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Rising Population Is Propelling The Growth Of The Zinc Market: Pivotal Factor Influencing Zinc Market Growth in 2025
Zinc Market
Zinc Market Size Growth Forecast: What to Expect by 2025?
The zinc sector has seen consistent expansion in recent times. It's projected to ascend from $24.13 billion in 2024 to a significant $25.32 billion in 2025, signifying a compound annual growth rate (CAGR) of 4.9%. Factors contributing to this growth over the historic period include an increase in the process of galvanization in the construction sector, a surge in the automotive industry, the prevalent use of batteries and alloys, as well as the healthcare and pharmaceutical industries, not to mention metal coatings and protection.
How Will the Zinc Market Size Evolve and Grow by 2029?
There is an anticipation of notable expansion in the zinc market in the forthcoming years. The market is projected to reach a value of $31.91 billion by 2029, experiencing a compound annual growth rate (CAGR) of 6.0%. The escalating growth during this period is due to several factors such as the increase in infrastructure and construction projects, the use of renewable energy storage, the development of electric vehicles and transportation, along with health and wellness trends and global economic recovery. Key trends during this forecast period encompass the emphasis on zinc as a nutritional supplement, market growth in up-and-coming regions, utilization of zinc alloy in manufacturing processes, initiatives towards zinc recycling, and integration of zinc in health and wellness products.
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What Drivers Are Propelling the Growth of Zinc Market Forward?
The surge in the zinc market can be attributed to the growth of various heavy industries in expanding economies like China and Peru. This acceleration is due, in large part, to the burgeoning population and infrastructure development. Population, in this context, is the term used to denote the total count of residents in a specific geographical location. Zinc's main application is found in the galvanizing process which is instrumental in safeguarding iron and steel against rust. For illustration, Worldometer, a renowned American reference website offering counters and real-time statistics on numerous subjects, stated that as of June 2022, the population of China stands at 1,450,341,718. Consequently, the growing population is fueling the expansion of the Zinc market.
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Which Emerging Trends Are Transforming the Zinc Market in 2025?
Leading businesses in the zinc market are shifting their attention towards devising cutting-edge solutions such as zinc-based battery technology. This refers to the progress and use of batteries where zinc is an integral part of their structure and electrochemical procedures. For instance, Imprint Energy Inc., an American firm that manufactures zinc batteries, unveiled their 'ZinCore' zinc-based battery technology in January 2022. The ZinCore battery technology boosts portability of power, thereby paving the way for novel approaches in advanced IoT product engineering and mobile connectivity. Compared to Imprint's earlier ZincPoly battery, ZinCore batteries deliver ten times more power in the same amount of space and can satisfy the requirements of 5G radio with wider temperature variations.
What Are the Key Segments in 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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Who Are the Key Players Shaping the Zinc Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Zinc Market?
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.
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