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 dimethyl dithiocarbamate, a cream-colored odorless 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 in the report titled "Global Zinc Dimethyldithiocarbamate Market."
Key Market Drivers and Restraints
Factors that greatly impact the market growth of industrial electric vehicles will be covered here. Also, covers factors that may challenge or act as an opportunity for the market will be discussed to identify revenue generation.
Various Drivers Contributing to 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 recognized as a carrier ingredient and is expected to expand the consumer need in a variety of agricultural subdivisions, including the defense 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 the geographic front, the global market comprises six regions with all key economies pertaining to it. Credence Research provides in-depth insight into prominent regions of the global market. Asia-Pacific dominated with over 31.7% share in 2020.
The Liquid Form leads Global Market.
Powder Form and Liquid Form are the two Forms of the global market. In 2020, powder form accounted for the largest share of the global market.
Fungicides continue to dominate the global market in terms of Application.
Fungicide, Pesticides, Synthesis of Rubber Accelerator, and Others are the various applications of this market. Due to the growing demand for fungicides in agriculture, the market for zinc dimethyl dithiocarbamate has seen significant development. Furthermore, the growing demand for zinc dimethyl dithiocarbamate in fungicide and vulcanized rubber applications presents a significant market opportunity for the zinc dimethyl dithiocarbamate market's leading players. However, the overall growth of the zinc dimethyl dithiocarbamate market is expected to be hampered by strict government regulations.
