Zinc Chloride Market Size, Share, Analysis Report By Grade (High Purity Grade, Technical Grade, Battery Grade, Commercial Grade), By Application (Dry Cell Batteries, Catalyst, Water Treatment, Others), By End-use (Electronics, Agriculture, Chemical, Textile, Others), And Region Forecast, 2022– 2030

The Global Zinc Chloride Market size accounted for US$ 299 Mn in 2021 and is expected to reach US$ 464 Mn by 2030 with a considerable CAGR of 5.2% during the forecast timeframe of 2022 to 2030.

Zinc chloride is a concentrated solid and deliquescent salt with the formula ZnCl2 that can be formed by evaporating or directly reacting with an aqueous solution. In dry cells, zinc chloride is primarily used as an electrolyte. It is also used as a condensing agent, a dehydrating agent, a wood preservative, a deodorant, and a disinfectant in those other applications. Zinc chloride can also be used in a variety of industries such as pharmaceuticals, chemicals, and paper production. It is used in the chemical industry to make intermediate chemicals, dyes, and solvents such as ethyl acetate. On a smaller scale, it is also used in a variety of applications. It is also an important component of the crystallizing bath used in the manufacture of viscose rayon. In addition, zinc chloride is widely used in the textile industry, as well as a flux component in aluminum refining, soldering, and galvanizing.

Drivers

·         Rising used as an electrolyte in dry cell batteries in the automotive industry

·         Growing demand for zinc chloride as a coagulant for dyes

·         Increasing production for chemicals such as methylene chloride, zinc bacitracin, and ethyl acetate

Restraints

·         Strict government regulations related to the use of zinc chloride

·         The growing adverse effect of zinc chloride on the body

Opportunity

·         An increase in the consumption from the textile processing sector

·         Rising demand from the oil and gas industries

Report Coverage

Zinc Chloride Market Dynamics

The expansion of the textile industry, which is expected to increase demand for zinc chloride, will be a key driver of the zinc chloride market throughout the forecast period. Furthermore, zinc chloride is used in the chemical industry to produce intermediate chemicals, epigastric tenderness, pharyngeal edema, dyes, and solvents like ethyl acetate. Technological advancements in the automotive industry that favor the use of zinc chloride as a coagulant are creating enormous opportunities for zinc chloride market manufacturers to increase sales through the development of new products. This expansion may be fueled by increased demand for the product as a result of its chemical characteristics. Growing demand from industries such as petroleum and energy, as well as chemical manufacturing, can help to fuel demand even more. However, rising strict government regulations related to the use of zinc chloride due to its toxic nature, as well as adverse effects of this compound on skin are among the major restraints that will further challenge the growth of the zinc chloride market during the forecast period.

Market Segmentation

Market by Grade

·         High Purity Grade

·         Technical Grade

·         Battery Grade

·         Commercial Grade

Based on the grade, the battery-grade zinc chloride segment is expected to grow at the fastest rate during the forecasted years. Battery-grade zinc chloride is in the growing market due to its increasing use in the production of batteries used in the automotive and manufacturing industries. Zinc chloride batteries are emerging as one of the most promising devices for large and medium energy storage applications due to their advantages in terms of cell voltage, energy density, and cost. The transition of the automotive industry from zinc-carbon battery cells to zinc chloride batteries is also opening up new opportunities for zinc chloride manufacturers.

Market by Application

·         Dry Cell Batteries

·         Catalyst

·         Water Treatment

·         Others

Based on the application, the catalyst segment held the largest market share in 2021, owing to increased R&D investment for the introduction of new applications. In a wide range of natural synthesis reactions, zinc chloride is used as a Lewis acid catalyst. The primary benefits of ZnCl2 are its low cost, moderate toxicity, ease of handling, and broad-spectrum catalytic activity.

Furthermore, the dry cell batteries segment is projected to expand significantly in the market over the forecasting year, owing to rising demand for storage batteries and rising demand for electric battery vehicles.

Market by End-use

·         Electronics

·         Agriculture

·         Chemical

·         Textile

·         Others

Based on the end-user, the market is segmented into the chemical, electronic, agriculture, textile, and many more. In the chemical industry, zinc chloride is used to make intermediate chemical products, and cleaning agents such as ethyl acetate. It is also used in the laboratory to synthesize organic products for Lewis acid reactions and other reactions. Furthermore, it is also used as a catalyst in organic processes. Besides this, zinc chloride at a concentration of 64% in water can be used to dissolve cellulose, silk, and starch in the textile industry. It is also used in a number of different applications, such as fireproofing and fabric refreshers.

Zinc Chloride Market Regional Overview

North America

·         U.S.

·         Canada

Europe

·         U.K.

·         France

·         Germany

·         Spain

·         Rest of Europe

Latin America

·         Mexico

·         Brazil

·         Rest of Latin America

Asia-Pacific

·         India

·         China

·         Japan

·         Australia

·         South Korea

·         Rest of Asia-Pacific

Middle East & Africa

·         South Africa

·         GCC

·         Rest of Middle East & Africa