In the first and second quarters of 2023, the zinc sulfate market in Asia experienced a fluctuating price trend due to strong consumption rates from downstream sectors but also faced supply pressure from ample product availability. In Europe, rising inventories and high inflation rates negatively impacted market sentiments, despite some positive movement in the agrochemical industries. North America witnessed a mixed price trend influenced by slow movement in downstream industries, driven by factors such as higher interest and inflation rates, volatile energy production costs, and government monetary policies. Overall, regional market dynamics played a significant role in shaping the zinc sulfate price trends.
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Definition
Zinc sulfate is an inorganic compound with the chemical formula ZnSO₄. It is a colorless crystalline salt that contains zinc and sulfate ions. Zinc sulfate is commonly used in various applications, including as a dietary supplement to provide essential zinc nutrients, in agriculture as a fertilizer to correct zinc deficiencies in soil, and in industrial processes such as the production of dyes, pigments, and electrolytes for batteries. It also finds use in medicine for topical treatments and in the manufacturing of other zinc compounds.
Key Details About the Zinc sulfate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Zinc Sulfate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Zinc Sulfate Price chart, including India Zinc Sulfate price, USA Zinc Sulfate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Zinc Sulfate Price Trend:
Zinc sulfate has several important industrial uses due to its versatile properties. In agriculture, it serves as a zinc fertilizer to correct zinc deficiencies in soil, promoting healthy plant growth and higher crop yields. The chemical industry uses zinc sulfate as a precursor for the production of other zinc compounds, including zinc oxide, zinc carbonate, and zinc chloride, which find applications in various sectors. In the manufacturing of dyes, pigments, and lithopone, zinc sulfate acts as a key ingredient. Additionally, it is employed in the production of electrolytes for batteries and serves as a coagulant in water treatment processes. Its wide range of applications makes it a valuable component in various industrial processes.
Key Players:
- Balaji Industries
- Changsha Haolin Chemicals Co Ltd
- Tianjin Topfert Agrochemical Co
- Rongqing Chemical Co Ltd
- Clean Agro
- Oasis Fine Chem
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