Zinc Chloride Market by Application and Geography - Forecast and Analysis 2022-2026

The zinc chloride market share is expected to increase by USD 177.7 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.61%.

This zinc chloride market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers zinc chloride market segmentation by application (dry cell batteries, water treatment, catalyst, and others) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The zinc chloride market report also offers information on several market vendors, including AUREA SA, American Elements, Benzer Multitech India Pvt. Ltd., Eurocontal SA, Global Chemical Co. Ltd., Haihang Industry, Haryana Chemical Industries, Merck KGaA, Pan Continental Chemical Co. Ltd., PT. INDO LYSAGHT, Shanxi Wencheng Chemical Co. Ltd., Tianjin Nanping Chemical Co. Ltd., TIB Chemicals AG, Vinipul Inorganics Pvt. Ltd., Vishnupriya Chemicals Pvt. Ltd., Weifang Hengfeng Zinc Industry, Zaclon LLC, and SA Lipmes among others.

What will the Zinc Chloride Market Size be During the Forecast Period?

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Zinc Chloride Market: Key Drivers, Trends, and Challenges

The increasing use of zinc chloride as a coagulant in the automotive industry is notably driving the zinc chloride market growth, although factors such as high toxicity nature of zinc chloride leading to serious health issues may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the zinc chloride industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Zinc Chloride Market Driver

One of the key factors driving the global zinc chloride market growth is the increasing use of zinc chloride as a coagulant in the automotive industry. Recently, many tests were conducted by powering vehicles using zinc chloride in electric vehicle batteries. Results showed that new batteries offer high speed with better energy and longer shelf life. In addition, the ability to power vehicles and other electronic appliances leading to zero emissions will further increase its demand in the global market. Moreover, lithium-ion battery is currently finding wide application in the electric vehicle automotive industry. Manufacturers in the zinc chloride market are focusing on zinc chloride battery production due to numerous benefits such as low production cost, low energy consumption, and ease-to-replace. Hence, such factors are expected to increase the demand for zinc chloride during the forecast period.

Key Zinc Chloride Market Trend

Another key factor driving the global zinc chloride market growth is the increasing usage in the textile processing industry to impart durable press to synthetic and cotton fabrics. In the textile industry, around 64% of zinc chloride is dissolved in water and is used to dissolve silk, starch, and cellulose. In addition, the global zinc chloride market is witnessing huge demand for fabric fresheners to remove unwanted odor in fabrics. By the end of 2019, the worldwide production volume of the chemical and textile industry was around 105.6 million metric tons. This has increased the demand for zinc chloride in the chemical and textile industry. Such factors are expected to positively impact the market growth in the forecast period.

Key Zinc Chloride Market Challenge

One of the key challenges to the global zinc chloride market growth is the high toxicity nature of zinc chloride leading to serious health issues. Zinc chloride is extremely detrimental to the lungs and can lead to lung edema. It can result in skin irritation and burning eyes after contact. Moreover, zinc chloride can affect the gastrointestinal tract and lead to hematemesis. Zinc chloride smoke screens are used widely for civilian and military screening purposes. The use of this smoke in confined spaces for screening purposes has been widely abandoned owing to various lethal incidents. Thus, immediate symptoms such as irritation of skin, eyes, and respiratory tract are projected to hamper the growth of the zinc chloride market during the forecast period.

This zinc chloride market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global zinc chloride market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the zinc chloride market during the forecast period.

Who are the Major Zinc Chloride Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• AUREA SA
• American Elements
• Benzer Multitech India Pvt. Ltd.
• Eurocontal SA
• Global Chemical Co. Ltd.
• Haihang Industry
• Haryana Chemical Industries
• Merck KGaA
• Pan Continental Chemical Co. Ltd.
• PT. INDO LYSAGHT
• Shanxi Wencheng Chemical Co. Ltd.
• Tianjin Nanping Chemical Co. Ltd.
• TIB Chemicals AG
• Vinipul Inorganics Pvt. Ltd.
• Vishnupriya Chemicals Pvt. Ltd.
• Weifang Hengfeng Zinc Industry
• Zaclon LLC
• SA Lipmes

 

This statistical study of the zinc chloride market encompasses successful business strategies deployed by the key vendors. The zinc chloride market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions to compete in the market.

Product Insights and News

• TIB Chemicals AG is a privately held company headquartered in Germany. It is a regional company generating USD 167.73 million in revenues and has around 437 employees. Its revenue from the global zinc chloride market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.
• The company is involved in offering zinc chloride available in various purity grades and specifications, free from heavy metal contamination such as nickel, lead, cadmium, copper, and thallium typically used in the chemical industry for the production of methylene chloride, glue, diazo dyes, Paper, cosmetics, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The zinc chloride market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Zinc Chloride Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the zinc chloride market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Zinc Chloride Market?

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43% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for zinc chloride in APAC. Market growth in this region will be faster than the growth of the market in North America and Europe.

The presence of a large number of chemical and other manufacturing plants in countries such as China will facilitate the zinc chloride market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in the region has hampered the growth of the regional zinc chloride market due to the disruption in the automotive and manufacturing industries caused by the imposition of the lockdown. Several countries, such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines, were either under a partial or full lockdown due to the pandemic. However, the lifting of lockdowns in several countries and large-scale vaccination drives resulted in increased economic activities in 2021. Other factors such as the funding provided by governments in APAC for the support of small and medium-sized enterprises (SMEs) are expected to further drive the growth of the regional market during the forecast period.

What are the Revenue-generating Application Segments in the Zinc Chloride Market?

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The zinc chloride market share growth by the dry cell batteries segment will be significant during the forecast period. The significant increase in the usage of electronic gadgets will create a favorable environment for the growth of the dry cell batteries market, which will support the growth of the market in focus in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the zinc chloride market size and actionable market insights on post COVID-19 impact on each segment.

 

Zinc Chloride Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.61%
Market growth 2022-2026	$ 177.7 million
Market structure	Fragmented
YoY growth (%)	4.25
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 43%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AUREA SA, American Elements, Benzer Multitech India Pvt. Ltd., Eurocontal SA, Global Chemical Co. Ltd., Haihang Industry, Haryana Chemical Industries, Merck KGaA, Pan Continental Chemical Co. Ltd., PT. INDO LYSAGHT, Shanxi Wencheng Chemical Co. Ltd., Tianjin Nanping Chemical Co. Ltd., TIB Chemicals AG, Vinipul Inorganics Pvt. Ltd., Vishnupriya Chemicals Pvt. Ltd., Weifang Hengfeng Zinc Industry, Zaclon LLC, and SA Lipmes
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Zinc Chloride Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive zinc chloride market growth during the next five years
• Precise estimation of the zinc chloride market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the zinc chloride industry across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of zinc chloride market vendors

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