Zinc Sulphate Price Trend

Zinc Sulphate Prices December 2023

The price of zinc sulphate in India reached 815 INR/MT. The product demand from agrochemical industries remained robust, supporting the market fundamentals of the product. Consequently, manufacturers adjusted their prices in the first half of the quarter. Industrial production stayed strong, with sufficient zinc sulphate stocks to meet downstream industry demand. Production growth in Q2 kept the manufacturing purchasing manager index in expansion mode. However, by August, the product prices declined due to increased finished goods stockpiles, creating supply pressure. Sulphuric Acid prices rose, further impacting the price dynamics. Nonetheless, increased inquiries from agrochemical industries during the planting season increased the demand for zinc sulphate by the end of the quarter.

Zinc Sulphate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Zinc Sulphate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of zinc sulphate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of zinc sulphate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of zinc sulphate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing zinc sulphate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Zinc Sulphate Market Analysis

The global zinc sulphate market size reached US$ 1.8 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.3 Billion, at a projected CAGR of 7.10% during 2023-2032.

• The increasing urbanization is raising the need for effective water treatment solutions. Zinc sulphate is used in water treatment facilities to remove impurities through various mechanisms such as coagulation, precipitation, and ion exchange. Its ability to facilitate the removal of contaminants such as heavy metals and pathogens makes it an essential component in water treatment facilities, ensuring access to clean and safe drinking water for urban communities. According to the United Nations Department of Economic and Social Affairs, the world population reached 8 billion in 2022, with 55% living in urban areas, which is forecasted to rise to 70% by 2050. This urban growth necessitates expanded water treatment infrastructure, thereby increasing the demand for chemicals such as zinc sulphate. It is essential for addressing water quality challenges in municipal and industrial settings, contributing to public health and environmental sustainability efforts.
• The increasing demand for zinc sulfate in pharmaceutical applications, particularly in formulations aimed at addressing zinc deficiency and supporting immune function. It is utilized in the treatment of conditions associated with zinc deficiency, such as growth retardation, impaired immune function, and skin disorders such as acne and eczema. Hence many pharmaceutical companies are formulating tablets to cure zinc deficiency. For instance, in June 2023, Swiss Pharma Nigeria Limited ( Swipha) was the first organization to receive World Health Organization prequalification for zinc sulfate 20mg dispersible tablet in West Africa.
• Governments and international bodies are focusing on biofortification as a strategy to reduce micronutrient malnutrition globally. Zinc sulphate is crucial for biofortifying crops such as rice, wheat, and maize with zinc to increase the zinc content in crops. For instance, biofortification aims to increase the nutritional value of food crops through agricultural practices, conventional plant breeding, or modern biotechnology. According to the National Library of Medicine, micronutrient deficiencies affect about 38% of pregnant women and 43% of preschool children worldwide while more than 30% of the world population is reported to be anaemic. It can be resolved with the adoption of biofortification that can aid in curbing and improving nutrient contents such as zinc, and iron in biofortified food crops, offering sufficient levels of such micronutrients. It is often applied directly to the soil as a fertilizer to replenish zinc levels in zinc-deficient soils, thereby enhancing the uptake of zinc by the crops grown in these soils.

Zinc Sulphate News

The report covers the latest developments, updates, and trends impacting the global zinc sulphate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in zinc sulphate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the zinc sulphate price trend.

Latest developments in the zinc sulphate industry:

• August 2022, Piramal Pharma Limited’s Critical Care business, a prominent company specializing in complex hospital generics introduced the first-to-market generic zinc sulfate injection in the United States. It received approval from the U.S. Food and Drug Administration under the Competitive Generic Therapy (CGT) designation, which aims to foster market competition for exclusive source medications. The intravenous nutritional injection is available in two strengths: 30mg/10mL (3mg/mL) and 25mg/5mL (5mg/mL).

Product Description

Zinc sulphate is a chemical compound represented by the formula ZnSO₄. It is commonly used in various applications, including agriculture, pharmaceuticals, and water treatment. As a vital micronutrient in agriculture. It is extensively employed to correct zinc deficiency in crops, enhancing growth and yield. In pharmaceuticals, it serves as a zinc supplement to treat and prevent zinc deficiency in humans, supporting essential bodily functions such as immune response and enzyme activity. Additionally, the increasing product demand in water treatment facilities as a coagulant to help remove impurities by aggregating them into larger particles that can be more easily filtered out. The compound typically appears as a colourless crystalline solid or a white powder and is soluble in water, making it effective for these diverse uses.

Regional Coverage

The report provides a detailed analysis of the zinc sulphate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the zinc sulphate price trend.

Global Zinc Sulphate Price

The report offers a holistic view of the global zinc sulphate pricing trends in the form of zinc sulphate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of zinc sulphate but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed zinc sulphate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Zinc Sulphate Price

The Europe zinc sulphate market varied from moderate to high, bolstered by increased inquiries from fertilizer manufacturers and steady imports. While supply remained moderate with no reported plant shutdowns, production costs increased due to higher gas prices and raw material expenses. The product prices rose as demand improved, supported by efficient supply chain operations. Decreased natural gas prices eased manufacturing costs, but a destocking season led to reduced demand, prompting manufacturers to adjust production levels to stabilize prices and rebalance the market.

This analysis can be extended to include detailed zinc sulphate price information for a comprehensive list of countries.

North America Zinc Sulphate Price

In North America, the zinc sulphate market has witnessed exhibited mixed dynamics. Initially, prices edged up due to robust demand from the fertilizer sector and increased industrial activity. However, concerns arose over a potential supply shortage amid a labour strike at the critical St. Lawrence Seaway, vital for Canada's fertilizer industry. Despite challenges such as slowing demand and a decline in manufacturing PMI, firm fertilizer demand and improved market sentiment provided some support. Destocking led to lower product demand, contributing to price declines, with no reported plant shutdowns throughout the quarter.

Specific zinc sulphate historical data within the United States and Canada can also be provided.

Middle East and Africa Zinc Sulphate Price

The report explores the zinc sulphate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on zinc sulphate prices for countries can also be provided.

Asia Pacific Zinc Sulphate Price

The zinc sulphate pricing in the Asia Pacific region is affected by increased inquiries from downstream agrochemical industries during the Rabi planting season which escalated the demand, while higher prices of upstream sulphuric acid added pressure to zinc sulphate prices. Year-end destocking slowed production, exacerbated by declining prices of upstream zinc oxide. Consequently, manufacturers reduced offers to boost shipments.

This zinc sulphate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Zinc Sulphate Price

The analysis of zinc sulphate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of zinc sulphate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting zinc sulphate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The zinc sulphate price charts ensure our clients remain at the forefront of the industry.