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Global Zinc Sulphate Market To Reach US 3 5 Bn By 2033 Report

Zinc Sulphate Market Trends, Industry Size, Competitive Analysis and Forecast to 2027 – Business

The global zinc sulphate market size is anticipated to register a significant CAGR of over 5% over the forecast period 2021 to 2027. The increasing demand for agrochemicals across the globe is a primary factor to drive market growth. Furthermore, the increasing demand for animal feed supplement is another factor to drive the market. Moreover, the rising demand for pharmaceuticals is expected to propel the market over the forecast period. On the basis of type, the market is further classified into zinc sulphate anhydrous, zinc sulphate hexahydrate, zinc sulphate heptahydrate, and zinc sulphate monohydrate. The zinc sulphate monohydrate segment held the largest market share and accounted to grow at the same trend over the forecast period. The segment growth is attributed to the increasing demand for zinc sulphate monohydrate in agrochemicals and fertilizer around the world.

Zinc Sulphate Market Trends, Industry Size, Competitive Analysis and Forecast to 2027

Zinc Sulphate Market Trends, Industry Size, Competitive Analysis and Forecast to 2027
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Zinc Sulphate Manufacturers to Flourish across Emerging Markets: China and India to Maintain Lead in the Agrochemicals Segment, Fact MR

(1) NEW YORK, Feb. 8, 2021 /PRNewswire/ The global zinc sulphate market report published by award winning market research company Fact.MR forecasts a gradual recovery through 2021, as end-use industries recuperate from the pandemic-induced sluggishness in 2020. Growth prospects for the forthcoming decade appear positive, expected to expand at a CAGR of around 6% through 2031. Since the past half-a-decade, the zinc sulphate market has witnessed unprecedented gains, with revenue pools remaining largely concentrated across East Asia. Amongst all countries, China has emerged as the global zinc producing powerhouse, with production amounting to 1.9 million tons as of 2019. Consequently, several regional manufacturers have dominated the Chinese landscape, and are anticipated to continue doing so in the forthcoming decade.

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