Zinc Sulfate Price Trend

Zinc Sulfate Prices December 2023

The price of zinc sulfate in the United States for Q4 2023 reached 978 USD/MT in December. In the fourth quarter of 2023, the zinc sulfate market in this country experienced varied trends. Initially, prices witnessed a slight increase due to strong demand from the fertilizer industry and enhanced industrial activities. However, concerns emerged about a potential supply shortage resulting from a labor strike at the St. Lawrence Seaway, a crucial route for the Canadian fertilizer sector.

The price trend for zinc sulfate in China reached 808 USD/MT in December 2023, Q4. In the fourth quarter of 2023, the zinc sulfate market in the APAC region was shaped by several key factors. Increased inquiries from downstream agrochemical industries during the Rabi planting season positively impacted the market, resulting in moderate to high demand for zinc sulfate. Additionally, the escalating prices of upstream sulfuric acid exerted upward pressure on the price realizations of zinc sulfate.

In Germany, zinc sulfate prices reached 1130 USD/MT, in December Q4 2023, influenced by weak demand and low demand recovery. In the European zinc sulfate market, prices exhibited continuous fluctuations. The volatility was primarily driven by heightened costs in fuel and energy markets, which significantly elevated upstream and production dynamics. These increased manufacturing expenses intermittently pushed prices upward. Nonetheless, ample inventories were already in place, effectively supporting the modest demands from downstream industries.

Zinc Sulfate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Zinc Sulfate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of zinc sulfate 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 sulfate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of zinc sulfate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing zinc sulfate 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 Sulfate Market Analysis

The global zinc sulfate market size reached 2.36 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 3.48 Million Tons, at a projected CAGR of 4.40% during 2023-2032.

• On account of the increasing population globally, the agriculture industry is exponentially increasing. According to WORLDOMETERS, the global population reached 8.1 Billion individuals in 2024. One of the primary drivers of the zinc sulfate market is the increasing demand from the agricultural sector. Zinc sulfate is a vital micronutrient used in fertilizers to enhance crop yield and quality. Zinc deficiency in soil is a widespread issue affecting crop production, leading to stunted growth and lower yields. As a result, the application of zinc sulfate in fertilizers has become essential to ensure adequate zinc availability for plants. The growing global population necessitates increased food production, putting pressure on the agricultural sector to enhance productivity. This has led to a rise in the use of micronutrient fertilizers, including zinc sulfate.
• The industrial sector represents another significant driver for the zinc sulfate market. Zinc sulfate is widely used in various industrial applications, including chemical manufacturing, water treatment, and electroplating. Its role as a raw material in the production of lithopone, a pigment used in the paint and coatings industry, underscores its industrial importance. In the chemical industry, zinc sulfate is utilized in the production of other chemicals, such as zinc salts and as a coagulant in the production of rayon. The water treatment industry employs zinc sulfate to control the growth of algae and as a flocculant to remove impurities from water. The versatility of zinc sulfate in industrial processes is a key factor propelling its market growth. The electroplating industry also significantly contributes to the demand for zinc sulfate. It is used in electroplating baths to deposit a thin layer of zinc on metal surfaces, providing corrosion resistance and enhancing the aesthetic appeal of the final product. According to the IMARC GROUP, the global electroplating market has reached US$ 16.7 Billion in 2023, and is projected to reach US$ 23.3 Billion by 2032, exhibiting a CAGR of 3.7% during 2024-2032.
• The health and pharmaceutical sector are another critical factor driving the zinc sulfate market. Zinc sulfate is used in the formulation of dietary supplements and pharmaceuticals due to its essential role in human health. Zinc is a crucial trace element required for numerous biological functions, including immune response, DNA synthesis, and cellular metabolism. Zinc deficiency in humans can lead to various health issues, including impaired immune function, growth retardation, and delayed wound healing. To address these health concerns, zinc sulfate supplements are widely used to prevent and treat zinc deficiency, particularly in populations at risk, such as children, pregnant women, and the elderly. Pharmaceutical companies also use zinc sulfate in various formulations, including topical creams and ointments for wound healing and dermatological conditions. The expanding healthcare and pharmaceutical industry, particularly in developing regions, coupled with the rising awareness about the health benefits of zinc, is expected to continue driving the demand for zinc sulfate in the coming years. According to INVEST INDIA, the pharmaceutical industry in India is projected to reach US$ 65 Billion by 2024 and US$ 130 Billion by 2030.

Zinc Sulfate News

The report covers the latest developments, updates, and trends impacting the global zinc sulfate 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 sulfate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the zinc sulfate price trend.

Latest developments in the zinc sulfate industry:

• In January 2024, Piramal Critical Care, a division of Piramal Pharma Limited, has launched a new concentration of zinc sulfate for Injection USP in the United States, expanding their generic injectables portfolio.
• In May 2023, The World Health Organization has added Pediatric Zinc Sulphate tablet manufactured by Swiss Pharma Nigeria Limited to its list of prequalified medicines, marking a significant achievement for the company and the pharmaceutical industry of Nigeria.

Product Description

Zinc sulfate is an inorganic compound with the chemical formula ZnSO₄. It appears as a colorless crystalline solid or white powder, and it is highly soluble in water. Zinc sulfate is produced through the reaction of zinc oxide, zinc carbonate, or zinc metal with sulfuric acid. This process involves dissolving zinc in sulfuric acid, followed by evaporation and crystallization to obtain the desired zinc sulfate product.

Zinc sulfate has a wide range of applications across various industries. In agriculture, it is used as a micronutrient in fertilizers to correct zinc-deficient soils, enhancing crop growth and yield. In the industrial sector, zinc sulfate serves as a raw material in the production of other chemicals, such as lithopone, and is utilized in water treatment processes to control algae growth and purify water. Additionally, it is employed in the electroplating industry to provide a corrosion-resistant coating on metal surfaces. In the health and pharmaceutical sector, zinc sulfate is used in dietary supplements to prevent and treat zinc deficiency, supporting immune function and overall health.

Regional Coverage

The report provides a detailed analysis of the zinc sulfate 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 sulfate price trend.  

Global Zinc Sulfate Price

The report offers a holistic view of the global zinc sulfate pricing trends in the form of zinc sulfate 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 sulfate 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 sulfate 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 Sulfate Price

European zinc sulfate prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

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

North America Zinc Sulfate Price

In the fourth quarter of 2023, the North American zinc sulfate market exhibited a mixed trend. Initially, prices saw a slight uptick driven by strong demand from the fertilizer industry and heightened industrial activities. However, concerns emerged over a possible supply shortage due to a labor strike at the St. Lawrence Seaway, a crucial route for the Canadian fertilizer sector. In Canada, zinc sulfate prices experienced a modest increase during this period. This rise was primarily fueled by robust demand from the downstream fertilizer industry and a boost in industrial activities.

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

Middle East and Africa Zinc Sulfate Price

The report explores the zinc sulfate 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 sulfate prices for countries can also be provided.

Asia Pacific Zinc Sulfate Price

In the Asia Pacific region, the fourth quarter of 2023 saw several factors influencing the zinc sulfate market dynamics. Increased inquiries from downstream agrochemical industries during the Rabi planting season positively impacted the market, resulting in moderate to high demand for zinc sulfate. Additionally, rising prices of upstream sulfuric acid exerted upward pressure on zinc sulfate prices. Moreover, the year-end destocking season affected production activities, with manufacturers preferring to release existing inventories rather than start new production.

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

Latin America Zinc Sulfate Price

The analysis of zinc sulfate 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 sulfate 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 sulfate 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 sulfate price charts ensure our clients remain at the forefront of the industry.