Global zinc carbonate market forecast with a CAGR of 3.8 percent

Pune, India – The global Zinc Carbonate Market is projected to expand at a 3.8% CAGR during the forecast period between 2022 and 2032 finds Future Market Insights (FMI) in a recent market analysis. Zinc carbonate, abbreviated ZnCO3, is an inorganic compound. It is also known as smithsonite, calamine, or zinc spar. Zinc carbonate is a white crystalline solid or powder that is insoluble. It is used in various applications such as pharmaceuticals, cosmetics, and fertilizers. Depending upon its usage, it is available in different grades such as pharma & food and technical grade.

Zinc carbonate is extensively utilized by the pharmaceuticals & cosmetics industry across the globe owing to its anti-inflammatory properties. Majorly in cosmetics, it is used in lotions, creams, shampoos & other products. It is also used in feed additives to fight zinc deficiency.

One of the most profitable markets for zinc carbonate is the rubber industry. Zinc carbonate is a commonly used raw material in the production of rubber. It is used to increase the translucency or transparency of natural rubber. It could also be used as a flame retardant by acting as a fireproofing filler in high-temperature rubber. Rising demand for rubbers from various end-use industries is expected to boost zinc carbonate market during the forecast period.

As per FMI, the global zinc carbonate market is expected to be dominated by East Asia, with total sales reaching US$ 97.2 Mn by 2032.

“Zinc Carbonate sales are expected to be driven by its use in pharmaceuticals, drugs & medicines, and cosmetics across the globe, followed by rubber production and fertilizers.” says an FMI analyst.

Key players in the zinc carbonate market include Global Chemicals, Shepherd Chemical, Seido Chemical Industry, Bruggemann Chemical, Rubamin, Transpek-Silox, Yanggu Zhongtian Zinc Industrial, Ava Chemicals, Pan-Continental Chemical Co., Ltd, Strem Chemicals Inc., TIB Chemicals, Anron Chemicals Inc. and others.