PUBLISHER: Acute Market Reports | PRODUCT CODE: 1293843
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1293843
Zinc Chloride Market is Expected to Grow at 4.5% by 2031. Zinc chloride is a deliquescent salt, white in color which forms acidic solutions in polar organic solvents such as acetone, ether, ethanol, and with water. It is also known to be hygroscopic and therefore needs to be protected from water vapor or any other sources of moisture. Neutral solutions of zinc chloride can be prepared with zinc chloride and acetone. Zinc chloride is known as Lewis acid and hence is electrophilic in nature. Its catalytic activity is lower as compared to aluminum chloride in Friedel-Crafts types of reactions. Zinc chloride is particularly effective in catalyzing reactions which eliminate mercaptans or ammonia and water.
Zinc chloride has a wide range of applications in various end-user industries. Some applications include Soldering, galvanizing, and tinning of fluxes. Heat decomposes moist fluxes based on zinc chloride which forms hydrochloric acid. This acid helps the removal of salts and oxides from metal surfaces which helps in good metal-to-metal bonding. Odor control is another application of zinc chloride due to which it is in high demand in the market. The reaction of zinc chloride with sulfide minimizes the release of H2S gas in wastewater treatment facilities, thus controlling odor. Vulcanization of rubber is the major application of zinc chloride among others. Zinc chloride is widely used in the rubber industry. Zinc chloride helps dissolve cellulosic fibers in the scrap and catalyzes depolymerization of the elastomer. Zinc chloride is used for many other applications such as organic synthesis, liquid fertilizer, textile finishing, wood preservatives, and dry cell batteries.
Growing demand for zinc chloride from the chemical industry is anticipated to boost the growth of the global zinc chloride market. Escalating demand from the textile industry is another factor contributing to the demand for zinc chloride in the market. Side effects of zinc chloride and the availability of safer alternatives is expected to hinder the growth of the global zinc chloride market. However, rising research and development activities for applications of zinc chloride are projected to fuel market growth during the forecast period.
American Elements, Apex Chemicals Corporation, Eurocontal SA, Flaurea Chemicals, Global Chemicals Co., Ltd, TIB Chemicals AG, Vijaychem Industries, Weifang Dongfangsheng Chemical Co., Ltd., and Zalcon LLC among others.
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Zinc Chloride market are as follows:
Micro and macro environment factors that are currently influencing the Zinc Chloride market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.