Sales of zinc sulfate in my country are gradually increasing, with Baohai Micro-Yuan accounting for the largest market share

Zinc sulfate, also known as alum, is a salt compound composed of zinc and sulfate ions (SO4). The chemical formula of zinc sulfate is ZnSO4. Its appearance is mostly a colorless or white crystalline powder, which is easily soluble in water and slightly soluble in ethanol and glycerol. Zinc sulfate has a wide range of application fields. It is mostly used in the production of drugs, zinc fertilizers, artificial fibers, preservatives and other products. It is widely used in medicine, fertilizer, chemical industry and other fields.

From the upstream of the industrial chain, sulfuric acid has become the most important raw material for zinc sulfate. Driven by the downstream market, the production scale of my country’s sulfuric acid enterprises has gradually expanded, and output has increased. According to data released by the National Bureau of Statistics, my country’s sulfuric acid production will reach 95.046 million tons in 2022, a year-on-year increase of 1.30%. my country’s sulfuric acid production is gradually increasing, providing sufficient raw materials for the continuous development of the zinc sulfate industry.

As an inorganic compound, zinc sulfate has a wide range of applications. In the chemical industry, zinc sulfate is mostly used as a raw material for zinc salt, zinc barium white and other products, and can also be directly used as a preservative for wood and leather. In the field of medicine, zinc sulfate, with its anti-inflammatory, antibacterial and other advantages, is not only used to treat skin inflammation, eye infections and other diseases, but can also be used to prepare eye drops, antibacterial drugs, skin disease drugs, etc. In addition, zinc sulfate can also be used directly as fertilizer to provide a large amount of zinc to crops, thus improving crop yield and quality. Overall, the zinc sulfate consumer market is relatively large.

According to the “China Zinc Sulfate Industry Comprehensive Market Research and Investment Analysis Report 2023-2027” released by the Industrial Research Center, with the my country’s chemical, fertilizer, pharmaceutical and other industries are developing rapidly, and the market demand for zinc sulfate is gradually growing. Against this background, sales of zinc sulfate in my country have gradually increased. From 2016 to 2022, my country’s zinc sulfate sales increased from 810,400 tons to 951,200 tons, with an average annual compound growth rate of 2.36%.

From an export perspective, my country’s zinc sulfate exports have declined due to weak demand in foreign markets due to the impact of the epidemic. According to data released by the General Administration of Customs, in 2022, my country’s zinc sulfate export volume will be 199,500 tons, a decrease of 12.07% compared with 2021; the export value will be US$199 million, a decrease of 4.63% year-on-year. From the perspective of export destinations, my country’s zinc sulfate export destinations mainly include Brazil, Australia, the United States, Peru, etc. Among them, the United States has become the country with the largest export volume of zinc sulfate in my country, accounting for 13.30% of the export volume.

Industry analysts said that my country’s largest zinc sulfate companies mainly include Baohai Weiyuan, Esoke Technology, Yuanda Zhongzheng , Huaxing Zhihua, etc. Among them, Baohai Weiyuan has the largest market share in the global market, accounting for 12.04%; followed by Esoke Technology, with a market share of 8.95%. After years of development, my country’s zinc sulfate enterprises have gradually increased their influence in the international market by virtue of their advanced production technology and rich product varieties.