Europe Zinc Chemicals by Kilo Tons Volume Market

The Europe zinc chemicals market was valued at USD 1,718.44 million in 2019 and is projected to reach USD 2,211.82 million by the end of 2030, at a moderate CAGR of 4.26% during the forecast period. In terms of volume, the market was pegged at 797.07 kilo tons in 2019, and the demand is projected to reach 954.29 kilo tons by the end of 2030.

The rubber industry is one of the largest consumers of the zinc chemicals, wherein zinc oxide (ZnO) is largely used in the manufacturing of rubber products and tires. ZnO is widely used as an activator in rubber manufacturing and processing applications. It exhibits an excellent vulcanization rate and effectively cures rubber. The primary factor responsible for the significant use of ZnO in the rubber industry is its ability to enhance the important physical properties of rubber, such as thermal stability, impact and chemical resistance, and durability. ZnO particles increase the effectiveness of the sulfur vulcanizing system in rubber processing by over 60%. In addition, zinc carbonate is majorly used as a compound element in the production of transparent and translucent rubber articles. It helps to improve the transparency of the natural rubber material and acts as an activator for sulfur and thiuram vulcanization. The overall production of the tire in Europe has been increasing over the last decade with an increase in the production of motor vehicles in the region. According to the data provided by the European Tyre and Rubber Manufacturers Association, the tire production (by volume) has increased by over 4% between 2014 and 2019.

Zinc (Zn) is a micronutrient critical for proper growth and development in plants. It is involved in the production of chlorophyll, protein, and several enzymes involved in metabolic reactions for proper growth. Crops that are most prone to zinc deficiency are grain sorghum, soybeans, and corn. The high prevalence of zinc-deficient soils in major agricultural zones across the European countries severely limits agricultural productivity. Zinc fertilizers can, therefore, make a significant contribution toward higher crop yields in a sustainable and environmentally responsible manner. Moreover, zinc fertilizers can enhance grain zinc concentration and thus contribute to the daily zinc intake of the human population. This direct linkage between the distribution of zinc-deficient soils and the incidence of zinc deficiency in human populations can be addressed using zinc-containing fertilizers. With the increasing attention over the concern of zinc deficiency and nutritional problems, the demand for zinc fertilizers and hence for zinc chemicals (zinc oxide, zinc sulfate, and zinc carbonate) is expected to increase in the coming years.

However, the strict guidelines and regulations in the European Union pertaining to the use of zinc oxide in animal feed is anticipated to hamper the growth of the regional and the global zinc oxide market during the review period. Nevertheless, the strong demand for quality cosmetic products in the Americas and Asia-Pacific market is expected to provide lucrative opportunities to the personal care products manufacturers in Europe. The European cosmetics and personal care market, valued at USD 92.9 billion at a retail sales price in 2019, is the largest in the world. The global cosmetics market has witnessed significant growth in the past years, registering a year-on-year growth since 2014. Moreover, the skincare products market (a major consumer of zinc oxide) has registered almost double the growth of the overall cosmetics market, registering 9% growth in 2018 as compared to 5% growth of the global cosmetics market in the same year. With the increased spending by the individuals on the cosmetic products, the demand for zinc chemicals is expected to increase significantly in the coming years.