NEWARK, Del, June 02, 2022 (GLOBE NEWSWIRE) -- The global zinc carbonate market is projected to expand at a 3.8% CAGR during the forecast period between 2022 and 2032 finds Future Market Insights (FMI) in a recent market analysis. Zinc carbonate, abbreviated ZnCO3, is an inorganic compound. It is also known as smithsonite, calamine, or zinc spar. Zinc carbonate is a white crystalline solid or powder that is insoluble. It is used in various applications such as pharmaceuticals, cosmetics, and fertilizers. Depending upon its usage, it is available in different grades such as pharma & food and technical grade.
Zinc carbonate is extensively utilized by the pharmaceuticals & cosmetics industry across the globe owing to its anti-inflammatory properties. Majorly in cosmetics, it is used in lotions, creams, shampoos & other products. It is also used in feed additives to fight zinc deficiency.
One of the most profitable markets for zinc carbonate is the rubber industry. Zinc carbonate is a commonly used raw material in the production of rubber. It is used to increase the translucency or transparency of natural rubber. It could also be used as a flame retardant by acting as a fireproofing filler in high-temperature rubber. Rising demand for rubbers from various end-use industries is expected to boost zinc carbonate market during the forecast period.
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As per FMI, the global zinc carbonate market is expected to be dominated by East Asia, with total sales reaching US$ 97.2 Mn by 2032.
“Zinc Carbonate sales are expected to be driven by its use in pharmaceuticals, drugs & medicines, and cosmetics across the globe, followed by rubber production and fertilizers.” says an FMI analyst.
Key Takeaways:
- The pharmaceuticals segment is projected to hold approximately 24% of the total market share in 2022.
- The cosmetics segment is anticipated to grow at a 4.2% CAGR through 2032.
- East Asia will emerge as an appealing zinc carbonate market, creating an incremental dollar opportunity of US$ 35.3 Mn during the forecast period.
- The fertilizer segment is expected to reach about US$ 25.6 Mn by end of the forecast period.
Competitive Landscape
Key players in the zinc carbonate market include Global Chemicals, Shepherd Chemical, Seido Chemical Industry, Bruggemann Chemical, Rubamin, Transpek-Silox, Yanggu Zhongtian Zinc Industrial, Ava Chemicals, Pan-Continental Chemical Co., Ltd, Strem Chemicals Inc., TIB Chemicals, Anron Chemicals Inc. and others.
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More Insights into the Global Zinc Carbonate Market Report
In its latest report, FMI offers an unbiased analysis of the global zinc carbonate market, providing historical data for the period 2017-2021 and forecast statistics for the period 2022-2032. To understand the global market potential, its growth, and scope, the market is segmented based on grade (pharma & food and technical), application (pharmaceuticals, cosmetics & personal care, feed additive, rubber production, fertilizers, oil & gas, chemicals, and others) & region ( North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa).
Zinc Carbonate Market by Category
By Grade:
- Pharma & Food
- Technical
By Application:
- Pharmaceuticals
- Cosmetics & Personal Care
- Feed Additive
- Rubber Production
- Fertilizers
- Oil & Gas
- Chemicals
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product innovation & Diversification
4.3. Marketing and Brand management
4.4. Supply Chain Management
5. Global Zinc Carbonate Market Demand Analysis 2017-2021 and Forecast, 2022-2032
5.1. Historical Market Volume (Tons) Analysis, 2017-2021
5.2. Current and Future Market Volume (Tons) Projections, 2022-2032
5.3. Y-o-Y Growth Trend Analysis
6. Global Zinc Carbonate Market - Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Pricing Analysis by Regions
7. Global Zinc Carbonate Market Demand (in Value or Size in US$ Mn) Analysis 2017-2021 and Forecast, 2022-2032
7.1. Historical Market Value (US$ Mn) Analysis, 2017-2021
7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
Full Toc: https://www.futuremarketinsights.com/toc/rep-gb-14871
Explore FMI’s Extensive Coverage on Chemicals & Materials
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Agricultural Grade Zinc Chemical Market Share : The global agricultural grade zinc chemical market garnered US$ 716 Million in 2021, and is likely to exhibit a Y-o-Y increase of 9.1% to be valued at US$ 760 Million in 2022.
Propylene Carbonate Market Forecast : The global propylene market was valued at around US$ 239.6 Mn in 2021, registering Y-O-Y growth of 5.0% for the same year.
Paraffins Market Trends : The global paraffins market is estimated at 3.4%. While the value projection for the year 2022 is US$ 6.1 Billion, the market garnered revenue worth US$ 5.9 Billion in 2021.
Chlorinated Polyethylene Market Outlook: The chlorinated polyethylene market is predicted to witness an impressive CAGR of 7.2% over the forecasted period of 2022 to 2032.
Ammonium Carbonate Market Share: The global ammonium carbonate market is projected to reach US$ 688 Mn in 2022. As per the report, sales of ammonium carbonate will grow at a 5.2% CAGR over the assessment period, with the market size reaching US$ 1.1 Bn by 2032.
Magnesium Carbonate Market Growth: The global magnesium carbonate market was valued at around US$ 267.3 Mn in 2021, registering Y-O-Y growth of 4.4%. Magnesium carbonate sales are projected to increase at a CAGR of 4.7% by 2032.
Ethylene Carbonate Market Demand: The global ethylene carbonate market is slated to reach a valuation of around US$ 306.5 Mn in 2022. Sales of ethylene carbonate are forecast to increase at a CAGR of 6.2%, totaling US$ 559.6 Mn by 2032.
Pharmaceutical Solvents Market Analysis: The global pharmaceutical solvents market is poised to expand at over 4.40% CAGR, surpassing US$ 3.74 Bn by 2022. The overall demand in pharmaceutical solvents market is anticipated to reach US$ 5.29 Bn by the end of 2030.
Cold Plates Market Size: Future Market Insights (FMI) has estimated the market of cold plates to witness a year over year growth of 4.8% in 2022 reaching a value of about US$ 374.5 Mn by the end of 2022. The global business is projected to witness a growth rate of 5.3% over the forecast period of 2022 and 2030.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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