ID: MRFR/CnM/6531-HCR | 140 Pages | Author: Anshula Mandaokar | June 2023
Zinc Market Overview
As per the research reports by MRFR, the global zinc market in volume terms is likely to reach a mark of over 1,012.23 billion over the forecasted era. The market analysis and the global trends suggest that with the increasing services of the Zinc Market in the industrial, official as well as residential sectors, the demand for the production and usage of the same has also increased. The price assessments, the trends, and the analysis of the import and the export data
The major factor driving the Zinc Market report is the heavy zinc consumption on all of the industrial, official and domestic fronts. The market's major growth is seen in the sectors of the increasing usage of steel alloys, where the major component of the mixture is the zinc metal. There has been an increased usage of steel and zinc industry over the past few years due to the heavy consumption of the same. This is one of the crucial factors that enhances the growth of the zinc market across the globe. The construction of buildings and infrastructure by the day has also triggered the growth of the market.
Some of the prominent players in the global zinc market 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), among others.
Zinc Market Share, by Application, 2018 (%)
Source: MRFR Analysis
The growth of the Asia-Pacific market is mainly driven by high production of automobiles in countries such as China, India, and Japan, which is increasing the application of zinc in metal and steel parts. The economic development in the region has fueled the demand for steel, which has increased the application of zinc-coated metal alloys to strengthen the modern infrastructure. The increasing use of zinc in the automotive and construction industries is projected to fuel the regional market growth during the review period.
The increasing application of metal coatings in electronic devices is expected to boost market growth. According to the German Electrical and Electronic Manufacturers' Association (ZVEI), the revenue of the electrical and electronics industry in the Americas was USD 558.87 billion in 2017 which is expected to propel zinc consumption in electronic parts during the forecast period. The increase in trading activities of aircraft parts to North America from countries such as China, India, France, and the UK is expected to drive demand for zinc in the aerospace industry. In 2018, the US total export of aircraft and parts were recorded around USD 150.6 billion. High exports from the US market is expected to drive the demand for zinc in the region.
The growth of the European market is primarily driven by rapid growth in automobile production, which is projected to boost the regional market growth during the review period.
The global zinc market has been segmented on the basis of form, application, end-use industry, and region. Based on form, the global zinc market has been segregated into powder and sheet. The powder segment is expected to register healthy CAGR owing to its wide application in the coatings metals and steel. By application, the global market is divided into, galvanizing, die casting, others. The end-use industry comprises construction, transportation, and consumer goods.
In March 2022,
Zinc five declared its plans for the movement in the energy greener association that will help emit fewer pollutants to the environment. This was done by launching a battery with high rechargeable and energy convenient sources. The batteries were made up of nickel and zinc, apart from the regular power sources.
Parker Hannifin, in 2022, announced the introduction of a specific tough shield surface treatment required to fit all the factors and criteria for excellent zinc-nickel plating in the assembly values.
Traders and distributors of zinc
Research and development institutes
Raw material suppliers
|Market Size||2030: USD 1,012.23 Billion|
|CAGR||2022–2030: Substantial CAGR|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Form, Application, End-Use Industry and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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), among others.|
|Key Market Opportunities||The surging demand for steel in the building and construction industry is expected to drive the growth|
|Key Market Drivers||Growing demand for steel and other metal alloys owing to rise in aircraft production is likely to drive the zinc market|
zinc market volume can touch 1,012.23 billion by 2030.
Massive demand for steel alloys in aircraft parts is the major driver of the global zinc market.
APAC can register a large share in the global zinc market due to massive demand in the automotive sector.
Europe can contribute to the global zinc market revenue due to heavy demand for metal coatings in electronic devices.
Shaanxi Nonferrous Metals, Boliden, Old Bridge Chemicals, Korea Zinc Group, Glencore Xstrata, Teck, Nexa Resources S., Nyrstar, Zochem, Inc, and China Minmetals Corp are notable players of the global zinc market.
Key Questions Answered
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