According to a new report, published by KBV research, The Global Zinc Acetate Market size is expected to reach $212.2 million by 2030, rising at a market growth of 5.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 66,975.27 Tonnes, experiencing a growth of 4.7% (2019-2022).
The Dihydrate segment is generating highest revenue in the Global Zinc Acetate Market, By Form in 2022; thereby, achieving a market value of $143.4 Million by 2030. The pharmaceutical industry is a significant consumer of zinc acetate, and the dihydrate form may experience growth due to its relevance in pharmaceutical applications. Zinc acetate dihydrate is often used to formulate dietary supplements and medicinal products. Hence, these factors will assist in the growth of the segment.
The Wood Preservative segment is experiencing a CAGR of 4.4% during (2023 - 2030). The use of zinc acetate in wood preservation gained attention due to its effectiveness in protecting wood from decay and insect damage. The compound's ability to act as a preservative is attributed to its antimicrobial properties, which inhibit the growth of fungi and insects and can compromise wood's structural integrity. Thus, these factors will fuel the demand in the segment.
Full Report: https://www.kbvresearch.com/zinc-acetate-market/
The Asia Pacific region dominated the Global Zinc Acetate Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $102.8 Million by 2030. The North America region is anticipated to grow at a CAGR of 4.3% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 4.8% during (2023 - 2030).
By Form (Volume, Tonnes, USD Million, 2019-2030)
By Application (Volume, Tonnes, USD Million, 2019-2030)
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