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Zinc Carbonate Market Growth Drivers, Component Analysis and Industry Forecast to 2024

Author : Ronak Bora | Published Date : 2019-04-11 

Global Market Insights, Inc. Add New 2018-2024 Zinc Carbonate Market Report to its research database presenting an informative study covering the market with detailed analysis. The Global Zinc Carbonate industry research report is a professional and in-depth study on the current state of the global Industry.

Zinc carbonate market is primarily boosted by the cosmetic industry. The cosmetic industry round the globe is growing at a significant rate and was valued at over USD 330 billion in 2016. Rising standard of living of people, increasing disposable income, purchasing power parity and the growing importance of grooming are some of the factors driving the cosmetic industry. These factors are in turn driving the global zinc carbonate industry largely. Considering the geographic standpoint, Asia Pacific is said to be the largest zinc carbonate market in terms of growth in the next few years. This is due to a high demand for cosmetics and rubber products in major countries such as India and China. This is as a result of changing lifestyles in these regions, rapid urbanization, rise in the disposable income of people and change in the standard of living. India is one of the largest producer in zinc carbonate industry with a production capacity of over 30,000 tons per annum.

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Global Zinc Carbonate Market Size will grow at a steady rate from 2017 to 2024 led by the cosmetic, chemical fertilizer and rubber industry. The product is well known as smithsonite or zinc spar and are basically the mineral ore of zinc. It is an odorless compound, insoluble in water and soluble in dilute acids.

Use of chemical fertilizers for land productivity is rising the zinc carbonate market demand worldwide. In the Asia Pacific region, use of chemical fertilizers is huge owing to its low cost and easy availability. Farmers in these regions prefer chemical fertilizers over other organic ones due to unawareness of organic benefits. This in turn is propelling the chemical fertilizers demand in this region. The product also finds its use in natural rubber as a transparency activator. These are some of the major factors driving the zinc carbonate industry demand.

Due to its slightly hazardous nature, eye or skin contact with the product causes irritation. Also, if consumed or inhaled it may lead to respiratory tract infection and irritation as well as indigestion. Apart from health hazards, the product also has environmental hazards as it may cause potential fire or explosion if zinc carbonate is exposed to source of ignition such as open flames. These can be treated as some of the zinc carbonate market restraints.

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Based on the application, the global zinc carbonate market is segmented into feed additive, cosmetics, personal care, lotions, chemical fertilizers, pottery, rubber related products and porcelains to mention some. In cosmetics, it is used in bath, make up, personal cleanliness, shaving, oral care and skin & hair care products. The product is also used along with other chemical processes in transparent rubber mixtures and as a curing agent in rubber compounds.

Prominent players operating in the global zinc carbonate market include Seido Chemical Industry, Vijaychem Industries, M-I Swaco a Schlumberger, Chengdu XiYa Chemical Technology, VWR International, LLC, Bruggemann Chemical, Rubamin, Global Chemical, Alfa Aesar, Yanggu Zhongtian Zinc Industrial, Spectrum China, Sigma-Aldrich, American Elements, Transpek-Silox, Ravi Chem Industries, Ava Chemicals and New Alliance Dye Chem to name some.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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