Overview:
The global Zinc Sulfate Market has the scope to register a substantial growth rate during the forecast period of 2022 to 2030. Market Research Future (MRFR) revealed several possibilities that can inspire the market in leaping forward. For instance, end user industries like agriculture, pharmaceutical, food and beverage, water treatment, and others are expected to boost market growth. In agriculture, the rising demand for better food quality is expected to provide traction to the market. On the other hand, the animal feed industry has increased the intake of the product to bolster the cultivation of livestock.
Competitive Landscape:
Rech Chemical Co. Ltd, Tianjin Xinxin Chemical Factory, Midsouth Chemical, Changsha Latian Chemicals Co., Ltd, Ravi Chem Industries, Alpha Chemicals, Zinc Nacional, Old Bridge Chemical, Inc., Balaji Industries, Tianjin Topfert Agrochemical Co., Changsha Haolin Chemicals Co., Ltd, China Bohigh, Sulfozyme Agro India Pvt. Ltd., Gupta Agri Care, and Sigma-Aldrich, Inc. are some of the prominent names making a proper impact on the market. These companies are always trying to increase their profit margin by banking on properly chalked strategies. Their strategies span across innovations, launching, branding, acquisition, merger, and others. MRFR recorded the latest moves taken by these companies to understand and track how the market is paving its way forward. This can also help in forming a proper route for implementing strategies and increase the profit margin.
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Segmentation:
The global market for zinc sulfate has been segmented on the basis of type, application, and end user industry. MRFR analysts have made this segmentation while studying the report to understand various scopes that the market has to offer.
By type, the study on the zinc sulfate market reveals segments like zinc sulfate anhydrous, zinc sulfate monohydrate, zinc sulfate hexahydrate, zinc sulfate heptahydrate.
By application, the discussion on the zinc sulfate market reveals segments like medicine, agrochemicals, chemical, and water processing. The medicine segment includes sub-segments like dietary supplements, astringent, and others. As a dietary supplement, the market for zinc sulfate is gaining tailwinds. The agrochemicals sector includes fertilizer, herbicide, animal feed, and others. The growing demand for a better quality product is expected to boost the production for fertilizer and animal feed segment.
By chemical, the study on the zinc sulfate market has been segmented into dyes & pigments, preservative, flotation process, catalyst, electrolyte, bleaching, and others. The preservative segment would enjoy growth due to its widespread use in the food and beverage industry. Rapidly-growing urbanization is creating substantial scope for the inclusion of zinc sulfate in the food processing industry.
By water treatment, the market depends on the discussion of synthetic fibers. The global market is getting ample traction for this as the increasing urbanization is witnessing a steep rise in water treatment projects where the component is essential.
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Regional Analysis:
In Asia Pacific, the market has a high chance of proliferation in countries like India, China, Sri Lanka, Malaysia, Papua New Guinea, and others. Many of the regional countries are agrarian in nature, which would influence the market outcome considerably.
Industry News:
The global zinc sulfate industry is expecting strong traction from the recent COVID-19 pandemic outbreak. This is happening due to the rising demand for a possible solution to curb the impact of the disease. In some countries, doctors have suggested that people who have taken zinc sulfate as a dietary supplement are showing better chances of recovering. This would spur the production of the medicine and pharmaceutical companies would seize the opportunity to fetch more revenues and increase their profit margins.