The Asia Pacific Zinc Acetate Market would witness market growth of 5.4% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 30,608.34 Tonnes, showcasing a growth of 4.8% (2019-2022).
Zinc is an essential micronutrient for animals, and zinc acetate is a source of this vital element, contributing to livestock's overall health and productivity. Zinc is a cofactor for numerous metalloenzymes involved in essential biological processes. Enzymes activated by zinc play roles in digestion, energy metabolism, and immune function. Zinc contributes to the antioxidant defense system, helping protect livestock from oxidative stress. A robust immune system is crucial for disease resistance and overall health. Moreover, cell division and growth processes are highly dependent on zinc.
Zinc acetate is integral to the electroplating industry, where it is used to deposit thin layers of zinc onto metal surfaces. This process is crucial for providing corrosion resistance and improving the aesthetics of various metal products. Electroplating involves the electrodeposition of a metal coating onto a substrate, typically a metal object. This is achieved through an electrolytic cell where the metal ions in a solution are reduced and deposited onto the object's surface. Integrating eco-friendly catalysts in chemical reactions aligns with the principles of green chemistry, promoting sustainability across industries.
The chemicals industry, which is integral to China's industrial environment, has contributed to the country's emergence as a global industrial powerhouse. The demand for pharmaceutical products within India is substantial and continues to expand. Zinc is an essential mineral with various biological functions, including immune system support. This is sometimes used in pharmaceutical formulations, including oral supplements and over the counter (OTC) medications. As per the data from Invest India, the pharmaceutical sector in India currently holds a valuation of $50 billion. The pharmaceutical sector in India is expected to generate $130 billion by 2030 and $65 billion by 2024. Hence, increasing pharmaceutical and chemical industries in the Asia Pacific will boost its demand in the region.
The China market dominated the Asia Pacific Zinc Acetate Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $27.0 Million by 2030. The Japan market is registering a CAGR of 4.7% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6% during (2023 - 2030).
Free Valuable Insights: The Global Zinc Acetate Market is Predict to reach $ 212.2 Million by 2030, at a CAGR of 5.1%
Based on Form, the market is segmented into Dihydrate, and Anhydrous. Based on Application, the market is segmented into Dietary & Medicine, Analytical Reagent, Wood Preservative, Chemical, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Form (Volume, Tonnes, USD Million, 2019-2030)
By Application (Volume, Tonnes, USD Million, 2019-2030)
By Country (Volume, Tonnes, USD Million, 2019-2030)
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