Press release
Zinc Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Zinc
How Big Is the Zinc Market Size Expected to Be by 2034?
The dimensions of the zinc market have exhibited substantial growth in the past few years. It is projected to increase from $28.82 billion in 2024 to $31.15 billion in 2025, experiencing a compound annual growth rate (CAGR) of 8.1%. The expansion during the historical period can be credited to the escalating application of galvanization in construction, the emerging automotive industry, batteries and alloys, healTH*Care and pharmaceutical sectors, and metal coatings and protection.
Expectations are high for the zinc market to experience robust expansion in the coming years. By 2029, the market is projected to reach $41.76 billion, boasting a Compound Annual Growth Rate (CAGR) of 7.6%. The predicted growth during the forecast period can be credited to factors such as burgeoning infrastructure and construction activities, increased storage of renewable energy, electric vehicles (EVs), transportation developments, health and wellness trends, and a global economic recovery. Key trends anticipated for the forecast period encompass the use of zinc as a die*tary supple*ment, market growth in emerging regions, the application of zinc alloys in manufacturing, initiatives aimed at zinc recycling, and the incorporation of zinc in health and wellness products.
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What Are the Emerging Segments Within the Zinc Market?
The zinc market covered in this report is segmented -
1) By Type: Construction, Transport, Consumer Goods, Electrical Appliances, And General Engineering
2) By Mining Type: Underground Mining, Surface Mining
Subsegments:
1) By Construction: Galvanized Steel, Zinc Coatings
2) By Transport: Automotive Components, Aerospace Applications
3) By Consumer Goods: Household Appliances, Zinc-Based Batteries
4) By Electrical Appliances: Wiring And Connectors: Electronic Components
5) By General Engineering: Mechanical Parts, Corrosion Resistance Applications
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What Long-Term Drivers Are Shaping Zinc Market Trends?
The upward trend in the zinc market can be attributed to the expansion of various heavy industries in developing nations like China and Peru, fuelled by the growth of their population and infrastructure. In this context, population signifies the total number of individuals or residents in a specific geographical area. The primary application of zinc is in the process of galvanizing, which is employed to shield iron and steel from corrosion. For example, Worldometer, an American reference website known for its counters and real-time statistics about diverse subjects, revealed that in June 2022, the present population of China is 1,450,341,718. Consequently, the escalating population is propelling the expansion of the Zinc market.
Who Are the Top Competitors in Key Zinc Market Segments?
Major companies operating 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, Boliden AB, Chihong Zinc & Cadmium Co. Ltd., Hudbay Minerals Inc., Jinchuan Group, Yunnan Yunxi Zinc Industry Group Co. Ltd., MMG Limited, Tevali Mining, China Nonferrous Metal Corporation, Nyrstar NV, Hunan Nonferrous Metals Corporation, Ivanhoe Mines Limited
What Zinc Market Trends Are Gaining Traction Across Different Segments?
Prominent businesses involved in the zinc market are shifting their attention towards the creation of innovative solutions like zinc-oriented battery technology. This refers to the invention and usage of batteries that include zinc as a primary element in both their composition and electrochemical operations. For example, in January 2022, Imprint Energy Inc., a company based in the United States that manufactures zinc-batteries, introduced the 'ZinCore' technology for zinc-based batteries. This technology escalates portable power provision, paving the way for new advancements in IoT product design and mobile communication. ZinCore batteries yield ten times the power of Imprint's preceding ZincPoly battery in equivalent volume, satisfying 5G radio needs with broadened temperature ranges.
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Which Regions Are Becoming Hubs for Zinc Market Innovation?
Asia-Pacific was the largest region in the zinc market in 2024. The regions covered in the zinc market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Zinc Market?
2. What is the CAGR expected in the Zinc Market?
3. What Are the Key Innovations Transforming the Zinc Industry?
4. Which Region Is Leading the Zinc Market?
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