The Europe Zinc Acetate Market would witness market growth of 4.8% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 10,293.23 Tonnes, showcasing a growth of 4.5% (2019-2022).
It plays a role in protecting wood against decay and fungal infestations. Treated wood finds applications in construction, outdoor structures, and marine environments, where the durability of wood is a critical factor. In construction, such treated wood is widely employed to fabricate structural elements, including beams, columns, and framing. The preservative properties enhance the durability of these critical elements in buildings and infrastructure. Construction sites and structures are exposed to varying weather conditions.
Zinc acetate-treated wood exhibits enhanced resistance to environmental factors, including moisture, sunlight, and temperature fluctuations. Likewise, outdoor structures like decks, fences, and pergolas often utilize such treated wood. The preservative ensures that these structures withstand outdoor elements, including rain, humidity, and direct sunlight. Treated wood maintains its aesthetic appeal over time, contributing to outdoor spaces' longevity and visual attractiveness. Furthermore, the agricultural sector benefits from this as a nutritional supplement for livestock.
The chemical sector is a key component of Europe's industrial landscape. Various industries, including automotive, construction, and electronics, influence the demand for chemicals. As per Eurostat, in 2022, EU exports of chemicals stood at €553 billion, which is equivalent to an average annual growth of 6.7% from 2002 to 2022. The EU had a growing trade surplus in chemicals throughout the 2002–2022 period. The surplus grew from €55 billion in 2002 to €190 billion in 2022. There were six Member States exporting more than €30 billion of chemicals to countries outside the EU in 2022 (see Table 1). These were Germany (€142 billion), Belgium (€81 billion), Ireland (€71 billion), France (€53 billion), the Netherlands (€49 billion) and Italy (€42 billion). Thus, the rising chemical industry in Europe is expected to boost the demand in the regional market.
The Germany market dominated the Europe Zinc Acetate Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $9.0 Million by 2030. The UK market is exhibiting a CAGR of 3.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.6% during (2023 - 2030).
Free Valuable Insights: The Global Zinc Acetate Market will Hit USD 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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