The global Zinc Sulfate Anhydrous Market size was USD 1,739.6 Million in 2021 and is expected to register a revenue CAGR of 7.3% over the forecast period, according to the latest report by Reports and Data.
Increasing use of zinc for medicines, dietary supplements and parenting nutrition, and increasing demand from pharmaceutical industry are the key factors driving the revenue growth of the market. Zinc sulfate is commonly used in cosmetics and personal care products due to its antimicrobial and antibacterial properties. It acts as a biocide in cosmetics, oral hygiene products, and astringents. It has many uses in cosmetic products such as cleansing the skin and deodorizing by limiting microbial growth, among others.
Top Companies Operating in the Global Zinc Sulfate Anhydrous Market:
Shanghai Danfan Network Science&Technology Co., Ltd., Alpha Chemicals Private Limited, Balaji Industries, Mid-South Chemical, Old Bridge Chemicals, Inc., Tianjin Xinxin Chemical Factory, Clean Agro, Oasis Fine Chem, Redox, and Merck KGaA.
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Some Key Highlights from the Report
· Based on regional analysis, the North American market accounts for the largest share of sales in 2021. The highest source of zinc per serving is found in oysters, but beef accounts for 20% of daily zinc consumption. America's source of zinc as it is widely consumed. The main source of zinc in the American diet is breakfast cereals, often fortified with the mineral. 12.1% to 18.4% of the daily zinc intake of children and adolescents in the United States is from fortified foods and supplements, contributing to market revenue growth in the region. Zinc sulfate is also widely used in hospitals. The rapid spread of the COVID-19 pandemic has resulted in high mortality rates as well as financial losses.
· To combat this unique infection, potential treatments and prevention methods for COVID-19 are urgently needed. Hospitals are starting to use zinc sulfate as an adjunct to hydroxychloroquine and azithromycin due to test-tube research showing it to be effective against coronavirus. Zinc sulfate increases the rate of patients being discharged home after treatment and reduces the need for mechanical ventilation, ICU admission, mortality, or hospice transfer for patients who have never been transferred to an ICU.
· On August 19, 2022, the Critical Care division of Piramal Pharma, a leading provider of complex hospital generics, launched Zinc Sulfate Injection as the first generic on the market in the United States. The U.S. Food and Drug Administration has licensed the drug under the Competing Generic Therapy (CGT) indication, an approval pathway designed to increase competition in the pharmaceutical market with a sole source of supply. When oral or enteral nutrition is not possible, insufficient or not recommended, zinc sulphate is a recommended trace element as a source of zinc for enteral nutrition. There are two strengths of this parenteral nutrition injection, 30mg/10mL (3mg/mL) and 25mg/5mL (5mg/mL).
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Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Zinc Sulfate Anhydrous Market Segmentation
Type Outlook (Revenue, USD Billion; 2019-2030)
- Zinc Sulfate Heptahydrous
- Zinc Sulfate Anhydrous
- Zinc Sulfate Hexahydrous
- Others
Form Outlook (Revenue, USD Billion; 2019-2030)
- Anhydrous Solid
- Liquid
- Powder
Application Outlook (Revenue, USD Billion; 2019-2030)
- Agrochemicals
- Synthetic Fibers
- Pharmaceuticals
- Others
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Agriculture
- Healthcare
- Chemical Processing
- Fiber & Textile Industry
- Others
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