Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), By By Type (Zinc Oxide, Zinc Sulfate, Zinc Carbonate, Zinc Chloride, Other), By By End-user Industry (Agriculture, Chemicals and Petrochemicals, Ceramic, Pharmaceutical, Paints and Coatings, Rubber Processing, Other ) And Competitive Landscape
Product Code: ETC184286 | Publication Date: May 2021 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Latin America Zinc Chemicals Market |
Forecast period | 2025-2031 |
CAGR | 6.7% |
Growing Sector | Agriculture |
Latin America Zinc Chemicals Market report thoroughly covers the market by type, end-user industry and countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Latin America zinc chemicals market is expected to reach a size of USD 524.3 million by the year 2030, growing at a CAGR of 6.7% during the forecast period of 2024-2030. Zinc chemicals are essential for various industries such as agriculture, paints and coatings, rubber and plastic, and personal care products. The rising demand for these end-use industries is driving the growth of the zinc chemicals market in Latin America.
The Latin America zinc chemicals market is projected to grow significantly with the rising demand in a variety of sectors, including pharmaceuticals, electronics, construction, and agriculture, is the main driver of this expansion. Zinc chemicals' versatility in applications such as agricultural additives, rubber manufacture, and corrosion protection is driving this growth and setting up the market for strong development in the years to come.
According to 6Wresearch, Latin America Zinc Chemicals Market size is expected to grow at a significant CAGR of 6.7% during 2025-2031. The market for zinc compounds is expanding significantly in Latin America due to rising demand from a variety of industries. Galvanized steel is highly sought after in the construction and automotive industries due to its resistance to corrosion and longevity. The use of zinc compounds for protective coatings has increased as a result of this. Furthermore, zinc compounds are being used more often in the electrical and electronics industry as corrosion-resistant coatings to extend the life and improve the functionality of different components. By using zinc fertilizers to increase crop yields and soil quality, the agriculture sector is also significantly contributing to the growth of the market. The need for zinc compounds is predicted to increase as industrialization and technological development continue. New market prospects are anticipated as a result of innovations in zinc chemical applications, such as better formulations for increased performance and environmental sustainability. Furthermore, it is expected that the continued focus on infrastructure renovation and expansion throughout Latin America would maintain the need for zinc compounds, providing a promising future and plenty of chances for industry players.
Nyrstar NV, Umicore SA, Teck Resources Limited, GHC Ltd., Hindustan Zinc Ltd., and American Zinc Recycling LLC are some of the major companies in the Latin American zinc chemicals market. These well-known businesses in the field use their resources and experience to spur innovation and satisfy rising demand.
Latin American governments are aggressively pushing zinc compounds for application in a variety of sectors. For instance, Mexico's 2016 initiative to increase crop yields and soil quality with zinc fertilizers demonstrates a dedication to this goal. Other nations are putting similar laws into place to promote the use of zinc compounds in the building, automotive, and electronics industries. It is anticipated that these government actions will propel market expansion and establish a conducive atmosphere for industry growth.
The Latin America zinc chemicals market is poised for substantial growth in the coming years, driven by an increasing demand across various industries such as agriculture, pharmaceuticals, and construction. The growing awareness of the health benefits of zinc, especially in boosting immune function and skin health, is likely to elevate its use in dietary supplements and cosmetics. Additionally, with the rising emphasis on sustainable agricultural practices, zinc's role in enhancing soil health and crop yields is expected to fuel its demand in agronomy.
According to Dhaval, Research Manager, 6Wresearch, the agriculture industry is currently leading consumption, driven by the increasing use of zinc in fertilizers and soil amendments to enhance crop yields and overall soil health. This trend is supported by a growing awareness among farmers and agronomists of the vital role zinc plays in plant nutrition and agricultural productivity.
Brazil's substantial zinc reserves and advantageous political environment have made it a major producer and exporter of zinc worldwide. Zinc compounds are mostly consumed by the agriculture sector, which incorporates them into fertilizers to improve crop output and soil quality.
The Latin America Zinc Chemicals Market report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latin America Zinc Chemicals Market Overview |
3.1 Latin America Regional Macro Economic Indicators |
3.2 Latin America Zinc Chemicals Market Revenues & Volume, 2021 & 2031F |
3.3 Latin America Zinc Chemicals Market - Industry Life Cycle |
3.4 Latin America Zinc Chemicals Market - Porter's Five Forces |
3.5 Latin America Zinc Chemicals Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Latin America Zinc Chemicals Market Revenues & Volume Share, By By Type, 2021 & 2031F |
3.7 Latin America Zinc Chemicals Market Revenues & Volume Share, By By End-user Industry, 2021 & 2031F |
4 Latin America Zinc Chemicals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latin America Zinc Chemicals Market Trends |
6 Latin America Zinc Chemicals Market, 2021-2031 |
6.1 Latin America Zinc Chemicals Market, Revenues & Volume, By By Type, 2021-2031 |
6.2 Latin America Zinc Chemicals Market, Revenues & Volume, By By End-user Industry, 2021-2031 |
7 Brazil Zinc Chemicals Market, 2021-2031 |
7.1 Brazil Zinc Chemicals Market, Revenues & Volume, By By Type, 2021-2031 |
7.2 Brazil Zinc Chemicals Market, Revenues & Volume, By By End-user Industry, 2021-2031 |
8 Mexico Zinc Chemicals Market, 2021-2031 |
8.1 Mexico Zinc Chemicals Market, Revenues & Volume, By By Type, 2021-2031 |
8.2 Mexico Zinc Chemicals Market, Revenues & Volume, By By End-user Industry, 2021-2031 |
9 Argentina Zinc Chemicals Market, 2021-2031 |
9.1 Argentina Zinc Chemicals Market, Revenues & Volume, By By Type, 2021-2031 |
9.2 Argentina Zinc Chemicals Market, Revenues & Volume, By By End-user Industry, 2021-2031 |
10 Rest of Latin America Zinc Chemicals Market, 2021-2031 |
10.1 Rest of Latin America Zinc Chemicals Market, Revenues & Volume, By By Type, 2021-2031 |
10.2 Rest of Latin America Zinc Chemicals Market, Revenues & Volume, By By End-user Industry, 2021-2031 |
11 Latin America Zinc Chemicals Market Key Performance Indicators |
12 Latin America Zinc Chemicals Market - Opportunity Assessment |
12.1 Latin America Zinc Chemicals Market Opportunity Assessment, By Countries, 2021 & 2031F |
12.2 Latin America Zinc Chemicals Market Opportunity Assessment, By By Type, 2021 & 2031F |
12.3 Latin America Zinc Chemicals Market Opportunity Assessment, By By End-user Industry, 2021 & 2031F |
13 Latin America Zinc Chemicals Market - Competitive Landscape |
13.1 Latin America Zinc Chemicals Market Revenue Share, By Companies, 2024 |
13.2 Latin America Zinc Chemicals Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |