India Zinc Sulfide Market (2024-2030) Outlook | Size, Value, Analysis, Share, Industry, Growth, Companies, Trends, Forecast & Revenue

India Zinc Sulfide Market Synopsis

Zinc sulfide is a compound of zinc and sulfur. It occurs in nature as the mineral blende, sphalerite or wurtzite but can also be synthesized from other zinc compounds with sulfuric acid. Zinc sulfide is used in several applications such as photocopying materials, luminescent paints and pigments for solar cells, printing ink, fluorescent lamps, scintillation counters and phosphors for TVs, optical instruments etc.

Market Drivers

The growing demand for luminescent paint & pigments used in solar cells and semiconductor industries will drive the growth of market during forecast period. Increasing use of photocopying materials due to rapid advancements in office automation technologies are anticipated to boost the demand for zinc sulfide across India over upcoming years. Moreover increasing consumption of fluorescent lamps is projected to create lucrative opportunities during forecast period. Furthermore increasing focus on renewable energy sources such as wind turbines has resulted into rapidly growing photovoltaic industry which provides further impetus to market growth over upcoming years. Additionally rising application scope across pharmaceuticals sector is expected to result into high revenue generation during forecast timeline.

Challenges of the Market

High cost associated with manufacturing processes coupled with stringent regulations imposed by government agencies related to environmental safety may hamper overall market growth over next few years. Moreover fluctuating raw material prices due rising environmental concerns may act as major restraint over foreseeable future timeframe for this particular market. However rising awareness regarding ecofriendly products along with technological advancements have created various pathways through which manufacturers can overcome this challenge efficiently by formulating new solutions at reduced costs.

Key Players in the Market

Major players operating within India Zinc Sulfide Market include Merck KGaA (Germany), Nichia Corporation (Japan), Hubei Xingfa Chemicals Group Co., Ltd.(China) , Altana AG (Germany) , Novaled GmbH( Germany) , Lumileds Lighting Company BV (Netherlands ) among others.

COVID-19 impact on the market

The Covid 19 pandemic has led to unavailability of resources thus resulting into significant slowdown in production activities across India due improper supply chain management. This factor directly affects India Zinc Sulfide Market negatively thereby creating adverse impact on its overall revenues. Moreover sudden lockdown announcement by many governments globally has resulted into closure of various manufacturing units and retail outlets thus further complicating situation even more aggressively.

Key Highlights of the Report:

• India Zinc Sulfide Market Outlook
• Market Size of India Zinc Sulfide Market, 2023
• Forecast of India Zinc Sulfide Market, 2030
• Historical Data and Forecast of India Zinc Sulfide Revenues & Volume for the Period 2020-2030
• India Zinc Sulfide Market Trend Evolution
• India Zinc Sulfide Market Drivers and Challenges
• India Zinc Sulfide Price Trends
• India Zinc Sulfide Porter's Five Forces
• India Zinc Sulfide Industry Life Cycle
• Historical Data and Forecast of India Zinc Sulfide Market Revenues & Volume By By Type for the Period 2020-2030
• Historical Data and Forecast of India Zinc Sulfide Market Revenues & Volume By Purity >99.99% for the Period 2020-2030
• Historical Data and Forecast of India Zinc Sulfide Market Revenues & Volume By Purity >99.9% for the Period 2020-2030
• Historical Data and Forecast of India Zinc Sulfide Market Revenues & Volume By Purity >97.0% for the Period 2020-2030
• Historical Data and Forecast of India Zinc Sulfide Market Revenues & Volume By By Application for the Period 2020-2030
• Historical Data and Forecast of India Zinc Sulfide Market Revenues & Volume By Pigment for the Period 2020-2030
• Historical Data and Forecast of India Zinc Sulfide Market Revenues & Volume By Optical material for the Period 2020-2030
• Historical Data and Forecast of India Zinc Sulfide Market Revenues & Volume By Luminescent material for the Period 2020-2030
• India Zinc Sulfide Import Export Trade Statistics
• Market Opportunity Assessment By By Type
• Market Opportunity Assessment By By Application
• India Zinc Sulfide Top Companies Market Share
• India Zinc Sulfide Competitive Benchmarking By Technical and Operational Parameters
• India Zinc Sulfide Company Profiles
• India Zinc Sulfide Key Strategic Recommendations