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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.
Key Players
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 (%) Â 
Source: MRFR Analysis
Regional 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 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.
Market Segmentation
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 of 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.
Recent Development
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.
Intended Audience
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Zinc manufacturers
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Traders and distributors of zinc
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Research and development institutes
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Potential investors
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Raw material suppliers
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Nationalized laboratories
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