Zinc Acetate Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1514
Global Zinc Acetate Market size is likely to witness robust gains owing to its extensive use in a number of sectors such as pharmaceutical, health, chemical and industrial. Possessing a slight acetic odor, the product is a white crystalline salt with an astringent taste.
Prominent growth in the pharmaceutical and health sector is likely to drive the global zinc acetate market in near future. It is used in the pharmaceutical sector for treating common cold. Being an air borne disease, it is spread very frequently and easily. Center for Disease Control and Prevention (CDC) studies claim that adults around the globe, on an average, suffer from common cold over two to three times annually whereas children suffer even more frequently. The extensive use of the product in the pharmaceutical sector such as in ointments, topical lotion and antibiotics is likely to boost the market further. Due to increasing use of pharmaceutical products, the zinc acetate market is set to witness potential gains.
In the industrial sector, the product is used in several ways; one of which is for the production of ethyl acetate. Ethyl acetate is widely used in the decaffeinating of tea, coffee & cigarettes, nail polish removers and glues. Rising consumption of tea, coffee, and cigarettes due to hectic work schedules and changing lifestyles will boost the ethyl acetate demand, in turn driving the zinc acetate market in the coming years.
In the health sector, the product is used as a dietary supplement for the growth and development of body tissues. Also, it is used to cure zinc deficiencies which might lead to development problems, loss of appetite, eye and skin conditions and hair loss. These major uses drive the global zinc acetate market largely.
Over consumption or over dosage of zinc acetate may result in the feeling of nausea, severe vomiting, dehydration and restlessness. This may be considered as one of the restraints for the zinc acetate market growth.
On the basis of product, the zinc acetate market can be segmented into types such as powder, flakes and plates. Considering applications, the market can be bifurcated into pharmaceutical, dietary supplement, chemical synthesis and industrial uses which include wood preservation, dyes fixative, manufacturing of ethyl acetate and other zinc based salts. Apart from these major applications, it is also used as a breath freshener in chewing gums.
Zinc acetate market application ion pharmaceutical industry can be further segmented per its usage in ointments, topical lotions, and antibiotics. In ointments and topical lotions, it is generally used for anti-itching, whereas in antibiotics it is used in oral daily supplements for common cold as well as absorption of copper in the body which helps in the treatment of Wilson’s disease.
Based on the regions, Asia Pacific zinc acetate market is likely to grow at a substantial rate in the coming years. One of the primary reason for this is considerable growth in the pharmaceutical industry in the emerging economies such as India, China, and Indonesia due to health awareness and higher demand for dietary supplements in these countries. This in due course will generate huge zinc acetate market demand in these countries. Furthermore, in Europe and North America, the zinc acetate market is growing at a slow and steady pace due to market saturation in these regions. In Latin America and Middle East & Africa, the zinc acetate market is starting to grow at a decent rate due to the ongoing developments in these regions.
Potential players operating in the zinc acetate market include Vasa Pharmachem, GFS Chemicals, Niacet Corporation, Lianyungang Tongyuan Chemical Industry, TIB Chemicals AG, Krishna Chemicals, Alpha Chemika, Global calcium, Axiom Chemicals, Global Medicines Limited, Viachem, New Alliance Dye Chem Private Limited, Powder Pack Chem, Aldon Corporation, ProChem International, Noah Technologies Corporation, Boston BioProducts, Inc., Amsyn, and Mayschem to name a few.
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