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Zinc Market Analysis 2023: Market Growth Rate, Competitive Landscape And Top Opportunities | Jinchuan Group, Teck Resources, Nyrstar, Tevali Mining, and Hudbay
Zinc Market Analysis
The Business Research Company's Zinc Global Market Report 2023 identifies increase in various heavy industries in developing countries as the major driver for the zinc market's growth in the forecast period. Population refers to the whole number of people or inhabitants in a country or region. The primary use of zinc is in the galvanizing process, which protects iron and steel from rusting.
The global zinc market size will grow from $26.64 billion in 2022 to $29.54 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The zinc market size is expected to grow from $45.78 billion in 2027 at a CAGR of 11.6%.
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Major competitors in the zinc market are Jinchuan Group, Teck Resources, Nyrstar, Tevali Mining, and Hudbay Minerals.
A key trend in the zinc market includes use of robots. Robotics is increasing the mining capabilities by rolling out autonomous trucks and drills, thus reducing the need for a human workforce, as the major trends witnessed in the global Zinc market.
Read More On The Global Zinc Market Report Here:
https://www.thebusinessresearchcompany.com/report/zinc-global-market-report
The zinc market is segmented -
• By Type: Construction, Transport, Consumer Goods, Electrical Appliances, and General Engineering
• By Mining Type: Underground Mining, Surface Mining
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the zinc market.
The Business Research Company's "Global Zinc Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Zinc Market Include:
1. Executive Summary
2. Report Structure
3. Zinc Market Characteristics
4. Zinc Market Product Analysis
5. Zinc Market Supply Chain
………………….
24. Copyright And Disclaimer
23. Appendix
22. Recommendations
20. Key Mergers And Acquisitions In The Zinc Market
21. Market Background: Copper, Nickel, Lead, And Zinc
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