Zinc Chloride Market: 43% of Growth Will Come from APAC | By application and regional perspectives

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Zinc Chloride Market: 43% of Growth Will Come from APAC | By application and regional perspectives

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NEW YORK, March 16, 2022 / PRNewswire / – The Zinc Chloride Market the value is destined to grow 177.7 million dollarswith a CAGR of 4.61% from 2021 to 2026, according to the latest Technavio report.

Technavio announced its latest market research report titled Zinc Chloride Market by Application and Geography - Forecast and Analysis 2022-2026

Technavio announced its latest market research report titled Zinc Chloride Market by Application and Geography – Forecast and Analysis 2022-2026

The growing use of zinc chloride as a coagulant in the automotive industry is driving market growth in particular, although factors such as the high toxicity of zinc chloride leading to serious health problems may hinder market growth.

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Increasing use in the automotive industry to stimulate market growth

One of the key factors driving the growth of the global zinc chloride market is the growing use of zinc chloride as a coagulant in the automotive industry. Recently, many tests have been conducted from motor vehicles using zinc chloride in electric vehicle batteries. The results showed that the new batteries offer high speed with better energy and longer life. Furthermore, the ability to power vehicles and other electronic appliances that lead to zero emissions will further increase its demand in the global market. In addition, the lithium-ion battery is currently finding wide application in the automotive electric vehicle industry. Manufacturers of the zinc chloride market are focusing on the production of zinc chloride batteries due to numerous advantages such as low production cost, low power consumption and ease of replacement. Therefore, these factors are expected to increase the demand for zinc chloride during the forecast period.

The highly toxic nature of zinc chloride can challenge the market

One of the key challenges for the growth of the global zinc chloride market is the high toxicity of zinc chloride which leads to serious health problems. Zinc chloride is extremely harmful to the lungs and can cause lung edema. May cause skin irritation and burning eyes after contact. Additionally, zinc chloride can affect the gastrointestinal tract and lead to hematemesis. Zinc Chloride Smoke Screens are widely used for civilian and military screening purposes. The use of this smoke in confined spaces for screening purposes has been largely abandoned due to various fatalities. Therefore, immediate symptoms such as skin, eye and respiratory tract irritation are expected to hinder the growth of the zinc chloride market during the forecast period.

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Analysis and segmentation of forecasts

The market is segmented by application (dry batteries, water treatment, catalyst and others). The growth in the market share of zinc chloride by the dry cell segment will be significant during the forecast period. The significant increase in the use of electronic gadgets will create an environment conducive to the growth of the dry battery market, which will support the growth of the market in focus in the coming years.

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The zinc chloride market covers the following areas:

Sizing of the zinc chloride market
Market forecasts for zinc chloride
Market analysis of zinc chloride

Companies mentioned

  • AUREA SA

  • American elements

  • Benzer Multitech India Pvt. Ltd.

  • Euroconta SA

  • Global Chemical Co. Ltd.

  • Haihang industry

  • Haryana Chemical Industries

  • Merck KGaA

  • Pan Continental Chemical Co. Ltd.

  • PT. INDO LYSAGHT

  • Shanxi Wencheng Chemical Co. Ltd.

  • Tianjin Nanping Chemical Co. Ltd.

  • TIB Chemicals AG

  • Vinipul Inorganics Pvt. Ltd.

  • Vishnupriya Chemicals Pvt. Ltd.

  • Weifang Hengfeng zinc industry

  • Zaclon LLC

  • SA Lipmes

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Market scope of zinc chloride

Report coverage

Details

Page number

120

Reference year

2021

Forecast period

2022-2026

Moment of growth and CAGR

Accelerate to 4.61% CAGR

Market growth 2022-2026

$ 177.7 million

Market structure

fragmented

Year-on-year growth (%)

4.25

Regional analysis

APAC, Europe, North America, South America, Middle East and Africa

Contribution of the performing market

APAC at 43%

Key consumer countries

United States, China, Japan, Germany and the United Kingdom

competitive landscape

Leading companies, competitive strategies, consumer involvement area

Profiled companies

AUREA SA, American Elements, Benzer Multitech India Pvt. Ltd., Eurocontal SA, Global Chemical Co. Ltd., Haihang Industry, Haryana Chemical Industries, Merck KGaA, Pan Continental Chemical Co. Ltd., PT. INDO LYSAGHT, Shanxi Wencheng Chemical Co. Ltd., Tianjin Nanping Chemical Co. Ltd., TIB Chemicals AG, Vinipul Inorganics Pvt. Ltd., Vishnupriya Chemicals Pvt. Ltd., Weifang Hengfeng Zinc Industry, Zaclon LLC and SA Lipmes

Market dynamics

Analysis of the main market, drivers and obstacles to market growth, analysis of fast and slow growth segments, impact of COVID-19 and future consumer dynamics, analysis of market conditions for the forecast period,

Personalization preview

If our report didn’t include the data you’re looking for, you can contact our analysts and get custom segments.

Key topics covered:

1 Executive summary

2 Market panorama

3 Sizing of the market

4 Analysis of the five forces

5 Market segmentation by application

6 Customer landscape

7 Geographic landscape

8 Drivers, challenges and trends

9 Vendor landscape

10 Supplier Analysis

11 Appendix

Who we are
Technavio is a world-leading technological research and consultancy company. Their research and analysis focuses on emerging market trends and provides useful information to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of over 17,000 reports and counts, covering 800 technologies, in 50 countries. Their customer base is made up of businesses of all sizes, including more than 100 Fortune 500 companies. This growing customer base is based on Technavio’s comprehensive coverage, in-depth research and actionable market insights to identify opportunities in the existing and potential markets and assess their competitive positions within evolving market scenarios.

Contact
Technavio Research
Jesse Maida
Media and marketing executive
USA: +1 844 364 1100
United Kingdom: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

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