Zinc Market 2022 Explosive Factors of Revenue by Industry Statistics, Size by 2030

The Global Zinc Market is estimated to be worth USD 1012.23 Billion by 2024, registering a significant CAGR during the forecast period (2021- 2030).

Zinc is an anon-ferrous metal that’s silvery-white in color with a blue tinge. It’s the fourth most common metal in the Earth’s crust and is substantially used for galvanizing. The global zinc market is anticipated to be driven by the robust growth in zinc-intensive infrastructure from emerging markets.

The future of the zinc market looks encouraging with opportunities in the construction and infrastructure, transportation, consumer goods, and industrial machinery sectors. The significant drivers for this market are boosting demand for galvanized steel and infrastructure development in rising markets like India, Brazil, and Indonesia. Besides, growing demand from niche usages like smartphones, electric vehicles, mild hybrid engines and power grid storage will herd the zinc market. The expanding application of metal coatings in electronic devices is anticipated to boost market growth.

Emerging trends, which hold a direct impact on the dynamics of the industry, include the escalating use of hot-dip galvanizing in automotive for advanced high-strength steels (AHSS) with exceptional surface quality, the expansion in the use of zinc-air batteries in electric vehicles, and the application of zinc in medicine for the treatment of depression and psychosis.

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Regional Analysis
The Global Zinc Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

The growth of the Asia- Pacific market is mainly driven by the high production of automobiles in nations similar as China, India, and Japan, which is enlarging the application of zinc in metal and steel parts. The economic expansion in the region has fueled the demand for steel, which has accelerated the application of zinc-coated metal alloys to strengthen modern infrastructure. The expanding use of zinc in the automotive and construction industries is projected to fuel the regional market growth during the review period. Within the zinc market, construction and infrastructure will stay the largest end-use industry over the forecast period due to augmenting urbanization, industrialization, building, and construction activities in China, India, Brazil, Indonesia, and other developing countries.

The augmented trading activities of aircraft parts to North America from nations like China, India, France, and the UK are anticipated to drive demand for zinc in the aerospace industry. High exports from the US market are expected to drive the demand for zinc in the region.

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Market Segmentation

The global Zinc Market is segmented into the following types;

By Form

• Powder
• Sheet

By Application

• Galvanizing
• Die Casting
• Others

By Type

• Pure Zinc
• Zinc Alloy
• Others

By End-Use Industries

• Construction
• Transportation
• Consumer Goods
• Others 

Key Players
The global Zinc Market’s prominent key players are Korea Zinc Group (Korea), Nyrstar (Switzerland), Glencore Xstrata (Switzerland), Nexa Resources S.A. (Brazil),Boliden (Sweden), Shaanxi Nonferrous Metals (China), Teck (Canada),China Minmetals Corp.  (China), Old Bridge Chemicals (US), and Zochem Inc. (US).

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