Segments - Zinc Silicofluoride Market by Type (Upto 98%, Above 98%), Application (Curing Agent for Concrete, Mothproofing Agent for Textiles, Polyester Fiber Production, Plaster Additive, Glass Manufacturing, Others), Distribution Channel (Direct Sales through Manufacturer, Sales through Distributor), and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends and, Forecast 2023 – 2031
The Global Zinc Silicofluoride Market size was valued at USD 220.7 Million in 2022 and is anticipated to reach USD 335.1 Million by 2031, expanding at a CAGR of 4.9% during the forecast period.
Zinc silicofluoride is a white to off-white crystalline, sand-like powder. It is used in the ceramic industry for glazing. It is also used as a hardener in specialty concrete mixtures, plaster enhancer, a catalyst for the production of polyester fibers, and as a mothproofing agent for textiles. Additionally, it can function as a cleaner of stone, brick, concrete, and other construction materials by mixing zinc fluosilicate with other chemicals and making a pasty mixture.
The construction industry refers to the branch of manufacturing and trade related to building, repairing, renovating, and maintaining infrastructures. The availability of zinc silicofluoride depends upon materials such as phosphate rock and sulphuric sulfate acid, as they are the raw materials of fluorosilicic acid. According to the Building and Construction Authority of Singapore, the private sector construction demand is anticipated to stay stable over the medium term and reach USD 11 billion to USD 14 billion annually from 2024 to 2027. The increasing demand for construction from the public and private sectors is influencing the demand for zinc silicofluoride. The price of these raw materials depends on various factors, including supply & demand, market conditions, natural disasters, geopolitical changes, and restrictions imposed by governments.
Industrialization influences the demand for zinc silicofluoride in the construction industry. According to the Netherlands Bureau for Economic Policy Analysis (CPB), global industrial production increased by 3.3% in 2022. This reflects an increase in output to the 2.8% annual average for the previous ten years. China, the US, Japan, Germany, India, South Korea, Italy, France, the UK, and Indonesia are the top 10 manufacturing nations across the globe. In advanced economies, industrial production exceeded pre-pandemic levels in 2022. Major factor driving industrial production is the rising output in advanced economies. Industrial production has increased by 4% in 2022 as compared to the previous year (2021).
Increasing expenditure on residential construction indicates a positive impact on the market. According to Statistics Canada, residential construction investment in Canada increased for the 11th consecutive month in March 2021. Hence, the increase in investment in construction has fueled the zinc silicofluoride market. New homes and commercial buildings are in demand, as the construction industry expands and urbanization increases across the globe. Governments worldwide are investing a considerable amount of money in real estate and other commercial structures.
The global construction industry is being driven by growing populations and urbanization. As the world's population grows, the demand for infrastructure and housing. Rapid urbanization involves the development of new cities, roads, bridges, and other infrastructure projects, all of which necessitate the use of zinc silicofluoride. The need to accommodate the rising population and offer suitable living and working places is driving this factor. Furthermore, urbanization increases incomes and changing lifestyles, driving the zinc silicofluoride market.
Growing economy is boosting the disposable income of people. A large number of individuals are spending heavily on buying new houses. Therefore, the demand for increasing construction activities is anticipated to increase the need for zinc silicofluoride, as they are used in concrete mixtures and plaster enhancers. Increased disposable income has increased construction activities, which is expected to drive the market.
Global demand for housing developments and new residential construction have significantly increased. Furthermore, the need for concrete with improved durability, sustainability, superior quality, and high compressive strength is expected to fuel the market. Zinc silicofluoride is used in the concrete mix as a hardener, plaster additive, and others. It has wide applications in construction. Construction of roads and bridges dominates the market and is expected to ascend at a high growth rate during the forecast period. Furthermore, the growing trend of constructing high-rise townships and residential buildings and the reduced land-to-population ratio, which is anticipated to fuel the market.
Governments across the world recognize the importance of infrastructure development, in terms of economic growth and social well-being. They spend an enormous amount of money on building and developing transportation networks such as roads, highways, trains, and airports. Massive volumes of concrete required for these projects to build long-lasting and dependable infrastructure. Furthermore, expenditures in public buildings such as schools, hospitals, and water treatment plants add to concrete consumption. Governments' proactive engagement in infrastructure development assures a consistent flow of projects, and it is anticipated to propel the zinc silicofluoride market.
The wide availability of low-cost alternative solutions to zinc silicofluoride such as calcium chloride, sodium chloride, sodium hydroxide, and others enhances the properties of concrete. The phosphate rock and sulphuric sulfate acid is the raw material for fluorosilicic acid and are used in making zinc silicofluoride. The fluctuation in prices of these materials can directly disrupt the supply chain. These factors can restrain the global zinc silicofluoride market.
Increasing urbanization and rising population boost the need for new residential and commercial areas. It has been estimated that by 2050, more than 45% of population will reside in urban areas. Thus, the government of the respective nations are planning new construction and infrastructural projects. For instance, the upcoming mega projects such as a futuristic city named Neom under construction in Saudi Arabia, with a total estimated cost of around USD 500 billion, The Grand Ethiopian Renaissance Dam in Ethiopia is a hydroelectric dam being built on the Blue Nile River in Ethiopia. As the mega-construction projects have to be completed in the given time these industries utilize additives such as zinc silicofluoride for quick hardening of concrete. This factor is expected to propel the zinc silicofluoride market.
The report on the Global Zinc Silicofluoride Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Zinc Silicofluoride Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016 and 2021 |
Forecast Period |
2023–2031 |
Segmentation |
By Type (Upto 98%, Above 98%), By Application (Curing Agent For Concrete, Mothproofing Agent For Textiles, Polyester Fiber Production, Plaster Additive, Glass Manufacturing, Others), Distribution Channel (Direct Sales Through Manufacturer, Sales Through Distributor), and Region (North America, Asia Pacific, Europe, Latin America, And Middle East & Africa) |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered |
Apollo Scientific Ltd, PARTH INDUSTRIES, Central Drug House, City Chemical LLC, JAYFLUORIDE PRIVATE LIMITED, Otto Chemie Pvt. Ltd., Foshan Nanhai Shuangfu Chemical Co., Ltd, Hangzhou Keying Chem Co., Ltd. |
On the basis of type, the market is divided into upto 98% and above 98%.
The upto 98% segment held 36.6% share of the market in 2022 and is expected to hold 35.4% market share in 2031. The above 98% segment held major share in 2022 owing to its high price and purity.
In terms of application, the market is divided into curing agent for concrete, mothproofing agent for textiles, polyester fiber production, plaster additive, glass manufacturing, and others.
The curing agent for concrete segment held 51.6% market share in 2022 and is expected to hold 52.6% market share in 2031. Curing is essential for the hydration of cement in concrete making. To maintain required moisture content zinc silicofluoride as a curing agent is used. With the addition of zinc silicofluoride concrete gets properly cured, which results in the full development of strength of concrete and it helps to get concrete hard quickly.
A significant market share has held by plaster additives. Zinc silicofluoride helps the plaster surface achieve its initial strength and increases the moisture content in mortar, as it helps keep the hydration process for a long time, which makes the plaster achieve its strength. Zinc silicofluoride has a wide use and the use of it in construction is propelling the market.
Based on distribution channel, the market is divided into direct sales through manufacturers and sales through distributors. The direct sales through manufacturers segment held 22.6% market share in 2022 and is expected to hold 21.8% market share in 2031.
The direct distribution channel of zinc silicofluoride does not make use of any intermediaries. The manufacturer sells directly to the end consumer. The direct form of distribution is used by manufacturers to build trust with customers and to create brand image. A significant amount of zinc silicofluoride gets distributed through distributors, as it gets used in small quantities as compared to other concrete materials such as cement, sand, aggregate, and the need of it depends on the specific construction requirement.
On the basis of region, the zinc silicofluoride market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Asia Pacific region is expected to dominate the market during the forecast period. The rising demand for zinc silicofluoride from growing applications in the construction sector in developing countries such as China, Japan, and India is expected to drive its demand in this region. The significant producers of zinc silicofluoride are located in the region. Most of the manufacturing plants are located in China, Japan, and India.
Rapid infrastructure development in developing countries such as Saudi Arabia and South Africa is driving growth in the Middle East & Africa. The rising use of zinc silicofluoride in the concrete and mortar work is projected to drive the market in the Middle East & Africa.
The construction sector in Latin America is estimated to expand significantly in the future. The increase is attributable to a huge number of enterprises increasing their production and manufacturing facilities, which is fueling the region's development boom. The use of zinc silicofluoride to make the mortar more efficient and to help it gain strength.
In-depth Analysis of the Global Zinc Silicofluoride Market
Historical, Current, and Projected Market Size in terms of Value
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints, and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Zinc Silicofluoride Market Performance
Manufacturers operating in the Global Zinc Silicofluoride Market include Apollo Scientific Ltd, PARTH INDUSTRIES, Central Drug House, City Chemical LLC, JAYFLUORIDE PRIVATE LIMITED, Otto Chemie Pvt. Ltd., Foshan Nanhai Shuangfu Chemical Co., Ltd, and Hangzhou Keying Chem Co., Ltd.
Additional company profiles can be provided on request. For a discussion related to the above findings, click Speak to Analyst.
Supply Chain Disruptions, Fluctuation of Raw Material Prices, Environmental Regulations, industrialization, and Disposal Income are some of the macroeconomic factors impacting the market.
Major players include Apollo Scientific Ltd, PARTH INDUSTRIES, Central Drug House, City Chemical LLC, JAYFLUORIDE PRIVATE LIMITED, Otto Chemie Pvt. Ltd., Foshan Nanhai Shuangfu Chemical Co., Ltd, Hangzhou Keying Chem Co., Ltd.
The COVID-19 pandemic hampered the zinc silicofluoride market. Preventive measures imposed by governments, such as social distancing, emergency lockdowns, and transportation ban, disrupted the global supply chain and encouraged many industries to cease their operation, thereby affected the market.
The base year considered for the Global Zinc Silicofluoride Market report is 2022. The complete analysis period is 2016 to 2031, wherein, 2016, and 2021 are the historic years, and the forecast is provided from 2023 to 2031.