Industrial Zinc Hydroxide Market Size, Share, Growth, and Industry Analysis, By Type (Direct Process, Indirect Process, Wet Chemical Process), By Application (Rubber/Tires, Ceramic/Glass, Chemical/Pharmaceutical, Agriculture, Others), Regional Forecast From 2024 To 2031

Updated On: 15 April 2024

Industrial Zinc Hydroxide Market Report Overview

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The global industrial zinc hydroxide market size expanded rapidly in 2022. As per our research, the market is expected to generate substantial revenue by 2031, a robust CAGR during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the industrial zinc hydroxide market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Industrial Zinc Hydroxide is an inorganic compound with the chemical formula Zn(OH)2. It is a white solid with low solubility in water and has a crystalline structure. Zinc hydroxide is primarily used as a flame retardant in various industries, including plastics, coatings, textiles, and electronics. It is also used in the production of zinc oxide and other zinc-based chemicals. As a flame retardant, zinc hydroxide reacts with heat to release water vapor and zinc oxide, which forms a protective layer that prevents the spread of fire. It is an effective and environmentally friendly alternative to halogen-based flame retardants, which are toxic and harmful to the environment.

In addition to its flame retardant properties, zinc hydroxide also has antibacterial and antifungal properties, making it useful in the production of disinfectants and sanitizers. It is also used in the treatment of wastewater and in the production of pigments, catalysts, and lubricants. Overall, industrial zinc hydroxide is a versatile and important chemical compound that finds a wide range of applications across various industries.

COVID-19 Impact: Pandemic decreased the Market Demand

The COVID-19 pandemic has had a significant impact on the industrial zinc hydroxide market. Zinc hydroxide is primarily used as a flame retardant in various industries, including plastics, coatings, and textiles. The pandemic-induced disruptions in global supply chains, manufacturing operations, and consumer demand have affected the demand and supply dynamics of zinc hydroxide. The lockdowns and restrictions on movement and trade imposed by governments to contain the spread of the virus have resulted in a slowdown in manufacturing activities, which has impacted the demand for zinc hydroxide. Additionally, the closure of non-essential businesses, such as automotive and construction, has reduced the demand for flame retardants in these industries, leading to a decline in the demand for zinc hydroxide.

Latest Trends

"Growing Demand from the Construction Industry to Fuel Market Growth."

Zinc hydroxide is used as a flame retardant in various building materials such as insulation, roofing, and wallboard. With the increasing demand for sustainable and fire-resistant construction materials, the use of zinc hydroxide in the construction industry is expected to grow in the coming years. Zinc hydroxide is a key raw material in the production of other zinc-based chemicals such as zinc oxide and zinc stearate. With the growing demand for these chemicals in various industries such as rubber, ceramics, and paints, the demand for zinc hydroxide is expected to increase.

The flame retardant properties, zinc hydroxide also has antibacterial and antifungal properties, making it useful in the production of disinfectants and sanitizers. It is also used in the treatment of wastewater and in the production of pigments, catalysts, and lubricants. Overall, industrial zinc hydroxide is a versatile and important chemical compound that finds a wide range of applications across various industries.

Industrial Zinc Hydroxide Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into, direct process, indirect process, wet chemical process.

• By Application Analysis

Based on application, the market can be divided into, rubber/tires, ceramic/glass, chemical/pharmaceutical, agriculture, others.

Driving Factors

"Shift towards Environmentally Friendly Flame Retardants to stimulate market demand"

The use of halogen-based flame retardants is being phased out due to their negative impact on the environment. Zinc hydroxide, being a non-toxic and environmentally friendly alternative, is gaining popularity as a flame retardant in various industries. Zinc hydroxide has antibacterial and antifungal properties, which make it useful in the production of disinfectants and medical devices. With the growing concern over the spread of infections, the demand for zinc hydroxide in the medical industry is expected to increase. These factors are driving the Industrial Zinc Hydroxide market growth rapidly.

Restraining Factors

"Volatility in Zinc Prices to restrict the market growth"

Zinc is the primary raw material used in the production of zinc hydroxide. Fluctuations in zinc prices can significantly impact the cost of manufacturing zinc hydroxide. Price volatility in the zinc market can create uncertainties and affect the profitability of producers, potentially limiting the growth of the industrial zinc hydroxide market. Apart from zinc, other raw materials are required in the production of zinc hydroxide. The availability and cost of these raw materials, such as hydroxide compounds and chemicals used in the manufacturing process, can impact the production and supply of zinc hydroxide. Supply chain disruptions or fluctuations in raw material prices can pose challenges for manufacturers and affect market growth.

Industrial Zinc Hydroxide Market Regional Insights

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"Demand from Various Industries in North America has boosted Industrial Zinc Hydroxide Market share"

North America is a major consumer of industrial zinc hydroxide, driven by the demand from industries such as plastics, coatings, textiles, and electronics. The region's robust manufacturing sector and the presence of key end-user industries contribute to the demand for zinc hydroxide in the market. North America has stringent safety and fire safety regulations, which drive the demand for flame retardant materials like zinc hydroxide. The construction industry, in particular, is a significant consumer of zinc hydroxide for its fire-resistant properties in building materials. These factors are increasing Industrial Zinc Hydroxide market share in the region.

Key Industry Players

"Adoption of Innovative Strategies by Key Players Influencing Market Development"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• US Zinc
• Zochem
• Umicore
• Zinc Nacional
• Zinc Oxide LLC
• Silox
• GH Chemicals
• Rubamin
• Grillo
• Mario Pilato
• Brueggemann
• A-Esse

Report Coverage

This report examines an understanding of the Industrial Zinc Hydroxide market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.