The global zinc carbonate market is expected to reach USD 209.9 Million in 2022. Sales are projected to surge at a CAGR of 3.8%, to reach USD 305.5 Million by 2032. Growing demand for zinc carbonate due to its usage in different applications such as pharmaceutical drugs and medicines, cosmetics and personal care products, raw material in rubber production, fertilizers, feed additives and synthesis of other chemicals such as zinc oxide is expected to drive the market.
| Attribute | Details |
|---|---|
| Zinc Carbonate Market Base Year Value (2021A) | USD 203.5 Million |
| Estimated Year Valuation (2022E) | USD 209.9 Million |
| Projected Year Market Size (2032F) | USD 305.5 Million |
| Value-based CAGR (2022 to 2032) | 3.8% |
| Collective Value Share: Top 3 Countries (2022E) | 46.5% |
The zinc carbonate market is projected to register year-on-year growth of 3.1% in 2022. According to Future Market Insights, total sales of zinc carbonate are expected to hold around 10-12% of the overall zinc chemicals market, which 7% share in the global zinc market.
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The demand for zinc carbonate grew at a 1.1% CAGR between 2017 and 2021. The market is expected to expand during the forecast period due to its widespread use in a variety of applications.
As per the report, sales are projected to increase at a CAGR of 3.8% over the assessment period. ZnCO3, or zinc carbonate, is an inorganic compound. It is also known as smithsonite, calamine, and zinc spar. Zinc carbonate is a water-insoluble white crystalline solid or powder. It is available in various grades depending on its application, such as pharma & food and technical grade.
Surging Adoption of Zinc Carbonate Powder in India Will Propel Growth
Zinc carbonate is consumed in the production of fertilizers, further, these fertilizers are used to increase crop yields and fulfill the deficiency of zinc in plants & crops. In India, the agriculture industry is one of the leading & dominating end-use industries and supports the overall Indian economy. Growing demand for food with the rising population is one of the major factors, which is propelling the demand for fertilizers in order to increase the production yield.
Zinc fertilizer is a cost-effective, long-term solution to zinc deficiency in soils, crops, and humans, resulting in increased food and nutrition security, increased farmer income, and a significant reduction in death and disease caused by zinc deficiency.
Hence, owing to the increased demand for fertilizers to enhance the yields, sales of zinc carbonate in India are forecast to increase at a CAGR of 4.7% during the assessment period.
Expansion of the Rubber Sector in China Will Fuel Sales of Zinc Carbonate
East Asia is expected to maintain its dominance over the forecast period owing to the high demand from the end use industries. China is anticipated to lead the region in terms of production as well as consumption.
China is said to be a manufacturing hub. One of the major industries utilizing zinc carbonate is the rubber industry. These rubbers are heavily used in auto parts, gloves, shoes, sporting goods, and car tires. The rubber industry is one of the lucrative segments for zinc carbonate. It is added to improve natural rubber's translucency or transparency.
Zinc carbonate can be used with more vibrantly pigmented rubber because it acts as a curing agent, hastening the hardening of the surface of the rubber. It is also used as a flame-retardants material by intervening as a fireproofing filler in high-temperature rubbers.
The growth in industrial machinery and automobile sectors has resulted in high demand for rubbers. The China zinc carbonate market is expected to reach about USD 76.5 Million by end of the forecast period.
Demand for Zinc Carbonate Powder in the Pharmaceutical Sector Will Gain Traction
Zinc is one of the essential elements of the body and plays a vital role in the development of body parts. It has many uses in the medical field. Zinc carbonate is utilized to treat acne and eczema and to promote wound healing.
It has anti-inflammatory properties due to which it can be used to treat rheumatoid arthritis or psoriasis. Usually, due to its anti-inflammatory property, it is used in calamine lotions or powders, which are applied to the inflamed skin area.
Calamine lotion, which is composed of calamine (zinc oxide/carbonate), is widely used in dermatology where it works as a soothing agent. This lotion has antipruritic properties, which prevents itching. This lotion is listed in WHO’s essential list of medicines.
Zinc carbonate is used to remove toxic gases such as SO2 and HCN from the respiratory systems. For this purpose, nano-sized particles or powder form is used as powder form has more surface area, which means more interaction with these gases. Zinc carbonate is also used in dental treatment. It helps in reducing the hypersensitivity of teeth. Sales in the pharmaceuticals segment are expected to rise at a CAGR of 4.7% during the forecast period.
Incorporation of Zinc Carbonate in Personal Care Products Will Boost Sales
Growing cosmetics & personal care industry is expected to favor the growth in the zinc carbonate market, as it is one of the most used ingredients in cosmetics & personal care products. Due to its antiseptic and fungicide properties, the cosmetic industry is one of the most promising markets for the use of zinc carbonate.
It is found in a variety of products such as make-up, bath, personal hygiene, shaving, and skin and hair care. It is widely used in sunscreen creams as it improves transparency. On the other hand, it can be used in shampoo as an opacifier to give the liquid a cloudy appearance.
Usage of zinc carbonate in shampoo helps in removing dandruff flakes by the moisturizing scalp. According to a study, skincare & hair care products collectively hold around 60% of the total cosmetics market. The consumption of zinc carbonate is expected to surge in the forthcoming years. The cosmetics & personal care segment is expected to reach about USD 68.0 Million during the forecast period.
Key zinc carbonate manufacturers are concentrating their efforts on research and development to create tailored solutions for consumers. This strategy will enable manufacturers to reach a larger consumer base and capitalize on opportunities. Leading players are investing a significant portion of their revenues in product development in order to gain a competitive advantage in the market in the long run.
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| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value and Tons for Volume |
| Key Countries Covered | The USA, Canada, Brazil, Mexico, Germany, Italy, France, the UK, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, ANZ, GCC Countries, Turkey, South Africa, Northern Africa |
| Key Segments Covered | Grade, Application, and Region |
| Key Companies Profiled | 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; Strem Chemicals Inc.; S.K. CHEMICAL INDUSTRIES; ABCR GmbH & CO. KG; TIB Chemicals; KANSAI CATALYST Co., Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global zinc carbonate market is anticipated to reach a valuation of USD 209.9 Million in 2022.
The global zinc carbonate market is anticipated to witness a growth at a 3.8% over the forecast period of 2022 and 2032.
The global zinc carbonate market witnessed growth at a 1.1% CAGR between 2017 and 2021.
Key market participants of the zinc carbonate market elaborated in the report 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.
Key players in the global zinc carbonate market are expected to hold around 55-60% of the global market.
The top countries driving the global zinc carbonate demand are China, the USA, and India.
| Estimated Market Size (2024E) | USD 275.8 million |
|---|---|
| Projected Market Value (2034F) | USD 488.3 million |
| Value-based CAGR (2024 to 2034) | 5.9% |
| Market Value (2023) | USD 2.1 billion |
|---|---|
| Market Forecast Value (2033) | USD 3.2 billion |
| Market CAGR (2023 to 2033) | 4.6% |
| Estimated Year Value (2022E) | USD 267.5 Million |
|---|---|
| Projected Year Value (2032F) | USD 459.6 Million |
| Value CAGR (2022 to 2032) | 5.6% |
| Market Value (2022E) | USD 701.2 Million |
|---|---|
| Projected Market Size (2032F) | USD 1,118.2 Million |
| Value CAGR (2022 to 2032) | 4.8% |
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