Future Market Insight’s (FMI’s) recent survey provides insights into hidden growth prospects favoring the growth in the zinc chloride market. It studies the market across various segment based on grade, application, and end use and also forecast the scope of these segments over the coming years. The report highlight the micro and macro-economic indicators favoring the current market outlook.
Future Market Insights (FMI), Dubai: As per a detailed study by FMI, the global zinc chloride market is estimated to reach US$ 321.2 Mn in 2022. Increasing application across diverse end-use sectors such as agriculture, pharmaceutical, electronics, and textile is propelling the demand for zinc chloride. On account of this, the market is expected to exceed US$ 426.4 Mn by the end of 2028.
Demand for zinc chloride is rapidly growing across the chemical industry owing to its attractive chemical properties and cost advantage. It is increasingly being used for applications such as soldering, galvanizing, tinning fluxes, odor control, chemical synthesis, and others.
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Zinc chloride is granular solid and deliquescent salt that functions as an electrolyte offering excellent electrical conductivity and high corrosion resistance. Attributed to these properties, it is finding a wide range of applications for manufacturing batteries such as primary dry cell batteries.
Hence, increasing demand for batteries from consumer electronics, automotive, and industrial power backup is projected to create lucrative growth opportunities in the market. Driven by this, the sales of zinc chloride are estimated to rise at 4.8% CAGR style=”font-weight: 400;”> during the forecast period 2022-2028.
On the basis of grade, high purity grade zinc chloride is anticipated to remain the most preferred grade type in the market, accounting for sales of total US$ 34.8 Mn between 2022 and 2028. Increasing demand for the pharmaceutical industry for the formulation of medication to treat zinc deficiencies and others deficiency syndromes is favoring the growth in the segment. “Increasing demand for highly water-soluble crystalline salts for the purification of contaminants in textile processing and water treatment infrastructure is augmenting the growth in the market,” says a FMI analyst. Key Takeaways from Zinc Chloride Market Study Key Drivers View TOC and Report Preview https://www.futuremarketinsights.com/reports/zinc-chloride-market Key Restraints Competitive Landscape Leading players are focusing on adopting strategies such as new production facility development, collaboration, merger, and acquisition to increase their production capacity to meet the surging demand for zinc chloride. Some of the players are emphasizing on promoting green zinc salt to gain competitive edge. For instance, Some of the key players operating in the market profiled by FMI are: For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-6541 More Valuable Insights on Zinc Chloride Market The latest report by FMI provides a detailed analysis of the global zinc chloride market, providing credible insights into key factor driving the market through 2022 and beyond. The study also disclosed growth projections on in zinc chloride market with detailed segmentation: By Grade: By Application: By End Use: By Region: We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-6541 Key Questions Covered in the Report Phosphate Conversion Coatings Market: Improved PCC Properties to Lure Automotive Manufacturers towards Global Market for Phosphate Conversion Coatings Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers. Contact: Future Market Insights, 1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A, Jumeirah Lakes Towers, Dubai, United Arab Emirates For Sales Enquiries: [email protected] For Media Enquiries: [email protected] Website: https://www.futuremarketinsights.com/ Report: https://www.futuremarketinsights.com/reports/zinc-chloride-market Press Release Source: https://www.futuremarketinsights.com/press-release/zinc-chloride-market
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