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India Zinc Market

ID: MRFR/CnM/47162-HCR
200 Pages
Chitranshi Jaiswal
October 2025

India Zinc Market Research Report By Form (Powder, Sheet, Others), By Application (Galvanizing, Die Casting, Others) and By End-Use Industry (Galvanizing, Die Casting, Others) - Forecast to 2035

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India Zinc Market Summary

As per analysis, the India zinc market is projected to grow from USD 2.22 Billion in 2025 to USD 3.82 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.58% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The India zinc market is currently experiencing robust growth driven by diverse applications and increasing demand across sectors.

  • The construction sector remains the largest consumer of zinc, primarily due to rising infrastructure development initiatives.
  • Galvanization continues to dominate the zinc market, while the chemical compounds segment is the fastest-growing, reflecting evolving industrial needs.
  • The automotive industry is witnessing rapid growth in zinc usage, driven by technological advancements and sustainability initiatives.
  • Key market drivers include rising demand from the automotive industry and government policies supporting the mining sector.

Market Size & Forecast

2024 Market Size 2.1 (USD Billion)
2035 Market Size 3.82 (USD Billion)
CAGR (2025 - 2035) 5.58%

Major Players

Hindustan Zinc Limited (IN), Tata Steel Limited (IN), Vedanta Limited (IN), Nyrstar (BE), Zinc Oxide India Limited (IN), Madhya Pradesh State Mining Corporation Limited (IN), Sambhav Metal Limited (IN), M/s. S. R. S. Metal Industries (IN)

India Zinc Market Trends

The India zinc market is currently experiencing a dynamic phase characterized by evolving demand and supply dynamics. The country's robust industrial growth, particularly in construction and automotive sectors, appears to be driving the need for zinc. Additionally, the increasing focus on infrastructure development, as outlined in various government initiatives, suggests a potential rise in zinc consumption. Furthermore, the growing awareness regarding the benefits of zinc in agriculture, particularly in enhancing soil health and crop yield, indicates a diversification of its applications beyond traditional uses. Moreover, the India zinc market is likely to witness shifts in production strategies as domestic mining operations adapt to regulatory changes and environmental considerations. The government’s push for sustainable mining practices may lead to innovations in extraction and processing techniques. This evolving landscape could enhance the efficiency of zinc production while addressing environmental concerns. As the market continues to develop, stakeholders may need to remain vigilant regarding fluctuations in global zinc prices and their impact on local operations. Overall, the India zinc market seems poised for growth, driven by both industrial demand and agricultural applications, while navigating the complexities of sustainability and regulatory frameworks.

Rising Demand from Construction Sector

The construction industry in India is experiencing substantial growth, which is likely to increase the demand for zinc. As infrastructure projects expand, the need for galvanized steel and other zinc-coated products is expected to rise, supporting the overall market.

Sustainability Initiatives in Mining

The India zinc market is witnessing a shift towards sustainable mining practices. Regulatory frameworks are encouraging companies to adopt environmentally friendly methods, which may enhance production efficiency while minimizing ecological impact.

Diversification into Agricultural Applications

There is a growing trend of utilizing zinc in agriculture, particularly for soil health and crop productivity. This diversification could open new avenues for the India zinc market, as farmers increasingly recognize the benefits of zinc supplementation.

Market Segment Insights

By Application: Galvanization (Largest) vs. Chemical Compounds (Fastest-Growing)

In the India zinc market, galvanization is the largest application segment, significantly contributing to the overall demand for zinc due to its extensive use in protecting iron and steel structures from corrosion. This process ensures the longevity and durability of products, which is essential in a country with growing infrastructure and construction activities. Alloy production, coatings, batteries, and chemical compounds also hold considerable market shares, with coatings being vital for providing protective finishes to products, while batteries showcase a moderate demand in the electric vehicle segment.

Galvanization (Dominant) vs. Chemical Compounds (Emerging)

Galvanization stands as the dominant application for zinc in India, primarily driven by its essential role in the construction and automotive sectors. By being integral to the infrastructure development and residential projects, galvanization meets the needs of a rapidly urbanizing population. Meanwhile, chemical compounds represent an emerging segment, characterized by their rapidly increasing demand in agriculture and fertilizers, as well as in various industrial applications. This shift towards chemical compounds is inspired by the need for sustainable and efficient solutions, highlighting a change in agricultural practices and industrial innovations. Both segments demonstrate distinct characteristics, with galvanization firmly established and chemical compounds experiencing robust growth as industries adapt.

By End Use: Construction (Largest) vs. Automotive (Fastest-Growing)

In the India zinc market, the end-use sectors show pronounced differentiation in terms of their market share distribution. Construction stands out as the largest segment, fueled predominantly by extensive infrastructure development and urbanization trends. Automotive follows as a notable segment that is gaining traction due to the increasing demand for galvanized components that enhance durability and resistance to corrosion in vehicles. Other sectors like Electronics, Aerospace, and Marine command smaller shares, collectively contributing to the diversity of zinc applications in India.

Construction: Dominant vs. Automotive: Emerging

The construction sector is the dominant player in the India zinc market, primarily due to the rapid pace of infrastructure growth and urban expansion. Zinc is widely used in roofing, cladding, and galvanizing applications that ensure longevity and protect against corrosion. In contrast, the automotive sector is emerging as a significant force, driven by heightened vehicle production and the shift toward electric vehicles which often require advanced zinc coatings. This emerging sector seeks to incorporate sustainable practices, making automotive applications increasingly vital in the overall landscape of zinc consumption in India.

By Form: Zinc Oxide (Largest) vs. Zinc Sulfate (Fastest-Growing)

In the India zinc market, the form segment exhibits diverse applications, with Zinc Oxide securing the largest market share. This is primarily driven by its extensive use in the rubber and ceramics industries, along with growing demand in personal care products. Conversely, Zinc Sulfate, while currently smaller in share, shows remarkable growth potential, particularly in agriculture, where it is increasingly employed as a micronutrient in fertilizers. The growth trends within this segment indicate a robust future for Zinc Sulfate, propelled by rising agricultural productivity initiatives and awareness of nutritional deficiencies in soil. Additionally, the growing trend towards sustainable farming practices is further enhancing the demand for Zinc Sulfate, positioning it as an emerging key player within the market.

Zinc Oxide (Dominant) vs. Zinc Sulfate (Emerging)

Zinc Oxide serves as a dominant force in the Indian zinc market, leading due to its versatile applications across various industries, including cosmetics, rubber, and coatings. Its chemical stability and ability to enhance product properties make it a preferred choice for manufacturers. On the other hand, Zinc Sulfate is progressively establishing itself as an emerging player, particularly in the agricultural sector, where it fulfills critical roles in addressing zinc deficiency in crops. Its eco-friendly profile and effectiveness in promoting plant growth are capturing the attention of agronomists and farmers alike. In summary, while Zinc Oxide maintains its dominance, Zinc Sulfate is on the cusp of significant growth driven by agricultural innovations.

By Distribution Channel: Direct Sales (Largest) vs. Online Sales (Fastest-Growing)

In the India zinc market, the distribution landscape is predominantly characterized by Direct Sales, which constitutes a significant portion of overall transactions. This segment benefits from direct interactions between producers and end-users, thus fostering strong customer relationships and tailored solutions. Other channels like Distributors and Retail also play essential roles, although they contribute less to the overall market share compared to Direct Sales. Online Sales, though currently smaller, are increasingly capturing attention due to evolving consumer preferences for digital transactions.

Direct Sales (Dominant) vs. Online Sales (Emerging)

Direct Sales in the India zinc market represent a traditional and well-established distribution channel that offers robustness in customer relationships and tailored offerings. This channel thrives on personalized service and direct engagement with customers, ensuring high levels of satisfaction and repeat business. In contrast, Online Sales, while currently emerging, are rapidly gaining traction among consumers, driven by the convenience of digital platforms and the growing importance of e-commerce. As more customers seek hassle-free purchasing experiences online, this segment is adapting to technological advancements and changing consumer behaviors, leading to a remarkable growth trajectory in the years to come.

Get more detailed insights about India Zinc Market

Key Players and Competitive Insights

The zinc market in India is characterized by a competitive landscape that is increasingly shaped by innovation, sustainability, and strategic partnerships. Key players such as Hindustan Zinc Limited (India), Vedanta Limited (India), and Tata Steel Limited (India) are at the forefront of this dynamic environment. Hindustan Zinc Limited (India) has positioned itself as a leader through its commitment to sustainable practices and technological advancements, focusing on reducing carbon emissions and enhancing operational efficiency. Meanwhile, Vedanta Limited (India) has been actively pursuing mergers and acquisitions to expand its resource base and market reach, indicating a strategy aimed at consolidating its position in the market. Tata Steel Limited (India) is also leveraging digital transformation initiatives to optimize its supply chain and improve production processes, thereby enhancing its competitive edge.

The business tactics employed by these companies reflect a concerted effort to localize manufacturing and optimize supply chains, which is crucial in a moderately fragmented market. The collective influence of these key players suggests a trend towards greater collaboration and resource sharing, which may lead to increased market stability and resilience against external shocks. As these companies continue to innovate and adapt, the competitive structure of the market is likely to evolve, with a focus on sustainability and efficiency.

In November 2025, Hindustan Zinc Limited (India) announced a significant investment in a new green zinc production facility aimed at reducing its carbon footprint by 30% over the next five years. This strategic move not only aligns with global sustainability goals but also positions the company as a pioneer in environmentally friendly zinc production, potentially attracting environmentally conscious investors and customers. The facility is expected to enhance production capacity while adhering to stringent environmental regulations, thereby reinforcing Hindustan Zinc's market leadership.

In October 2025, Vedanta Limited (India) completed the acquisition of a local zinc mining operation, which is anticipated to bolster its resource portfolio and increase its market share. This acquisition is strategically important as it allows Vedanta to tap into new reserves and optimize its supply chain, thereby enhancing its competitive positioning. The integration of this operation is expected to yield synergies that could improve operational efficiencies and reduce costs, further solidifying Vedanta's status in the market.

In September 2025, Tata Steel Limited (India) launched a digital platform aimed at streamlining its zinc production processes through AI and machine learning technologies. This initiative is indicative of a broader trend towards digitalization within the industry, as companies seek to leverage technology to enhance productivity and reduce operational costs. By adopting such advanced technologies, Tata Steel is likely to improve its competitive stance and respond more effectively to market demands.

As of December 2025, the competitive trends in the zinc market are increasingly defined by digitalization, sustainability, and strategic alliances. Companies are recognizing the importance of forming partnerships to enhance their technological capabilities and market reach. The shift from price-based competition to a focus on innovation, technology, and supply chain reliability is becoming more pronounced. Looking ahead, it appears that competitive differentiation will hinge on the ability to integrate sustainable practices and advanced technologies into operations, thereby fostering a more resilient and forward-thinking market environment.

Key Companies in the India Zinc Market market include

Industry Developments

The India Zinc Market has been witnessing significant developments and current affairs. Recently, Hindustan Zinc Limited has announced expansion plans aimed at enhancing their production capacity amid increasing demand. In October 2023, the company also optimized operations to improve efficiency, reflecting its response to the rising market valuation in the sector. 

Sesa Sterlite is focusing on sustainable mining practices, which have gained traction given global environmental concerns. In a noteworthy merger activity, Bharat Zinc Limited and Baroda Zinc are reportedly finalizing discussions for a potential collaboration aimed at resource sharing, although further details are pending. 

Over the last two years, a surge in zinc prices, driven by robust demand from the construction and automotive sectors, has notably impacted the market dynamics, boosting companies like Vedanta Limited and Chhota Nagpur Zinc. The Indian Bureau of Mines has also emphasized the importance of enhancing mining regulations to ensure sustainable practices within the industry. 

Overall, the zinc market in India remains poised for growth as companies adapt to external pressures and capitalize on emerging opportunities within the sector.

Future Outlook

India Zinc Market Future Outlook

The India zinc market is projected to grow at 5.58% CAGR from 2024 to 2035, driven by infrastructure development, automotive demand, and renewable energy applications.

New opportunities lie in:

  • Expansion of zinc recycling facilities to enhance sustainability.
  • Development of high-performance zinc alloys for automotive applications.
  • Investment in zinc-based battery technologies for renewable energy storage.

By 2035, the India zinc market is expected to solidify its position as a key player in the global landscape.

Market Segmentation

India Zinc Market Form Outlook

  • Zinc Oxide
  • Zinc Sulfate
  • Zinc Powder
  • Zinc Granules
  • Zinc Sheets

India Zinc Market End Use Outlook

  • Construction
  • Automotive
  • Electronics
  • Aerospace
  • Marine

India Zinc Market Application Outlook

  • Galvanization
  • Alloy Production
  • Coatings
  • Batteries
  • Chemical Compounds

India Zinc Market Distribution Channel Outlook

  • Direct Sales
  • Distributors
  • Online Sales
  • Retail
  • Export

Report Scope

MARKET SIZE 20242.1(USD Billion)
MARKET SIZE 20252.22(USD Billion)
MARKET SIZE 20353.82(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)5.58% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledHindustan Zinc Limited (IN), Tata Steel Limited (IN), Vedanta Limited (IN), Nyrstar (BE), Zinc Oxide India Limited (IN), Madhya Pradesh State Mining Corporation Limited (IN), Sambhav Metal Limited (IN), M/s. S. R. S. Metal Industries (IN)
Segments CoveredApplication, End Use, Form, Distribution Channel
Key Market OpportunitiesGrowing demand for galvanized steel in construction and automotive sectors drives India zinc market opportunities.
Key Market DynamicsRising demand for galvanized steel in construction drives growth in India's zinc market amid regulatory shifts.
Countries CoveredIndia

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FAQs

What was the projected market size of the India Zinc Market in 2024?

The projected market size of the India Zinc Market in 2024 was valued at 2.5 USD Billion.

What is the expected market size of the India Zinc Market by 2035?

By 2035, the India Zinc Market is expected to reach a size of 4.5 USD Billion.

What is the anticipated compound annual growth rate (CAGR) for the India Zinc Market from 2025 to 2035?

The anticipated CAGR for the India Zinc Market from 2025 to 2035 is 5.489%.

Which segments contributed the most to the India Zinc Market in 2024?

In 2024, the Powder segment contributed 1.1 USD Billion, the Sheet segment contributed 0.9 USD Billion, and Others contributed 0.5 USD Billion to the India Zinc Market.

What will be the market value for the Powder segment of the India Zinc Market by 2035?

The Powder segment of the India Zinc Market is projected to be valued at 2.0 USD Billion by 2035.

Which key players are dominating the India Zinc Market?

Major players in the India Zinc Market include Hindustan Zinc, Vedanta Limited, Bharat Zinc Limited, and the Jaypee Group.

What will be the market value for the Sheet segment by 2035?

By 2035, the Sheet segment of the India Zinc Market is expected to reach a value of 1.5 USD Billion.

What are some of the growth drivers for the India Zinc Market?

Growth drivers for the India Zinc Market include increasing demand from the construction and automotive sectors.

How does the regional market growth compare within the India Zinc Market?

The regional growth within the India Zinc Market is driven by industrial expansion and rising infrastructure projects across various states.

What is the expected market size for 'Others' in the India Zinc Market by 2035?

The expected market size for the 'Others' segment in the India Zinc Market is projected to be 1.0 USD Billion by 2035.

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