The Zinc Market is being driven by Rapid industrialization in emerging economies
The Zinc Market is expected to grow at a CAGR of 2.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4459.7 million. The global zinc market is witnessing a significant trend towards the introduction of innovative, eco-friendly products. Hindustan Zinc, the world's second-largest integrated zinc producer, recently launched EcoZen on July 24, 2024. This low-carbon green zinc product is manufactured using renewable energy sources, resulting in a carbon footprint that is 75% lower than the industry average. EcoZen, which has been certified as a low-carbon product by a renowned international sustainability firm, caters to the essential requirement of producing zinc suitable for galvanizing steel. This development is particularly relevant to industries such as automotive, construction, infrastructure, and renewable energy.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
225 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2.8% |
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Market growth 2025-2029 |
USD 4459.7 million |
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Market structure |
fragmentation |
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YoY growth 2024-2025(%) |
2.5 |
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Key countries |
China, US, India, Japan, Germany, Belgium, Canada, Brazil, UK, and South Korea |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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In the realm of agricultural production, effective zinc nutrient management is crucial for optimizing crop growth. This encompasses the use of zinc soil amendments and foliar sprays to address zinc-deficient soils and enhance zinc uptake in zinc-rich crops. The efficiency of zinc fertilizers is paramount, with considerations given to application timing, rate, and blends. Zinc chelates, such as EDTA and DTPA, play a significant role in improving zinc solubility and stability. Zinc translocation within plants and zinc uptake kinetics are also essential aspects of zinc nutrient management. Ultimately, proper zinc management ensures healthy crops and optimal yields.
In the expansive landscape of the global diversified metals and mining industry, businesses specializing in the production and extraction of a range of metals and minerals, including non-ferrous metals such as zinc, hold significant importance. These metals are integral to various industries, with zinc, specifically, playing a crucial role in the production of chelates and enhancing micronutrient uptake. Foliar zinc application is a notable use case, underlining the market's significance. The global diversified metals and mining market encompasses companies engaged in the production or extraction of metals and minerals, including zinc, and diversified mining operations. According to Technavio, the market size is determined by the combined revenue generated by these entities.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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