Zinc Sulfide Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application
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Introduction
Zinc sulfide is a specialized inorganic compound valued for its luminescent, optical, and pigment properties, making it essential in applications ranging from phosphors to infrared optics. Produced through various methods like precipitation or vapor deposition, its quality varies significantly due to differences in production techniques, leading to inconsistent product performance across the market. The zinc sulfide market is driven by demand in electronics, optics, and coatings, with a fragmented industry structure lacking strong brand consolidation. Emerging trends include high-purity zinc sulfide for advanced optical components and sustainable production methods. Challenges include quality variability, high production costs, and competition from alternative materials like cadmium sulfide.
Market Size and Growth Forecast
The global zinc sulfide market is projected to reach USD 450–500 million by 2025, with an estimated compound annual growth rate (CAGR) of 4%–6% through 2030. Growth is driven by demand in infrared optics, phosphors, and pigments, supported by advancements in electronics and optical technologies.
Regional Analysis
Asia Pacific is expected to lead the zinc sulfide market with a growth rate of 5%–7%, driven by China, Japan, and South Korea. China’s dominance in electronics manufacturing and optical component production fuels significant consumption, supported by companies like Weifang Sunny. Japan’s advanced optics industry and South Korea’s electronics sector drive demand for high-purity zinc sulfide. North America, with a growth rate of 4%–6%, is led by the United States, where defense and aerospace applications boost infrared optics demand. Europe, with a growth rate of 3.5%–5.5%, sees demand in Germany and the UK for optical and phosphor applications, driven by precision manufacturing. South America, with growth estimated at 3%–5%, is supported by Brazil’s industrial coatings sector. The Middle East and Africa, with a growth rate of 2.5%–4.5%, experience demand in South Africa for pigments, though limited infrastructure constrains growth.
Application Analysis
Pigment: Expected to grow at 3.5%–5.5%, zinc sulfide is used in paints and plastics, with trends toward eco-friendly formulations.
Phosphor: Projected to grow at 4.5%–6.5%, this segment supports displays and lighting, driven by demand in electronics.
Infrared Optical Component: With growth estimated at 5%–7%, zinc sulfide is critical for defense and aerospace optics, with trends toward high-purity crystals.
Others: This segment, with growth of 3%–5%, includes niche applications like sensors.
Key Market Players
Venator Materials: A UK-based firm, Venator produces zinc sulfide for pigments, focusing on coatings and plastics.
Coherent: A US company, Coherent supplies zinc sulfide for infrared optics, known for its advanced optical solutions.
Sydor Optics: A US manufacturer, Sydor Optics produces zinc sulfide optics for defense applications.
Crystran: A UK firm, Crystran supplies zinc sulfide for optical components, emphasizing precision.
Hellma: A German company, Hellma produces zinc sulfide for spectroscopy and optics.
Weifang Sunny Special Material: A Chinese leader with 5,000 tons of capacity, it focuses on zinc sulfide powders for optics and phosphors.
Vital Materials: A Chinese firm, Vital supplies zinc sulfide for advanced optical applications.
Porter’s Five Forces Analysis
●Threat of New Entrants: Moderate. High technical expertise and capital costs create barriers, but fragmented production in China encourages new entrants.
●Threat of Substitutes: Moderate. Cadmium sulfide and other compounds compete, but zinc sulfide’s unique properties maintain its edge in optics and phosphors.
●Bargaining Power of Buyers: Moderate to High. Buyers in electronics and optics have negotiating power due to multiple suppliers, but high-purity requirements limit options.
●Bargaining Power of Suppliers: Moderate. Zinc and sulfur suppliers have some leverage, but global availability mitigates this.
●Competitive Rivalry: High. Fragmented players like Weifang Sunny and global firms like Coherent compete on quality and innovation, driving rivalry.
Market Opportunities and Challenges
Opportunities
●Electronics Growth: Demand for phosphors in displays and lighting boosts zinc sulfide use in Asia Pacific.
●Defense and Aerospace: Infrared optics demand in North America and Europe supports high-purity zinc sulfide growth.
●Sustainable Production: Eco-friendly methods align with regulations, fostering market expansion.
●Emerging Markets: Industrial growth in Latin America and Africa offers expansion potential.
●Technological Advancements: High-purity zinc sulfide for advanced optics drives growth in specialized applications.
Challenges
●Quality Variability: Inconsistent production methods hinder brand consolidation and market trust.
●High Production Costs: Complex synthesis processes limit affordability in cost-sensitive applications.
●Regulatory Hurdles: Environmental regulations increase compliance costs in developed regions.
●Alternative Materials: Cadmium sulfide and other compounds threaten market share.
●Supply Chain Risks: Dependency on zinc and sulfur supplies poses logistical challenges.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Zinc Sulfide Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Zinc Sulfide by Region
8.2 Import of Zinc Sulfide by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Zinc Sulfide Market in North America (2020-2030)
9.1 Zinc Sulfide Market Size
9.2 Zinc Sulfide Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Zinc Sulfide Market in South America (2020-2030)
10.1 Zinc Sulfide Market Size
10.2 Zinc Sulfide Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Zinc Sulfide Market in Asia & Pacific (2020-2030)
11.1 Zinc Sulfide Market Size
11.2 Zinc Sulfide Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Asean
11.5.6 Australia
Chapter 12 Historical and Forecast Zinc Sulfide Market in Europe (2020-2030)
12.1 Zinc Sulfide Market Size
12.2 Zinc Sulfide Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Zinc Sulfide Market in MEA (2020-2030)
13.1 Zinc Sulfide Market Size
13.2 Zinc Sulfide Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Zinc Sulfide Market (2020-2030)
14.1 Zinc Sulfide Market Size
14.2 Zinc Sulfide Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Zinc Sulfide Market Forecast (2021-2026)
15.1 Zinc Sulfide Market Size Forecast
15.2 Zinc Sulfide Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 Venator Materials
15.1.1 Company Profile
15.1.2 Main Business and Zinc Sulfide Information
15.1.3 SWOT Analysis of Venator Materials
15.1.4 Venator Materials Zinc Sulfide Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Coherent
15.2.1 Company Profile
15.2.2 Main Business and Zinc Sulfide Information
15.2.3 SWOT Analysis of Coherent
15.2.4 Coherent Zinc Sulfide Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Sydor Optics
15.3.1 Company Profile
15.3.2 Main Business and Zinc Sulfide Information
15.3.3 SWOT Analysis of Sydor Optics
15.3.4 Sydor Optics Zinc Sulfide Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 Crystran
15.4.1 Company Profile
15.4.2 Main Business and Zinc Sulfide Information
15.4.3 SWOT Analysis of Crystran
15.4.4 Crystran Zinc Sulfide Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 Hellma
15.5.1 Company Profile
15.5.2 Main Business and Zinc Sulfide Information
15.5.3 SWOT Analysis of Hellma
15.5.4 Hellma Zinc Sulfide Sales, Revenue, Price and Gross Margin (2020-2025)
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Table Research Scope Of Zinc Sulfide Report
Table Data Sources Of Zinc Sulfide Report
Table Major Assumptions Of Zinc Sulfide Report
Table Zinc Sulfide Classification
Table Zinc Sulfide Applications List
Table Drivers Of Zinc Sulfide Market
Table Restraints Of Zinc Sulfide Market
Table Opportunities Of Zinc Sulfide Market
Table Threats Of Zinc Sulfide Market
Table Raw Materials Suppliers List
Table Different Production Methods Of Zinc Sulfide
Table Cost Structure Analysis Of Zinc Sulfide
Table Key End Users List
Table Latest News Of Zinc Sulfide Market
Table Merger And Acquisition List
Table Planned/Future Project Of Zinc Sulfide Market
Table Policy Of Zinc Sulfide Market
Table 2020-2030 Regional Export Of Zinc Sulfide
Table 2020-2030 Regional Import Of Zinc Sulfide
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 North America Zinc Sulfide Demand List By Application
Table 2020-2025 North America Zinc Sulfide Key Players Sales List
Table 2020-2025 North America Zinc Sulfide Key Players Market Share List
Table 2020-2030 North America Zinc Sulfide Demand List By Type
Table 2020-2025 North America Zinc Sulfide Price List By Type
Table 2020-2030 United States Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 United States Zinc Sulfide Import & Export List
Table 2020-2030 Canada Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Canada Zinc Sulfide Import & Export List
Table 2020-2030 Mexico Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Mexico Zinc Sulfide Import & Export List
Table 2020-2030 South America Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 South America Zinc Sulfide Demand List By Application
Table 2020-2025 South America Zinc Sulfide Key Players Sales List
Table 2020-2025 South America Zinc Sulfide Key Players Market Share List
Table 2020-2030 South America Zinc Sulfide Demand List By Type
Table 2020-2025 South America Zinc Sulfide Price List By Type
Table 2020-2030 Brazil Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Brazil Zinc Sulfide Import & Export List
Table 2020-2030 Argentina Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Argentina Zinc Sulfide Import & Export List
Table 2020-2030 Chile Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Chile Zinc Sulfide Import & Export List
Table 2020-2030 Peru Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Peru Zinc Sulfide Import & Export List
Table 2020-2030 Asia & Pacific Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Asia & Pacific Zinc Sulfide Demand List By Application
Table 2020-2025 Asia & Pacific Zinc Sulfide Key Players Sales List
Table 2020-2025 Asia & Pacific Zinc Sulfide Key Players Market Share List
Table 2020-2030 Asia & Pacific Zinc Sulfide Demand List By Type
Table 2020-2025 Asia & Pacific Zinc Sulfide Price List By Type
Table 2020-2030 China Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 China Zinc Sulfide Import & Export List
Table 2020-2030 India Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 India Zinc Sulfide Import & Export List
Table 2020-2030 Japan Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Japan Zinc Sulfide Import & Export List
Table 2020-2030 South Korea Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 South Korea Zinc Sulfide Import & Export List
Table 2020-2030 Southeast Asia Zinc Sulfide Market Size List
Table 2020-2030 Southeast Asia Zinc Sulfide Market Volume List
Table 2020-2030 Southeast Asia Zinc Sulfide Import List
Table 2020-2030 Southeast Asia Zinc Sulfide Export List
Table 2020-2030 Australia Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Australia Zinc Sulfide Import & Export List
Table 2020-2030 Europe Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Europe Zinc Sulfide Demand List By Application
Table 2020-2025 Europe Zinc Sulfide Key Players Sales List
Table 2020-2025 Europe Zinc Sulfide Key Players Market Share List
Table 2020-2030 Europe Zinc Sulfide Demand List By Type
Table 2020-2025 Europe Zinc Sulfide Price List By Type
Table 2020-2030 Germany Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Germany Zinc Sulfide Import & Export List
Table 2020-2030 France Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 France Zinc Sulfide Import & Export List
Table 2020-2030 United Kingdom Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 United Kingdom Zinc Sulfide Import & Export List
Table 2020-2030 Italy Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Italy Zinc Sulfide Import & Export List
Table 2020-2030 Spain Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Spain Zinc Sulfide Import & Export List
Table 2020-2030 Belgium Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Belgium Zinc Sulfide Import & Export List
Table 2020-2030 Netherlands Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Netherlands Zinc Sulfide Import & Export List
Table 2020-2030 Austria Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Austria Zinc Sulfide Import & Export List
Table 2020-2030 Poland Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Poland Zinc Sulfide Import & Export List
Table 2020-2030 Russia Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Russia Zinc Sulfide Import & Export List
Table 2020-2030 Mea Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Mea Zinc Sulfide Demand List By Application
Table 2020-2025 Mea Zinc Sulfide Key Players Sales List
Table 2020-2025 Mea Zinc Sulfide Key Players Market Share List
Table 2020-2030 Mea Zinc Sulfide Demand List By Type
Table 2020-2025 Mea Zinc Sulfide Price List By Type
Table 2020-2030 Egypt Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Egypt Zinc Sulfide Import & Export List
Table 2020-2030 Israel Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Israel Zinc Sulfide Import & Export List
Table 2020-2030 South Africa Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 South Africa Zinc Sulfide Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Zinc Sulfide Import & Export List
Table 2020-2030 Turkey Zinc Sulfide Market Size And Market Volume List
Table 2020-2030 Turkey Zinc Sulfide Import & Export List
Table 2020-2025 Global Zinc Sulfide Market Size List By Region
Table 2020-2025 Global Zinc Sulfide Market Size Share List By Region
Table 2020-2025 Global Zinc Sulfide Market Volume List By Region
Table 2020-2025 Global Zinc Sulfide Market Volume Share List By Region
Table 2020-2025 Global Zinc Sulfide Demand List By Application
Table 2020-2025 Global Zinc Sulfide Demand Market Share List By Application
Table 2020-2025 Global Zinc Sulfide Capacity List
Table 2020-2025 Global Zinc Sulfide Key Vendors Capacity Share List
Table 2020-2025 Global Zinc Sulfide Key Vendors Production List
Table 2020-2025 Global Zinc Sulfide Key Vendors Production Share List
Table 2020-2025 Global Zinc Sulfide Key Vendors Production Value List
Table 2020-2025 Global Zinc Sulfide Key Vendors Production Value Share List
Table 2020-2025 Global Zinc Sulfide Demand List By Type
Table 2020-2025 Global Zinc Sulfide Demand Market Share List By Type
Table 2020-2025 Regional Zinc Sulfide Price List
Table 2025-2030 Global Zinc Sulfide Market Size List By Region
Table 2025-2030 Global Zinc Sulfide Market Size Share List By Region
Table 2025-2030 Global Zinc Sulfide Market Volume List By Region
Table 2025-2030 Global Zinc Sulfide Market Volume Share List By Region
Table 2025-2030 Global Zinc Sulfide Demand List By Application
Table 2025-2030 Global Zinc Sulfide Demand Market Share List By Application
Table 2025-2030 Global Zinc Sulfide Capacity List
Table 2025-2030 Global Zinc Sulfide Key Vendors Capacity Share List
Table 2025-2030 Global Zinc Sulfide Key Vendors Production List
Table 2025-2030 Global Zinc Sulfide Key Vendors Production Share List
Table 2025-2030 Global Zinc Sulfide Key Vendors Production Value List
Table 2025-2030 Global Zinc Sulfide Key Vendors Production Value Share List
Table 2025-2030 Global Zinc Sulfide Demand List By Type
Table 2025-2030 Global Zinc Sulfide Demand Market Share List By Type
Table 2025-2030 Zinc Sulfide Regional Price List
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Zinc Sulfide Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Zinc Sulfide Market Size And Cagr
Figure 2020-2030 North America Zinc Sulfide Market Volume And Cagr
Figure 2020-2030 South America Zinc Sulfide Market Size And Cagr
Figure 2020-2030 South America Zinc Sulfide Market Volume And Cagr
Figure 2020-2030 Asia & Pacific Zinc Sulfide Market Size And Cagr
Figure 2020-2030 Asia & Pacific Zinc Sulfide Market Volume And Cagr
Figure 2020-2030 Europe Zinc Sulfide Market Size And Cagr
Figure 2020-2030 Europe Zinc Sulfide Market Volume And Cagr
Figure 2020-2030 Mea Zinc Sulfide Market Size And Cagr
Figure 2020-2030 Mea Zinc Sulfide Market Volume And Cagr
Figure 2020-2025 Global Zinc Sulfide Capacity Production And Growth Rate
Figure 2020-2025 Global Zinc Sulfide Production Value And Growth Rate
Figure 2025-2030 Global Zinc Sulfide Capacity Production And Growth Rate
Figure 2025-2030 Global Zinc Sulfide Production Value And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |