Global Zinc Dimethyldithiocarbamate(ZDMC) Market (Business Opportunities - Advertising Service)

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Global Zinc Dimethyldithiocarbamate(ZDMC) Market

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The global zinc dimethyldithiocarbamate (ZDMC) market was evaluated US$ X.42 Bn in terms of value and is expected to reach US$ X.32 Bn by 2027, at a CAGR of X.12% during a forecast period. Safe use of zinc dimethyldithiocarbamate(ZDMC) in rubber synthesis is covering the extensive collection of market share.

Global Zinc Dimethyldithiocarbamate(ZDMC) Market

Market Definition:

Zinc dimethyldithiocarbamate, abbreviated as ZDMC which is cream yellow in appearance and odourless salt slightly soluble in water and soluble in solvents such as chloroform, acetone, H_2 SO_4. Outstanding chemical and thermal stability, ZDMC is extensively used in numerous end-use industries including rubber, agriculture, fungicides, and pesticides industries.

Market Drivers and Barriers:

Massive growth and development in the rubber industries is leading the market growth as it has broad application in rubber vulcanization in rubber manufacturing unit. In plants, it is applied in the form of oil or can be spread over the plant in order to create barrier amongst the plant and the fungus in harvests such as vegetables, pome fruits, nut crops, stone fruits, vegetables and industrial and commercial developed plants including peaches, almonds, pears, grapes and others have huge possibility to get affected by attack of animal, fungus and microbes or other unwanted insects making this product as the key product in order to act as repellent in aforesaid segments acting as key driver for the market growth. It also finds application in the soil treatment to enhance the fruitfulness of soil without harming the crops.

Further ZDMC is also engaged as an additive component in the development of paints, adhesives, and waterproofing material. Furthermore, market demand is also driven by development of agrochemical, construction and rubber industries sector which is contributing for market growth; rough estimation is XX Bn in 2019.

However, fluctuation in the product cost and presence of numerous substitutes for the product is expected to hamper the market growth. Also, the high toxicity of ZDMC which is injurious to the human health when comes in contact is considered as a barrier for ZDMC.

Zinc dimethyldithiocarbamate(ZDMC) Market Segment analysis:

By application segment, fungicides subdivision market size established more than XX% of the total market share in 2019. It has broad applications across numerous sectors like in agriculture sector widely accepted as carrier ingredient expected to broaden the market need in numerous application of agricultural subdivision such as protection of seasonal plants and crops form the harming fungus and insects creating a loop hole for the market dominance in the developing regions such as APAC and Europe. Significant growth in the harvesting industry owing to the huge R &D activity across the globe is another factor propelling the global zinc dimethyldithiocarbamate(ZDMC) market amongst other application. The fungicides sub segment from application accounted for over US$ XX Bn in 2019 and is supposed to grow with an expected CAGR of XX% during the forecast period.

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Target City : pune
Last Update : Sep 12, 2020
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Item  Owner  : chetana
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2020-11-25 (0.073 sec)