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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

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Zinc Sulfide Market