Market Forecast By Grade (High Purity Grade, Battery Grade, Technical Grade, Commercial Grade), By Application (Dry Cell Batteries, Water Treatment, Catalyst, Others), By End-users (Electronics, Chemical, Agriculture, Pharmaceutical) And Competitive Landscape
Product Code: ETC090591 | Publication Date: Jun 2021 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Bangladesh Zinc Chloride Market |
Forecast period | 2025-2031 |
CAGR | 5.8% |
Growing Sector | Electronics |
The Bangladesh Zinc Chloride Market Report thoroughly covers the market by grade, application and end-users. The Bangladesh Zinc Chloride Market Outlook report provides an unbiased and detailed analysis of the ongoing Bangladesh Zinc Chloride Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
Bangladesh Zinc Chloride Market is expected to continue its steady growth trajectory in the coming years, driven by government initiatives, technological advancements, and increasing demand from various industries. This presents a lucrative opportunity for both domestic and international players to invest in the market and capitalize on its potential.
According to 6Wresearch, the Bangladesh Zinc Chloride Market size is projected to rise at a CAGR of 5.8% during 2025-2031. The growing industrialization and urbanization in Bangladesh have led to an increase in the demand for zinc chloride. The construction industry, in particular, has been a major driver for the market as zinc chloride is used in the production of cement and as a corrosion inhibitor for steel structures. Furthermore, the increasing use of zinc chloride in various chemical processes such as galvanizing, electroplating, and organic synthesis has also been a major driver for the market. These factors are contributing to the Bangladesh Zinc Chloride Market growth.
One of the major challenges is the availability and cost of raw materials. Zinc chloride is primarily produced through the reaction of zinc oxide or zinc metal with hydrochloric acid. As Bangladesh does not have significant sources of zinc, it has to import the raw materials, which can be costly and lead to fluctuations in prices.
Some of the key players in the Bangladesh Zinc Chloride Market include Paradise Chemical Industries, Bashundhara chemical industries, and Square Pharmaceuticals Ltd. These companies are focusing on expanding their production capacities to meet the increasing demand for zinc chloride in various industries.
The government of Bangladesh has also taken initiatives to promote the use of zinc chloride in different sectors. For instance, it has implemented policies to encourage the use of zinc chloride in agriculture to improve crop yield and food security in the country. This is expected to further fuel market growth in the coming years.
The future of the Bangladesh zinc chloride market is positive. The country's growing economy and increasing investments in various industries are expected to drive the demand for zinc chloride. Furthermore, with a focus on sustainable development, there is also a growing trend towards the use of environmentally friendly chemicals, which could create new opportunities for zinc chloride manufacturers.
According to Parth, Senior Research Analyst, 6Wresearch, one of the key factors contributing to the growth of the Bangladesh zinc chloride market is the increasing demand for high purity grade zinc chloride. This segment is currently experiencing significant growth due to its use in various industrial applications such as electroplating, metal cleaning, and deodorizing agents.
Currently, the electronics sector has been identified as the largest growing segment in terms of consumption of zinc chloride.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Zinc chloride Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Zinc chloride Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Zinc chloride Market - Industry Life Cycle |
3.4 Bangladesh Zinc chloride Market - Porter's Five Forces |
3.5 Bangladesh Zinc chloride Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Bangladesh Zinc chloride Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Bangladesh Zinc chloride Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Bangladesh Zinc chloride Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Zinc chloride Market Trends |
6 Bangladesh Zinc chloride Market Segmentations |
6.1 Bangladesh Zinc chloride Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Zinc chloride Market Revenues & Volume, By High Purity Grade, 2021-2031F |
6.1.3 Bangladesh Zinc chloride Market Revenues & Volume, By Battery Grade, 2021-2031F |
6.1.4 Bangladesh Zinc chloride Market Revenues & Volume, By Technical Grade, 2021-2031F |
6.1.5 Bangladesh Zinc chloride Market Revenues & Volume, By Commercial Grade, 2021-2031F |
6.2 Bangladesh Zinc chloride Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Zinc chloride Market Revenues & Volume, By Dry Cell Batteries, 2021-2031F |
6.2.3 Bangladesh Zinc chloride Market Revenues & Volume, By Water Treatment, 2021-2031F |
6.2.4 Bangladesh Zinc chloride Market Revenues & Volume, By Catalyst, 2021-2031F |
6.2.5 Bangladesh Zinc chloride Market Revenues & Volume, By Others, 2021-2031F |
6.3 Bangladesh Zinc chloride Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Bangladesh Zinc chloride Market Revenues & Volume, By Electronics, 2021-2031F |
6.3.3 Bangladesh Zinc chloride Market Revenues & Volume, By Chemical, 2021-2031F |
6.3.4 Bangladesh Zinc chloride Market Revenues & Volume, By Agriculture, 2021-2031F |
6.3.5 Bangladesh Zinc chloride Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
7 Bangladesh Zinc chloride Market Import-Export Trade Statistics |
7.1 Bangladesh Zinc chloride Market Export to Major Countries |
7.2 Bangladesh Zinc chloride Market Imports from Major Countries |
8 Bangladesh Zinc chloride Market Key Performance Indicators |
9 Bangladesh Zinc chloride Market - Opportunity Assessment |
9.1 Bangladesh Zinc chloride Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Bangladesh Zinc chloride Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Bangladesh Zinc chloride Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Bangladesh Zinc chloride Market - Competitive Landscape |
10.1 Bangladesh Zinc chloride Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Zinc chloride Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |