Zinc Carbonate Market Growth 2023 – Porters of Analysis, Research Report Till 2030

Posted by Rajkumar on February 23rd, 2023

Zinc carbonate is used in the cosmetic industry. It is used in a wide range of products, including makeup, hair and skin care, bath products and shaving items. The zinc carbonate market growth is thus driven by increasing focus on aesthetic appeal and launch of various cosmetic products. According to a 2018 survey by GlobalData, around three quarters of South Korean men undertake a beauty or grooming treatment at least once a week.

Zinc carbonate is also found in various personal care products such as bath products, makeup products, personal cleanliness products, shaving products, oral care products and skin and hair care products. The average annual expenditure on personal care products is increasing in various countries, which is expected to aid in growth of the zinc carbonate market. The average annual expenditure on personal care products in the U.S. increased from US$ 707 in 2016 to US$ 768 in 2018.    

Zinc carbonate is widely used in the chemical fertilizer industry. It is used as a sulphur absorber in the petroleum and chemical fertilizer industries. Increasing demand for food leads to surge in demand for fertilizers. This in turn is expected to boost growth of the zinc carbonate market. According to Food and Agriculture Organization, Asia Pacific needs to increase their food production by up to 77% by 2050 to meet food demand of increasing population.

In the construction sector, zinc carbonate is used in asphalt production. Increase in number of housing units is expected to aid in growth of the zinc carbonate market. According to the U.S. Census Bureau, in February 2020, there were 1,464,000, building permits, 1,599,000 housing starts, and 1,316,000, housing completions in the U.S.

The zinc carbonate market in the U.S. is also driven by high demand for laundry and dishwashing products. According to a new survey conducted by Toluna, a consumer insights company, and commissioned by Tide in December 2020, about two-thirds of the people in the U.S. are concerned about stains this holiday season and over 40% of the people in the U.S. foresee grease and oil as the biggest challenge in preparation for their holiday meal. In fact, nearly 60% say that household cleaning products, such as laundry detergent, will take up more room in their shopping cart this year.