According to the recent study the Zinc Market is projected to reach an estimated $90 billion by 2030 from $62 billion in 2023 at a CAGR of 2% from 2023 to 2030. 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).
Lucintel forecasts that
construction and infrastructure will remain the largest end use industry over
the forecast period due to increasing urbanization, industrialization,
building, and construction activities.
Galvanizing will remain
the largest segment due to growing demand of galvanized steel in construction,
automobile, and other industrial sectors. Zinc compounds segment will witness
the highest growth over the forecast period supported by rising demand in
rubber, paper, chemicals and paint applications.
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Market
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.
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
the major suppliers in 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. +1 972.636.5056
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