From 2015 to 2019, the global zinc sulphate market exhibited a modest CAGR of 4.9%, with agrochemicals played a major role in driving demand.
Moreover, rising production of agrochemicals over the same period strengthened the prices for zinc sulphate over the same tenure of assessment.
But in FY2020, the market stepped on the brakes, owing to demand contraction from the agrochemicals industry. Apart from the agrochemicals industry, shrinkage in demand was observed from the chemicals industry as well over Q2 and Q3 of the same year.
Despite COVID-19 being a major hurdle to zinc sulphate market growth, resurrection in demand and price normalization are set to be observed over the short-term forecast period.
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Key Segments Covered of Zinc Sulphate Market
- Zinc Sulphate Anhydrous
- Zinc Sulphate Hexahydrate
- Zinc Sulphate Heptahydrate
- Zinc Sulphate Monohydrate
- Synthetic Fibers
- Water Treatment
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
- Balaji Industries
- Changhsa Haolin Chemicals Co., Ltd
- China Bohigh
- Gupta Agricare
- Midsouth Chemicals
- Old Bridge Chemicals
- Rech Chemical Co Ltd.,
- Tianjin Topfert Agrochemicial Co
- Tianjin Xinxin Chemical Factory