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Zinc Global Market Report 2025: Market Size, Growth Drivers, and Emerging Trends
Zinc Global Market Report
What Is The Projected Market Size Of The Global Zinc Market And Its Growth Rate?
The global zinc market has seen significant growth in recent years, with strong projections for the future:
- The market size grew from $28.82 billion in 2024 to $31.15 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%.
- Key drivers of this growth include increasing galvanization in construction, the rising automotive industry, batteries and alloys usage, and applications in healthcare and pharmaceuticals, metal coatings, and protection.
- The zinc market size is projected to reach $41.76 billion in 2029 at a CAGR of 7.6%.
- This anticipated growth is attributed to rising infrastructure and construction, the surge in renewable energy storage, expansion of electric vehicles (EVs) and transportation, health and wellness trends, and global economic recovery.
What Is Driving The Growth In The Zinc Market?
The expansion of the zinc market is due to the increasing industrial activities in developing countries such as China and Peru, fueled by a surging population and advanced infrastructure. The significant use of zinc in the galvanizing process, which protects iron and steel from rusting, drives demand for the metal. As an example, the population of China, currently at 1,450,341,718 according to Worldometer, strongly drives the growth of the zinc market.
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Who Are the Key Players Driving Zinc Market Growth?
Key entities in the zinc market include:
- Glencore plc
- Jiangxi Copper Corporation
- Hechi Jinchuan Group Co. Ltd.
- Zijin Mining Group Co. Ltd.
- Tongling Nonferrous Metals Group Holding Co. Ltd.
- Vedanta Resources plc
- Teck Resources Limited
- Boliden AB
- Korea Zinc Company Ltd.
- Hindustan Zinc Limited
- Kaz Minerals plc.
What Are The Key Trends In The Zinc Market?
Noteworthy trends in the zinc market include:
- The focus on zinc as a die*tary sup*plement,
- Market expansion in developing regions,
- Zinc alloy applications in manufacturing,
- Zinc recycling initiatives,
- The incorporation of zinc in health and wellness products.
What Are The Segments Of The Global Zinc Market?
Segments of the global zinc market include:
- By Type: Construction, Transport, Consumer Goods, Electrical Appliances, And General Engineering
- By Mining Type: Underground Mining, Surface Mining
Which Region Leads The Zinc Market?
Asia-Pacific was the largest region in the zinc market in 2024. The report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Zinc Global Market Report?
- Market Size Analysis: Analyze the Zinc Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Zinc Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Zinc Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Zinc Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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