furniture industries, promoting sustainability in coatings technology.

Product Types Covered:

• Zinc Sulphate Heptahydrate
• Zinc Sulphate Monohydrate
• Zinc Sulphate Anhydrous
• Other Product Types

Forms Covered:

• Granules
• Powder
• Liquid

Distribution Channels Covered:

• Direct Sales
• Distributors or Wholesalers
• Online Sales
• Other Distribution Channels

End Users Covered:

• Fertilizer Manufacturers
• Animal Feed Manufacturers
• Pharmaceutical Companies
• Food & Beverage Industry
• Chemical Manufacturers
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Zinc Sulphate Market, By Product Type

• 5.1 Introduction
• 5.2 Zinc Sulphate Heptahydrate
• 5.3 Zinc Sulphate Monohydrate
• 5.4 Zinc Sulphate Anhydrous
• 5.5 Other Product Types

6 Global Zinc Sulphate Market, By Form

• 6.1 Introduction
• 6.2 Granules
• 6.3 Powder
• 6.4 Liquid

7 Global Zinc Sulphate Market, By Distribution Channel

• 7.1 Introduction
• 7.2 Direct Sales
• 7.3 Distributors or Wholesalers
• 7.4 Online Sales
• 7.5 Other Distribution Channels

8 Global Zinc Sulphate Market, By End User

• 8.1 Introduction
• 8.2 Fertilizer Manufacturers
• 8.3 Animal Feed Manufacturers
• 8.4 Pharmaceutical Companies
• 8.5 Food & Beverage Industry
• 8.6 Chemical Manufacturers
• 8.7 Other End Users
  • 8.7.1 Cosmetics
  • 8.7.2 Electronics

9 Global Zinc Sulphate Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Zinc Nacional, S.A. de C.V.
• 11.2 Zochem, Inc.
• 11.3 Gulbrandsen Technologies, Inc.
• 11.4 American Elements
• 11.5 Minsol
• 11.6 Neelkanth Chemicals
• 11.7 Korea Zinc Co., Ltd.
• 11.8 BASF SE
• 11.9 Mosaic Company
• 11.10 Diversey Holdings, Ltd.
• 11.11 Shivam Chemicals
• 11.12 Hindustan Zinc Limited
• 11.13 Nanjing Jinling Chemical Co., Ltd.
• 11.14 Shaanxi Jinxin Zinc Industry Co., Ltd.
• 11.15 Jiangsu Huatian Chemical Co., Ltd.
• 11.16 Tennant Company
• 11.17 Sulfati De Zinc
• 11.18 Toxicology Excellence for Risk Assessment
• 11.19 Balaji Chemicals
• 11.20 Vandana Chemicals