Zinc Chloride Market-Forecast and In-depth Opportunity Assessment 2018-2028
The Persistence Market Research (PMR) report offers in-depth analysis and key insights on the zinc chloride market for the forecast period 2018 to 2028. The report also offers valuable insights based on the historical data of 2013, combined with the estimated data for 2018 in terms of value and volume. Objective of the zinc chloride market report is to provide details on the new developments and latest trends along with the driving factors in the market. The report also covers macro and micro economic factors along with the information on the growth opportunities for manufacturers. The report also highlight the factors and challenges in the zinc chloride market.
The report also offers information and data on the sales of the zinc chloride in the global market in terms of volume and value, during the forecast period. Moreover, the report by PMR also focuses on the region-wise analysis of the market including the current scenario of the zinc chloride market in key countries across various regions. The report also provides estimation of the overall revenue in the market along with the opportunity analysis based on the demand for zinc chloride. The study also sheds light on value-chain analysis including extensive research on the market and opportunities for players in the zinc chloride market.
The zinc chloride market report is segmented on the basis of application, grade type, end use and region. Based on the application, the zinc chloride market is segmented into water treatment, dry cell battery, catalyst, and others. On the basis of grade type, the market segments include battery grade, high purity grade, commercial grade, and technical grade.
On the basis of end use, the zinc chloride market is segmented into agriculture, electronics, pharmaceutical, chemical, and others. The zinc chloride market on the basis of region is segmented into North America, Eastern Europe, Western Europe, Latin America, China, Japan, India, SEA and Pacific, and MEA.
The report also offers competitive landscape in the zinc chloride market, including the dashboard view of the leading players operating in the market. The report also offers market share analysis based on the share of the key players in the zinc chloride market. The study offers a detailed profiles of the players in the market including product portfolio, new product launch, key developments, company profile, financial profile, and business strategies by leading players in the zinc chloride market.
The report on the zinc chloride market is based on an extensive research methodology including primary and secondary research. Interviews with industry experts and information on the market collected from valid data sources formed the part of primary and secondary research. The market value of the zinc chloride market is calculated using the data provided by market volume and average selling price.
Other important factors used to arrive at the market forecast included inputs from supply and demand side, size of the current market, and other essential factors shaping the scenario of the zinc chloride market. The forecast on the zinc chloride market is offered in the terms of volume, value, CAGR, year-on-year growth, and incremental opportunity in the zinc chloride market. The report also offers crystal clear insights and future opportunities in the zinc chloride market.
Zinc chloride manufacturers are adopting new ways to enhance the capacity of the product to meet demand in various industries. Manufacturers are also entering into strategic partnerships and collaborating with local players in various countries to extend the production capacity and reach increasing number of consumers and end use industries. Meanwhile, the leading companies are focusing on the global expansion by developing better products.
Surging Demand for Zinc Chloride Batteries Replacing Zinc Carbon Batteries
With technological advancements, the demand for highly active and advanced zinc chloride batteries is growing as the primary cell batteries. Zinc chloride batteries are advanced in the capacity as compared to zinc carbon batteries and used on a large scale in motorized devices including cars and toys. Motorized devices such as toys are shifting from zinc carbon battery to zinc chloride battery owing to its capability to offer continues service. Moreover, eliminating the use of cadmium and highly toxic mercury in zinc alloy, the demand in the zinc chloride battery is increasing in various industries, thus, creating demand in zinc chloride market.
Additionally, zinc chloride market is witnessing demand from battery manufacturers to be used in electric vehicles, load leveling, and other specialty applications due to its improvement on zinc carbon with 50% greater capacity, leak resistance, high output capacity, offering better low temperature performance, and longer shelf life.
Increasing Use of Zinc Chloride as Coagulant in Automotive Industry Driving Growth in Zinc Chloride Market
Zinc chloride batteries are being developed on a large scale for use in automotive industry, especially in electric cars. Recently, many tests were conducted by powering vehicles using zinc chloride in electric vehicle battery and results showed that new batteries offer high speed with better energy and longer shelf life. Moreover, the ability to power vehicles and other electronic appliances leading to zero emission is one of the key factors driving the growth in zinc chloride market and use in the automotive industry.
Currently, lithium-ion battery is finding wide application in the automotive industry, however, in the coming years, the demand in zinc chloride market for use in batteries is likely to grow owing to its low cost and offering weight reduction with more scape in vehicles. Manufacturers in the zinc chloride market are also focusing on zinc chloride battery production as it is inexpensive to produce. Low energy consumption, and easy to replace.
High Toxicity Nature of Zinc Chloride Leading to Serious Health Issues
Owing to the high toxicity, zinc chloride can result in skin irritation and burning eyes after contact. Moreover, zinc chloride can affect gastrointestinal tract and can lead to hematemesis. The zinc chloride is extremely detrimental to lungs and can lead to lung edema. In last few years, there have been various cases where modest exposure to zinc chloride resulted in pulmonary damage. Immediate symptoms leading to irritation of skin, eyes, and respiratory tract is likely to hamper the growth in zinc chloride market.
The zinc chloride smoke screens are used widely for civilian and military screening purpose. The use of this smoke in confined spaces for screening purpose has been widely abandoned owing to various lethal incidents. However, use of the zinc chloride in open air is considered safe with specific limitations.
Textile Industry Emerging as the Major Consumer of Zinc Chloride
In textile industry, zinc chloride is widely used in the resin system to impart durable press to the synthetic and cotton fabrics. Zinc chloride market is witnessing huge demand as fabric refresheners in order to remove unwanted odor in fabrics. In textile industry, around 64% of zinc chloride is dissolved in water and is used to dissolve silk, starch, and cellulose.
Zinc chloride market is witnessing increasing demand for zinc chloride as coagulant for textile dyes and has a capacity to solve dye sludge generation problem. Researchers have developed efficient hybrid technology by combining zinc chloride coagulation and solid state fermentation. The coagulation using zinc chloride have also shown around 99% color removal.
Zinc Chloride Market-Regional Overview
In Asia Pacific, China is likely to emerge as the profitable market for manufacturers in the zinc chloride market owing to the presence of large production base for various manufacturers in zinc chloride market and increasing export to various countries. Technological advancements in the automotive industry moving towards using zinc chloride as coagulant is creating prime opportunities for manufacturers in zinc chloride market to enhance sales via new product development.