Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market (2022-2028) | Forecast, Size, Trends, Outlook, Industry, Revenue, Share, Analysis, Value, Segmentation & COVID-19 IMPACT

Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market Synopsis

Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market is driven by the growing demand for water treatment and papermaking applications. The increase in construction activities and the growing textile industry are also fueling the growth of the zinc formaldehyde sulfoxylate market. In recent years, the Saudi government has been investing heavily in the zinc formaldehyde sulfoxylate (ZFS) industry to meet the growing demand for this important chemical compound. ZFS is used in a variety of industries, including the production of adhesives, coatings, and plastics. The Saudi government is supportive of the ZFS industry and has set up several initiatives to ensure its continued growth.

According to 6Wresearch, the Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market size is expected to grow during 2022-2028. Zinc formaldehyde sulfoxylate (ZFS) is a white or colorless solid with a faint odor. It is used as a mordant in textile printing and dyeing, and as an intermediate in the production of dyes, pigments, and other chemicals. ZFS is also used in water treatment and as an agricultural fungicide. The major factor driving the Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market growth are, the growing demand for paints & coatings and adhesives & sealants from construction and automotive industries.

Future prospects of the Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market

There are several factors that could impact the future of the Saudi ZFS market, including:

The rise in environmental regulations and awareness has led to increased scrutiny of ZFS production methods and their impact on air quality. This could lead to higher production costs and/or decreased demand for ZFS products. 

There is currently a large supply of ZFS in the market due to overcapacity in Chinese production facilities. This has put downward pressure on prices and margins for producers around the world. 

The Saudi government's commitment to Vision 2030 could lead to increased investment in domestic ZFS production capacity. This could help offset any decrease in demand or increase in costs associated with producing ZFS products.

Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Industry Chain Analysis

The value chain of the Saudi Arabia zinc formaldehyde sulfoxylate (ZFS) Market revenue can be divided into four main segments, namely, raw material suppliers, ZFS manufacturers, downstream distributors, and end users.

Raw Material Suppliers: Raw materials for the production of ZFS include zinc oxide, sulfuric acid, and formaldehyde. Zinc oxide is the most important raw material as it accounts for more than 50% of the total cost of production. The major suppliers of zinc oxide in Saudi Arabia are Ma'aden Wa'ad Al-Shamal Phosphate Company and Saudi Arabian Mining Company (Ma'aden).

Formaldehyde is another key raw material used in the production of ZFS and is typically sourced from methanol. Methanol is produced from natural gas and is widely available in Saudi Arabia. The major suppliers of methanol in Saudi Arabia are Saudi Aramco, Sabic, and Petro Rabigh.

Downstream Distributors: Downstream distributors play a vital role in connecting ZFS manufacturers with end users such as paint & coatings companies, construction companies, water treatment plants, etc. Some of the leading downstream distributors operating in the Saudi Arabia Z

Impact of COVID-19 on the Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market

The COVID-19 pandemic affected the Global Zinc Formaldehyde Sulfoxylate (ZFS) Market owing to the global economic slowdown has led to a decrease in demand for ZFS from some of its major consumers, such as the construction and automotive industries. This has also affected the Saudi market substantially. The effect of the pandemic was compounded as the supply lines were also frozen which impacted the raw material availability.

Key Players Operating in the Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market

The Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) market share is dominated by five key players that together account for a significant share in the market: 

• BASF SE
• DowDuPont Inc.
• AkzoNobel N.V.
• Henkel AG & Co. KGaA
• 3M Company

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market Outlook
• Market Size of Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market, 2021
• Forecast of Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market, 2028
• Historical Data and Forecast of Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Revenues & Volume for the Period 2018 - 2028
• Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market Trend Evolution
• Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market Drivers and Challenges
• Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Price Trends
• Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Porter's Five Forces
• Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market Revenues & Volume By Product Type for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market Revenues & Volume By Greater than or equal to 96% Purity for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market Revenues & Volume By Less than or equal to 96% Purity for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market Revenues & Volume By Textile for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market Revenues & Volume By Adhesives for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market Revenues & Volume By Automobiles for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market Revenues & Volume By Other for the Period 2018 - 2028
• Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Application
• Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Top Companies Market Share
• Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Company Profiles
• Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Type

• Greater Than or Equal To 96% Purity
• Less Than or Equal To 96% Purity

By Application

• Textile
• Adhesives
• Automobiles
• Other

Saudi Arabia Zinc Formaldehyde Sulfoxylate (ZFS) Market: FAQs