According to the recent study the Zinc Market is projected to reach an estimated $78 billion by 2028 from $70 billion in 2022, at a CAGR of 2% from 2023 to 2028. Growth in this market is primarily driven by increasing demand for galvanized steel and infrastructure development in emerging markets like India, Brazil, and Indonesia. Furthermore, growing demand from niche applications like smartphones, electric vehicles, mild hybrid engines, and power grid storage will drive the global zinc market.
Browse 134 figures/charts
and 113 tables in this 230-page report to understand trends, opportunities and
forecast in zinc market by end use (construction and infrastructure,
transportation, consumer goods, industrial machinery, and others), application
(galvanizing, zinc base alloy, brass and bronze, zinc compounds, zinc semis,
and others), process (hydrometallurgical and pyrometallurgical), by source
(primary and secondary), by mining location type (underground, open pit type,
and combination of both), and region (North America, Europe, Asia Pacific, and
the Rest of the World).
“Construction and infrastructure market is expected to remain the
largest segment during the forecast period.”
Based on end use, the
zinc market is segmented into construction and infrastructure, transportation,
consumer goods, industrial machinery, and others. Lucintel forecasts that the
construction and infrastructure market is expected to remain the largest
segment due to increasing urbanization, industrialization, building, and
construction activities.
“Within the zinc market, the galvanizing
segment is expected to remain the largest application.”
Based on application the
galvanizing segment is expected to witness the highest growth over the forecast
period due to growing demand of galvanized steel in construction, automobile,
and other industrial sectors.
Download sample by clicking Zinc
Market.
“Asia pacific will dominate the zinc market in near future.”
Asia Pacific will remain
the largest region and it is expected to witness the highest growth over the
forecast period supported by increasing urbanization, industrialization, and
building and construction activities in this region, especially in China and
India.
Major players of zinc
market are adopting various growth strategies like new product launches,
expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Glencore International
AG, Nyrstar N.V., Hindustan Zinc Ltd., Korea Zinc Co., Ltd., Boliden Group,
China Minmetals Corp. Ltd., Nexa Resources SA, Shaanxi Non-ferrous Metals
Holding Group Co., Ltd, Teck Resources Ltd., Peñoles, Noranda Income Fund are
among the major zinc providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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