Market Overview
According to the recent updates, the global zinc market size is expected to reach $17.3 billion by 2025 and is predicted to exhibit the highest CAGR of 4% during the forecast period 2022-2030.
Zinc is produced by carbon reduction of the zinc blende (ZnS) ore in special blast furnaces. Zinc is used in various applications such as manufacturing metals and rubber, coating for steel and iron to avoid corrosion, and for alloying metals to produce bronze and brass. Meanwhile, zinc compounds are mostly used in the industries like rubber, chemical, paints, and agriculture. The metal components coated with zinc are protected from corrosion. So, zinc is used in the manufacturing of aircraft components that are highly susceptible to corrosion. Hence rising demand for steel and other metal alloys due to the rise in aircraft production is boosting the market growth. The rising demand for steel in the building and construction industry is projected to accelerate market growth in the coming years.
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The rising demand for galvanized steel and the development of infrastructure in emerging markets like India, Brazil, and Indonesia are propelling the growth of the zinc market. Moreover, expanding demand from niche applications such as electric vehicles, smartphones, mild hybrid engines, and power grid storage are accelerating the market growth. Furthermore, the rise in the usage of zinc-air batteries in electric vehicles, growing use of hot-dip galvanizing in automotive for advanced high strength steels with high surface quality, use of zinc in medicine for depression and psychosis treatment are the emerging trends of the market growth.
The zinc market opportunities are construction and infrastructure, consumer goods, transportation, and industrial machinery sectors.
Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3. Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Forecast Model
4. Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants
4.1.4 Application
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Intensity Of Competitive Rivalry
4.3 Market Price Analysis 2020–2027
Continue…
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Market Segmentation
By the latest research, the zinc market is analyzed into form, application, and end-use industry.
Form Segmentation: The zinc market by form segmentation is bifurcated into powder and sheet.
Application Segmentation: Based on the application, the zinc market is categorized as galvanizing, die casting, and more.
End-Use Industry: the zinc market by the end-use industry is classified into three segments construction, transportation, and consumer goods.
Regional Analysis
Based on the recent information received, the global zinc market is regionally analyzed into four major regions like Asia-Pacific, Europe, North America, and the Rest of the World. Out of these regions, the Asia-Pacific region is holding the largest market share due to the presence of emerging countries like India, China, and Japan which are rising the production of automobiles and increasing the usage of zinc in metal and steel parts. Due to the economic development in the Asia-Pacific region, the demand for steel increases which further increases the application of zinc-coated metal alloys for strengthening the modern infrastructure. The growing usage of zinc in the industries like automotive and construction is fostering market growth in this region. Moreover, the rising application of metal coatings in electronic devices is expanding the growth of the market.
The zinc market’s key competitors are Korea Zinc Group (Korea), Nexa Resources S.A, Teck, Old Bridge Chemicals, Zochem, China Minmetals Corp, and others.
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Industry News
As per the latest research, the zinc market forecast states that this product is going to reach a high position in the market growth in the review period for its rising applications in various industries, rising investments to make more R & D to develop the product, acquisitions, expansions, and more. The usage of zinc is increased in the aircraft components which is expected to boost the market growth.
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