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Zinc Sulfide Market

Zinc Sulfide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021-2031

Zinc Sulfide Market: Introduction

  • Zinc sulfide is an inorganic compound with the chemical formula of ZnS. This is the main form of zinc found in nature, where it primarily occurs as the mineral sphalerite.
  • Zinc sulfide mineral is usually black because of various impurities. However, the pure material is white, and is widely used as a pigment. In its dense synthetic form, zinc sulfide can be transparent, and is used as a window for visible optics and infrared optics.
  • Zinc sulfide is an important semiconductor with a large exciton binding energy at room temperature. Therefore, zinc sulfide nanoparticles are used in many applications in solar cells, gas sensors, and anti-virus agents in coatings and electroluminescent devices. Scientifically, non-linear properties of zinc sulfide are of much significance from the research point of view. It is synthesized using several methods such as homogeneous precipitation and microwave methods.

Key Drivers and Restraints of Zinc Sulfide Market

  • Demand for zinc sulfide is expected to increase at a significant pace during the forecast period due to rise in usage of zinc sulfide in commercial applications. Increase in usage of zinc sulfide in x-rays, infrared optics, and as a phosphor in various applications, comprising X-ray screens and cathode ray tubes, is driving the market.
  • High cost of zinc sulfide vis-à-vis other substitutes is negatively affecting the zinc sulfide market

Zinc Sulfide Market: Application Segment

  • Based on application, the zinc sulfide market can be divided into pigment, optical material, and luminescent material
  • The luminescent material segment is expected to dominate the market over the next five years

COVID-19 Impact on Global Zinc Sulfide Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
  • Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
  • The outbreak of the COVID-19 pandemic has led to disturbance in the supply chain due to the global lockdown in several countries. The spread of coronavirus led to a decline in demand for chemical intermediates due to uncertainty in the global economy and capital markets. Therefore, a number of major chemicals-producing & consuming countries have been experiencing significant variation in demand for zinc sulfide in end-use industries such as pharmaceutical.

Asia Pacific to Hold Leading Share of Global Zinc Sulfide Market

  • In terms of region, the zinc sulfide market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is expected to hold major share of the global zinc sulfide market, followed by North America and Europe, during the forecast period owing to the availability of cheap labor, supportive government policies, and availability of natural resources in Asia Pacific. The market in Asia Pacific is also anticipated to expand at a higher CAGR owing to the rise in usage of zinc sulfide in medical and clinical applications in the region.

Key Manufacturers Operating in Global Zinc Sulfide Market

The zinc sulfide market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the zinc sulfide market include:

  • DuPont
  • Weifang Sunny
  • Talvivaara
  • Sachtleben Chemie
  • Vital Materials
  • Wuhan Xinrong
  • Jiangyan ATS
  • Sigma-Aldrich
  • Triveni Interchem
  • Shanghai Jing Lian
  • II-VI Incorporated
  • Reade
  • American Elements

Zinc Sulfide Market: Research Scope

Zinc Sulfide Market, by Type

  • Purity ≥ 99.99%
  • Purity ≥ 99.9%
  • Purity ≥ 97.0%

Zinc Sulfide Market, by Application

  • Pigment
  • Optical Material
  • Luminescent Material

Global Zinc Sulfide Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
Zinc Sulfide Market

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