Ag zinc part of total demand increase
Improving diets worldwide and the need to feed the more than 9 billion people who are expected to inhabit the earth by 2050 are driving greater global demand for zinc chemicals to use as micronutrients in agricultural crops. This holds especially true for chemicals such as zinc oxide, zinc sulfate and zinc chloride, according to a new global market research report released by HIS Chemical, a company that touts itself as a global source of critical information and insight.
“Zinc is an essential element for animal and plant life, and zinc deficiency, particularly in children, has become such a threat to public health that many countries in zinc-deficient regions are implementing programs to increase the use of zinc in fertilizers,” said Stefan Schlag, director of specialty chemicals at IHS Chemical. “We see this trend contributing to healthy demand growth for zinc chemicals during the next few years.”
“Total demand for zinc-derived chemicals is currently 1.5 million metric tons (MMT) (expressed as Zn equivalents),” Stefan said. “However, by 2018, the end of the study period, we expect demand for these chemicals to exceed 1.8 MMT Zn. About 400 thousand metric tons (TMT) of that demand will be tied to agricultural demand, most of it in the form of zinc sulfate.”
ZINC FOR USE IN CHINA FERTILIZER
In 2012 and 2013, for example, China included zinc fertilizer in the national fertilizer recommendations for major crop production, Schlag said. “This project will help bring zinc fertilizer into the mainstream of balanced fertilizer management and significantly increase zinc fertilizer production and use in China by an additional 50,000 metric tons to 100,000 metric tons annually, according to our estimates at IHS Chemical.”
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