According to a recent report by Reports and Data, the global  Zinc Sulphate market had a size of USD 1,739.6 million in 2021 and is projected to have a revenue compound annual growth rate (CAGR) of 7.3% during the forecast period. The increasing use of zinc for medicines, dietary supplements, and parenting nutrition, along with growing demand from the pharmaceutical industry, are the main drivers behind the market's revenue growth.

Zinc sulfate is a commonly used ingredient in cosmetics and personal care products due to its antimicrobial and antibacterial properties. It serves as a biocide in cosmetics, oral hygiene products, and astringents, and has numerous uses in cosmetic products, such as skin cleansing and deodorizing by limiting microbial growth.

Get a sample copy of the zinc sulfate market report: https://www.reportsanddata.com/download-free-sample/2753

The market's revenue growth is also driven by the increasing consumption of cosmetics among millennials, as well as the expanding use of zinc sulfate in a wide range of industrial and agrochemicals applications, including corrosion inhibitors in water treatment systems, herbicide treatment, flotation in the mining industry, and the production of pigments and adhesives, detergents, deodorants, and various cosmetics.

Based on regional analysis, the North American market has the largest share of sales in 2021. The region is a significant source of zinc consumption due to the widespread consumption of beef and breakfast cereals, which are often fortified with the mineral. Additionally, zinc sulfate is widely used in hospitals, and its use as an adjunct to hydroxychloroquine and azithromycin has shown promise in treating COVID-19.

Pyramid Pharma's Critical Care division launched Zinc Sulfate Injection as the first generic on the market in the United States in August 2022. 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.

Zinc Sulfate Market: Drive factors

The Zinc Sulphate market is influenced by various drive factors that impact its demand, production, and pricing. Some of the key drive factors in the zinc sulfate market include:

1. Agriculture and Fertilizer Industry: One of the primary drivers for zinc sulfate is its use in the agriculture sector as a zinc nutrient for plants. Zinc is an essential micronutrient for crop growth, and zinc sulfate is commonly used as a fertilizer additive to address zinc deficiencies in soils. Increasing global agricultural activities and the need for higher crop yields drive the demand for zinc sulfate in this sector.
2. Galvanization: Zinc sulfate is also used in the galvanization process to protect steel and iron structures from corrosion. The construction and infrastructure industries play a significant role in driving the demand for zinc sulfate, as they require zinc-coated steel for various applications.
3. Animal Feed Supplements: Zinc sulfate is used in animal feed as a nutritional supplement to meet the dietary zinc requirements of livestock. The growth of the livestock and poultry industries, driven by increasing meat consumption worldwide, contributes to the demand for zinc sulfate in this segment.
4. Chemical Industry: Zinc sulfate serves as a raw material in various chemical processes, including the production of other zinc compounds, pigments, and dyes. Growth in the chemical industry, particularly in developing regions, contributes to the demand for zinc sulfate.
5. Pharmaceutical and Health Supplements: Zinc sulfate is used in pharmaceuticals and dietary supplements due to its zinc content, which has various health benefits, including supporting immune function. Increasing health awareness and the demand for dietary supplements can drive the market for zinc sulfate in this sector.
6. Water Treatment: Zinc sulfate is used in water treatment processes to remove impurities, such as suspended solids and phosphates. The need for clean and safe drinking water in both urban and rural areas drives the use of zinc sulfate in water treatment applications.
7. Regional Factors: Economic growth, industrialization, and infrastructure development in different regions also influence the demand for zinc sulfate. Developing countries with expanding construction and agriculture sectors may experience higher demand for zinc sulfate.
8. Environmental Regulations: Stringent environmental regulations and a growing emphasis on sustainable agriculture and manufacturing practices can drive the adoption of zinc sulfate as it is considered a relatively eco-friendly option compared to some alternatives.
9. Research and Development: Ongoing research and development efforts to explore new applications and formulations for zinc sulfate may lead to increased demand in specialized industries.

It's important to note that the Zinc Sulphate market can be influenced by a combination of these factors and may also be subject to fluctuations in global supply and demand dynamics, as well as changes in pricing, regulations, and technological advancements.

Explore Trending Reports:

Blow Molding Machine Market-https://bhagyashrishewale.blogspot.com/2023/06/blow-molding-machine-market-trend.html

Printer Toner Market-https://bhagyashrishewale.blogspot.com/2023/06/printer-toner-market-research-by-type.html

Hydrogen Fluoride Market-https://bhagyashrishewale.blogspot.com/2023/06/hydrogen-fluoride-market-research-study.html

Neodymium Magnet Market -https://bhagyashrishewale.blogspot.com/2023/06/neodymium-magnet-market-growth.html

Request a customization of the report: https://www.reportsanddata.com/request-customization-form/2753

Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.

About Reports and Data    

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Blogs | Press Release | Industry News | Our competencies

Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports

Browse More Latest Reports @ https://www.reportsanddata.com/report

Browse Latest Blogs: https://www.reportsanddata.com/blogs

Browse Latest Press Release: https://www.reportsanddata.com/press-release