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3. Agreements & Contracts was the Key Strategy Adopted by Major Players to Enhance their Presence in the Global Zinc Chemicals Market Between 2013 and 2017

The global zinc chemicals market is projected to reach USD 10.41 Billion by 2022, at a CAGR of 5.5% from 2017 to 2022. Zinc chemicals are used in various applications such as rubber compounding, glass & ceramics, paints & coatings, chemicals, food & pharmaceuticals, and textiles. Rapid increasing demand for zinc chemicals in the agriculture and glass & ceramics industry and rapid growth of the automotive industry in Asia Pacific are expected to boost the growth of the global zinc chemicals market.

Agreements & contracts was the key strategy adopted by major players to enhance their presence in the global zinc chemicals market between 2013 and 2017. This strategy accounted for a major share of all development strategies adopted by leading players during the same period. Key players operating in the global zinc chemicals market include U.S. Zinc (US), GHC (Canada), Akrochem (US), BruggemannChemical (Germany), Weifang Longda Zinc Industry (China), Hakusuitech (Japan), American Chemet Corporation (US), Rubamin (India), and Zinc Oxide LLC (US).

U.S. Zinc is one of the major manufacturers of zinc chemicals. The company manufactures and supplies zinc oxide, zinc dust, zinc metal, and zinc fines. The company manufactures zinc oxide from zinc secondaries as well as from High Grade (HG) and Special High Grade (SHG) zinc metal. The company has two production plants of zinc oxide in the US and one each in Brazil and China. The company also produces zinc dust from its distilled dust plant located in Texas. The company has a widespread presence and distribution networks in Asia Pacific, Europe, the Middle East & Africa, and the Americas.

In May 2015, U.S. Zinc expanded its production of zinc oxide by 9,000 metric tons per annum at its zinc oxide plant in Changshu, China. The company is focusing on meeting the rising demand for zinc oxide in the Chinese market as well as globally. The company also focuses on staying ahead of its competitors in the global zinc chemicals market. U.S. Zinc has the advantage of economies of scale, which helps it with product development, customer access, and purchasing.

GHC is also one of the major producers of zinc chemicals. It manufactures zinc oxide at its production facility in Saint Hyacinthe, Quebec, Canada. The company manufactures multiple grades of zinc oxide for various end-use industries such as custom compound rubber and plastics, tire, agriculture, ceramics, specialty chemicals, lube oil additives, pharmaceutical, and food. It also manufactures zinc oxide reference material for the rubber compounding industry. GHC acquired Good Manufacturing Practice (GMP) license to manufacture pharmaceutical grade zinc oxide, and this helped the company export its products to the emerging economies of Asia Pacific.

Related Reports:

Zinc Chemicals Market by Type (Zinc Oxide, Zinc Sulfate, Zinc Carbonate, Zinc Chloride), Application (Rubber Compounding, Agriculture, Glass & Ceramics, Paint & Coatings, Chemicals, Food & Pharmaceuticals, Textiles), and Region - Global Forecast to 2022

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