The global Zinc Dimethyldithiocarbamate Market is expected to cross market value of USD 1.32 billion in 2027 from USD 0.92 billion in 2020. It is expected to grow at a CAGR of over 6.1% during the forecast period.
ZDMC stands for zinc dimethyldithiocarbamate, a cream coloured odourless salt that is mildly soluble in water and soluble in solvents such as chloroform, acetone, and H_2 SO_4. ZDMC is widely used in a variety of end-use industries, including rubber, agriculture, fungicides, and pesticides, due to its outstanding chemical and thermal stability. Credence Research is offering holistic information and absolute accuracy on the report titled “Global Zinc Dimethyldithiocarbamate Market”.
Key Market Drivers and Restraints
Factors that have high impact on the market growth of industrial electric vehicles will be covered her. Also, covers factors that may challenge or act as opportunity for market will be discussed in order to identify the revenue generation.
Various Drivers Contributing in Market Growth
ZDMC is used in the development of paints, adhesives, and waterproofing materials as an additive component. Furthermore, consumer demand is influenced by the growth of the agrochemical, construction, and rubber industries sectors, all of which contribute to market expansion.
It has a wide range of applications in a variety of industries, including agriculture, where it is commonly recognised as a carrier ingredient and is expected to expand the consumer need in a variety of agricultural subdivisions, including the defence of seasonal plants and crops from harmful fungi and insects, providing a loophole for market dominance in emerging regions such as APAC and Europe. Another factor driving the global zinc Dimethyldithiocarbamate market is significant growth in the harvesting industry as a result of massive R&D activity around the world.
Asia-Pacific to Dominate the global market
On geographic front, the global market comprises six regions with all key economies pertaining to it. Credence Research is providing in-depth insight on prominent regions of global market. Asia-Pacific dominated with over 31.7% share in 2020.
Global Market is led by the Liquid Form
Powder Form and Liquid Form are the two Forms of global market. In 2020, powder form accounted for the largest share in global market.
Fungicide continue to dominate the global market in terms of Application
Fungicide, Pesticides, Synthesis of Rubber Accelerator and Other are the various applications of this market. Due to growing demand for fungicides in agriculture, the market for zinc dimethyldithiocarbamate has seen significant development. Furthermore, the growing demand for zinc dimethyldithiocarbamate in fungicide and vulcanized rubber applications presents a significant market opportunity for the zinc dimethyldithiocarbamate market's main players. However, the overall growth of the zinc dimethyl dithiocarbamate market is expected to be hampered by strict government regulations.
Frequently asked questions about global industry
Which are the different Forms of Zinc Dimethyldithiocarbamate? Ans: Liquid Form and Powder Form are the different Forms available in the market
Who are the key players in the global industry? Ans: EuroChem Mcc, Chemische Fabrik Budenheim KG, Hangzhou J & H Chemical Co., LTD, Vale S.A., Nanjing datang chemical Co.,Ltd., China Skyrun Industrial CO.,Ltd, Haihang industry Co., LTD., Fine Chemical Manufacturer, Wengfu Group, UPL Ltd. are the key players operating in this market
Which is the fastest growing Application segment for global industry? Ans: Fungicide Application offers tremendous opportunities to players
Which is the leading regional market for global industry? Ans: Asia-Pacific has the largest share owing to various developments happening in this space
What will be the CAGR (2021 - 2027) of in global industry? Ans: The market is anticipated to grow at a CAGR of 6.1% throughout the forecast period
