Market Size of Zinc Chloride Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Zinc Chloride Market Analysis
The market for zinc chloride is expected to register a CAGR of 3% during the forecast period. A major factor that will drive the growth of the zinc chloride market during the forecast period is the growth of the textile industry, which is expected to lead to an increase in the demand for zinc chloride. Additionally, zinc chloride is used in the chemical industry for manufacture of dyes, intermediate chemicals, and solvents, like ethyl acetate. On the flipside, the high toxicity of zinc chloride causes serious health hazards, thereby, hampering the growth of the market studied.
- The textile industry is expected to have a high demand for zinc chloride, during the forecast period.
- The Asia-Pacific region is expected to be the largest and the fastest-growing market, owing to the increasing demand from various end-user industries.
Zinc Chloride Industry Segmentation
The market report includes:
| Application | |
| Water Treatment | |
| Catalyst | |
| Other Applications |
| End-user Industry | |
| Chemicals | |
| Oil and Gas | |
| Textile | |
| Metallurgy | |
| Other End-user Industries |
| Geography | |||||||
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Zinc Chloride Market Size Summary
The zinc chloride market is poised for steady growth, driven primarily by the expanding textile industry, which is anticipated to significantly boost demand for this chemical compound. Zinc chloride's application in the textile sector includes its use as a proofing agent and fabric refresher, as well as its role in the preservation processes within the dyeing industry. Additionally, the chemical industry utilizes zinc chloride in the production of dyes, intermediate chemicals, and solvents such as ethyl acetate. However, the market's growth is somewhat constrained by the high toxicity associated with zinc chloride, posing health risks that could deter its use in certain applications.
Regionally, the Asia-Pacific area is expected to lead the zinc chloride market, both in terms of size and growth rate, due to the robust demand from various end-user industries. Countries like China and India, which hold significant shares in the global textile market, are central to this growth. China's dominance in zinc production and India's expanding textile industry, supported by government initiatives, are key factors contributing to the region's market expansion. Despite the fragmented nature of the market, with no single player holding a major share, companies such as American Elements, TIB Chemicals AG, and Zaclon LLC are notable participants driving the market forward.
Zinc Chloride Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand from the Textile Industry
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1.1.2 Increasing Synthesis of Chemicals
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1.2 Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Water Treatment
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2.1.2 Catalyst
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2.1.3 Other Applications
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2.2 End-user Industry
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2.2.1 Chemicals
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2.2.2 Oil and Gas
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2.2.3 Textile
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2.2.4 Metallurgy
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2.2.5 Other End-user Industries
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle East & Africa
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Zinc Chloride Market Size FAQs
What is the current Zinc Chloride Market size?
The Zinc Chloride Market is projected to register a CAGR of 3% during the forecast period (2024-2029)
Who are the key players in Zinc Chloride Market?
American Elements , TIB Chemicals AG , Vijaychem Industries , Flaurea Chemicals and Zaclon LLC are the major companies operating in the Zinc Chloride Market.
