In 2022, the zinc carbonate market is anticipated to reach US$ 209.9 Million. By 2032, sales are anticipated to soar at a CAGR of 3.8% and reach US$ 305.5 Million.
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.
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
- Anron Chemicals Inc.
- Global Chemicals
- Shepherd Chemical
- Seido Chemical Industry
- Bruggemann Chemical
- Rubamin
- Yanggu Zhongtian Zinc Industrial
- Transpek-Silox
- Ava Chemicals
- Pan-Continental Chemical Co., Ltd
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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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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