According to a recent report by Reports and Data, the global zinc sulfate market had a size of USD 1,739.6 million in 2021 and is projected to have a revenue compound annual growth rate (CAGR) of 7.3% during the forecast period. The increasing use of zinc for medicines, dietary supplements, and parenting nutrition, along with growing demand from the pharmaceutical industry, are the main drivers behind the market's revenue growth.
Zinc sulfate is a commonly used ingredient in cosmetics and personal care products due to its antimicrobial and antibacterial properties. It serves as a biocide in cosmetics, oral hygiene products, and astringents, and has numerous uses in cosmetic products, such as skin cleansing and deodorizing by limiting microbial growth.
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The market's revenue growth is also driven by the increasing consumption of cosmetics among millennials, as well as the expanding use of zinc sulfate in a wide range of industrial and agrochemicals applications, including corrosion inhibitors in water treatment systems, herbicide treatment, flotation in the mining industry, and the production of pigments and adhesives, detergents, deodorants, and various cosmetics.
Based on regional analysis, the North American market has the largest share of sales in 2021. The region is a significant source of zinc consumption due to the widespread consumption of beef and breakfast cereals, which are often fortified with the mineral. Additionally, zinc sulfate is widely used in hospitals, and its use as an adjunct to hydroxychloroquine and azithromycin has shown promise in treating COVID-19.
Piramal Pharma's Critical Care division launched Zinc Sulfate Injection as the first generic on the market in the United States in August 2022. The U.S. Food and Drug Administration has licensed the drug under the Competing Generic Therapy (CGT) indication, an approval pathway designed to increase competition in the pharmaceutical market with a sole source of supply.
The market report profiles companies such as Shanghai Danfan Network ScienceTechnology Co., Ltd., Alpha Chemicals Private Limited, Balaji Industries, Mid-South Chemical, Old Bridge Chemicals, Inc., Tianjin Xinxin Chemical Factory, Clean Agro, Oasis Fine Chem, Redox, and Merck KGaA.
The global zinc sulfate industry has been segmented by Reports and Data into Type Outlook, Form Outlook, Application Outlook, End-Use Outlook, and Region. Type Outlook includes Zinc Sulfate Heptahydrous, Zinc Sulfate Anhydrous, Zinc Sulfate Hexahydrous, and Others. Form Outlook includes Anhydrous Solid, Liquid, and Powder. Application Outlook includes Agrochemicals, Synthetic Fibers, Pharmaceuticals, and Others. End-Use Outlook includes Agriculture, Healthcare, Chemical Processing, Fiber Textile Industry, and Others. Regional Outlook includes North America, Europe, Asia-Pacific, Latin America, and Middle East Africa.
Zinc Sulfate Market: Drive Factors
The growth of the global zinc sulfate market is primarily driven by the increasing use of zinc in medicines, dietary supplements, and parental nutrition. Additionally, the pharmaceutical industry's rising demand for zinc sulfate is also contributing to the market's revenue growth. Zinc sulfate's antimicrobial and antibacterial properties make it a common ingredient in cosmetics and personal care products. The market is also benefiting from the increasing consumption of cosmetics among millennials. Zinc sulfate is widely used in a variety of industrial and agrochemical applications, such as corrosion inhibitors in water treatment systems, herbicide treatment, flotation in the mining industry, production of pigments and adhesives, detergents, deodorants, and various cosmetics.
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